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News and Trends

Big Wins for Startups: Key Funding Highlights (Nov 30–Dec 6)

The first week of December saw the funding activity across a variety of sectors, showcasing the resilience and innovation of Indian startups. Here's a detailed roundup of the most notable deals from this period:

News and Trends

Orange Health Labs Secures USD 12 Mn Funding Led by Amazon Smbhav Venture Fund

The Bengaluru-based platform aims to deploy the fresh funds to accelerate product expansion, bolster team growth, and foster innovation in diagnostics.

News and Trends

Swish and Theranautilus Raise Early-Stage Funding

The Indian startups listed below have disclosed investment rounds.

News and Trends

The Good Glamm Group Completes 100% Acquisition of The Moms Co.

In October 2021, The Good Glamm Group had acquired a majority stake in The Moms Co. through a cash and stock deal, which resulted in partial exits for the brand's founders and full exits for investors like DSG Capital and Saama Capital.

News and Trends

Edtech Platform Eruditus Secures USD 150 Mn from TPG's The Rise Fund, Existing Investors Increase Stakes

The company plans to deploy the raised funds to expand globally, invest in AI technology, grow its business in India and APAC, and explore acquisitions and investment opportunities to support its growth strategy.

News and Trends

Simplismart Secures USD 7 MN Series A Funding Led by Accel to Scale Enterprise MLOps Platform

The funding will be used to enhance the company's R&D efforts and drive the growth of its enterprise-focused platform, which helps organisations fine-tune, deploy, and monitor machine learning models at scale.

News and Trends

AI-Driven Robotics Startup Haber Nets Raises USD 38 Mn Funding Led by Creaegis, with Support from Accel and BEENEXT

Founded in 2017 by Vipin Raghavan, Arjunan PN, and Priya Venkat, Haber Nets offers AI-powered industrial robots designed to streamline sample collection, measurement, analysis, and intervention tasks in factories.

News and Trends

JetSynthesys Welcomes Nikhil Kamath, Ankit Nagori, and Prashanth Prakash as Franchise Owners for GEPL Bengaluru Team

The second season of the league, which is set to take place in early 2025, will see Zerodha co-founder Nikhil Kamath, Curefoods founder Ankit Nagori, and Accel partner Prashanth Prakash stepping into the role of franchise owners.

News and Trends

Indifi Co-Founder Siddharth Mahanot Exits Indifi After 9 Years, Alok Mittal and Sangram Singh to Lead

After the changeover, it is anticipated that Sangram Singh, the recently appointed chief executive officer (CEO), and another Co-founder, Alok Mittal, will take on leadership roles.

News and Trends

Myntra and Cultfit Co-Founder Mukesh Bansal's Nurix AI Raises USD 27.5 Mn From Accel and General Catalyst

The Bengaluru-based startup will use the raised capital to enhance technology, expand R&D, and scale operations in Asia and North America, focusing on partnerships with AI hardware and product companies.

News and Trends

Accel and Beenext Back Data Intelligence Platform e6data with USD 10 Mn Series A to Drive Data Platform Innovation

The California-and Bengaluru-based startup plans to use the funds to enhance its research and development (R&D) efforts, expand client onboarding, and scale its hiring.

News and Trends

Accel Launches Accel Atoms 4.0 to Empower Pre-Seed Startups

Accel Atoms 4.0 is a three-month hybrid program for pre-seed startups, offering up to USD 1 million in funding and perks valued over USD 5 million. Participants access Accel's global network of 200+ founders, mentors, and customers.

News and Trends

Accel Leads USD 9 Mn Series B Round for Sustainable Luggage Brand uppercase

The funding will accelerate uppercase's expansion, enhancing its presence across India by increasing its offline footprint in major metros and solidifying its market position in eco-friendly travel gear.

News and Trends

The Best Startup Funding This Week: July 27–Aug 2

Here is a list of the startups that have raised the most money this week, from July 27 to Aug 2.

News and Trends

Wedding Services Startup Meragi Raises USD 9.1 Mn in Series A Round Led by Accel

The Bengaluru-based startup aims to deploy the raised funds towards expanding into new markets, launching new business verticals, and enhancing technology solutions for customers.