Jaipriya K S,
Content Writer, siliconindia

Marking a momentous milestone for the startup ecosystem of India, September 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 has established strong adaptability and resilience.

So, let’s delve into the report to witness the details of September month’s funding activities, active investments, and top deals in startup ecosystem of India.

Top Funding Deals

In a Series E funding round of Rapido, led by West Bridge Capital, the company has raised $200 million, making it one of the largest in the ride-hailing industry in India. Key financial backers who took part in this funding round includes Think Investments, Nexus Ventures Partners, and Invus Group, exhibiting market confidence in the development direction and imaginative abilities of Rapido.

LiaPlus AI, an AI-powered customer support automation platform, has secured Rs.2 crore in seed funding, led by Gurugram-based angel investment firm Inflection Point Ventures. The funding round also saw participation from Chandigarh Angel Network, Growth Sense, and Growth91.

B2B digital lending startup Mintifi is reportedly negotiating to raise $100 million in a new funding round from Ontario Teachers’ Pension Plan (OTPP), private equity firms Bain Capital and Advent International, as well as trying their luck with over 20 other investors.

The parent company of the devotional app Sri Mandir, AppsForBharat, has declared fundraising of $18 million in its Series B funding round led by Nandan Nilekani’s Fundamentum. The round also included contributions from Susquehanna Asia VC, and existing investors such as Elevation Capital, Peak XV, and Mirae Asset VC.

FMCG direct-to-customer startup Mitra has brought Rs.11 crore up in its Pre-Series A round drove by Bestvantage Investments, with support from a Dubai-based strategic family headed by Mr.Surya, who contributed Rs.5 crore.

A cost-effective and transparent wealth Tech startup, Centricity has secured $20 million in a seed funding round spearheaded by Lightspeed. Other investors who graced the funding round by their presence include Paramark VC and existing partners Burman Family Office, Shantanu Agarwal as well as angel investors Ritesh Agarwal, Vishal Dhupar, and MS Dhoni Family Office.

Infra.Market, a platform for construction goods and services, is seeking to rise up to Rs.150 crore which is equivalent to around $18 million, in its Series E2 funding round. This new capital injection follows the announcement of receiving $50 million from Mars Fund just three months ago.