The learning platform also earns income through non-operating services contributing Rs 19 crore. This increased the company’s total revenue to Rs 370 crore in FY24. Product sales accounted for 79 percent of the total income and increased by 35 percent to Rs 276 crore in the same period. This edtech unicorn provides educational resources to schools, smart classes, workbooks, teacher manuals, ERPs, and more. The company works closely with 8,000 schools in over 400 cities. 

The startup has secured over 180 million USD across multiple funding rounds since its inception, including $100 million raised during its round led by WestBridge Capital. Following this round in 2022, the firm received its unicorn status and joined the unicorn club. The company’s existing investor Westbridge Capital is the firm’s largest stakeholder with a 27.58 percent stake followed by Elevar Equity. Sumeet Mehta and Smita Deorah, the co-founders of LEAD account for 32.7 percent stakes in the company.

The Mumbai-based startup provides services to various educational institutes. The cost of products stood at Rs 126 crore in FY24. The advertisement, donations, legal, and other overhead expenses decreased in this financial year. The firm’s total expenditure also decreased by 16.9 percent and stood at Rs 513 crore in the same duration. The company also noticed a 28.6 percent increase in scale. The company aims to improve its services and strengthen its position in the edtech market. 

The startup posted a 39 percent decrease in its employee benefits which stood at Rs 174 crore in FY24. This cost accounted for 34 percent of the overall expenses. The company controlled its losses by 55.6 percent to Rs 143 Crore for this financial year. LEAD achieved a positive EBITDA in the first quarter of the ongoing financial year FY25. The EBITDA margin improved and stood at -15.68 percent in FY24 while the ROCE was around -46.9 percent in the same duration. LEAD faces competition from other online education service providers such as PowerSchool, Uolo, and Teachmint.

Conclusion :

The edtech unicorn LEAD announced a 28.6 percent growth in its revenue from operations to Rs 351 crore in FY24. This Mumbai-based company provides education services and an integrated school system. These platform services and product sales are the firm’s primary sources of revenue. The company posted a 55.6 percent cut in its losses to Rs 143 crore in FY24.

Employee benefit expenses decreased by 39 percent to Rs 174 crore in the same duration. The company has secured over 180 million USD across multiple funding rounds and competes with other education services offering platforms like Teachmint.

Niraj Kumar

Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.

Reach us: niraj@scoopearth.com

Linkedin Profile:  https://www.linkedin.com/in/digitalnirajj/

www.scoopearth.com/

The firm also earns income through non-operating services like interest on deposits. This contributed Rs 14 crore to the total revenue and pushed the overall revenue to Rs 199 crore in FY24. The firm also receives revenue through hostel fees and e-learning projects. However, the net loss was reduced by 57.9 percent to Rs 157 crore in the same duration. The book sales increased by three times to Rs 9 crore in FY24. The company has launched several offline coaching centers for classes 6 to 12 and competitive exams.

The Bengaluru-based startup provides certified tutors from known institutes like IIT Bombay and BITS Pilani. The firm offers flexible-hour and monthly based pricing plans for subscriptions. The online platform uses cutting-edge technologies to create quality content and a seamless learning experience. The legal, information technology, and other expenses declined in FY24. Advertisement cum promotional cost saw a 70 percent decline to Rs 23 crore in the same duration. 

Vedantu has secured over 326 million USD across multiple funding rounds since its inception, including 2.3 million USD raised during its mix of equity and debt funding round from Stride Ventures. The company receives its investment from investors including Tiger Global, GGV Capital, Westbridge, and Coatue. This edtech platform provides users with live tutoring classes and instructors with personalized coaching options. The company aims to improve its platform and offer innovative learning solutions to position itself well in the edtech market. 

Employee benefits account for 47 percent of the total expenses and decreased by 43.8 percent to Rs 176 crore in FY24. The company managed to control its losses for this financial year through cost-cutting measures. The firm’s total expenditure declined by 33.5 percent and crossed Rs 368 crore in FY24. The EBITDA margin also improved to -51.8 percent while ROCE was around -37 percent in this financial year. Vedantu faces competition from other edtech platforms such as BYJU’S, Physics Wallah, and Top Rankers.

Conclusion:

The edtech unicorn, Vedantu announced a 20.9 percent increase in its revenue from operations to Rs 185 crore in FY24. This online platform provides live classes with study materials for competitive exams and grades 6 to 12 students.

The sale of books and online tutoring services is the firm’s primary source of revenue. The loss also decreased by 57.9 percent to Rs 157 crore in FY24. The employee benefits decreased by 43.8 percent to Rs 176 crore in FY24. The company has secured over 326 million USD across multiple funding rounds.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

Linkedin Page : https://www.linkedin.com/company/scoopearth-com/

www.scoopearth.com/

The firm also earns income through both online and offline coaching centers bringing the total revenue to Rs 1,547 crore in this financial year. The startup provides hybrid skilling programs, boot camps, and certifications for several courses, including doctorate programs and diplomas, in partnership with top universities. UpGrad has secured over 320 million USD across multiple funding rounds since its inception, including $60 million raised during its fresh funding round led by Temasek and other investors at a post-money valuation of 2.25 billion USD. 

The Mumbai-based startup provides courses for academic subjects, skill learning, competitive exam preparation, and more. The online platform uses advanced technologies to offer quality content and the best learning experience. This edtech startup provides users with various learning courses. Marketing, advertisement, and other expenses decreased compared to last fiscal year. The delivery cost also decreased and stood at Rs 340 crore in FY24. However, the product and technology expenses increased to Rs 77 crore in the same duration.

UpGrad posted a 50 percent growth compared to last fiscal year with its partners from industries including automobiles, GCCs, BFSI, manufacturing, and more. The firm offers an online platform to connect learners with different fields by providing a wide range of courses. The startup data intelligence platform, thekredible’s report shows that the existing investor, Temasek is the firm’s largest external stakeholder with 20.5 percent stake owned. UpGrad’s co-founder, family, and chairperson follow closely with 25 percent of the firm’s stake. 

The company aims to improve its platform and offer innovative learning solutions to strengthen its position in the edtech market. The startup reported that the application has over 55,000 career transitions for this year. The firm controlled its losses by 50.6 percent to Rs 560 Crore for this financial year. The employee benefit cost increased and crossed Rs 711 crore in FY24. The EBITDA loss also improved and decreased by 50 percent to Rs 285 crore in FY24. UpGrad faces competition from other online skill and learning service providers such as Eruditus.

Conclusion :

The skilling and learning platform offering edtech startup UpGrad announced its gross revenue of Rs 1,876 crore in FY24. This online platform provides several learning solutions including test preparations, UG/PG courses, skill learning, and academic subjects. These online courses, certificates, and subscription services are the firm’s primary sources of revenue.

The loss also decreased by 50.6 percent to Rs 560 crore in FY24. The AI and technology courses were 20 percent of the total revenue for this fiscal year. The company has secured over 320 million USD across multiple funding rounds to date.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

Linkedin Page : https://www.linkedin.com/company/scoopearth-com/

www.scoopearth.com/

The company offers a platform to provide solutions for schools and pre-schools. Kreedo provides a curriculum to help children develop numeracy, literacy, and other skills. The company collaborates with several private schools to offer quality content, and practical learning experiences to transform early learning delivery. The platform uses a 6T learning framework comprising teamwork, play-based learning with toys, teacher training, theory, timetable, and technology. 

Since its inception, the company has secured around 6.3 million USD across two funding rounds, including $2.3 million raised from Gray Matters Capital, Spectrum Impact, and other investors during its seed funding round in 2022. Kreedo previously received an investment of $4 million during its series A funding round from Heritas Capital and UBS Optimus Foundation. The firm has over 11 institutional investors including Gray Matter Capital, UBS, and 1 Crowd. 

The Bengaluru-based startup posted a 35 percent increase in its revenue for the past three years. The firm received the investment from Recur Club, a capital platform that provides companies with debt capital and a capital expert. Recur Club has investors including Rage Coffee, Ustraa, Kek HR, and more. The company competes with debt financing platforms like Velocity and Getvantage. This latest funding round highlights the Recur Club’s trust in Kreedo’s market potential and business model in this sector. The startup increased the number of children benefiting from its platform from 55,000 to 1,40,000 within one year.

The company plans to use some of this investment and expand its offerings across more geographies in India. The edtech firm focuses on improving education in 350,000 affordable private schools across the country. This investment will enable the startup to enhance its online learning platform with cutting-edge and advanced technologies. The company faces competition from other edtech platforms including KidsStar, Melrose Education, and Sudiksha Knowledge Solutions. The development came after the edtech sector saw an increased investor interest. 

Conclusion :

Edtech startup Kreedo secured Rs 10 crore from Recur Club in its latest debt funding round. The round might had participation from the firm’s existing investors. The startup intends to use this fresh capital to expand its business, scale its operations, and enhance its performance capability. The company aims to introduce new categories while improving education across India. 

The company provides an online learning platform for private schools and preschool students. The edtech startup raised around 6.2 million USD from two funding rounds since its inception, excluding the latest funding round. Kreedo securing this amount highlights the investor interest and market potential of the firm. The investment shows the trust of Recur Club in the company’s market potential and business model.

Deepika Khare

Deepika Khare is a seasoned entrepreneur with 10 years of experience across diverse industries, including technology, startups, and business. She has a profound understanding of content marketing strategies and journalism, allowing her to create impactful and result-driven content. With expertise in the startup ecosystem, digital marketing, business coaching, and mentoring, she excels at crafting compelling narratives, optimizing content for engagement, and positioning brands for long-term success in the ever-evolving digital landscape.

Reach us: deepika.khare@scoopearth.com

Linkedin Profile :  https://www.linkedin.com/in/deepika-khare/

www.scoopearth.com/

The firm also earns income through non-operating services and product sales. The interest income contributed 99 percent to the overall income and stood at Rs 3,215 crore for this FY24. The company’s revenue was largely generated from service income while Rs 8 crore was made via product sales which increased the total revenue to Rs 3,473.2 crore in this financial year. The startup uses artificial intelligence and advanced technologies to provide students with a seamless learning experience.

The Kota-based startup has secured around 601.4 million USD across two funding rounds since its inception, including $600 million raised during its series D funding round from Bodhi Tree Systems. The company received 1.04 million USD as prize money from the European Union in 2019. Allen Career Institute has around three institutional investors including Brand Capital, European Union, and Bodhi Tree Systems. The company plans to acquire edtech startup Unacademy and develop an innovative edtech platform that can provide the best end-to-end learning experience.

The coaching company provides educational courses for academic subjects, test preparation, and competitive exams. The firm provides users with various video courses on subjects including Mathematics, Physics, Chemistry, and Biology. The cost of materials increased by 74.2 percent to Rs 123.5 crore in FY24. The marketing expenses also saw a 2.3 times increase and stood at Rs 117.9 crore in the same duration. 

The startup offers its services across India and plans to expand its brand presence globally. The company’s total expenditure increased by 63.2 percent and crossed Rs 3,252 crore for this financial year. The firm managed to control its expenses and noticed a 44.2 percent decrease in its loss to Rs 135.92 crore in this financial year.

Meanwhile, employee Benefits increased by 68 percent and stood at Rs 1,958 crore in the same period. The EBITDA margin stood at 18.14 percent while ROCE was around 9.26 percent in FY24. Allen faces competition from other coaching institutes like Career Launcher, MT Educare, and Resonance Eduventures.

Conclusion :

Allen Career Institute announced a 42 percent increase in its operational revenue to Rs 3,244.7 crore in FY24. The firm provides offline coaching for competitive exams and engineering entrance exam preparations. These courses through offline learning centers and interest income are the firm’s primary sources of revenue. 

The firm’s total expenses increased by 63.2 percent to Rs 3,252.2 crore in this financial year. The employee benefits were the largest expense for this fiscal year. This cost grew by 68 percent to Rs 3252 crore in FY24. The loss decreased by 44.2 percent and stood at Rs 135.92 crore in the same duration.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

Linkedin Page : https://www.linkedin.com/company/scoopearth-com/

www.scoopearth.com/

The firm also earns income through non-operating services which contributed Rs 18.47 crore. This increased the company’s total revenue by 17 percent to Rs 447.67 crore in FY24. The product sales accounted for 40.01 percent of the total income and increased by 46.5 percent to Rs 171.72 crore in this financial year. This edtech startup provides solutions for curriculum design and school operations. 

The startup has secured over 177 million USD across twelve funding rounds since its inception, including $11 million raised during its series B funding round led by Kedaara. The data intelligence platform, tracxn mentioned that the company’s post-money valuation was around 476 million USD in September 2023.  The company claims to operate over 90 orchids school branches with six verticles including sparklebox and Eduvate. 

The Bengaluru-based startup provides services to various educational institutes. The cost of materials increased by 23 percent and crossed Rs 89.2 crore in FY24. The advertisement cost saw a 20.5 percent decline to Rs 58.86 crore while the depreciation cost increased by 64.4 percent to Rs 58.69 crore in this financial year. The firm’s total expenditure also increased by 8.5 percent and stood at Rs 457.2 crore in the same duration. 

The company aims to improve its services and offer innovative edtech solutions to position itself well in the edtech market. The startup posted a 28.2 percent increase in its employee benefits which stood at Rs 173.38 crore in FY24. This cost accounted for 37.92 percent of the overall expenses. The company controlled its losses by 75.3 percent to Rs 9.56 Crore for this financial year.

K12 Techno Service achieved a positive EBITDA of Rs 80.37 crore in the last financial year. The startup also offers e-commerce stores, teacher training, and marketing services. The EBITDA margin stood at 17.95 percent in FY24 while the ROCE was around 1.69 percent in the same duration. K12 Techno Services faces competition from other online education service providers such as ACT, and NSPIRA. 

Conclusion :

The edtech startup K12 Techno Services announced a 19.8 percent growth in its revenue from operations to Rs 429.2 crore in FY24. This Bengaluru-based company provides education services and solutions including curriculum design, study materials, and other services to schools. These services and product sales are the firm’s primary sources of revenue.

The company posted a 75.3 percent decrease in its losses to Rs 9.56 crore in FY24.  Employee expenses increased by 28.2 percent to Rs 173.38 crore in the same duration. The company has secured over 177 million USD across multiple funding rounds and competes with other education services offering platforms like NSPIRA.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

Linkedin Page : https://www.linkedin.com/company/scoopearth-com/

www.scoopearth.com/

Entrackr mentioned in its report that software solutions are the company’s primary source of revenue. These sales increased by 56 percent to Rs 12.5 crore accounting for 73 percent of the operating revenue in FY24. Teachmint also earns income through subscription services and the sale of devices like biometrics, GPS devices, and interactive flat panels. The Lightspeed-backed firm has secured over $118 million across multiple funding rounds since its inception, including $78 million raised during its series B funding round at a valuation of $500 million from Rocketship, Vulcan, and other investors.

The data intelligence platform, tracxn mentioned that the company’s post-money valuation is around 483 million USD as of March 2023. The platform offers student information management, student progress tracking solutions, and more. The startup also provides online learning courses with a seamless user experience. The company reported a total current asset of Rs 44 crore including cash and bank balances of Rs 34 crore in the last financial year.

The firm’s total expenditure decreased by 26.6 percent to Rs 160 crore in FY24. The startup reported a 39.2 percent decrease in its losses of Rs 110 crore in the same duration. Meanwhile, employee benefits also saw a 21.2 percent decrease in this financial year. The IT expenses were reduced by 9.1 percent while the marketing cost also saw a 63.6 percent decrease in FY24. The company managed to control its losses by reducing operating expenses and employee benefits.

The startup has around 23 institutional investors including Learn Capital, Vulcan, and Light Speed India. The report by Tracxn mentioned that the existing investor Lightspeed Venture Partners is the firm’s largest institutional investor. The EBITDA margin stood at -198 percent while the ROCE was around -24.77 percent. The company plans to improve its business model while offering innovative solutions to position itself well in the global edtech market. Teachmint faces competition from other SaaS platforms in the edtech market segment such as Educomp, and Smart Technologies.

Conclusion :

The edtech platform Teachmint announced a two-fold increase in operational revenue to 17.1 crore in FY24. This startup offers online teaching and management solutions with features like student progress tracking and virtual classrooms. The sale of devices and education software solutions through subscription services is the firm’s primary source of revenue. The loss decreased by 39.2 percent to Rs 110 crore in FY24. 

The total expenditure of the firm increased by 26.6 percent and crossed Rs 160 crore in the same duration. The company managed its losses for this fiscal year by minimizing its operating and employee expenses. The company has secured over 118 million USD across multiple funding rounds to date.

Niraj Kumar

Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.

Reach us: niraj@scoopearth.com

Linkedin Profile:  https://www.linkedin.com/in/digitalnirajj/

www.scoopearth.com/

Entrackr mentioned in its report that the firm also earns income through the sale of products and interest on financial assets. The startup data intelligence platform, thekredible mentioned that the operating revenue for the firm increased by 2.6 times in FY24. The company’s revenue was largely generated from educational services while Rs 74.64 crore were made via interest and gain on financial assets which increased the total revenue to Rs 2,015 crore in this financial year. Entrackr reported.

The startup has secured around 312 million USD across two funding rounds since its inception, including $210 million raised during its series B funding round led by GSV Ventures, Lightspeed Venture Partners, Hornbill Capital, and WestBridge Capital. The data intelligence platform, tracxn mentioned that the company’s post-money valuation is around 2.72  billion. 

The Noida-based edtech firm provides courses for academic subjects, test preparation, and more. The online platform uses advanced technologies to offer quality content. This edtech startup provides users with various video courses on subjects including Physics, Mathematics, Chemistry, and Biology. The advertisement and promotional expenses saw a 70.8 percent decrease to Rs 19.56 crore in FY24. 

The total expenditure of the firm also saw an increase of 280.4 percent and stood at Rs 3,279 crore in the same period. The company aims to improve its platform and offer innovative learning solutions to strengthen its position in the global edtech market. Physics Wallah faces competition from other online learning service providers such as Byjus, Vedantu, and Gostudent.

The startup failed to control its losses and noticed a 346.4 percent increase to Rs 375 crore in this financial year.  Employee Benefits accounted for 35.3 percent of the total expenses and stood at Rs 1,159 crore in the same period. The EBITDA margin stood at -44.70 percent while ROCE was around -85.84 percent in FY24. 

Conclusion :

The Noida-based edtech unicorn PhysicsWallah announced a 160.7 percent increase in its operational revenue to Rs 1,940.4 crore in FY24. This online coaching and learning service platform provides several learning courses, including engineering entrance exam preparations and academic subjects. These courses through both online and offline learning centers are the firm’s primary sources of revenue. 

The loss also increased by 346.4 percent to Rs 375 crore in FY24. The firm’s total expenses increased by 28.0.4 percent to Rs 907 crore in the same duration. The startup plans to minimize its losses by reducing operating and employee expenses. The company has secured over 312 million USD across multiple funding rounds.

Deepika Khare

Deepika Khare is a seasoned entrepreneur with 10 years of experience across diverse industries, including technology, startups, and business. She has a profound understanding of content marketing strategies and journalism, allowing her to create impactful and result-driven content. With expertise in the startup ecosystem, digital marketing, business coaching, and mentoring, she excels at crafting compelling narratives, optimizing content for engagement, and positioning brands for long-term success in the ever-evolving digital landscape.

Reach us: deepika.khare@scoopearth.com

Linkedin Profile :  https://www.linkedin.com/in/deepika-khare/

www.scoopearth.com/

Entrackr mentioned in its report that the firm also earns income through the universities or corporate clients that pay for these services. The company saw a 22 percent decrease in its losses to Rs 52.63 crore in FY24. The overall gross revenue generated was around Rs 58.22 crore. This includes money from interest and gains on financial assets worth Rs 4.91 crore. The company has secured over 6.07 million USD across two funding rounds since its inception, including $876k raised during its series A funding round from Info Edge. The data intelligence platform, tracxn mentioned that the company’s post-money valuation was around $66.6 million in October 2022.

The Delhi-based startup provides coding courses designed to help students master competitive programming and data science along with the interview preparations. The online platform uses advanced technologies to provide the best learning experience. This edtech startup provides users with various computer language courses based on software design and application. The employee benefits increased the total costs by 6.64 percent to Rs 53.61 crore in FY24. The total expenditure of the firm increased by 12.2 percent to Rs 109.2 crore in the same duration.

The startup data intelligence platform, thekredible mentioned that Info Edge invested around $22 million in the firm across three funding rounds. Info Edhe increased its stake to 51 percent in Coding Ninjas with the investment worth $17 million. The legal and professional charges increased by 200 percent to Rs 10 crore in FY24. The promotional and advertising expenses account for 22.4 percent of the total expenditure and saw a 15.5 percent decline to Rs 26.69 crore in the same duration. The EBITDA margin also stood at -72.45 percent while the ROCE was around -337.30 percent. 

Conclusion :

Coding Ninjas announced a 3.4 percent increase in its operational revenue to Rs 53.3 crore in FY24. This online coding and placement offering platform provides computer language courses including Java, Python, etc. These coaching services and interest or gain on financial assets are the firm’s primary sources of revenue.

The profit also decreased by 21.9 percent to Rs 52.63 crore in FY24. The total expenditure of the firm saw a 12.2 percent growth and crossed Rs 109.2 crore in the same duration. The company has raised around $6.07 million across two rounds since its inception. Coding Ninjas faces competition from other programming bootcamp and online coaching platforms such as Kenzie, Thinkful, and more.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

Linkedin Page : https://www.linkedin.com/company/scoopearth-com/

www.scoopearth.com/

The Edtech startup, Physics Wallah topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $210 million across one deal. Physics Wallah secured $210 million in its series B funding round from Hornbill investors and other investors.

The company provides an online coaching platform for IIT/JEE and other courses including offline coaching institutes. iBUS led the enterprise tech sector with $34 million raised during its fresh funding round from IFC. Another Enterprise tech startup Vahan.ai secured $10 million during its series B funding round from Khosla Ventures.

The seed funding sector saw a huge decline this week as it went up from last week’s $24.9 million to this week’s $2.3 million. Enterprise tech secured the most deals and raised $46.3 million across three deals. The Fintech sector also reported the same number of deals and raised $45.6 million. The travel tech sector emerged as the second favorite of investors this week as it raised $35 million across two deals. Aye Finance, the lending tech platform offering financial solutions secured $30 million during its series G funding round from British International Investments.

Most of these startups were from enterprise tech, fintech, and travel tech sectors followed by edtech, deep tech, and health tech startups like Redcliffe Labs. Other major deals this week include. A travel tech startup, Everest Fleet raised $30 million from the ride-hailing platform Uber during its series C funding round with the participation of other investors.

The deep tech startup Big Bang Boom contributed $30 million in funding this week, as it raised $30 million in its new funding round from Mumbai Angel Network and others.  DailyObjects led the list in the e-commerce sector with $10 million raised in its series B funding round from 360 ONE Asset and Roots Ventures.

Conclusion :

22 deals were made by Indian startups from September 16th to September 21st securing over $447.5 million in funding. Physics Wallah secured the biggest amount, buoyed by $210 million raised in its series B funding round it dominated the funding trend in the ed-tech sector. Other notable investments include the Redcliffe Labs which had the highest fundraising in the health tech sector with $42 million in its series C funding round.

Most of these startups were from the enterprise tech, fintech, and e-commerce sectors followed by deep tech startups like Big Bang Boom which raised $30 million in its fresh funding round. Enterprise tech and fintech startups had the highest number of deals and raised $46.3 million and $45.6 million from three deals respectively.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

Linkedin Page : https://www.linkedin.com/company/scoopearth-com/

www.scoopearth.com/