Weekly enterprise capital (VC) funding into Indian startups peaked once more this 12 months within the second week of December, boosted by the offers of Insurgent Meals and Mintifi.
The overall weekly VC funding totalled $779 million reducing throughout 30 offers—the second-highest quantity of weekly funding raised this 12 months. This was a steep improve in comparison with the earlier week the place the determine was simply $158 million.
The best VC quantity raised on a weekly foundation for the 12 months was $872 million in June when Zepto raised a large $665 million.
The event this week was additionally stunning as the tip of the 12 months is mostly thought-about a lean interval for fundraising. Nevertheless, this era additionally noticed a large variety of transactions within the $40-million vary, which introduced the general funding quantity.
This week, the Indian startup ecosystem noticed transactions throughout all levels of funding. These present that the 12 months will shut on a excessive notice and units the stage for an optimistic 2025.
On the similar time, there have been additionally optimistic developments within the Indian startup ecosystem, particularly with corporations taking the general public route. Fintech firm Mobikwik acquired a really robust response for its IPO difficulty whereas Bluestone has filed its paperwork.
Key transactions
Cloud kitchen operator Insurgent Meals raised $210 million from Temasek and Evolvence.
Fintech startup Mintifi raised $180 million from Academics’ Enterprise Development (TVG), Prosus, and Premji Make investments.
Digital automotive platform CarDekho SEA raised $60 million from Navis Capital Companions and Dragon Fund.
Robotics startup Haber raised $44 million from Creaegis, BEENEXT, and Accel.
Omnichannel furnishings and residential decor retailer Picket Road raised Rs 354 crore (about $43 million) from Premji Make investments.
Cleantech startup SolarSquare raised $40 million from Lightspeed, Lightrock, Elevation Capital, Lowercarbon, Rainmatter, and Gruhas Proptech.
Edtech startup K12 Techno Providers raised $40 million from Kenro Capital.
Tech startup LambdaTest raised $38 million from Avataar Ventures and Qualcomm Ventures.
Spacetech startup Pixxel raised $24 million from M&G Catalyst, Glade Brook Capital Companions, Google, Radical Ventures, and Lightspeed.
Fintech startup Snapmint raised $18 million from Prudent Funding Managers, Perpetuity Ventures, and Pegasus Fininvest.
Training-focused non-banking finance firm (NBFC) Varthana raised $15 million (~Rs 120 crore) from BlueOrchard Microfinance Fund.
Avanti Finance raised $14.2 million (Rs 120 crore approx.) from Dia Vikas Capital, IDH Farmfit Fund, NRJN Household Belief, and Rabo Partnerships, and HNIs.
Healthtech startup DCDC Well being Providers raised Rs 82 crore ($9.6 million approx.) from British Worldwide Funding (BII).
D2C startup FirstClub raised $8 million from Accel, RTP World, Blume Founders Fund, Quiet Capital, 2am VC, and angel buyers.
Skilling platform FinX raised $6 million from Elevar Fairness.
