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 |
|
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 |
2 |
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.