Indian startups made 24 deals from 9th December to 13th December. The amount raised from these deals was around $635.3 million in funding this week. The total funding amount increased by 155 percent compared to the last week. Funding activity saw an increase in India’s startup ecosystem this week as the number went from last week’s 249.6 million USD raised across 18 deals to 635.3 million USD from 24 deals.
The consumer service startup, Rebel Foods topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $218 million across two deals. Rebel Foods secured $210 million in its series G funding round from Evolvence and Temasek. The food tech firm offers a virtual restaurant network for food businesses. Consumer services also emerged as the most funded sector with 218 million USD raised across two deals. The Lending tech firm, Mintifi led the Fintech funding list with $100.1 million from Prosus, Teacher’s venture growth, and Premji Invest during its series E funding round.
The seed funding sector saw a 246 percent increase this week as it went from last week’s $4.9 million to this week’s $17 million. Fintech startups secured the highest deals and raised $148 million across five deals. The E-commerce sector had the same number of deals and raised $106 million Enterprise tech raised 46 million USD across four deals this week. Car Dekho led the funding list for the e-commerce sector this week. This car listing platform provides electric vehicles and related services. The startup secured $60 million during its fresh funding round from Navis Capital Partners and Dragon Fund.
Most of these startups were from fintech, e-commerce, enterprise tech, and edtech startups followed by consumer services and Cleantech startups like SolarSquare. Other major deals this week include. The edtech startup, K-12 Techno services $40 million during its fresh funding round from Piyush Gupta and Kenro Capital. Another edtech startup, FinX raised $6 million in its seed funding round from Elevat Equity. The deep tech firm Pixxel contributed $24 million in funding this week, as it secured this amount in its series B funding round from M&G Catalyst and Glade Brook Capital Partners. Inkers Technology led the Real estate Tech sector list, raising 3 million USD in its series A funding round from Ashish Kacholia.
Conclusion :
24 deals were made by Indian startups from December 9th to December 13th securing over $635.3 million in funding. Rebel Foods secured the biggest fund of $210 million from Temasek and Evolvence in its series G funding round and dominated the funding trend in the consumer services sector. Other notable investments include Mintifi which had the highest fundraising in the fintech sector with $100.1 million in its series E funding round.
Most of these startups were from the fintech, e-commerce, cleantech, edtech, and enterprise tech sectors, followed by consumer services startups like FirstClub, which raised $8 million in its seed funding round from Accel, Blume Founders Fund, RTP Global, and other investors. Fintech and e-commerce startups had the highest number of deals each with five deals.
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/
Disclaimer -We have collected this information from our direct sources, various trustworthy sources on the internet and the facts have been checked manually and verified by our in-house team.
0 Comments