ETtech Deals Digest: Startup funding hits $334 million this week on late-stage investment in Perfios

Indian tech startups and emerging companies secured $334 million in funding this week, driven mainly by a substantial late-stage investment in the B2B SaaS firm Perfios, according to data from market intelligence firm Tracxn.

Funding activity was up 26% in the September 11-15 week, from $264 million raised in the corresponding week last year. However, it was flat on a sequential basis, rising a miniscule 1%.

The lion's share of late-stage funding during the week, amounting to $229 million, came from Keedara Capital's investment in Perfios, accounting for more than two-thirds of the overall funding activity.


Meanwhile, early-stage startups attracted $96 million in investments, while seed-stage funding was far lower at $9 million.

Here is a list of companies that got funded this week:

Perfios raises $229 million from Kedaara Capital: Business-to-business fintech software provider Perfios said it has raised $229 million from private equity investor Kedaara Capital. The capital raise, through the combination of a primary and secondary share sale, is expected to fuel the company’s global expansion across North America and Europe.

BL Agro invests Rs 500 crore in Leads Connect's agri-tech for farmers: Full-stack agri-tech firm Leads Connect announced that it has raised Rs 500 crores ($62.5 Million) from BL Agro Industries Ltd, an FMCG company, aiming to enhance its agro-tech stack that would provide more value to farmers.

Kale Logistics Solutions raises $30 million: SaaS logistics platform provider Kale Logistics Solutions announced the completion of its Series B funding, raising $30 million in a round led by Creaegis Advisors LLP, a digital and tech-focused private equity fund. The company had earlier raised a Series A investment from Inflexor Ventures in 2020.

Pee Safe raises $3 million: Pee Safe, a hygiene and wellness brand, has raised $3 million in a Series B funding round led by Natco Pharma Limited, and Rainmatter Health. Nithin Kamath and Nikhil Kamath, founders of Zerodha. Alkemi Growth Capital, an existing investor, also participated in the round.