New Delhi, December 14 (IANS). In an important week for the Indian startup ecosystem, around 40 startups secured funding of over $787 million. The economy remained resilient amid geopolitical circumstances.
These deals included 16 development-stage deals and 23 early-stage deals. That’s a big jump from the $250 million it collectively raised in 18 deals last week.
Cloud kitchen unicorn Rebel Foods led the way with $210 million in funding led by Temasek in a mix of primary and secondary share sales. Rebel Foods is planning a public listing by next year.
Fintech startup Mintifi raised a total of $180 million in its Series E round led by TVG and Prosus. Mintifi plans to use the fresh capital to expand its footprint in key regions.
Meanwhile, CarDekho SEA, the South-East Asia business unit of digital automotive solutions provider CarDekho Group, raised its first external funding round of $60 million.
The round was led by leading growth and private equity investors Navis Capital Partners (Nevis) and Dragon Fund. The cumulative fundraise after this round now exceeds $100 million.
Haber, a leading industrial AI startup, raised $44 million in its Series C funding round, which included $38 million in equity and $6 million in debt. The funding round was led by Crysis, Beenext and Accel.
SolarSquare, India’s leading home solar startup based in Mumbai, secured $40 million in its Series B funding round, the largest venture capital raise in the Indian solar sector. The round was led by Lightspeed, with participation from Lightrock.
K12 Techno Services raised $40 million in funding from growth-stage secondary venture capital firm Kenro Capital.
Additionally, 23 early-stage startups received funding worth $54.01 million during the week.
According to a statement from the Ministry of Commerce and Industry, about 73,151 startups in India now have at least one woman director.
–IANS
SKT/ABM
