[Funding News] Top 10 Funding Wrap of the Week – October 14 – October 18, 2024

Indian startups raised capital in order to expand and become more successful. Here is this week’s Top 10 Indian Startups Funding Roundup – October 14 – October 18, 2024.

The Top 10 Indian Startups Funding Roundup of This Week

Shiprocket

Data insights from Shiprocket, the 106th unicorn in India and a top platform for enabling eCommerce, indicate that the festive eCommerce market in India is expected to exceed $12 billion in the crucial months of October through December of 2024.

Eruditus

Eruditus is in advanced discussions to secure $150 million in a new investment round headed by the Texas-based private equity company TPG, with a potential valuation of $2.3 billion.

Neuron7.ai

Keith Block, the former co-CEO of Salesforce, formed Smith Point Capital, which led the $44 million Series B fundraising round for Neuron7.ai. The oversubscribed investment round saw the addition of long-time investors Nexus Venture Partners and Battery Ventures, increasing the total amount of money raised to date to over $63 million.

Everstage

Everstage, a SaaS platform that automates sales commissions, secured $30 million sponsored by Eight Roads Ventures, Elevation Capital, and 3one4 Capital. Everstage has raised $45 million, with Eight Roads Ventures investing over 50%. The company also announced a Rs 5 crore ESOP repurchase.

Primus Senior Living

Primus Senior Living, an eldercare firm, raised $20 million in venture funding, with General Catalyst providing $7 million. Gruhas, co-founded by Zerodha co-founder Nikhil Kamath and Puzzolana Group’s Abhijeet Pai, invested the remaining $13 million.

Slice

The CEO and founder of Bengaluru-based financial unicorn Slice, Rajan Bajaj, has raised Rs 71.7 crore (about $8.6 million).

Yu Foods

Yu Foods Co., an instant packaged food startup located in Delhi NCR, has raised $6.5 million in its Series B fundraising round, which was spearheaded by prominent investors Ashish Kacholia and Asian Paints Promoter Group.

Suraasa

Reach Capital is leading a new $6 million fundraising round for Suraasa, a platform for global teacher mobility and workforce development, with participation from ETS Capital, NB Ventures, TSM Ventures, TRTL Ventures, and other strategic investors.

Wizards

In a seed round headed by an angel investor, Data Science Wizards secured $1.4 million at a valuation of $16.4 million.

Lifechart

The gut wellness company Lifechart has raised $500,000 in an early investment round. $250,000 was donated by Prajay Advisors LLP, with the rest funds coming from Agility Ventures, Expert Dojo, and a convertible instrument group of angel investors that included Ahana Gautam, Nitish Mittersain, Sarath Sura, and Marwari Angels.