Last Week Funding & M&A Updates (16 - 21 Dec 2024)

Hello Business Leaders,

We are back again with key funding and M&A updates from the last week.

Let's dive in.

Funding Highlights:

- 24 startups raised around $191.71 million.

- 5 growth-stage deals and 16 early-stage deals.

- 3 startups kept the transaction details undisclosed.

Growth-Stage Deals:

- 5 startups raised $119.3 million.

As per the report,

• Zetwerk secured $90 million in funding

• Bureau raised $30 million funding in Series B round

• Bizom secures $12 million in funding

• HostBooks Limited secures $5 million as part of its $15 million Series B funding round.

• zunroof secures $2.3 million funding

Early-stage Deals:

- 16 startups secured funding worth $72.41 million.

• Multiples has invested $35 million in Instant-XP, acquiring a minority stake in the company.

• Seekho secures $8 million funding

• Zingbus has secured $9 million funding

• QuiD Cash, a fintech startup, secures $4.5 million in its pre-Series A funding round.

• Arata , a hair care brand, has raised $4 million in Series A funding.

Series-wise Deals:

- Seed funding deals are at the top with 11 deals.

- Followed by Series B, Series A, pre-Series A, and Series F deals.

Funding Trend:

- Weekly startup funding dropped significantly by 75.65%, reaching $191.71 million compared to approximately $787.28 million raised the pervious week.

- 8-week average: $325.62 million with 25 deals per week.

Top M&A Deals:

• NODWIN Gaming , a subsidiary of Nazara Technologies, has acquired an additional 93% stake in the gaming and esports media company AFK Gaming for ?7.6 crore through a combination of cash and equity swaps.

New Fund Launches:

• Four startup-focused funds—Athera Ventures, India Accelerator, Warmup Ventures, and Velocity made their debut this week.

What's New:

• Zerodha introduces the option for users to trade with borrowed funds.
• Andhra Pradesh government collaborates with PW (PhysicsWallah) to establish an AI-focused institute.
• Zoomcar unveils plans for a chauffeur-driven car rental service.
• SlideShare ’s Co-founders debut a new document-sharing platform.

Other Top Stories:

• PW (PhysicsWallah) transitions to a public entity ahead of its 2025 IPO.
• Country Delight enters the quick commerce space.
• MobiKwik debuts with a 59% premium on the stock exchange.
• InCred Finance sets sights on a Rs 4,000-5,000 Cr IPO in 2025.
• Ola launches a pilot for 10-minute food delivery starting in Bengaluru.
• Aye files DRHP for a Rs 1,450 Cr IPO, with largest backer Elevation opting out of OFS.
• Magicpin announces 15-minute food delivery.
• SEBI introduces changes to rules for SME IPOs in India.
• GST Council may cut tax on online food deliveries to 5%.

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