Funding Round-up this Week: May 06 to 13

This week, around 24 Indian startups acquired nearly $320 million in funding. Among these deals were 7 expansion-stage deals and 13 initial-stage deals. Moreover, 4 initial-stage startup deals didn’t disclose their details, including GyanLive, QUE, trackNOW, FoodSquare.

Last week, approximately 28 initial-stage startups raised roughly $340 million in capital.

Regarding city-wise distribution, Bengaluru-based startups led with 9 deals, followed by Delhi-NCR, Mumbai, Hyderabad, Ahmedabad, Gandhinagar, Indore and Kolkata. 

Segment-wise, e-commerce and SaaS startups topped with 4 deals followed by agritech startups. The list further counts AI, edtech, and food tech startups among others.

Seed funding deals dominated the list with 11 deals, followed by 3 Pre-Series A deals while debt, Pre-Seed, Pre-Series A and Series F with others continued the list.

In terms of the week-on-week funding trend, the startup remained somewhat stable with an average decline of a 6.5% drop to $320 million as compared to around $341.5 million acquired in the last week. 

The average funds acquired in the last 8 weeks stands around $249 million with 27 deals each week observed.

Superplum obtains $15 million as funding from the investors

A direct-to-farm supply chain Superplum acquired funding of $15 million in the Series A funding round held this week. The start-up announced it raised funds for business growth utilizing unique technologies and cold-chain infrastructure to significantly enhance how fruit is farmed and delivered to market.

Poshn acquires equity and debt funding this week 

A full-stack food tech supply chain startup Poashn obtained funding in both debt and equity. It raised $4 million as equity and $2 million in debt funding in the Pre-Series A round. This investment was led by the existing investors Prime Venture Partners and Zephyr Peacock India.

Parseable raises $2.7 million from Peak XV's Surge

Parseable, a cloud-native, log analytics has raised $2.7 million in the recent seed funding round led by Peak XV's Surge. The funds will be utilized to enhance the company's ability to manage the escalating volumes of log data produced by modern digital enterprises.

Cornext raises $2.2 million from Omnivore

Cornext, a fodder ecosystem builder to support cattle farming raised $2.2 million in the recent seed round. The deal was led by Omnivore and the funds will be used to ramp up its yearly silage production to 1 million metric tons by 2026 and invest in R&D in baling technology.

REGRIP Re-engineered tyre start-up raises funds

REGRIP known for its innovative approach to recycling tyres secured a significant amount of $2 million in funding. The funding round was spearheaded by SirusOne Capital, Inflection Point Ventures and LetsVenture. The company aims to grow in technological advancements and expand its network for collecting discarded tyres across the nation.

ICON raises $1.2 million in its seed round

ICON, an internet-first direct-to-consumer luggage and travel accessories (LTA) startup raised $1.2 million from DSG Consumer Partners with participation by a clutch of angel investors. The funds will be utilised to increase existing product lines, expand its team, strengthen its distribution network, and boost its innovative portfolio.

Treacle raises pre-seed round led by IPV

Treacle, a cybersecurity startup has raised Rs 4 crore in its pre-seed round. The deal was led by Inflection Point Venture. The proceeds will be utilised to enhance technical and business development, marketing and office expenses, partnerships, and expansion in the Indian market.

50Fin raises funds led by Arali Ventures and Nitin Gupta

Fintech startup 50Fin has secured $550,000 in the recent funding round which was spearheaded by Arali Ventures and Nitin Gupta. The proceeds will be utilised for expansion plans and technological advancements.

Select Brands raises Rs 6.5 crore in funding

The Indore-based startup Select Brands acquired significant funding of Rs 6.5 crore in the latest pre-series A funding round. The deal was led by Agra Gwalior Pathways and Airen Holdings. These funds will be used to scale its growth and category expansion and aim to become an umbrella brand for multiple D2C brands in India.

SaaS startup Knit bags funding this week 

Bengaluru-based SaaS startup Knitbagged $1 million in a recent seed funding round. This deal was led by initial-stage venture capital firm Endiya Partners, with participation from Axilor Ventures and unnamed angel investors. 

Eternz raises $1.15 million in pre-seed funding 

In the recent Pre-seed funding round, Eternz a curated vertical marketplace for jewellery raised $1.15 million. The deal was led by Kae Capital, Gemba Capital, IIMA Ventures, TDV Partners and Venture Lab. These funds will be utilised to target customers across urban India and partner with international brands to establish their presence.

Atomgrid raises Rs 10 crore in seed round led by Merak Ventures

An R&D firm platform for contract development, manufacturing and sourcing of speciality chemicals Atomgrid secured funds of $1.2 million. The deal was led by Merak Ventures in the recent seed round. The amount raised will be utilised to expand its in-house R&D infrastructure, increase global outreach, build a supply chain tech platform and hire. 

Venturi Partners picks up over 5% stakes take in Peak XV-backed K12 Techno

Venturi Partners picks up over 5% stakes take in Reak XV-backed K12 Techno services for $27 million, from Navneet Learning LLP, a subsidiary of Navneet Education Limited, marks the second secondary round for K12 Techno within the past eight months. This suggests continued interest and support from investors in K12 Techno's growth trajectory.

Quardria Capital Invests $102 million in Dialysis Chain Nephroplus

In the recent week, Hyderabad-headquartered Dialysis Chain Nephroplus raised $102 million from healthcare-focused private firm Quardria Capital. The transaction included a private equity firm purchasing shares from existing stakeholders. The funds will be used for growth opportunities and to expand its market leadership, including additional acquisitions in the future, the company said in a statement.