Today Startup News 11 December 2024 From The Indian Startup Ecosystem

The latest updates from the Indian startup ecosystem, featuring new funding rounds, acquisitions, government policies, investment funds, and more.

Startup Funding:

cardekho SEA raises $60 Mn in its first external funding round
The company will use this funds to expand its operations in south asian countries like Indonesia and the Philippines, focusing on used autocar financing and classifieds.

Robotics Startup Haber Raises $44 Million in Series C Round Funding
The company plans to use these funds to expand its operations globally, especially in the US, to meet the growing demand for AI-powered industrial automation solutions.

Mahindra Susten Raises Term Loan of Rs 1,448Cr
Mahindra Susten is based in Mumbai and part of India’s Mahindra Group has created a fully owned subsidiary focused on power generation and sales in renewable energy.

Startup News:

Bhartia Family will Acquire a 40% Stake in Hindustan Coca-Cola
This acquisition fits Coca-Cola’s strategy of focusing on its core business, similar to PepsiCo’s approach of outsourcing bottling to Varun Beverages Ltd.

Mobikwik IPO Fully Subscribed Within 90 Minutes of Launch
Mobikwik's IPO witnessed robust demand, becoming fully subscribed within 90 minutes of opening on December 11, 2024. The issue received bids for 1.86 crore shares against 1.18 crore on offer, achieving a 1.57x oversubscription.

Advertisment

Zepto Expands Cafe Services with Dedicated App for Quick Commerce
Zepto, the quick commerce unicorn, is set to launch a dedicated app for its café services next week. Co-Founder and CEO Aadit Palicha revealed that Zepto Café is rapidly scaling, with over 100 cafés launching each month and reaching 30,000 orders per day.

Startup Story:

Thyrocare Story
Meet the man, Dr. Arokiaswamy Velumani who built a company worth Rs 5000 Cr.

Visit VIESTORIES.COM to keep updated in Startup Ecosystem