New Delhi, Oct 5 Around 21 startups in India raised around $93 million in funding across 16 deals this week. This includes four growth stage deals and 12 early-stage funding. This is significantly lower than the amount of around $461 million raised by 29 domestic startups last week, which included 10 growth-stage deals.
This week, agriculture supply chain startup WayCool raised Rs 100 crore in debt funding from Grand Anicut. WayCool buys fresh produce, including dairy products, from farmers and sells them to retailers and restaurants.
Fintech platform Basic Home Loans raised $10.6 million in a Series B funding round led by Bertelsmann India Investments (BII) in association with CE-Ventures. Millet-based snacks brand True Good raised Rs 72 crore in a round led by Oaks Asset Management, along with Puro Wellness and V Ocean Investments, reports Entrackr.
Chemical manufacturing platform Amstack secured the highest funding among the 12 early-stage startups that raised $59.05 million this week. IG Drones completed its initial funding round, securing a major $1 million investment led by India Accelerator and Angel Investors.
Mental health platform SIS UN raised $2.5 million led by RPSG Capital Ventures and some new investors. Bengaluru and Delhi-NCR-based startups led the pack with seven deals each, followed by Mumbai, Hyderabad and Chennai.
In the third quarter (July-September), domestic startups raised over $4 billion, including $300 million with pre-round IPs and several transactions above $200 million. This includes 85 growth and late-stage deals worth $3.3 billion, as well as 207 early-stage deals worth $754.26 million.
