Indian startups raised over $179 million from Nov 11 to Nov 16, 2024, Sarvagram tops the list

Pitchlabz | Posted on November 18, 2024 |

Funding Overview: From November 11 to November 16, 2024, 25 startups raised a total of $179.63 million across various sectors, with a notable week also seeing Indian startups raise over $125 million.
Sector Highlights: Key sectors attracting investment included Lending (led by Sarvagram with $67 million), B2C commerce, Gaming, and Proptech, among others, representing a diverse array of industries.
Emerging Startups: Several emerging startups received funding, with notable rounds including $10 million for Equal, $5.6 million for Ugaoo, and various pre-seed and seed rounds for AI, logistics, and healthcare startups.
Mergers and Acquisitions: The period also featured significant M&A activity, including Unicommerce acquiring Shipway and EaseMyTrip acquiring Planet Education Australia, indicating a strategic push in the e-commerce and travel sectors.
Individual Success Stories: High-value gains were recorded by several startups, notably Easy Home Finance with $35 million, Bhanzu with $16.5 million, and several others raising between $5 to $15 million, showcasing strong investor interest.

Between November 11 and November 16, 2024, as many as 25 startups from diverse sectors raised $179.63 million in funding from investors.

These sectors include AI, B2B, Gaming, Proptech, SaaS, eVTOL, AI, Lending, Dronetech, Legaltech, AaaS, Healthcare, Logistics, and Lending.

Last week, Indian startups raised over $125 million in funding, with NBFC firm Easy Home Finance raising $35 million alone.

Funding Fusion - 11 Nov - 16 Nov - web

Between November 11 and November 16, 2024, as many as 25 startups from diverse sectors raised $179.63 million in funding from investors.

These sectors include AI, B2B, Gaming, Proptech, SaaS, eVTOL, AI, Lending, Dronetech, Legaltech, AaaS, Healthcare, Logistics, and Lending.

Last week, Indian startups raised over $125 million in funding, with NBFC firm Easy Home Finance raising $35 million alone.

Funding Fusion - 11 Nov - 16 Nov - web

High-value deals

A diverse range of sectors attracted investments during the week, with Lending leading the pack. Leading this sector was Sarvagram, which raised $67 million in funding. Math education platform Bhanzu raised $16.5 million in a Series B funding round.

The list was followed by B2C commerce startup Wheelocity, The ePlane Company, and Real estate advisory platform Guardians, which collectively raised $41 million.

Wheelocity raised $15 million, The ePlane Company raised $14 million, and Guardians raised $12 million.

Emerging startups

Identity verification startup Equal raised $10 million, Gardening startup Ugaoo raised $5.6 million in a Series A funding round. AI startup Connecty AI raised $1.8 million in a pre-seed funding round. Admissions as a Service platform CTPL raised $590,000.

Traveltech startup StampMyVisa raised $780,000 in a pre-Series A funding round. SaaS manufacturing startup DesignX raised $1 million in a pre-Series A funding round. Healthcare startup India IVF raised $1.25 million in a pre-Series A funding round.

LogisticsTech startup Pikndel raised $1 million in a seed funding round. Gaming startup Funstop Games raised $5 million in a Series A funding round. Ecommerce AI startup BiteSpeed raised $3.5 million in a pre-Series A funding round. SaaS startup Mushin Innovative Labs raised $250,000 in a seed round. AI startup Zeptlyn raised $3 million in a seed funding round.

Brand protection and authentication solutions provider Ennoventure raised $8.9 million in a Series A funding round. Vehicle Intelligence startup Vecmocon Technologies raised $10 million in a Series A funding round. DroneTech startup Airbound raised $1.7 million in a seed funding round. LegalTech startup LegalKart raised $760,000.

Meanwhile, Gaming startups Norian Games and Xigma Games, OnePlay, and Cleantech startup Hydrogen Mem-Tech kept the funding figures under wraps.

Merger and acquisitions

The period also witnessed strategic mergers and acquisitions. E-commerce enablement SaaS platform Unicommerce acquired Shipway, Enterprise software and B2B SaaS firm Kovai.co acquired B2C SaaS startup Floik, and Traveltech firm EaseMyTrip acquired Planet Education Australia Pty Ltd, a global education service provider headquartered in Sydney.

Here’s a structured list of the funds, investors, startups, founders, and fundraising series based on the provided information:

Total Funds Raised

Total amount: $179.63 million

Notable Funding Rounds

Sarvagram
- Amount Raised: $67 million
- Sector: Lending
Bhanzu
- Amount Raised: $16.5 million
- Funding Series: Series B
- Sector: Education
Wheelocity
- Amount Raised: $15 million
- Sector: B2C Commerce
The ePlane Company
- Amount Raised: $14 million
- Sector: eVTOL (Electric Vertical Takeoff and Landing)
Guardians
- Amount Raised: $12 million
- Sector: Real Estate Advisory

Emerging Startups

Equal
- Amount Raised: $10 million
- Sector: Identity Verification
Ugaoo
- Amount Raised: $5.6 million
- Funding Series: Series A
- Sector: Gardening
Connecty AI
- Amount Raised: $1.8 million
- Funding Series: Pre-seed
- Sector: AI
CTPL (Admittance as a Service Platform)
- Amount Raised: $590,000
StampMyVisa
- Amount Raised: $780,000
- Funding Series: Pre-Series A
- Sector: Traveltech
DesignX
- Amount Raised: $1 million
- Funding Series: Pre-Series A
- Sector: SaaS Manufacturing
India IVF
- Amount Raised: $1.25 million
- Funding Series: Pre-Series A
- Sector: Healthcare
Pikndel
- Amount Raised: $1 million
- Funding Series: Seed
- Sector: LogisticsTech
Funstop Games
- Amount Raised: $5 million
- Funding Series: Series A
- Sector: Gaming
BiteSpeed
- Amount Raised: $3.5 million
- Funding Series: Pre-Series A
- Sector: Ecommerce AI
Mushin Innovative Labs
- Amount Raised: $250,000
- Funding Series: Seed
- Sector: SaaS
Zeptlyn
- Amount Raised: $3 million
- Funding Series: Seed
- Sector: AI
Ennoventure
- Amount Raised: $8.9 million
- Funding Series: Series A
- Sector: Brand Protection
Vecmocon Technologies
- Amount Raised: $10 million
- Funding Series: Series A
- Sector: Vehicle Intelligence
Airbound
- Amount Raised: $1.7 million
- Funding Series: Seed
- Sector: DroneTech
LegalKart
- Amount Raised: $760,000
- Sector: LegalTech

Mergers and Acquisitions

Unicommerce acquired Shipway
Kovai.co acquired Floik
EaseMyTrip acquired Planet Education Australia Pty Ltd

Summary

This funding round saw a diverse range of sectors receiving investments, with a particular emphasis on Lending, Education, and eVTOL technologies among the startups listed. The exact founders and specific investor identities are not mentioned in the provided text.

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