Indian Startups Raise $138 Million In Funding, Led By Fintech And Deeptech

Indian startups raised more than $138 million this week across 23 funding rounds. This includes three growth-stage deals and 20 early-stage investments. Fintech and deeptech sectors attracted the most attention, with $50 million secured in two major deals.

Fintech startup Easy Home Finance raised $35 million in its Series B round. The funding was led by Claypond Capital and Sumitomo Mitsui Banking Corporation’s Asia Rising Fund. “This funding will propel our efforts to make home financing truly digital, efficient, and accessible,” said Rohit Chokhani, MD of Easy Home Finance. The company plans to use advanced data insights and in-house technology to simplify and accelerate the home loan process.

Deeptech and B2B Startups Also Attract Significant Funding

MODIFI, a B2B Buy Now Pay Later (BNPL) platform, secured $15 million in funding. The round was led by SMBC Asia Rising Fund, with participation from Maersk, Intesa SanPaolo, Heliad, and other top global investors.

Deeptech robotics startup CynLr raised $10 million in Series A funding, led by Pavestone and Athera Venture Partners. This brings CynLr’s total funding to $15.2 million. Additionally, GalaxEye, a spacetech startup, closed its Series A round with $10 million in funding from MountTech Growth Fund–Kavachh.

BlackBuck Moves Toward Public Listing as Indian Startups Hit $12.2 Billion in 2024

Logistics unicorn BlackBuck filed its red herring prospectus (RHP) with the Registrar of Companies (RoC), aiming to raise Rs 1,114.72 crore through a public listing.

Indian startups have raised a total of $12.2 billion in funding in 2024, surpassing the entire funding amount for 2023. October alone saw over $1 billion raised across 119 deals, continuing the momentum as the year ends.

Also Read: PM Modi Pays Tribute To Ratan Tata, Hails His Legacy Of Integrity And Innovation