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

Between November 18 and November 23, 2024, up to 20 startups from various 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, with rural lending startup Sarvagram alone raising $67 million.

Between November 18 and November 23, 2024, up to 20 startups from various 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, with rural lending startup Sarvagram alone raising $67 million.

Great Value Offers

A wide range of sectors attracted investment during the week, with Quick Commerce leading the pack. The leader in this sector was Zeptowhich raised $350 million in funding. Fitness supplement brand Health Kart raised $153 million in a second funding round.

The list was followed by the startup Insurtech Zoppercancer diagnostics startup OneCell Diagnostics and decentralized gaming network KGenwhich collectively raised $51 million.

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

Emerging startups

Drone and space technology-based geospatial startup Matrix Geo Solutions raises nearly $1 million in pre-IPO funding round, aesthetic dermatology provider Assure Clinics raises $1.77 million , Online Dispute Resolution (ODR) Platform CADRE ODR Raised $200,000, 10 Minutes Food Delivery Startup Swish Raised $2M, Fintech Startup PeLocal raised $2 million, local beer startup Proost raised $3.55 million, deeptech startup Theranauutilus 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 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.

Mergers and acquisitions

The period was also marked by strategic mergers and acquisitions. Beauty and personal care products conglomerate The Good Glamm Group completed 100% acquisition of The Moms Co., Moglix acquired Khatema Fibers for Rs 80 crore and MakeMyTrip signed a business transfer agreement to acquire the Happay expense management platform from the fintech led by Kunal Shah. unicorn CRED.