Startups funding December 2024: ETtech Deals Digest: Startups raise $1.19 billion in December, down 22% on-year

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Startups raised about $1.19 billion in funding between December 1 and 27, a 22.2% decrease compared to $1.53 billion across 158 rounds during the same month last year.

ETtech

In December, funding came through 73 rounds, compared to the $2.13 billion raised across 87 rounds in November, according to data from private market intelligence platform Tracxn.During the week of December 21 to 27, startups raised around $43.4 million, driven primarily by online meat and seafood platform data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/funding/online-meat-startup-captain-fresh-raises-rs-100-crore-from-motilal-oswal-wealth/articleshow/116717600.cms” data-type=”tilCustomLink” target=”_blank”>Captain Fresh’s fundraise of Rs 100 crore (around $12 million) from Motilal Oswal Wealth.

Top deals of the month:

Rebel Foods: Singapore’s sovereign fund data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/funding/temasek-leads-210-million-funding-in-rebel-foods/articleshow/116239414.cms” data-type=”tilCustomLink” target=”_blank”>Temasek led a $210 million funding round in Mumbai-based Rebel Foods, parent of Faasos, Behrouz Biryani and other cloud kitchen brands.

Discover the stories of your interest

Most active VCs this week_01-27 Dec, 2024_ETTECHETtech

Mintifi: Mumbai-based lending platform data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/funding/mintifi-bags-180-million-from-prosus-ontario-teachers-premji-invest-in-mix-of-primary-secondary-capital/articleshow/116178043.cms” data-type=”tilCustomLink” target=”_blank”>Mintifi secured $180 million in a fresh equity funding round. New investors PayU parent Prosus and Ontario Teachers’ Pension Plan (OTPP) pumped in $80 million each into the company, with another $20 million being invested by Premji Invest, an existing investor.Vastu Finance: Prosus, the Dutch-listed technology investment arm of Naspers data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/after-swiggy-prosus-eyes-more-india-ipos-invests-in-mintifi-vastu-finance/articleshow/115895388.cms” data-type=”tilCustomLink” target=”_blank”>invested $100 million in housing finance company Vastu Finance for an 8.4% stake.

Top funding rounds during_01-27 Dec, 2024_ETTECHETtech

Zetwerk: Contract manufacturing startup data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/funding/zetwerk-raises-70-million-from-khosla-ventures-others/articleshow/116254625.cms” data-type=”tilCustomLink” target=”_blank”>Zetwerk has raised an additional $70 million in fresh capital, bringing the total funding to $100 million in this round. The funding was led by Silicon Valley-based Khosla Ventures and Indigo airline founder Rakesh Gangwal.

CarDekho: Automotive solutions provider data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/industry/auto/auto-news/cardekho-sea-raises-60-million-from-navis-capital-dragon-fund/articleshow/116200625.cms” data-type=”tilCustomLink” target=”_blank”>CarDekho’s South Asia business unit (SEA) raised $60 million in a funding round led by Navis Capital Partners and Dragon Fund.



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Startups funding December 2024: ETtech Deals Digest: Startups raise $1.19 billion in December, down 22% on-year


Startups raised about $1.19 billion in funding between December 1 and 27, a 22.2% decrease compared to $1.53 billion across 158 rounds during the same month last year.

ETtech

In December, funding came through 73 rounds, compared to the $2.13 billion raised across 87 rounds in November, according to data from private market intelligence platform Tracxn.During the week of December 21 to 27, startups raised around $43.4 million, driven primarily by online meat and seafood platform data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/funding/online-meat-startup-captain-fresh-raises-rs-100-crore-from-motilal-oswal-wealth/articleshow/116717600.cms” data-type=”tilCustomLink” target=”_blank”>Captain Fresh’s fundraise of Rs 100 crore (around $12 million) from Motilal Oswal Wealth.

Top deals of the month:

Rebel Foods: Singapore’s sovereign fund data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/funding/temasek-leads-210-million-funding-in-rebel-foods/articleshow/116239414.cms” data-type=”tilCustomLink” target=”_blank”>Temasek led a $210 million funding round in Mumbai-based Rebel Foods, parent of Faasos, Behrouz Biryani and other cloud kitchen brands.

Discover the stories of your interest

Most active VCs this week_01-27 Dec, 2024_ETTECHETtech

Mintifi: Mumbai-based lending platform data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/funding/mintifi-bags-180-million-from-prosus-ontario-teachers-premji-invest-in-mix-of-primary-secondary-capital/articleshow/116178043.cms” data-type=”tilCustomLink” target=”_blank”>Mintifi secured $180 million in a fresh equity funding round. New investors PayU parent Prosus and Ontario Teachers’ Pension Plan (OTPP) pumped in $80 million each into the company, with another $20 million being invested by Premji Invest, an existing investor.Vastu Finance: Prosus, the Dutch-listed technology investment arm of Naspers data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/after-swiggy-prosus-eyes-more-india-ipos-invests-in-mintifi-vastu-finance/articleshow/115895388.cms” data-type=”tilCustomLink” target=”_blank”>invested $100 million in housing finance company Vastu Finance for an 8.4% stake.

Top funding rounds during_01-27 Dec, 2024_ETTECHETtech

Zetwerk: Contract manufacturing startup data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/funding/zetwerk-raises-70-million-from-khosla-ventures-others/articleshow/116254625.cms” data-type=”tilCustomLink” target=”_blank”>Zetwerk has raised an additional $70 million in fresh capital, bringing the total funding to $100 million in this round. The funding was led by Silicon Valley-based Khosla Ventures and Indigo airline founder Rakesh Gangwal.

CarDekho: Automotive solutions provider data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/industry/auto/auto-news/cardekho-sea-raises-60-million-from-navis-capital-dragon-fund/articleshow/116200625.cms” data-type=”tilCustomLink” target=”_blank”>CarDekho’s South Asia business unit (SEA) raised $60 million in a funding round led by Navis Capital Partners and Dragon Fund.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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