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From Haber To Urja Mobility – Indian Startups Raised $114 Mn This Week

  • Indian startups raised $114 Mn via 22 deals during October 7-12.
  • Late-stage investments surged 115% to surpass the $2.1 Bn mark in the September quarter this year from $984 Mn in Q3 2023.
  • Deeptech toppled enterprise tech to emerge as the investor favourite sector this week.
  • Haber bagged the biggest cheque, securing $38 Mn by issuing Series C.
  • Seed funding picked up this week to $17.8 Mn from $1.9 Mn last week.
  • The joint venture LC Nueva Investment Partners launched a new fund with a target corpus of INR 150 Cr.
  • Recently listed NBFC Northern Arc announced the launch of its category-II AIF Finserv Fund, with target corpus of INR 1,500 Cr.
  • Logistics startup BlackBuck received SEBI’s go ahead for its INR 550 Cr IPO.
  • Edtech startup PhysicsWallah has roped in Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan as the bankers for its IPO.
  • Ride hailing major Rapido is eyeing raising $60 Mn from Prosus in a mix of primary and secondary share sales.

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