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H1 2024 has been a trendsetter in various funding fields as well as IPOs. • Gen AI & Spiritual Tech Deals: AI startups secured 27 deals worth $237 Mn, with startups like Sarvam AI & Ema raising ~$100 Mn. Spiritual tech startups also saw growth, raising over $36 Mn; the sector has several rounds in the pipeline. • Maiden Round of Fashion Brands: Several fashion brands raised their first round in H1 2024. A91 Partners led a $21 Mn round for TechnoSport, Libas raised $18 Mn from ICICI Venture & Rare Rabbit raised $18 Mn. • ESOP & Secondary Deals: Over 10 startups announced ESOP buybacks worth $58 Mn, with Meesho, Urban Company & Pocket FM leading. Secondary transactions increased, benefiting companies like Lenskart.com, Meesho, and Wow! Momo. • Rise in Startup IPOs: Startups like TBO Tech, Digit Insurance, Awfis Space Solutions Limited & ixigo went public in 2024, while others like Unicommerce & Ola Electric received SEBI approval. Companies like Zepto and Flipkart are planning their IPO timelines. • Debt Deals Growth: H1 2024 saw 57 debt-only deals totaling $784 Mn. Combined equity and debt deals might push the total debt to over $1 Bn. Avanse Financial Services Ltd. | MobiKwik | FirstCry.com (BrainBees Solutions Ltd.) | ICICI Venture | A91 Partners | Neysa Networks | KonProz | Vodex.ai | Ema Unlimited | SarvM.AI

#MorningUpdates: 1. CarDekho Group SEA raises $60 Mn from Navis Capital Partners and Dragon Fund 2. Industrial AI startup Haber raises $44M in Series C funding round 3. Capria Ventures to raise $100 million for India Fund III 4. Fintech startup Avanti Finance raises $14.2 Mn in Series B round 5. growX ventures launches Fund II with target corpus of Rs 400 Cr 6. MobiKwik raises Rs 257.4 crore from anchor investors 7. Groww nears 13 Mn active users in November, INDmoney overtakes Paytm Money 8. Sneakers Focussed Marketplace Culture Circle Bags $2 Mn 9. Peak XV Partners, Others To Offload Stake Worth INR 583 Cr in Awfis Space Solutions Limited 10. Tesla Resumes Search For Showroom Space In Delhi NCR

#foodtech #fundingalert #startupfunding Foodtech startup Poshn has raised $4 million in its pre-Series A round, including $2 million in debt led by Prime Venture Partners and Zephyr Peacock India. Earlier in 2022, the startup had raised $4 million in a seed round from Prime Venture Partner and Zephyr Peacock. Additionally, it has partnered with Banks & NBFCs for its debt requirements. Some notable names include ICICI Bank, Alteria Capital, UCIC, Northern Arc, Blacksoil, and Capsave. Founded in 2020 by Bhuvensh Gupta and Shashank Singh, Poshn leverages proprietary AI models to provide a single platform for wholesale buying and selling of commodities in a highly fragmented processed commodity trade market. Read on

#MorningUpdates: 1. Google-backed spacetech startup Pixxel raises $24 Mn more in Series B 2. Prosus Ventures in talks to lead new funding in fintech Jar; ups ante in new deal-making 3. BITKRAFT Ventures sharpens focus on India gaming market; appoints former JetSynthesys CEO Anuj Tandon as partner 4. Metropolis Healthcare acquires CORE Diagnostics for Rs 246.8 Cr 5. 100Unicorns targets $200M fund as it eyes MENA investment opportunities 6. YesMadam Faces Flak Online For Sacking Employees Under Work Stress 7. Flipkart Group's super.money becomes sixth largest UPI app 8. Flipkart Partners DPIIT To Invest In Startups 9. Ex-Swiggy CTO Dale Vaz unveils ‘Sahi.com,’ a stock trading platform offering data-driven insights

Edtech startup Bhanzu has raised $16.5 million in its latest funding round, Jessica Rajan reports for The Economic Times. The funding round was led by venture capital firm Eqiq Capital with participation from Mumbai-based venture fund Z3Partners and existing investors Lightspeed Ventures and Eight Roads. The funds will fuel its expansion in the US and investments in Gen AI. Meanwhile, B2B commerce startup Wheelocity has raised $15 million, says another report by The Economic Times. The funding was led by existing investor Lightspeed India Partners, with participation from Alteria Capital, Anicut Capital, and founder Selvam VMS. The company is building a hybrid online and offline B2C commerce platform for semi-urban and rural consumers. It aims to use the fund to expand into 20,000 towns and villages in Southern India. On the other hand, Equal, an identity verification platform, has raised $10 million, says another report. ✍ : Novinston Lobo 📸 : Getty Images

What's buzzing in the World of Startups? Check out the freshest highlights right here! 1. Ola Electric secured a $50 million debt financing round from EvolutionX Debt Capital, with backing from DBS Bank and Temasek. 2. Scrut Automation raises $10 million in funding from existing investors Lightspeed Venture Partners, MassMutual Ventures and Endiya Partners. 3. SiftHub, a SaaS startup, secures $5.5 million in funding with Matrix Partners India and Blume Ventures leading the investment round. Other investors include Harshil Mathur and Shashank Kumar, co-founders of Razorpay, Arvind Parthiban, founder of SuperOps AI, Manish Jindal, ex-general manager at Cloudflare, and Andrew Johnston, head of sales at Superhuman. 4. SingleInterface, a leading martech firm, received a $30 million investment from PayPal Ventures and Asia Partners. 5. Namdev Finvest Private Limited secured $19 million to expand its footprint in rural India, with Maj Invest leading the funding round. 6. Limelight Lab Grown Diamonds secured a $1 million investment from two prominent jewelry houses, following previous funding from the Emerald Group. 7. Nivara Home Finance Ltd. raises $10 Mn from Baring Private Equity Partners India. Congratulations to these companies for their recent funding victories! We're excited to see your impact on India's startup scene. #fundingnews #vc #startups #equityeducation

Established in 2021, B2B tech startup Groyyo recorded a whopping Rs 509.8 crore in its second year of revenue generation (FY23). Its scale surged 19X when compared to FY22’s Rs 25.8 crore. Based out of Gurugram, the Subin Mitra, Ridam Upadhyay, and Pratik Tiwari founded firm is a B2B manufacturing and automation startup that uses artificial intelligence to boost efficiency in an extremely fragmented small-scale manufacturing industry. Groyyo has raised funding of over Rs 390 crore through 4 rounds. It’s latest round, a debt financing round, was held earlier this year and scooped up close to Rs 45 crore from the likes of Lighthouse Canton and Trifecta Capital. Read more: https://lnkd.in/gNEAeAb7

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Jiffy Daily... your go-to newsletter for daily news bytes from the World of Startups! COOX udaan.com First Cheque Yotta Data Services Private Limited NVIDIA slice North East Small Finance Bank Department for Promotion of Industry and Internal Trade HCLSoftware InsuranceDekho RenewBuy Atomberg Technologies Inflection Point Ventures Lighthouse Canton Stride Ventures InnoVen Capital India Trifecta Capital #startupnews #indianstartups #startup #vcfunding #startupfunding #funding #startupnews #yourtribe #fundingnews

New Milestones in #Fintech, #VentureCapital, and #Healthcare 1. PocketATM: #Banking on Doorsteps: PocketATM, a fintech startup, aims to be the "Blinkit for banking" by facilitating cash withdrawals from neighborhood stores, expanding financial inclusion beyond senior citizens and those with mobility challenges. The company offers doorstep banking services through local stores instead of traditional bank ATMs and branches, increasing convenience. 2. Pienza Ventures Targets Indian B2B SaaS Startups: US-based venture capital firm Pienza Ventures is launching an accelerator program specifically for Indian #B2B (business-to-business) Software-as-a-Service (SaaS) startups. This initiative aims to support and accelerate the growth of promising Indian B2B #SaaS companies. 3. RED.Health Raises $20 Million in Series B Funding: Red.Health, a healthcare startup, has secured $20 million in Series B funding. This fresh capital will likely fuel the company's growth and expansion plans. #FintechInnovation #StartupGrowth #Startups #FinancialInclusion #B2BSaaS #TechFunding #StartupAccelerator #InnovationInBanking #SeriesBFunding