Indian startups raised over $585 million from Nov 18 to Nov 23, 2024; Zepto tops the list

Between November 18 and November 23, 2024, as many as 20 startups from diverse sectors raised $585 million in funding from investors.

These sectors include Dronetech, Fintech, Deeptech, Dairytech, SaaS, Food, Gaming, Insurtech, Quick Commerce, Healthcare, Food, and Healthcare.

Last week, Indian startups raised over $179 million in funding, with Rural lending startup Sarvagram raising $67 million alone.

Between November 18 and November 23, 2024, as many as 20 startups from diverse sectors raised $585 million in funding from investors.

These sectors include Dronetech, Fintech, Deeptech, Dairytech, SaaS, Food, Gaming, Insurtech, Quick Commerce, Healthcare, Food, and Healthcare.

Last week, Indian startups raised over $179 million in funding, with Rural lending startup Sarvagram raising $67 million alone.

High-value deals

A diverse range of sectors attracted investments during the week, with Quick commerce leading the pack. Leading this sector was Zepto, which raised $350 million in funding. Fitness supplement brand HealthKart raised $153 million in a seconday funding round.

The list was followed by Insurtech startup Zopper, Cancer diagnostics startup OneCell Diagnostics, and Decentralized gaming network KGeN, which collectively raised $51 million.

Zopper raised $25 million, OneCell Diagnostics raised $16 million, and KGeN raised $10 million.

Emerging startups

Drone and space tech-based geospatial startup Matrix Geo Solutions raised close to $1 million in a pre-IPO funding round, Asthetic dermatological care provider Assure Clinics raised $1.77 million, Online Dispute Resolution (ODR) platform CADRE ODR raised $200,000, 10-minute food delivery startup Swish raised $2 million, Fintech startup PeLocal raised $2 million, Homegrown beer startup Proost raised $3.55 million, Deeptech startup Theranautilus raised $1.2 million, Baanhem Ventures raised $390,000, and Consumer Electronics startup Billion Hearts raised $4 million. 

Dairytech startup Doodhvale Farms raised $3 million in a Series A funding round, SaaS startup Tactics raised $1.2 million, Order For Health raised $120,000, Fintech startup CredFlow raised $3.7 million, Logistics SaaS startup Blitz raised $6.04 million, and Food startup Indic Wisdom raised $2 million in a pre-Series A funding round.

Merger and acquisitions

The period also witnessed strategic mergers and acquisitions. Beauty and personal care conglomerate conglomerate The Good Glamm Group completed a 100% acquisition of The Moms Co., Moglix acquired Khatema Fibres for Rs 80 crore, and MakeMyTrip has signed a Business Transfer Agreement to acquire Happay Expense Management Platform from Kunal Shah-led fintech unicorn CRED.