Last Week Funding and M&A Updates (03 - 08 Feb 2025)

Hello Business Leaders,

Here’s your quick update on the biggest funding and M&A deals from the past week.

Let’s dive in! ??

Funding Highlights:

- 23 startups raised around $137 million.

- 5 growth-stage deals and 20 early-stage deals.

- 5 startups kept the transaction details undisclosed.

Growth-Stage Deals:

• Cashfree Payments secured $53 million in a Series C funding round led by KRAFTON.

• Dialysis service provider Apex Kidney Care Pvt Ltd secured $9 million in funding from Blue Earth Capital

• Women’s wellness and hygiene brand Nua secured $4 million in funding.

Early-Stage Deals:

- 13 startups secured funding worth $48.43 million.

• TrueFoundry raised $19 million in a Series A funding round to revolutionize AI deployment at scale.

• Cognida.ai secures $15 million to accelerate enterprise AI adoption.

• Followed by D2C brand HairOriginals , Astra Security , and Dreamfly Innovations

Series-Wise Deals:

- Seed funding deals are at the top with 9 deals.

- Followed by Series A, pre-seed, Series C, Series F and others.

Funding Trend:

- Weekly startup funding dropped 43.15% to $136.93 million compared to approximately $248.85 million raised the pervious week.

- 8-week average: $325.91 million with 25 deals per week.

Top M&A Deals:

• Perfios has acquired fraud detection platform Clari5 - A Perfios Company .

• Adar Poonawalla's family office acquires a 20% stake in auction house AstaGuru.

• Veefin Group acquires UAE-based trade finance marketplace TradeAssets .

What's New:

• Bhavish Aggarwal to invest ?2,000 Cr in Krutrim AI Labs.
• Careernet expands to the US, strengthening its executive search business.
• Great Learning launches two AI-driven tools—AI Mentor and AI Teacher.
• Aye Finance partners with Credgenics to optimize digital debt resolution.
• MediBuddy collaborates with Japan’s ELECOM to bring IoT-powered health devices to India.
• Ola Electric unveils its first EV bike, the Roadster X Series.
• Wealthtech startup Univest enters the broking segment.
• FlixBus & ETO Motors launch e-bus operations between Hyderabad & Vijayawada.

Other Top Stories:

• PhonePe Group exits the Account Aggregator business.
• Zomato board approves renaming the company to ‘Eternal’.
• GST authorities drop a ?5.91 Cr tax demand against Zomato.
• Shein makes a comeback in India through a Reliance Retail partnership.
• HDFC Bank Parivartan Start-Up Grants to provide ?20 Cr support to 50+ startups in FY25.

Thank you for reading this!

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