Indian startups raised $71 million from Sept 30 to Oct 05, 2024; Mstack tops the list
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Funding Overview: Between September 30 and October 30, 2024, 17 startups across various sectors raised over $71 million in funding, contributing to a larger total of $366 million raised by Indian startups in a single week.
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Sector Highlights: Notable sectors attracting investment included B2B SaaS, Healthtech, Fintech, Sportstech, and Specialty Chemicals, with Mstack leading by securing $40 million in a Series A funding round.
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Significant Deals: Major deals include Whatfix‘s $125 million raise, and BASIC Home Loan‘s $10.6 million in Series B funding. Collectively, startups like Str8bat, Furnishka, and OnCare raised nearly $9.71 million.
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Emerging Startups: Smaller funding rounds were observed with Secret Alchemist raising $500,000, and health-related startups like Ai Health Highway and ZEVO securing $1 million each.
- Mergers and Acquisitions: The period saw strategic acquisitions such as Adda247‘s acquisition of PrepInsta and Pluckk‘s purchase of Upnourish for $1.4 million, enhancing their market presence.
Between September 30 and October 30, 2024, as many as 17 startups from diverse sectors raised over $71 million in funding from investors.
These sectors include B2B Saas, Healthtech, Sportstech, Wellness, Healthcare, Fintech, Deeptech, Dronetech, and Beauty.
Last week, Indian startups raised over $366 million in funding, with SaaS startup Whatfix raising $125 million alone.
High-value deals
A diverse range of sectors attracted investments during the week, with Specialty chemical leading the pack. Leading this sector was Mstack, which raised $40 million in a Series A funding round. Fintech startup BASIC Home Loan raised $10.6 million in a Series B round.
The list was followed by Sportstech startup Str8bat, Furniture startup Furnishka, and Cancer care startup OnCare, which collectively raised $9.71 million.
Str8bat raised $3.5 million, Furnishka raised $3.21 million, and OnCare raised $3 million.
Emerging startups
Aromatherapy-based wellness startup Secret Alchemist raised the smallest amount, securing $500,000 in a Seed funding round. This was followed by B2B SaaS startup Zintlr raised $890,000 in a Seed funding round.
Healthtech startup Ai Health Highway raised
Here’s a summarized list of the startups, fundraising details, and other relevant information based on the provided content:
Funds Raised and Series
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Mstack
- Amount: $40 million
- Series: Series A
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BASIC Home Loan
- Amount: $10.6 million
- Series: Series B
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Str8bat
- Amount: $3.5 million
- Series: Not specified
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Furnishka
- Amount: $3.21 million
- Series: Not specified
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OnCare
- Amount: $3 million
- Series: Not specified
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Secret Alchemist
- Amount: $500,000
- Series: Seed
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Zintlr
- Amount: $890,000
- Series: Seed
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Ai Health Highway
- Amount: $1 million
- Series: Pre-Series A
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IG Drones
- Amount: $1 million
- Series: Not specified
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Conscious Chemist
- Amount: $1.42 million
- Series: Not specified
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ZEVO
- Amount: $2 million
- Series: Pre-Series A
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ClayCo Cosmetics
- Amount: $2 million
- Series: Series A
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Lissun
- Amount: $2.5 million
- Series: Pre-Series A
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Digilogic Systems India
- Amount: Not specified
- Series: Not specified
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SanchiConnect
- Amount: Not specified
- Series: Not specified
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Garuda Aerospace
- Amount: Not specified
- Series: Not specified
- Sugar.fit
- Amount: Not specified
- Series: Not specified
Mergers and Acquisitions
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Adda247
- Acquired: PrepInsta
- Amount: Undisclosed
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Pluckk
- Acquired: Upnourish
- Amount: $1.4 million
- Capital IQ
- Acquired: Karman Drones
- Valuation: Rs 75 crore (~$8.92 million)
Overview
- Total Funding Amount: Over $71 million raised by 17 startups in the time period mentioned.
- High-Value Deals: Specialty chemicals led the sector in investments.
- Investors: Not specifically named in the content.
This list captures the key entities and their respective funding details from the content provided.