Between June 17 and June 22, 2024, as many as 30 startups across various sectors raised over $897 million from investors.
These sectors include quick commerce, NBFCs, real estate tech, lending, fashion, beverages, fintech, AI, and more.
Between June 3 and June 17, around 41 Indian startups raised over $447 million in funding, with Fibe alone raising $90 million, followed by Battery Smart, Sabine Hospitals and Candi Solar with $65 million, $50 million and $38 million respectively.
Unlike merger and acquisition deals, which typically don’t disclose financial information, these funding rounds offer a glimpse into areas of growing investor interest.
High Value Transactions
A wide range of sectors attracted investment this week, with quickcommerce leading the way, led by Mumbai-based Zepto, led by Adit Paricha, which raised $665 million in a Series F funding round.
Mortgage lender Ummeed Housing Finance Pvt. Ltd has raised $76 million in a Series F funding round.
Following on from this list are lending firm Aye Finance, craft beer maker Bira 91 and digital lending startup Slice, which have raised a combined $75 million in funding: Aye Finance raised $30 million, Bira 91 $25 million and Slice $20 million, all of which were raised in debt rounds.
Emerging Startups
Several noteworthy startups have emerged through collaboration with the funding community.
BFSI-focused Metis Intellisystems raised the smallest amount with $150,000 in funding, followed by packaged water startup Wahter, which raised $600,000 in a pre-seed funding round, and beverage brand Rockit, which secured $710,000 in a pre-seed round.
Several startups raised $1.5 million each: vegan ice cream brand Go Zero raised a pre-series A round, AI startup GreyLabs raised a seed round, generative AI startup Ayna raised a seed round, and beauty brand Asaya also raised a seed round.
Fintech SaaS startup Prosper.io raised $1.55 million in a pre-seed round; luxury luggage brand Eume raised $1.8 million in a pre-Series A round; and AI-powered networking marketplace Unikon.ai raised $2 million in a seed round.
Payments startups POP and Jupiter’s Amica Finance raised $2.4 million each in seed rounds. Revenue automation startup MeetRecord secured $2.7 million in a pre-Series A round. AI startup Maxim AI raised $3 million and R&D-led specialty chemicals platform Distil raised $3.1 million in a seed round.
Lending startup Supermoney raised $3.4 million in a Series A funding round. Farm machinery maker Modish Tractoraurkisan raised $4.78 million. Healthtech startup Alyve Health secured $5.5 million in a Series A round. AI startup Orbitshift raised $7 million in a seed round and NBFC company Dvara KGFS also raised $7 million in debt.
Shivalik Small Finance Bank raised $11.96 million, while Proptech startup Landeed, Fintech startup LEO1 and AI design major Nirwana.AI raised undisclosed amounts.
Lastly, Virat Kohli-backed fashion brand WROGN secured $15 million from Aditya Birla’s TMRW House of Brands.
Mergers and Acquisitions Highlights
The period also saw strategic mergers and acquisitions. Yatra Online Limited acquired the remaining 49% stake in the joint venture Adventure and Nature Network Private Limited (ANN), making ANN a subsidiary of Yatra Online. Prior to the acquisition, Yatra Online held 50% stake in ANN. With the completion of the transaction, its ownership in the company will increase to 99%.
Ananta Capital, the Guardian-backed beauty and wellness company, has acquired a 55% stake in Anveir Living, which currently has three D2C brands – Thriveco, Kharana and Anveir – for an undisclosed amount.
