Weekly Funding Wrap-up Oct 11-17
The top five raisings of the week from last Friday to this Thursday saw total funding of USD 106.7 million
In a notable week for startup funding, several companies have successfully secured significant investments, reflecting the continued momentum in the Indian and global venture capital landscape.
The top five raisings of the week from last Friday to this Thursday saw total funding of USD 106.7 million. Omnichannel jewellery startup Giva topped the chart.
Giva Raises Rs 255 Cr
Omnichannel jewellery startup Giva has successfully raised Rs 255 crore (USD 30.7 million) in an extended Series B round. The funding was led by Premji Invest, Epiq Capital, and the Edelweiss Discover Fund, along with contributions from its senior management. The round consists of Rs 89 crore in primary capital, with the remainder classified as secondary funding.
Everstage Raises $30 Mn
Chennai and Delaware-based SaaS startup Everstage has raised USD 30 million in a funding round led by Eight Roads Ventures. This latest investment increases Everstage's total funding to USD 45 million, following a USD 13 million Series A round in April 2022. Founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy, the company continues to innovate in the SaaS space.
Primus Senior Living Raises $20 Mn
In a significant move for the elder care sector, Primus Senior Living has raised USD 20 million in a seed funding round led by General Catalyst. The round saw participation from prominent investors, including Zerodha co-founder Nikhil Kamath and investment firm Gruhas, co-founded by Kamath and Abhijeet Pai of the Puzzolana Group. This marks one of the largest seed funding rounds for an Indian startup in 2024.
Sistema.bio Raises $15 Mn
Biogas-tech company Sistema.bio has successfully secured USD 15 million to accelerate its global expansion. The funding round was led by ElectriFI, managed by Edfi Management Company, with participation from existing investors including Chroma Impact Investment and KawiSafi Ventures, among others.
Anicut Capital Receives $11 Mn
Alternative investment firm Anicut Capital has announced the receipt of USD 11 million in dollar-denominated investments for its Private Credit Fund 3 via the Gift City Structure. This follows a previous investment of Rs 50 crore from the Small Industries Development Bank of India (SIDBI) in September last year for the Anicut Equity Fund.
This week’s funding activities highlight the diverse sectors attracting investment, from elder care to biogas technology, signalling investor confidence in innovative solutions across various industries.
