This page is Kalpway’s record of the Indian startup funding rounds we reported in August and September 2024: 30 rounds, 29 of them with a disclosed amount, plus 4 related deals that were not startup funding rounds. It replaces our individual reports from that period, which now redirect here.
What this is not. It is not a complete count of Indian startup funding for the period. It records what Kalpway covered, which is a subset of the market. Anyone publishing a market total owes you a definition of what they counted; ours is at the foot of this page.
The rounds
Amounts appear exactly as reported at the time, in the currency the original announcement used. Oldest first.
| Reported | Company | Amount | Stage | Lead investor | Sector |
|---|---|---|---|---|---|
| 2024-08-21 | E2E Networks Ltd. | Rs 420.51 crore | Strategic | — | AI-focused cloud infrastructure |
| 2024-08-21 | LLUMO AI | $1 million | Seed | SenseAI Ventures | AI and LLM optimization |
| 2024-08-22 | Bluestone | INR 900 Cr | Pre-IPO | — | Omnichannel jewellery retail |
| 2024-08-22 | Uppercase | $9 million / INR 75 Cr | Series B | Accel | Eco-friendly travel gear |
| 2024-08-27 | Goodveda | $1 million | — | — | D2C Ayurvedic wellness |
| 2024-08-28 | Convin | $6.5 million | Series A | India Quotient | AI conversation intelligence |
| 2024-08-29 | Laiqa Wellness | ₹15 crore | Seed | IvyCap Ventures | Femtech, women's health |
| 2024-08-30 | Medront | INR 1.06 crore | Pre-seed | Inflection Point Ventures | Personal data management |
| 2024-08-31 | AGRIM | $17.3 million / ₹145 crore | Series B | Asia Impact | B2B agri-inputs platform |
| 2024-08-31 | The Hive Hostels | ₹11.5 crore | Pre-IPO | — | Student housing, co-living |
| 2024-09-01 | Blue Tokai | $35 million | Series C | Verlinvest | Specialty coffee retail |
| 2024-09-02 | Clean Electric | ₹48.5 crore / approximately $6 million | Series A | Info Edge; Pi Ventures | EV battery energy storage |
| 2024-09-02 | Mintifi | $100 million | — | Ontario Teachers' Pension Plan (OTPP) | B2B digital lending |
| 2024-09-03 | Nutrabay Retail Private Limited | $5 million | Series A | RPSG Capital Ventures | D2C sports nutrition |
| 2024-09-05 | The Hosteller | $4 million / about ₹32 crores | Series A | — | Budget hostel hospitality |
| 2024-09-06 | RecommerceX | $3.6 million | — | Accel; Kae Capital | Recycling and sustainability |
| 2024-09-07 | 0xPPL | Not disclosed | — | — | Crypto social networking |
| 2024-09-07 | Slikk | USD 300K | Pre-seed | Better Capital; Untitled Ventures | Fashion delivery app |
| 2024-09-07 | Valyx | USD 800K | Pre-seed | Huddle Ventures; Waveform Ventures | B2B financial management |
| 2024-09-12 | Crackle Technologies | $1.7 million / approximately INR 14 crore | Pre-seed | We Founder Circle; AC Ventures | Programmatic ad tech |
| 2024-09-14 | Newmi Care | $1.5 million / Rs 12.6 crore | Seed | Sprout Venture Partners | women's health and wellness |
| 2024-09-18 | Bluecopa | $1.8 million | Pre-Series A | Blume Ventures; Dallas Venture Capital; Venture Catalysts | FinOps automation |
| 2024-09-18 | Proxgy | $2.2 million / Rs 18.51 crore | — | Manish Patel | IoT workplace safety deep-tech |
| 2024-09-20 | PhysicsWallah | $210 million | Series B | Hornbill Capital | edtech |
| 2024-09-25 | Atomicwork | over $3 million | Seed | — | enterprise service management AI |
| 2024-09-25 | Nurix AI | $27.5 million | Seed | Accel; General Catalyst | enterprise AI agents |
| 2024-09-26 | Ahammune Biosciences | $5 million | Series A | Pi Ventures | dermatology biotech |
| 2024-09-26 | Jhana | $1.6 million | Seed | Together Fund (Girish Mathrubootham, Manav Garg) | legal tech AI |
| 2024-09-29 | First Coffee | $1.2 million | Seed | BEENEXT | specialty coffee QSR |
| 2024-09-30 | Zintlr | Rs 7.5 crore | Seed | Om Jain | B2B sales intelligence SaaS |
Where the original reports need a caveat
Re-reading this archive turned up figures the original coverage hedged, or that do not add up. We are leaving them visible rather than quietly tidying them away:
- E2E Networks Ltd. (2024-08-21): Preferential issue at INR 1694.50/share; no investor named; InCred Capital advised
- Bluestone (2024-08-22): Sourced to ET reports; valuation up to $970 Mn; INR 600 Cr primary, rest secondary
- Uppercase (2024-08-22): Total funding now INR 150 Cr; rival D2C luggage rounds cited for context
- Goodveda (2024-08-27): Intention to raise only; no round closed and no investors named
- Convin (2024-08-28): Its LLM 'reported to outperform' GPT-4 Turbo; claim unsourced
- AGRIM (2024-08-31): Says revenue 'nearly tripled' ₹64.6cr to ₹157.36cr; that is about 2.4x
- The Hive Hostels (2024-08-31): Sixth Sense Ventures Partners listed as an angel investor; IPO timing vague
- Blue Tokai (2024-09-01): FY23 revenue Rs 127.45 crore, loss Rs 43 crore, sourced to TheKredible
- Clean Electric (2024-09-02): Claims nearly $9M raised to date; rounds it lists sum to about $8.2M
- Mintifi (2024-09-02): Body says round 'is closing'; headline claims it is secured
- Nutrabay Retail Private Limited (2024-09-03): Dexter Capital Advisors was exclusive financial advisor, not an investor
- The Hosteller (2024-09-05): Valuation around ₹200 crore / $25 million; 'Series A' appears only in headline
- 0xPPL (2024-09-07): Balaji Srinivasan, Yakovenko, Nailwal named investors but round role unclear
- Slikk (2024-09-07): Akshay Gulati described only as having 'funded this platform'
- Valyx (2024-09-07): Headline's USD 800K is Valyx's figure alone, not a combined total
- Crackle Technologies (2024-09-12): Body says co-led by We Founder Circle; title credits AC Ventures alone
- Newmi Care (2024-09-14): Rupee figure hedged as roughly Rs 12.6 crore
- Bluecopa (2024-09-18): Round described as co-led by all three investors
- Proxgy (2024-09-18): Per regulatory filings; values Proxgy at about Rs 140 crore
- PhysicsWallah (2024-09-20): Valuation $2.8 billion, up from $1.1 billion; pre/post not specified
- Atomicwork (2024-09-25): Strategic round; no new VC investors; total raised now over $14 million
- Nurix AI (2024-09-25): Article does not say which of the two led the round
Related deals that were not startup funding rounds
These were filed under funding news at the time. They are different kinds of event, and counting them as venture rounds would inflate any total.
| Reported | Company | What it was | Amount | Detail |
|---|---|---|---|---|
| 2024-09-12 | Nazara Technologies | Acquisition / stake purchase | Rs 18.4 crore | 15.86% stake in GetStan Technologies; all-cash secondary via Nazara Dubai FZ |
| 2024-09-16 | Northern Arc Capital | IPO step | Rs 229 crore | Anchor book: 87.02 lakh shares to 15 entities at Rs 263 |
| 2024-09-20 | z21 Ventures | VC fund close | $20 million | Partial close of a $40 million second fund, not a startup round |
| 2024-09-30 | Wakefit | Financial results | Not disclosed | Not a funding round: FY24 revenue INR 1,017 Cr, EBITDA INR 65 Cr |
Method, and why there is no total
What is counted. Every round Kalpway published a report on during August and September 2024, one row per company. Where a single report covered several companies, each company gets its own row.
What is not counted. Rounds we did not cover. Acquisitions, IPO steps, listed-company placements, VC fund closes and results announcements are listed separately and excluded from the round count.
Why there is no aggregate figure. These amounts mix dollars and rupees, reported on different dates at different exchange rates, and several are hedged in the original source. Adding them would produce a number we could not defend if you asked how we arrived at it. A total you cannot check is worse than no total.
Verification status. Every figure is as reported at the time of our original coverage. These rows have not been re-verified against company filings or announcements, and some of the originals relied on secondary reporting. Treat this as a record of what was reported, not as confirmed transaction data. Our data methodology explains the labels we use.
This register consolidates 34 individual Kalpway reports from August and September 2024. The original articles redirect here. Compiled 11 October 2026.
For current coverage, see Kalpway Funding News. For how the process works, read our guide to how startup funding works in India.
