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[Funding News] Top 10 Funding Wrap of the Week – September 16 – September 20, 2024

By Team VS
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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 16 – September 20, 2024.

The Top 10 Indian Startups Funding Roundup of This Week

PW

This is to share that PW has raised $210 million in its Series B round, at a post-money valuation of $2.8 billion, which is a 2.5X jump from its last valuation of $1.1 billion.

Whatfix

Sweet Nectar Investments (Warburg Pincus) and SoftBank have led the primary and secondary financing of Whatfix, a provider of digital adoption solutions that is SaaS-based.

Qure.ai

Qure.ai, a Mumbai-based startup in the medtech industry, is reportedly seeking to raise approximately $50-60 million in a funding exercise to be headed by Lightspeed, as the medtech industry continues to expand due to the rapid digitalization and automation.

M2P Fintech

Taj Investment Holdings has invested Rs 417.5 crore ($50 million) in M2P Fintech, an application programming interface (API) infrastructure platform that was previously known as Yap.

Redcliffe Labs

Redcliffe Labs, an omnichannel diagnostics service provider, has secured $42 million in a Series C funding round. IFU, an investment firm based in Denmark, led the round, contributing $20 million.

iBUS

iBUS Network and Infrastructure, a digital infrastructure company, has secured approximately Rs 280 crore ($34 million) in funding from the International Finance Corporation to facilitate its international expansion.

Aye Finance

A lending tech startup, Aye Finance, has secured INR 250 Cr (approximately $30 Mn) in a Series G funding round led by Singapore-based impact investor ABC Impact, nearly a month after concluding the loan securitization agreement with Goldman Sachs Finance.

Northern Arc Capital

Northern Arc Capital, a non-banking lender headquartered in Chennai, has received Rs 229 crore from prominent anchor investors in anticipation of its forthcoming initial public offering (IPO).

Infra.Market 

The Series E2 funding round of Infra.Market, a platform that provides construction products and services, is expected to raise a maximum of Rs 150 crore (approximately $18 million).

Kaleidofin

Rabo Partnerships B.V. has led a new round of funding for fintech startup Kaleidofin, which has raised $13.8 million. The round has also been supported by the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish.

FAQs – Funding Roundup in This Week

Name the Top 10 Indian Startups Funding Roundup in This Week(September 16 – September 20, 2024)?
PW, Whatfix, Qure.ai, M2P Fintech, Redcliffe Labs, iBUS, Aye Finance, Northern Arc Capital, Infra.Market, Kaleidofin, are the top 10 Indian startup Funding Roundup in this week.