Over $897 million was raised by Indian companies between June 17 and June 22, 2024, demonstrating the strong growth and confidence of investors in a variety of industries, such as quick-commerce, NBFCs, proptech, banking, fashion, drinks, finance, and artificial intelligence.
Zepto Tops the Funding Charts
Zepto, a quick-commerce business based in Mumbai, emerged as the front-runner, having secured $665 million in a Series F fundraising round. This substantial investment demonstrates the quick-commerce industry’s increasing demand and investor interest.
Significant Funding Rounds and Key Players
Ummeed Housing Finance Pvt. Ltd, a supplier of housing loans, raised $76 million in a Series F equity financing. Aye Finance, a lender, Bira 91, a craft beer company, and Slice, a digital lending business, raised $75 million in total. Through debt investment rounds, Aye Finance received $30 million, Bira 91 received $25 million, and Slice received $20 million.
Emerging Startups Gaining Traction
BFSI-oriented In pre-seed investment rounds, beverage brand Rockit and packaged drinking water firm Wahter raised $710,000 and $600,000, respectively, while Metis Intellisystems raised $150,000. The vegan ice cream company Go Zero, the AI firm GreyLabs, the generative AI business Ayna, and the cosmetics brand Asaya were among the other startups that raised $1.5 million apiece. Pre-Series A funding totaling $1.8 million was obtained by luxury bag manufacturer Eume, and fintech SaaS business Prosper.io raised $1.55 million.
Noteworthy Funding Highlights
MeetRecord, an AI firm, raised $2.7 million, while Maxim AI, a revenue automation business, raised $3 million. Supermoney, a startup financing company, raised $3.4 million, while Modish Tractoraurkisan, a farm equipment manufacturer, raised $4.78 million. AI startup Orbitshift raised $7 million in seed stages, while healthtech startup Alyve Health raised $5.5 million. Dvara KGFS, an NBFC company, also raised $7 million in loans.
Merger and Acquisition Highlights
With the acquisition of the remaining 49% of Adventure and Nature Network Private Limited, its joint venture, Yatra Online Limited became the parent company of ANN. Ananta Capital purchased a 55% share in Anveya Living, the parent company of D2C brands ThriveCo, Curlvana, and Anveya, through its beauty and wellness business Guardian.
Final Thoughts
The thriving funding scene highlights how dynamic the Indian startup scene is. Startups are well-positioned to generate innovation and growth, drawing interest from global investors and promoting economic development thanks to large investments made across a variety of sectors. Keep checking Atom News, your go-to source for in-depth business and technology news, for additional updates.
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