Weekly Funding Wrap-up Oct 18-24

In the dynamic world of startups, securing funding is crucial for growth and innovation. This week from 18 October to 24 October, several companies have successfully attracted significant investments across various sectors, showcasing a vibrant entrepreneurial landscape.

The top 5 raising collectively accounted for USD USD 246, while Eruditus led the chart with USD 150 million fundraising. From direct-to-consumer brands to cutting-edge tech startups, here’s a roundup of the top funding rounds that have made headlines recently.

Eruditus Secures USD 150 Million In Series F
Edtech unicorn Eruditus has successfully raised USD 150 million in its Series F funding round led by TPG’s The Rise Fund. Existing investors, including Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments, and the Chan Zuckerberg Initiative, also participated in this round.

Even Healthcare Bags USD 30 Million In Series A
Managed care provider Even Healthcare secured USD 30 million in its Series A funding round led by Khosla Ventures. The round also saw participation from Founders Fund, 8VC, and Lachy Groom, among others. Total funding for Even Healthcare now stands at USD 50 million. The new capital will facilitate the launch of hospital operations and scale patient care processes.

Neysa Secures USD 30 Million In Series A
Generative AI startup Neysa has raised USD 30 million in a Series A round co-led by NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners. Following a USD 20 million seed funding in April, Neysa aims to enhance its artificial intelligence (AI) infrastructure and prepare for the start of its Gen AI acceleration cloud service.

Stellapps Technologies Raises USD 26 Million In Series C
Dairy tech firm Stellapps Technologies raised USD 26 million in a Series C funding round, comprising both equity and debt financing. The round included contributions from Blume Ventures, Omnivore, and the Bill & Melinda Gates Foundation, along with new investor Miledeep Capital. Stellapps has now raised nearly USD 50 million in total.

Zouk Raises USD 10 Million In Series B
Direct-to-consumer bags and luggage brand Zouk has raised USD10 million in a Series B funding round led by Aavishkaar Group. Other participants included Stellaris Venture Partners, Titan Capital, Sharrp Ventures, and the JJ Family. This brings Zouk’s total funding to USD 14.5 million.