Weekly Funding Report for September 2nd Week

This week, 36 Indian businesses secured funding, with 31 receiving a total of almost $246 million. The biggest fundraisers were Yulu and DotPe, who raised $82 million and $55 million, respectively. Last week, 36 domestic entrepreneurs raised $231 million in fundraising.
Growth/late-stage transactions
This week, five growth stage businesses received additional funding, including an $82 million round for EV startup Yulu and a $55 million round for e-commerce enabler DotPe.
Sr. No. |
Startup Name |
Segment |
Amount Raised (In $Mn) |
Series |
Lead Investor/s |
Investors Participated |
1 |
Yulu |
Technology |
82 |
Series B |
Magna International Inc. |
--- |
2 |
DotPe |
Fintech |
55 |
----- |
Temasek |
PayU Fintech Investment, Info Edge Ventures, MUFG Bank Ltd, Naya Global Investments |
3 |
Nobel Hygiene |
Medtech |
Rs 132 crore |
----- |
Sixth Sense Ventures |
----- |
Early-stage transactions
31 firms have raised financing in the early stages, including five unreported rounds. Re.ai, an AI firm, topped the list with a $10.6 million Series A financing. 91Squarefeet, a retail store development business, and Awiros, another AI startup, are also on the list.
Sr. No. |
Startup Name |
Segment |
Amount Raised (In $Mn) |
Series |
Lead Investor/s |
Investors Participated |
1 |
Rephrase.ai |
Enterprise Tech |
11 |
Series A |
Red Ventures |
Silver Lake, 8VC |
2 |
91Squarefeet |
Enterprise Tech |
10 |
Series A |
Stellaris Venture Partners |
Y-Combinator, Betatron Venture Group |
3 |
Awiros |
Media |
7 |
Series A |
Inflexor Ventures, Exfinity Venture Partners |
VedaVC, UHNIs |
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 in 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.