startups funding: ETtech Deals Digest: Indian startups raise $736 million this week; up nearly fivefold on-year

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Startups raised around $735.9 million between December 7 and December 13, a nearly five-fold increase from the same period last year. This also represents an increase of 161.3% from last week’s total of $281.6 million.

Overall funding trend for Indian startups_07-13 Dec, 2024_ETTECHETtech

This week, startups across seed, early and late-stage rounds, raised funds through 29 deals, compared to 31 deals in the year-ago period, when they raised a total of $129 million, according to data from Tracxn. Top deals of the week

Rebel Foods: Mumbai-based Rebel Foods, parent of Faasos, Behrouz Biryani and other cloud kitchen brands, raised $210 million in a funding round led by Singapore’s sovereign fund Temasek. The funding was a mix of primary and secondary share sales.

Most active VCs this week_07-13 Dec, 2024_ETTECHETtech

Mintifi: Mumbai-based lending platform Mintifi secured $180 million in a fresh equity funding round. The round was a combination of $100 million in primary capital raise and $80 million in secondary infusion. New investors PayU parent Prosus and Ontario Teachers’ Pension Plan (OTPP) pumped $80 million each into the company, with another $20 million being invested by Premji Invest, an existing investor.

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Zetwerk: Contract manufacturing startup 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, while UK-based fund Baillie Gifford joined as a new investor.

Top funding rounds during_07-13 Dec, 2024_ETTECHETtech

CarDekho: Jaipur-based CarDekho’s Southeast Asia (SEA) business unit raised $60 million in a funding round led by Navis Capital Partners and Dragon Fund.

Wooden Street: Furniture and home decor platform Wooden Street has raised $43 million in a funding round from Premji Invest. In 2022, the company raised $30 million in a funding round led by WestBridge Capital.



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startups funding: ETtech Deals Digest: Indian startups raise $736 million this week; up nearly fivefold on-year


Startups raised around $735.9 million between December 7 and December 13, a nearly five-fold increase from the same period last year. This also represents an increase of 161.3% from last week’s total of $281.6 million.

Overall funding trend for Indian startups_07-13 Dec, 2024_ETTECHETtech

This week, startups across seed, early and late-stage rounds, raised funds through 29 deals, compared to 31 deals in the year-ago period, when they raised a total of $129 million, according to data from Tracxn. Top deals of the week

Rebel Foods: Mumbai-based Rebel Foods, parent of Faasos, Behrouz Biryani and other cloud kitchen brands, raised $210 million in a funding round led by Singapore’s sovereign fund Temasek. The funding was a mix of primary and secondary share sales.

Most active VCs this week_07-13 Dec, 2024_ETTECHETtech

Mintifi: Mumbai-based lending platform Mintifi secured $180 million in a fresh equity funding round. The round was a combination of $100 million in primary capital raise and $80 million in secondary infusion. New investors PayU parent Prosus and Ontario Teachers’ Pension Plan (OTPP) pumped $80 million each into the company, with another $20 million being invested by Premji Invest, an existing investor.

Discover the stories of your interest


Zetwerk: Contract manufacturing startup 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, while UK-based fund Baillie Gifford joined as a new investor.

Top funding rounds during_07-13 Dec, 2024_ETTECHETtech

CarDekho: Jaipur-based CarDekho’s Southeast Asia (SEA) business unit raised $60 million in a funding round led by Navis Capital Partners and Dragon Fund.

Wooden Street: Furniture and home decor platform Wooden Street has raised $43 million in a funding round from Premji Invest. In 2022, the company raised $30 million in a funding round led by WestBridge Capital.



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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