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This Week, Funding and Acquisitions in Indian Startups

BusinessPress
Last updated: September 14, 2024 1:33 pm
BusinessPress
Published September 14, 2024
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This Week, Funding and Acquisitions in Indian Startups
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24 Indian Startups raised $228.79 million in funding over the course of the week. Six growth-stage deals and thirteen early-stage deals are included in this list, while five startups withheld the specifics of their transactions.

Six startups raised $182.65 million in funding this week among the growth-stage deals. InMobi, a mobile advertising network software, led a debt financing round of $100 million. Fintech lender FlexiLoans, which focusses on MSMEs, raised $35 million. Onsurity, an employee healthcare platform; AppsForBharat, a spiritual tech startup; Moneyview, a consumer lending platform; and HROne, an HRtech platform, received funding of $21 million, $18 million, $4.65 million, and $4 million, in that order.

Moneyview also became a unicorn after receiving the new funding. Transcell Biologics is one growth-stage startup that withheld the transaction details.

In addition, during the week, thirteen early-stage startups raised $46.14 million in funding. The top startup on the list was wealth tech company Centricity, which was followed by D2C lifestyle and home décor brand Nestasia, AI reality intelligence platform Track3D, biotech-driven material R&D startup Dharaksha Ecosolutions, and platforms for sales and outreach called Futwork.

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