[Funding News] Top 10 Funding Wrap of the Week – August 19 – August 23, 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 – August 19 – August 23, 2024.

The Top 10 Indian Startups Funding Roundup of This Week

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.

Advertisment

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.

Advertisment