32 Indian Startups Raise $135 Million In Funding This Week
Date
10/12/2024 12:30:13 PM
(MENAFN- IANS) New Delhi, Oct 12 (IANS) At least 32 domestic startups secured nearly $135 million in funding this week, which saw four growth-stage deals and 22 early-stage deals in a significant jump of over 45 per cent from last week.
Deeptech startups emerged as leader this week as Industrial robotics maker Haber raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital.
Software-as-a-service (SaaS) platform Spry Therapeutics raised $15 million led by Flourish Ventures, Together Fund and Fidelity's Eight Roads and F-prime Capital.
Cross-border speciality chemical manufacturing platform Mstack raised $40 million in its Series A funding round co-led by Lightspeed and Alphawave along with a debt from HSBC Innovation Banking. Mstack is now planning to make inroads into agrochemicals and pharmaceuticals. With the fresh proceeds, the firm will also hire talents across functions including R&D.
Meanwhile, digital adoption platform (DAP) Whatfix introduced a $58 million liquidity programme for its employees and investors, marking the company's fourth buyback of employee stock options (ESOPs).
This week, Bengaluru-based startups led with 11 deals followed by Delhi-NCR, Mumbai and Pune.
Last week, 21 startups in India raised nearly $93 million in funding across 16 deals, which included four growth-stage deals and 12 early-stage fundings. It was a big drop from nearly $461 million raised by 29 domestic startups in the previous week, which included 10 growth-stage deals.
In the third quarter (July-September), domestic startups raised more than $4 billion, including several transactions over $300 million and $200 million, along with pre-IPO rounds. This included 85 growth and late-stage deals worth $3.3 billion, along with 207 early-stage deals worth $754.26 million.
MENAFN12102024000231011071ID1108772643
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.