In a remarkable week for India’s startup ecosystem, nearly 40 startups raised over $787 million in funding. The funding landscape was marked by 16 growth-stage deals and 23 early-stage rounds, demonstrating a significant surge compared to the $250 million raised across 18 deals the previous week. This reflects growing investor confidence in India’s entrepreneurial landscape, with funds being allocated to a wide variety of sectors, including fintech, AI, automotive, and clean energy.
Rebel foods top the list with 210 million USD
Rebel Foods, the cloud kitchen unicorn, topped the list with an impressive $210 million funding round led by Temasek, which involved both primary and secondary share sales. The company, which is preparing for a public listing by next year, continues to be a leader in the foodtech sector. Fintech startup Mintifi also raised a substantial $180 million in its Series E round, led by TVG and Prosus. This funding will allow Mintifi to expand its presence across various sectors. Additionally, CarDekho SEA, the Southeast Asian arm of CarDekho Group, raised $60 million in its first external funding round, led by Navis Capital Partners and Dragon Fund, pushing its total funding past $100 million.
AI Startup Haber secured $44 million
Other notable raises included industrial AI startup Haber, which secured $44 million in its Series C round, and SolarSquare, a home solar startup, which raised $40 million in its Series B round—setting a record for the largest venture capital raise in India’s solar sector. K12 Techno Services also raised $40 million from Kenro Capital. In addition to the major funding rounds, 23 early-stage startups raised a collective $54.01 million, further showcasing the diversity and innovation across India’s startup ecosystem. The Ministry of Commerce and Industry also highlighted the increasing role of women in the sector, with nearly 73,151 startups now having at least one female director, reflecting the growing contribution of women to driving innovation and economic growth.
