[Funding News] Top 10 Funding Wrap of the Week – September 23 – September 27, 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 23 – September 27, 2024.

The Top 10 Indian Startups Funding Roundup of This Week

SpiceJet

SpiceJet, a domestic carrier, announced on Monday that it has successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP).

Whatfix

Whatfix, a global leader among digital adoption platforms (DAPs), has raised $125 Million in a Series E funding round, led by Warburg Pincus with participation from existing investor SoftBank Vision Fund 2.

M2P Fintech

Helios Investment Partners has led a primary and secondary financing round that has raised Rs 850 crore (approximately $101.8 million) for M2P Fintech, an application programming interface (API) infrastructure platform.

Nurix AI

Mukesh Bansal, the former president of Tata Digital and the founder of Myntra and Cultfit, has initiated a new artificial intelligence venture. He has secured $27.5 million in one of the largest seed investments from Accel and Silicon Valley fund General Catalyst.

AdOnMo

AdOnMo, an ad tech startup sponsored by Zomato, has secured $25 million (approximately Rs 209 crore) in a funding round led by Singapore-based venture capital (VC) firm Rigel Capital and Indonesia-based Sinar Mas.

Atlys

Atlys, a visa processing platform, has secured $20 million in its Series B funding round, which was co-led by Peak XV (formerly Sequoia Capital India) and Elevation Capital. Existing investors, as well as new investors like Headline and DST Global, participated in the round.

Giva

Giva, an omnichannel jewelry startup, has secured an extended Series B round of Rs 100 crore ($12 million) from Premji Invest. This marks the organization’s inaugural fundraising event of 2024.

Kapiva

Kapiva, a D2C ayurvedic nutrition brand that is locally produced, has secured Rs 83.5 crore (approximately $10 million) in funding. The round was led by OrbiMed Asia, with the participation of 3One4 Capital and Vertex Ventures.

Aarna.ml

Aarna.ml, an open-source GPU-as-a-Service (GPUaaS) AI Cloud software, has raised $1.25 million in a Series A funding round from Exfinity Venture Partners.

Two Point O Capital

Two Point O Capital, a climate financing platform, has secured $6.3 million in its pilot round, which was led by Omnivore. The round was also attended by Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of prominent angel investors.