Weekly venture capital (VC) funding in Indian startups hit another high in the second week of December this year, boosted by deals from Rebel Foods and Mintify.
Total weekly VC funding cut a total of $779 million across 30 deals — the second-highest amount of weekly funding raised this year. This was a sharp increase from the previous week where the number was only $158 million.
The highest VC amount raised on a weekly basis for the year was $872 million in June when Zepto raised a whopping $665 million.
This week’s development was also surprising as the end of the year is generally considered a lean period for fundraising. However, this period also saw a large number of transactions in the $40-million range, bringing the overall funding amount up.
This week, the Indian startup ecosystem saw transactions across all stages of funding. It shows that the year will close on a high note and sets the stage for an optimistic 2025.
At the same time, there were also positive developments in the Indian startup ecosystem, especially as companies took the public route. Fintech company Mobikwik has received a very strong response to its IPO issuance while Bluestone has filed its documents.
Major transactions
Cloud kitchen operator Rebel Foods raised $210 million from Temasek and Evolvence.
Fintech startup Mintifi has raised $180 million from Teachers Venture Growth (TVG), Prosus and Premji Invest.
Digital automotive platform CarDekho SEA raised $60 million from Navis Capital Partners and Dragon Fund.
Robotics startup Haber raises $44 million from Creaegis, BEENEXT, and Accel.
Omnichannel furniture and home decor retailer Wooden Street raised Rs 354 crore (around $43 million) from Premji Invest.
Cleantech startup SolarSquare raises $40 million from Lightspeed, Lightrock, Elevation Capital, Lowercarbon, Rainmatter, and Gruhas Proptech.
Edtech startup K12 Techno Services raises $40 million from Kenro Capital.
Tech startup LambdaTest raises $38 million from Avatar Ventures and Qualcomm Ventures.
Spacetech startup Pixxel raised $24 million from M&G Catalyst, Glade Brook Capital Partners, Google, Radical Ventures, and Lightspeed.
Fintech startup Snapmint raised $18 million from Prudential Investment Manager, Perpetuity Ventures and Pegasus Fininvest.
Education-focused non-banking finance company (NBFC) Varthana raised $15 million (~120 crore) from BlueOrchard Microfinance Fund.
Avanti Finance raised $14.2 million (around Rs 120 crore) from Dia Vikas Capital, IDH Farmfit Fund, NRJN Family Trust, and Rabo Partnership, and HNIs.
Healthtech startup DCDC Health Services has raised Rs 82 crore ($9.6 million) from British International Investments (BII).
D2C startup FirstClub raised $8 million from Accel, RTP Global, Blume Founders Fund, Quiet Capital, 2am VC, and angel investors.
Skilling platform FinX raises $6 million from Elevar Equity.