Last Week Funding & M&A Updates (02 - 07 Dec 2024)

Hello Business Leaders,

Here’s your weekly wrap-up of the latest fundraising news, M&A deals, and key market insights to keep you informed and ahead in the business world.

Funding Highlights:

- 30 startups raised around $333.05 million.

- 7 growth-stage deals and 20 early-stage deals.

- 3 startups kept the transaction details undisclosed.

Top Funding Deals:

Growth-stage Deals:

- 7 startups raised $224.76 million.

• Vastu Housing Finance is on top with $100 million funding.

• Mintifi raised $80 million

• Ultraviolette raised $15.3 million

• Orange Health Labs raised $12 million funding

• Other Funding: Sportskeeda raised $8.14 million and Nodwin Gaming raised $7.55 million.

Early-stage Deals:

- 20 startups secured funding worth $108.29 million.

• Solar energy startup Glow raised $30 Million

- Enterpret (AI enabled customer feedback intelligence platform), Pathway (data company), DentalKart (dental essential focussed marketplace, and Hygenco (cleantech startup) followed.

Series-wise Deals:

- Series A funding deals are at the top with 10 deals.

- Followed by Seed, Series B, Series E, and pre-Series A deals.

Funding Trend:

- Weekly startup funding increased 500% to $333.05 million compared to around $54.43 million raised during the previous week.

- 8-week average: $287.90 million with 24 deals per week.

Top M&A Deals:

• SaaS media firm Amagi acquires Argoid AI

• Uniphore purchased two firms, ActionIQ and Infoworks.

New Fund Launches:

- BharatPe launches ‘Shield’ to protect users from digital transaction frauds.

- Flipkart is all set to enter 10-minute medicine delivery market.

- Uber allows users to pre-book Shikara rides on Srinagar’s Dal Lake

- The parent company of Chingari launches spiritual tech platform AstroLive.

Other Top Stories:

- MobiKwik to raise Rs 572 Cr in IPO amid 70% valuation cut.

- Bluestone board accepts Rs 1,000 Cr IPO, CEO invests Rs 75 Cr.

- Ecom Express and Smartworks get SEBI nod for IPO

- Razorpay, CRED, Swiggy and other 30 startups join Startup Policy Forum.

- Varun Alagh purchases over 1.6 lakh shares of Mamearth since IPO.

- Ola Electric to expand retail footprint to 4,000 stores

Stay updated with our weekly newsletter, packed with market trends and business insights for decision-makers like you.

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