Weekly Funding Report for September 1st Week

This week, 36 Indian businesses secured funding, with 31 receiving a total of almost $231 million. The biggest fundraisers were NetraDyne and 1mg, who raised $65 million and $40 million, respectively. Last week, 23 domestic entrepreneurs raised $275 million in fundraising.
Growth/late-stage transactions
Six growth-stage firms obtained additional money this week, including financial startup NetraDyne's $65 million round and health tech 1mg's $40 million internal funding round, which helped it become a unicorn.
Sr. No. |
Startup Name |
Segment |
Amount Raised (In $Mn) |
Series |
Lead Investor/s |
Investors Participated |
1 |
NetraDyne |
Technology |
65 |
----- |
Silicon Valley Bank (SVB) |
--- |
2 |
1MG |
Healthtech |
40 |
----- |
Tata Digital |
MPOF Mauritius Ltd, HBM Healthcare, and KWE Beteiligung |
3 |
Akshayakalpa Organic |
D2C |
15 |
Series B |
British International Investment (BII) |
Rainmatter Foundation |
Early-stage transactions
30 firms have raised financing in the early stages, including five unreported rounds. GroMo, a fintech startup, topped the list with $11 million Series A financing. ZippMat, a construction supply chain, and CashFlo, a finance business, are also on the list.
Sr. No. |
Startup Name |
Segment |
Amount Raised (In $Mn) |
Series |
Lead Investor/s |
Investors Participated |
1 |
GroMo |
Fintech |
11 |
Series A |
SIG Venture Capital |
Y-Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company, and Hauz Khas Ventures |
2 |
ZippMat |
B2B |
10 |
----- |
Matrix Partners India |
Zephyr Peacock |
3 |
Cashflo |
Fintech |
8.7 |
----- |
General Catalyst |
Elevation Capital |
Unannounced transactions
Heath ledger Diagnostics, D'chica, Plutos ONE, Travel Buddy, and TSAW Drones all declined to provide financial information.
Funding for cities and segments
This week, Bengaluru-based companies led both the number of startup deals and the cash raised. According to Fintrackr data, 14 Bengaluru-based firms raised $121.6 million this week, accounting for 52.67% of total funding. During the week, Delhi-NCR startups raised $60.5 million in 10 transactions.