Indian startups raised over $601 million from Dec 09 to Dec 14, 2024; Rebel Foods tops the list

Between December 09 and December 14, 2024, as many as 22 startups from diverse sectors raised $601.12 million in funding from investors.

These sectors include Healthcare, Edtech, Automotive, Retail, NBFC, BFSI, EV, AI, Fintech, Semiconductor, SaaS, and Renewable Energy.

Last week, Indian startups raised over $314 million in funding, with Vastu Housing Finance raising $100 million alone.

Between December 09 and December 14, 2024, as many as 22 startups from diverse sectors raised $601.12 million in funding from investors.

These sectors include Healthcare, Edtech, Automotive, Retail, NBFC, BFSI, EV, AI, Fintech, Semiconductor, SaaS, and Renewable Energy.

Last week, Indian startups raised over $314 million in funding, with Vastu Housing Finance raising $100 million alone.

High-value deals

A diverse range of sectors attracted investments during the week, with Cloud kitchen leading the pack. Leading this sector was Rebel Foods, which raised $210 million in funding. B2B supply chain financing platform Mintifi raised $100 million.

The list was followed by CarDekho's South Asia business unit (SEA), Industrial AI startup Haber, and Solar installation startup SolarSquare, which collectively raised $144 million.

CarDekho SEA raised $60 million, Haber raised $44 million, and SolarSquare raised $40 million.

Emerging startups

Dialysis clinic operator DCDC Health Services raised $9.66 million, NBFC firm Varthana raised $15 million, AI-driven credit card and loyalty management platform SaveSage Club raised $294,000 in an angel funding round, Cloud-based unified testing platform LambdaTest raised $38 million, Semiconductor startup Netrasemi raised $1.17 million in a pre-Series A funding round, Edtech startup Kreedo Early Childhood Solutions raised $1.17 million in debt funding, and VergeCloud raised $3 million in funding.

Allogeneic Cell & Gene Therapy (CGT) startup East Ocyon Bio raised $4.2 million in a Seed funding round, Edtech startup K12 Techno Services raised $40 million, Fintech startup Navanc raised $1 million in a Seed funding round, NBFC firm Avanti Finance raised $14.14 million, Former Cleartrip CEO Ayyappan R's FirstClub raised $8 million in a Seed funding round, Integrated skilling platform FinX raised $6 million in a Seed funding round, SaaS startup Superfone raised $1.9 million in a Series A funding round, Construction Tech startup Inkers Technology raised $3 million in a Series A funding round, and EV startup VOICE raised $590,000.

Meanwhile, AI-powered no-code platform Fuzen.io kept the funding figures under wraps.

Mergers and acquisitions

The period also saw strategic mergers and acquisitions. MPL acquired CloudFeather Games, Veefin Solutions acquired Walnut AI, and MVM Entertainment acquired Flite