[Funding News] Top 10 Funding Wrap of the Week – September 2 – September 6, 2024

Indian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Indian Startups Funding Roundup – September 2 – September 6, 2024.

The Top 10 Indian Startups Funding Roundup of This Week

Rapido

Rapido, a mobility startup, has obtained $200 million in a financing round anchored by its current investor, WestBridge Capital. This transaction has propelled Rapido into the unicorn club of privately held companies, with a valuation of $1.1 billion.

Drip Capital

Cross-border commerce finance fintech Drip Capital has secured $113 million in new financing, which includes $23 million in equity from Japanese investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC).

Mintifi

Mintifi, a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.

Moneyview

Moneyview, a lending platform, is currently receiving Rs 250 crore (approximately $30 million) in debt through private placements. In the last three years, this will be the Bengaluru-based organization’s inaugural significant debt round.

Sunsure Energy

Sunsure Energy announced that it has obtained Rs 226 crore in long-term debt financing from Tata Capital, the financial services provider subsidiary of Tata Sons.

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JUSTO

Mumbai-based prop-tech startup JUSTO Realfintech has reportedly raised $7 Mn (approximately INR 58.8 Cr) from investment management firm Arbour Investments through a combination of equity and debt infusion.

Nutrabay

Direct-to-consumer retailer Nutrabay raised $5 million in Series A funding led by RPSG Capital Ventures and Kotak Alternate Asset Managers Limited. Gurugram-based business receives its first institutional funding.

The Hosteller

Chain of backpacker hostels In its Series A round, which was led by V Cube Ventures and included the participation of Lets Venture Angel Fund, Angelist, and numerous other investors, The Hosteller has raised Rs 32 crore (approximately $4 million).

RecommerceX

Accel and Kae Capital have led a $3.6 million preliminary funding round for RecommerceX, a chemical recycling and sustainability startup.

BigEndian Semiconductors

The fabless semiconductor design startup, BigEndian Semiconductors, has announced that it has secured $3 million in funding, with Vertex Ventures SEA & India serving as the lead investor. Other strategic investors have also contributed to the financing.

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