In a significant week for the Indian startup ecosystem, over 40 firms raised over $787 million in funding, as the nation’s economy fared well in spite of the geopolitical climate.
These transactions included 16 growth-stage and 23 early-stage deals.
This is a significant rise above the $250 million garnered from 18 deals last week.
A unicorn in the cloud kitchen, Rebel Foods raised $210 million under Temasek’s leadership by selling both primary and secondary shares. The goal of Rebel Foods is to go public within the next year.
The financial company Mintifi raised $180 million in its Series E financing, led by TVG and Prosus. With the additional funds, Mintifi plans to expand its footprint in significant industries.
Meanwhile, CarDekho Group, a provider of digital automotive solutions, raised $60 million in its first round of outside financing through its Southeast Asian affiliate, CarDekho SEA.
The investment was led by Navis Capital Partners (Navis), a leading private equity and growth investor, and Dragon Fund. Over $100 million has been raised so far as a result of this round.
Haber, a well-known industrial AI company, raised $44 million in its Series C funding round, which included $38 million in equity and $6 million in debt. The fundraising round was led by Accel, BEENEXT, and Creaegis.
SolarSquare, a leading residential solar company based in Mumbai, raised $40 million in its Series B fundraising round, the largest venture capital deal in the Indian solar market. Lightrock took part, and Lightspeed led the round.
K12 Techno Services received $40 million in funding from Kenro Capital, a growth-stage secondary venture capital firm.
Additionally, 23 early-stage startups raised $54.01 million in funding over the course of the week.
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