Between December 23 and 27, 2024, eight startups from diverse industries secured $44.67 million in funding. These sectors included EV, AI, Semiconductor, IoT, Manufacturing, Edtech, and Gaming.
Manufacturing emerged as the top sector, with EPACK Prefab raising $20 million. Univest, a stock market super app, secured $10 million.
Semiconductor startup Mindgrove raised $8 million, Edtech platform Sparkl Edventure garnered $4 million, and Sustainable investment platform SustVest received $1.7 million. Leanworx raised $972,000 in a seed round, while Proxgy and Naxatra Labs did not disclose their funding amounts.
The week also witnessed strategic acquisitions. Aurionpro Solutions acquired Fenixys, Naza Tech increased its stake in Absolute Sports, TVS Motor expanded its holdings in DriveX Mobility, and Xcelerate acquired a share in Carisma Solutions.
In the previous week, Indian startups raised over $206 million, with Zetwerk alone securing $90 million
