Lightspeed
Funding in Focus: Major Startup Deals to Watch This Week (Sept 27–Oct 4)
This week, the startup ecosystem witnessed a flurry of funding activities, with several innovative companies securing significant capital to fuel their growth. Here's a closer look at the standout funding rounds that demonstrate the dynamism and potential across diverse sectors.
Startup Funding Spotlight: Key Deals to Watch from This Week (September 21–27)
This week, several startups across diverse sectors secured significant funding, showcasing innovation and growth potential. Here's a roundup of the most notable funding rounds:
Lightspeed and 360 ONE Asset Lead USD 65 Mn Series D Funding for Qure.ai's Global Healthcare AI Expansion
With the raised funds, Qure.ai aims to expand in the US and global markets, advance AI models, enhance technology, and pursue strategic acquisitions to strengthen its healthcare AI offerings.
Startup Funding Spotlight: Key Deals to Watch from This Week (September 6–13)
This week witnessed significant funding rounds across various sectors, highlighting the growing interest in fintech, wealthtech, and lifestyle brands. Below is a roundup of the top startups that secured the most capital between September 6 and September 13.
Wealthtech Startup Centricity Secures USD 20 Mn Funding, Boosting Valuation to USD 125 Mn
Centricity will use its new funds to expand its tech team, enhance generative AI and insurtech solutions, and grow private banking services. Plans also include strategic acquisitions to support growth.
Quick Commerce Platform Zepto Raises USD 340 Mn in Follow-On Round, Boosting Valuation to USD 5 Bn
Zepto plans to use the new capital to double its dark stores to 700 by March 2025 and expand into new markets such as Nasik, Chandigarh, Vizag, and Ahmedabad.
ShareChat Raises USD 16 Mn Debt Funding from EDBI for Growth and Innovation and Reduces Workforce by 5%
The recently obtained capital will be deployed to improve the company's advertising technology stack and grow its customer transactions business, which will involve investing in further creator ecosystem monetisation capabilities.
Fashion Startup ZYOD Raises USD 18 Mn to Enter 40 New Countries
The Gurugram-based startup aims to deploy the raised funds for geographical expansion to 40 new countries. A portion of the funds will also go toward hiring personnel and developing new technologies.
Shivalik Small Finance Bank Secures INR 100 Cr from Lightspeed, Sorin Investments
The bank aims to use the funding to enhance its tech stack, strengthen its team, and further develop the product proposition.
Former Unacademy COO Vivek Sinha's Startup Beyond Odds Technologies Raises USD 11 Mn from Matrix Partners India and Lightspeed
In the upcoming academic year, the Bengaluru-based startup will focus on offering undergraduate courses in allied health sciences.
Scrut Automation Secures USD 10 Mn from Lightspeed, MassMutual Ventures, and Endiya Partners
The funding will be used to bolster platform capabilities, integrating generative AI applications to streamline manual tasks for risk and compliance teams, and extending operations into the North American and European markets.
Audio Series Platform Pocket FM Completes First ESOP Buyback Worth USD 8.3 Mn
The buyback of stock comes shortly after the Bengaluru-based company announced its USD 103 million Series D funding led by Lightspeed.
Pocket FM Raises USD 103 Mn in Series D Led by Lightspeed
The Bengaluru-based audio entertainment platform aims to deploy the new capital to power global expansion, strengthen content library, and advance generative AI initiatives.