Weekly Funding Report for September Fourth Week

This week, 27 Indian startups secured finance, with 23 receiving approximately $210 million. The top fundraisers were Molbio Diagnostics and Adda247, who raised $85 million and $35 million, respectively. Last week, 24 domestic entrepreneurs got approximately $220 million in fundraising

Growth/late-stage deals

This week, seven Firms in the expansion stage have received more capital., including an $85 million unicorn round for health tech startup Molbio and a $35 million round for Adda247.

Early-stage deals

Twenty companies have raised capital in the early stages, including four unreported rounds. Elucidata, a biotech business, topped the list with $16 million. Four Kites, a SaaS business, and a B2B marketplace startup are added too in the list.

Unannounced deals

Sugar Watchers, Carbon Masters, Uma Robotics, and Syntellect did not provide financial information.

Funding for cities and sections

This week, Bengaluru-based companies led in both the number of startup deals and capital raised. According to Fintrackr data, 14 Companies in Bengaluru raised funds $55.3 million this week, accounting for 26.38% of total funding. During the week, startups in Mumbai and Delhi-NCR raised $15.4 million and $53 million in 6 and 5 deals, respectively

Transactions

• Molbio Diagnostics received $85 million. million in funding from Temasek and Motilal Oswal Alternates for a $1.6 billion value.

• Signzy, a provider of digital banking infrastructure, raised Rs 210 crore (about $26 million) in funding from Gaja Capital, Vertex Ventures, and Arkam Ventures.

• Elucidata, a biotech company, raised $16 million in funding from Eight Roads Ventures, F-Prime Capital, IvyCap Ventures, and Hyperplane Venture Capital.