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Indian startups raised over $186 million from Oct 21 to Oct 26, 2024; upGrad tops the list

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  • Between October 21 and October 26, 2024, 18 startups raised $186.23 million across various sectors, including AI, logistics, healthtech, and edtech.
  • Last week, Indian startups collectively raised over $405 million, with the edtech company Eruditus securing $150 million alone.
  • Key funding highlights included $60 million raised by upGrad in the edtech sector, and significant amounts by Even Healthcare, Stellapps Technologies, and Healthify, totaling $76 million.
  • Early-stage consumer brands and logistics startups also received funding, with notable amounts ranging from Rs 1 crore to $10 million for various companies.
  • The period saw strategic mergers and acquisitions, including Bizom’s acquisition of Rhythm 2.0 and Ixigo’s stake in Zoop.

Between October 21 and October 26, 2024, as many as 18 startups from diverse sectors raised $186.23 million in funding from investors.

These sectors include AI, Logistics, Wellness, Healthtech, Dairytech, Consumer Brands, Mobility, Edtech, and AI. 

Last week, Indian startups raised over $405 million in funding, with edtech startup Eruditus raising $150 million alone.


Here is the summarized information based on the provided content about funds, investors, startups, founders, and fundraising series:

Total Funds Raised:

  • Total Amount: $186.23 million (between October 21 and October 26, 2024)
  • Total Startups Funded: 18 startups.

Notable Fundraising Events:

  1. Eruditus

    • Amount Raised: $150 million
    • Sector: Edtech

  2. upGrad

    • Amount Raised: $60 million
    • Sector: Edtech

  3. Neysa

    • Amount Raised: $30 million
    • Fundraise Series: Series A
    • Sector: AI Acceleration Cloud System

  4. Even Healthcare

    • Amount Raised: $30 million
    • Sector: Healthtech

  5. Stellapps Technologies

    • Amount Raised: $26 million
    • Sector: Dairytech
  6. Healthify
    • Amount Raised: $20 million
    • Sector: Healthtech

Emerging Startups and Funding:

  1. The Paan Legacy

    • Funding: Up to Rs 1 crore

  2. Hemptyful

    • Funding: Up to Rs 1 crore

  3. Polr.Care

    • Funding: Up to Rs 1 crore

  4. Celcius Logistics

    • Funding: Rs 1.8 crore

  5. Ohm Logistics

    • Funding: Rs 1.8 crore

  6. Fitsol

    • Funding: Rs 1.8 crore

  7. NG Earsafe

    • Funding: Rs 1.06 crore
    • Fundraise Series: Seed funding

  8. Advance Mobility

    • Funding: $3 million

  9. OLOID

    • Funding: $6 million
    • Sector: Workplace technology
  10. Zouk
    • Funding: $10 million
    • Fundraise Series: Series B
    • Sector: D2C bags and luggage

Mergers and Acquisitions:

  • Bizom acquired Rhythm 2.0 Sales Route Optimiser
  • Ixigo acquired a 51% stake in Zoop (Train food delivery service)

Sectors Involved:

  • AI
  • Logistics
  • Wellness
  • Healthtech
  • Dairytech
  • Consumer Brands
  • Mobility
  • Edtech

This encapsulates the relevant information about startups and funding from the provided article. Further details about specific investors or founders are not included in the text provided.

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