Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 25 November – 29 November 2024.
The Top Indian Startups Funding Roundup of This Week
Zomato
Zomato Limited has raised ₹8,500 crore by selling equity shares through a Qualified Institutions Placement (QIP), after getting approval from shareholders last week.
Stellaris Venture Partners
Venture capital firm Stellaris Venture Partners has raised $300 million for its third fund, which will focus on seed and Series A investments in India.
Nazara Technologies
Mumbai-based Nazara Technologies has raised ₹855 crore through a preferential issue. The board approved the allotment on November 27, 2024, after receiving funds from eligible investors.
WadzPay
WadzPay Worldwide Pte. Ltd., a leading innovator in the blockchain technology and financial services company, announced that it has secured a capital commitment of SGD $50 million in the form of a Share Subscription Facility (SSF) from GEM Global Yield LLC SCS ("GEM").
Univest
Univest is a wealthtech business is in talks to earn $16 million, or around INR 135 crore, for its Series A fundraising round.
Alt Mobility
Alt Mobility, a company specializing in commercial EV leasing and asset management, has raised $10 million in a Series A funding round. The round was led by European venture capital and private equity firms, along with existing investor Eurazeo. Other investors, including Shell Ventures, Twynam Earth Fund, and EV2 Ventures, also took part.
ShopDeck
ShopDeck, a D2C-focused software provider, has raised $8 million in Series B funding led by Bessemer Venture Partners, with support from Elevation Capital, Chiratae Ventures, and General Catalyst.
Elchemy
Elchemy, a cross-border specialty chemical distribution platform, has raised $5.6 million in funding led by Prime Venture Partners, with support from existing investor InfoEdge Ventures.
Beyond Appliances
Beyond Appliances, a smart kitchen appliance brand, has raised $2 million in seed funding led by Fireside Venture Investment Fund III, with support from Dharana Capital and angel investors like Shezan Bhojani (Design Cafe), Saurabh Jain and Ramakant Sharma (Livspace), and Chandru Kalro (former TTK Prestige CEO).
ParkMate
ParkMate claims that the money will be utilized to accelerate its growth trajectory, make investments in its workforce to attract clients, simplify its business processes, and keep coming up with new ideas.
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