December 14, 2024: VC Funding witnessed a sharp rise in 2nd Week of December, 2024: Indian startups in this past week, amassed $779 million across 30 deals. This marked the second-highest weekly funding total of 2023, fueled by big transactions from Rebel Foods and Mintifi. The impressive figure represents a significant leap from the previous week’s modest $158 million.
The only week to surpass this was in June, when $872 million was raised, driven largely by Zepto’s record-setting $665 million round. The robust December showing is especially noteworthy, as the end of the year is typically a quieter period for fundraising activity.
Adding to the optimistic close of the year, VC Funding this week saw a diverse spread of transactions across funding stages, in Indian Startups signaling strong investor confidence. These developments also set a promising tone for 2025.
Top Deals of the VC Funding This Week
- Rebel Foods: The cloud kitchen giant secured $210 million from Temasek and Evolvence, underscoring the growing appetite for food-tech investments.
- Mintifi: Fintech platform Mintifi raised $180 million from Teachers’ Venture Growth, Prosus, and Premji Invest, further solidifying its market position.
- CarDekho SEA: The automotive tech platform landed $60 million from Navis Capital Partners and Dragon Fund.
- Haber: Robotics innovator Haber secured $44 million in a round led by Creaegis, BEENEXT, and Accel.
- Wooden Street: The omnichannel furniture retailer raised $43 million from Premji Invest, indicating continued interest in the home decor segment.
Other Notable Transactions in the 2nd week of December
- SolarSquare: Cleantech startup raised $40 million from Lightspeed, Lightrock, and others.
- LambdaTest: Tech startup attracted $38 million from Avataar Ventures and Qualcomm Ventures.
- Pixxel: The spacetech firm brought in $24 million from M&G Catalyst, Glade Brook Capital Partners, and Lightspeed.
- Snapmint: This fintech startup raised $18 million from Prudent Investment Managers and others.
Broader Ecosystem Developments
The VC funding this week also saw positive momentum in the IPO landscape. Fintech leader Mobikwik garnered a strong response for its public issue, while Bluestone filed for its IPO, further reflecting the sector’s vibrancy.
Indian startups are rounding off 2023 with remarkable resilience and optimism. These VC funding trends highlight sustained investor interest across sectors and stages, setting the foundation for a dynamic 2025.
