Between September 09 and September 16, 2024, as many as 24 startups from diverse sectors raised over $235 million in funding from investors.
Notable transactions include the $35 million debt fundraising raised by FlexiLoans, the $21 million raised by the employee healthcare platform Onsurity, and the $100 million debt funding raised by InMobi. Additionally, there was active early-stage funding, with 13 startups raising $46.14 million in total
September 2024’s investment climate, especially in industries like SaaS, fintech, and healthtech, continued to improve from previous months’ patterns. A few firms are still concentrating on initial public offerings (IPOs); MobiKwik, for example, is getting closer to becoming a publicly traded company (TejiMandi). The investments raised by these firms will support further development and expansion in their respective sectors, and they are a reflection of India’s thriving tech and digital services ecosystem.
In a funding round headed by the National Investment and Infrastructure Fund,
Ather Energy (Bengaluru) raised ₹600 crore ($71 million). In a Series G round led by InCred Wealth and the family office of Mankind Pharma founders
OYO (Gurugram) raised ₹1,457 crore ($175 million).
Livpure (Gurugram) has raised ₹208 crore ($25 million) from Ncubate Capital Partners and M&G Investments.
Paytm’s movie and ticketing division was purchased by Zomato for $244 million.
As part of its expansion into bolstering its offerings, OYO recently acquired Checkmyguest for $27.4 million.