Indian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Indian Startups Funding Roundup – August 19 – August 23, 2024.
The Top 10 Indian Startups Funding Roundup of This Week
Table of Contents
Ankur Capital
Ankur Capital’s third fund, which seeks to achieve a target amount of INR 1,200 Cr (about $150 Mn), has obtained commitments from two current limited partners (LPs) – British International Investment and the John D. and Catherine T. MacArthur Foundation.
Bluestone
Bluestone, a jewelry retailer, has completed a Rs 900-crore financing round, which has more than doubled the firm’s valuation to $970 million, or Rs 8,100 crore. The company is on the brink of an IPO.
Opkey
Opkey, an AI-driven platform for continuous test automation, has secured $47 million in a Series B funding round.
Livpure
Livpure, a manufacturer of air conditioners and water purifiers, has secured Rs 208 crore ($25 million) in funding from M&G Investments through its Catalyst investment strategy.
Hangyo
Hangyo, the ice cream brand, has secured funding of $25 million (about Rs 200 crore) from Faering Capital. This represents one of the most substantial investments ever made in an Indian ice cream brand.
Even Healthcare
Even Healthcare, a healthcare firm, has successfully secured Rs 169 crore (equivalent to nearly $20 million) in a recent funding round, with Khosla Ventures leading the investment.
Axio
Online lending platform Axio (previously Capital Float) collected Rs 167 crore ($20 million) from current investors via the right issue.
Efficient Capital Labs
Efficient Capital Labs (ECL), a B2B SaaS company specializing in revenue-based financing, has successfully raised $11 million in Series A fundraising.
Uppercase
Accel, a venture capital firm, has made a $9 million investment in Uppercase, resulting in a significant increase in the valuation of the luggage manufacturer to $60 million.
LoanKuber
LoanKuber, a mortgage brand that runs Janasha Finance, has successfully secured $3.5 million in a pre-Series B funding round.
FAQs – Funding Roundup in This Week
Name the Top 10 Indian Startups Funding Roundup in This Week(August 19 – August 23, 2024)?
Ankur Capital, Bluestone, Opkey, Livpure, Ice Cream Brand Hangyo, Even Healthcare, Axio, Efficient Capital Labs, Uppercase, LoanKuber, are the top 10 Indian startup Funding Roundup in this week.
