Weekly Funding Report for September Fourth Week

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.

Sr. No.

Startup Name

Segment

Amount Raised

(In $Mn)

Series

Lead Investor/s

Investors Participated

1

Molbio Diagnostics

HealthTech

85

Series B

Temasek

Motilal Oswal Alternates

2

Adda247

Edtech

35

Series B

WestBridge Capital

Google

3

Signzy

Fintech

26

Sereis B

Vertex Venturesand Arkam Ventures

N/A

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.

Sr. No.

Startup Name

Segment

Amount Raised

(In $Mn)

Series

Lead Investor/s

Investors Participated

1

Elucidata

Fintech

    16             

Series A

Eight Roads Ventures

 F-Prime Capital IvyCap Ventures, Hyperplane Venture Capital

FourKites

Enterprise tech

10

-----

Mitsui & Co., Ltd

N/A

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.

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