Sep 3, 2024
By: Prerna Tyagi
Credit: iStock
The past week has been a whirlwind for Indian start-ups, with over $466 million being raised across various sectors. From quick e-commerce to specialty coffee, here’s a look at the start-ups that made headlines with their funding rounds.
Credit: iStock
Zepto, the quick e-commerce platform raised a staggering $340 million in a follow-on financing round. This latest round, led by General Catalyst with participation from Dragon Fund and Epiq Capital, propelled Zepto’s valuation to an impressive $5 billion.
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Blue Tokai, a specialty coffee retailer, brewed up a fresh $35 million in its Series C funding round. The round was led by Verlinvest, with Anicut Capital and A91 Partners also joining in.
Credit: Prerna Tyagi
Yubi’s platforms facilitate every stage of the financial flow from lenders to borrowers. Formerly known as CredAvenue, secured $30 million in equity capital, with its founder and CEO Gaurav Kumar leading the charge by personally investing in the company.
Credit: Yubi
AGRIM, a B2B platform for agri-inputs, raised $17.3 million in its Series B funding round. Asia Impact led the round, with existing investors like Kalaari, India Quotient, Omnivore, and Accion Venture Lab also participating. The platform connects retailers directly with manufacturers across various agri-input categories.
Credit: AGRIM
Pilgrim, a D2C beauty and personal care brand successfully raised $9 million in an extended Series B funding round, led by Fireside Ventures and Vertex Ventures.
Credit: Pilgrim
Mumbai-based post-sales service firm Servify provides brand-authorised after-sales support for gadgets and electronics. The firm secured Rs 84 crore ($10 million) in a mix of equity and debt from Bajaj Holdings, Trifecta, and Innoven Capital.
Credit: Servify
As Swiggy gears up for its IPO, it also made headlines this past week by securing undisclosed funding from Amitabh Bachchan’s family office.
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HouseEazy, a marketplace for resale homes, closed its Series A funding round with $7 million. The round was led by Chiratae Ventures, with participation from Alteria Capital and Antler.
Credit: HouseEazy