Between December 23 and December 27, 2024, eight Indian startups across various sectors raised a total of $44.67 million in funding. These sectors included EV, AI, Semiconductor, IoT, Manufacturing, Edtech, and Gaming. The previous week saw startups raising over $206 million, with Zetwerk leading the charge with nearly $90 million.

High-Value Deals of the Week

Manufacturing Sector Dominates

• EPACK Prefab led the funding with a massive $20 million, marking the largest deal of the week.

Notable Startup Deals

1. Univest: Secured $10 million for its stock market super app.
2. Mindgrove: A semiconductor startup raised $8 million.
3. Sparkl Edventure: The Edtech firm acquired $4 million.
4. SustVest: Focused on sustainable investments, raised $1.7 million.
5. Leanworx: Gained $972,000 in a seed funding round.

Undisclosed Figures

Startups such as Proxgy and Naxatra Labs participated in funding rounds but chose not to disclose their amounts.

Strategic Mergers and Acquisitions

Key Acquisitions of the Week

1. Aurionpro Solutions acquired Fenixys, expanding its portfolio.
2. Naza Tech increased its stake in Absolute Sports.
3. TVS Motor raised its stake in DriveX Mobility.
4. Xcelerate acquired a stake in Carisma Solutions.

Impact on India’s Startup Ecosystem

These funding rounds and strategic acquisitions highlight the growing investor confidence in India’s dynamic startup ecosystem, driven by innovation across diverse sectors.