Last Week Funding & M&A Updates (23 - 28 Sep)
🚀 Funding Highlights:
- 29 startups raised around $461 million.
- 10 growth-stage deals and 18 early-stage deals.
- 1 startup kept the transaction details undisclosed.
🌟 Growth-stage Deals:
- 10 startups raised $397.7 million.
- Whatfix spearheaded its $125 million funding round.
- M2P Fintech raised $101.8 million.
- Followed by Qure.ai, HomeLane, AdOnMo, and Atlys with $65 million, $27 million, $25 million, and $20 million in funding respectively.
🌱 Early-stage Deals:
- 18 startups secured funding worth $63.32 million.
- Nurix AI led the list.
- Two Point O Capital, Ahammune Biosciences Pvt. Ltd., CoRover, and The Health Factory followed.
🏙️ City-wise Deals:
- Bengaluru led with 17 deals.
- Followed by Delhi-NCR, Mumbai, Chennai, Hyderabad, and Pune.
📈 Segment-wise Deals:
- AI startups topped with 5 deals.
- E-commerce, Fintech, SaaS, Food and Beverages, Adtech, and Automotive Tech startups followed.
🔍 Series-wise Deals:
- Seed funding led to 10 deals.
- Followed by 4 pre-seed, 3 Debt, 3 Series A, and more.
📉 Funding Trend:
- Weekly startup funding dropped by 9.29% to $461.02 million compared to $558.24 million the previous week.
- 8-week average: $402.67 million with 28 deals per week.
💡 Fund Launches:
- Optimistic Capital launched a Rs 200 crore fund focused on microbreweries.
- Tribe Capital and Oister Global launched a $500 million secondary fund for the next two years.
- SCOPE established a $50 million VC fund for fintech and gaming startups.
- Suresh Sambandam, founder of Kissflow, introduced MudhalVC to support idea-stage startups in Tamil Nadu.
💼 M&A:
- Zaggle acquired a controlling stake in TaxSpanner.
- Loco was acquired by UAE-based Redwood.
- HomeLane made an offer to acquire DesignCafe.
- Redcliffe Labs plans to acquire Celara Diagnostics.
As the funding landscape continues to shift, staying informed is crucial.
If you're exploring fundraising or M&A opportunities, the IBGrid team is here to help businesses like yours
Reach out to us at connect at hi@ibgrid.com.
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Building IBGrid | M&A and Fund-raising | Fostering Entrepreneurship | TiE Ahmedabad
5dA very humble soul. His business acumen, vision and leadership traits have made him a legend. Millions of Indians worldwide feel proud to known him as an Indian. He made India not just look inward but also outwards by acquiring and turning around companies for the growth of the group. Sir, thank you for your commitment to the nation building. I was dumbstruck when I witnessed first-time Shri Naryana Murthy touching your feet at TiEcon Mumbai in Feb 2020. There are many business leaders across the world who are Indian, however the respect you have earned is paramount amongst all. OM Shanti