Jaipriya K S,
Content Writer, siliconindia

Marking a momentous milestone for the startup ecosystem of India, October 2024 showcases an outstanding surge in overall activities such as funding, investments, IPO, and so on. The month registered a dynamic shift in the funding landscape of Indian startup ecosystem by securing significant investments, robust strong interests from investors and venture capitalists. In spite of global economic uncertainties, Indian startup landscape established strong adaptability and resilience. So, let’s delve into the report to witness the details of October month’s funding activities, active investments, and top deals happened in Indian startup ecosystem.

Top Funding Deals of the Month

Om Jain led the seed fundraising round for Zintlr, a B2B SaaS platform that specializes in prospecting and sales analytics. The money raised will be put toward growing the team, breaking into new markets, and developing innovative ideas for intelligence-related product verticals.

Zintlr, an AI-powered buyer intelligence platform, was founded in 2022 by Ravi Jain, Ujwal Kumar, and Pranay Khariwal.

With the help of Puro Wellness and V Ocean Investments, the millet-based snack business Troo Good has received Rs.72 crore, or roughly $8.6 million, from Oaks Asset Management. Troo Good, a Hyderabad-based business founded in 2018 by Raju Bhupati, offers a variety of millet-based snacks, such as chikkis, protein bars, and nutri bars.

Ganesh Pawar established furniture store, Furnishka in 2023. The startup successfully closes IndiaQuotient-led Pre-Series A funding round that raised Rs.27 crore. By this round, the company has increased its total funding to Rs.45 crore.

The additional capital will be infused toward improving product research and design, strengthening supply chain & manufacturing capabilities, and expanding to new areas.

In addition to a loan from HSBC Innovation Banking, the cross-border platform for specialty chemical production, Mstack, has raised $40 million in its Series A fundraising round, which is co-led by Lightspeed and Alphawave.

With the help of Serica Angel Fund and UC Impower, the tech-enabled non-banking financial company (NBFC) Swara Fincare successfully received Rs.19.4 crore ($2.3 million) in a Series A funding round.

Based in Gurugram, Swara Fincare maintains 45 branches across Uttar Pradesh, Haryana, Rajasthan, Bihar, and Uttarakhand, impacting approximately 35,000 households.

A pre-Series A funding round comprising debt and equity financing has secured Rs.100 crore ($12 million) for UrjaMobility, a business that specializes in battery leasing for commercial electric vehicles (EVs).

Even Healthcare, a managed care provider, has raised $30 million in a Series A fundraising round led by Khosla Ventures. Other investors include Lachy Groom, 8VC, and Founders Fund. The company has altogether bagged $50 million total capital.

Over the month, the sectors including Edtech, E-commerce, and NBFCs are witnessed as significant securers of huge funding.

In terms of funding stages, there are nearly 50 startups secured funding in the seed funding round, 19 startups in Series A Funding, 11 startups in Pre-series A and 11 startups in Series B Funding round where debt-driven funding clocked 9.99% of the overall funding.