Here’s the summary of Startup Funding News from the month of November and December 2024.
November 2024 Startup Funding News
- Hyderabad-based SaaS focused Startup Pulse has raised $1.4 Mn in its seed funding round led by Endiya Partners
- Gurugram based UnifyApps has raised $20 million in its Series A round led by ICONIQ Growth.
- Pharos, a full-stack, parallel layer-1 blockchain network, today announced the completion of an $8 million seed round investment co-led by Lightspeed Faction (“Faction”) and Hack VC, with additional participation from strategic anchor investor SNZ Capital and other investors including Reforge, Dispersion Capital, Hash Global, Generative Ventures, Legend Star, MH Ventures, Zion, and Chorus One Ventures.
- Nexstem , a Bengaluru-based deeptech startup developing cutting-edge non-invasive Brain Computer Interface raised $3.5 million in a funding.
- Supply chain network enabler for fresh products, Wheelocity , has raised $15 Mn in a Series A2 round funding.
- Kalder raises $10.5M to transform everyday brands into fintech innovators
- About three months after its incorporation, 10-minute food delivery startup Swish has raised $2 Mn in a seed funding round led by venture capital (VC) firm Accel
The startup said that it plans to open about 150 “centres” across major areas in Bengaluru. Further, it plans to expand to other Tier-1 cities soon. - Dairy startup Doodhvale Farms has raised $3 Mn in an undisclosed funding round co-led by Atomic Capital and Singularity Early Opportunities Fund👇
The company plans to use the funding for strengthening distribution networks, diversifying product portfolio and upgrading technology infrastructure. - New York based Finance and Private credit technology platform CARDO AI announces $15mn Series A Funding
- Iontra Inc Inc, a Colorado-based leader in next-generation battery charging technology, announced today that it has successfully completed its $45M Series C funding round with support from both current and new investors.
- Silicon Valley Innovator Trustero Secures $10M+ Series A Funding to Revolutionize AI-Driven Security and Compliance
- LogicMonitor , a SaaS-based hybrid observability platform powered by AI, has closed $800 million of new equity and strategic financing.
- Venture capital firm Stellaris Venture Partners, which has backed companies, like Mamaearth, Whatfix and Kiwi among others, has marked the final close of its third India-focused fund at $300 Mn
- AltMobility , a leading commercial electric vehicle leasing and asset management company has secured $10 million in a Series A funding round led by existing investor Eurazeo, a European VC and PE fund, and saw participation from other existing investors including Shell Ventures, Twynam Earth Fund and EV2 Ventures.
Alt Mobility currently owns a fleet of 10,000 vehicles across 20 cities in India leased to fleet operators and individual drivers. With an integrated leasing and asset management solution, Alt Mobility offers a seamless experience that includes servicing, charging, and real-time fleet monitoring and diagnostics. The company leverages data to provide valuable insights, driving profitable EV adoption across the value chain. - Homversity Raises USD 1 Million in Pre-Series A to Revolutionize Student Housing. The round saw participation from key investors including Shuru-Up, Inflection Point Ventures (IPV), Value Angels, Vinners Group, TAS, Pro-Growth Ventures, and Growth 91. The investment will be directed towards developing a premium scalable student housing operator model, aimed at expanding the platform’s reach and improving student accommodation options across the nation.
- Neo Group and HealthKart’s existing investor, A91 Partners also participated in the round.
In a release announcing the USD 153 million investment round, HealthKart noted that FY24 was a milestone year for the company.
“In the fiscal year, the company not only crossed Rs 1,000 crore revenue but also achieved full-year EBITDA profitability. HealthKart continues to strengthen its power brands, along with expanding presence in international markets,” the release said. - MasterChow raises $6.5M in funding. The funding round also saw participation from Peak XV Partners’ Surge, Anicut Capital, the D2C brand’s existing investor WEH Ventures, among others.
December 2024 Startup Funding News
- Advantageclub.ai was Founded in 2016 by Sourabh and Smiti Deorah and has raised $4M in funding. The platform provides enterprises an AI-driven employee engagement platform with features like rewards, recognition, among others. The startup, which has a presence in India, the US, the UAE, and Philippines and plans to use the funding to expand its presence.
The funding round was led by Axilor Ventures. The round also saw participation from AFG Ventures, Bytez Ventures, Alteria Capital, and some angel investors. - ConnectDER, a leading innovator in resilient home energy technology, has secured $35 million in Series D funding to accelerate its market expansion and product innovation. The round was led by Decarbonization Partners, a partnership between BlackRock and Temasek, with participation from MassMutual Ventures, both new investors. Existing investors Avista Development, Clean Energy Ventures, Energy Innovation Capital, Evergy Ventures, LG Technology Ventures, and Zoma Capital also participated.
- interlace.money , a global card issuance and digital asset management platform based in Singapore, announced today that it has raised $10 million in its Series B1 funding round. The round was led by Bitrock Capital, with participation from prominent individual investors in the fintech industry, including early employees and senior managers from leading companies such as Klarna and Robinhood.
- Glow, a startup in the green energy space, has secured $30 million funding (about Rs 250 crore) from venture capital firms Framework and Union Square Ventures. The investment will fuel Glow’s mission to accelerate the adoption of renewable energy, the company said in a statement.
- The funding will be used by ZFunds to ramp up its distribution network and to strengthen its technical capabilities.
The Startup was Founded in 2019 by Manish Kothari and Vidhi Tuteja and has raised $3M in funding.
The company’s core business is to track the performance of assets, suggest new products to their clients, and help them when they want to redeem the funds. - EV Startup Ultraviolette Automotive has raised $15.3 Mn in a fresh round of funding from its existing investor Zoho, Lingotto, Mudhal Partners, and Ojas Consultation with Zoho leading the funding round.
Founded in 2016 by Narayan Subramaniam and Rajmohan, Bengaluru-based Ultraviolette Automotive is in the process of disrupting the electric two-wheeler market. - Cleerly ‘s technology analyzes CT scans of the heart and the AI software aims to identify early-stage coronary artery disease. This is similar to how mammograms and colonoscopies detect breast and colon cancer.
The Startup awaits full FDA clearance for general heart screening. However, its algorithms have been cleared for diagnosing symptomatic patients.
The Startup was founded by James Min in 2017 and has raised $107M. - Enterpret has raised $20.8 M in its Series A funding round which was led by Canaan Partner.
The startup will use the fresh funding for “scaling up its marketing and sales team and to deploy no-code AI agents to bridge the gap between customers and teams”.
Enterpret uses AI models to unify and analyse large chunks of unstructured customer feedback across channels to identify and extract key themes, sentiment, underlying issues, and topics. This ultimately helps CXOs identify patterns and improve customer satisfaction.
Enterpret was Founded in 2020 by brothers Varun sharma and Arnav Sharma. - The Indus Valley, which is a D2C kitchenware startup has raised $2.3 Mn in its Pre-Series A funding round led by existing investor DSG Consumer Partners.
The Startup was Founded in 2016 by Madhumitha U. and Jagadeesh kumar. The USP of the Startup is selling non-toxic cookware made from chemical-free materials like iron and cast iron, stainless steel, wood and clay. - Lawhive was Founded in 2019 by Pierre Proner (CEO), Jaime V. (CTO), and Flinn Dolman .
Lawhive help consumer lawyers by automating a lot of their tasks thereby speeding up their response times. This inturn allows small law firms to serve more customers.
Lawhive allows small ‘Main Street’ law firms to run their affairs through an AI-based SaaS platform whereas Big law firms have been the target for many companies of late. In April, the Startup raised $11.9 million. It’s now raised a $40 million in Series A funding to expand in the US. - Making cocoa-free chocolate using Sunflower Seeds has helped Munich-based B2B food tech startup Planet A Foods secure $30 million Series B funding round.
The fund will be deployed to scale its production capacity by around 7.5x. Earlier this year, the Startup secured $15.4 million Series A. - The new funding round($91M) was led by Congruent Ventures with participation from Blue Earth Capital, California State Teachers Retirement System, Liberty Mutual Investments, Wellington Management, Range Ventures, Sequoia Capital, Tao Capital Partners, and XN. Amp Robotics uses 400 robots in its three facilities to sort modules depending on how much trash they need to sort or which material they’re looking for.
Additionally, there are cameras to watch the flow of trash, using AI to identify what can be recycled. Thereafter, robotic arms pluck bits from the conveyor belt. - Nowadays (YC S23) was founded in 2023 by sisters Anna Sun, CEO, and Amy Yan, COO and has raised $2M in funding.
The Startup uses LLM AI to automatically plan large, expensive events. Nowadays has a database of 400,000 global venues. It uses a proprietary model based on a combination of OpenAI, Anthropic, and its own coding.
To gather bids Nowadays emails venues, caterers and other stakeholders in an event. To solicit responses from unanswered emails, it will even make a call. It then processes and organizes the information and presents it to the event planner, who can make decisions. - Healthcare diagnostics startup Neuranics Lab has raised $700K in funding. The seed funding round led by Inflection Point Ventures (IPV). The Startup’s mission is to revolutionize blood diagnostics.
The company is developing a point-of-care blood analyzer capable of delivering complete blood count (CBC) results in less than 10 minutes using just a finger-prick sample.
Neuranics was Founded in 2021 by Praveen kumar(Co-founder & CEO) and Ashutosh Patra (Co-founder & CTO). - Dimension previously raised a $350 million fund. Now, the fund house that in
vests at the intersection of tech and life sciences announced that it raised an oversubscribed $500 million fund, exceeding its $400 million target.
The fund house founded in 2022 by @Zavian Dar, Adam Goulburn and Nan Li has invested in more than 20 companies. - Wooden Street, a Jaipur-based D2C startup Wooden Street has raised $43 Mn in its Series C funding.
The funding round was led by Premji Invest
The funding will be used for the company’s expansion.
Wooden Street was Founded in 2015 by Lokendra Singh Ranawat , Virendra Singh Ranawat , Dinesh Pratap Singh and Vikas Baheti. - Riverside.fm announced on Monday that it has raised $30 million in Series C funding. The funding round was led by Zeev Ventures. It saw participation from Seven Seven Six, and angel investor Sam Lessin. The Startup was founded during the Pandemic by Nadav Keyson and brother Gideon Keyson . Riverside is quite popular among podcasters because of its easy to use interface.
- Software Testing platform LambdaTest has secured $38M in funding. It provides infrastructure that allows companies to test their applications across multiple browser and operating system combinations.
Companies can use LambdaTest’s cloud platform to test their software instead of investing heavily on testing infrastructure. - Speak is using OpenAI’s technology to power its platform. It has raised $78M in funding. The funding will be used to expand the number of target languages users can learn with Speak.
- Zimi (YC S24) simplifies commerce for merchants selling cross-border and has raised $2M in funding. Right now, their focus is helping merchants sell into the U.S.
zimi was founded this year by Audrey Djiya and Peter Nsaka
They are trying to address 3 key problems faced by merchants selling internationally. High shipping costs, long delivery times and expensive distributors. - KAST, which has raised $10M in funding is focusing on emerging markets where access to USD is limited and remittance costs are high.
The platform lets customers manage stablecoins through traditional payment avenues.
The investment comes from @peak XV and HongShan. This is their first joint deal after they separated from Sequoia in June 2023.
KAST was founded by Daniel B. , Raagulan Pathy. - E-Commerce platform Culture Circle, which is primarily focused on sneakers but wants to expand as a one stop destination for hyper luxury goods, has raised $2 Mn in its seed funding. The funding round was led by Info Edge Ventures
Culture Circle was founded in 2023 by Devansh Jain Nawal and Ackshay Jain Jain. - Haber has raised $44M in funding and will use the funding to scale its operations internationally, with a particular focus on the Americas.Haber has also nearly doubled its revenue from key customers over the past year.
Haber was founded in 2017 by Venkat, Vipin Raghavan, and Arjunan P N . - SolarSquare Energy offers full-stack solar solutions for homes and has raised $40M in funding.
The funding will be used to expand its operations to 50 cities across the country, enhance its technology, hire talent, and engage in brand building. - Upvest , a Berlin-based startup founded by Martin Kassing that builds a white-label investment platform has raised $105 Million in funding. Upvest’s solution is used by some of the biggest fintech companies in Europe and include Bunq, N26, and Plum among others.
- Adelaide, Australia-based startup Fleet Space Technologies has raised $100 M in funding to accelerate the development of ExoSphere. The platform enables real-time mineral prospecting from space. The company currently has two satellites in low Earth orbit that connect to ground sensors; using AI, the sensors and satellite data can generate predictive insights and drill targeting for prospectors.
- Inkers Technology was Founded in 2015 by Rohan Shravan, Manish Giri, and Srikanth Kandada (left to right) has raised $3M in funding. Its Observance platform has been used in over 150 construction sites in Bengaluru, Delhi NCR, Kolkata, Chennai, and Hyderabad.
Observance processes point cloud data, images, and BIM models to generate construction insights. - Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds.
The final number could still go up before the round is finalized next week - Generative artificial intelligence startup Liquid AI said on Friday that it had closed a $250 million early-stage funding round led by chipmaker Advanced Micro Devices, which is also its strategic partner.The company’s models are based on a concept of “liquid neural networks,” a classification of AI networking that differs from Generative Pre-Trained Transformer-based models, or GPTs, that underpin today’s popular chatbots such as OpenAI’s ChatGPT and Google LLC’s Gemini.
- Humba Ventures is a sister-firm to Susa Ventures and has Leo Polovets and @Anna-Sofia Lesiv as partners. The latest $40 million fund will be dedicated to supporting startups in the deep and defense technology sectors.
- OTT platform STAGE is set to raise INR around $9.9 Mn from a set of investors via issuance of preference shares.
Stage was founded in 2019 by Shashank Vaishnav and Vinay Singhal. The OTT platform is an entertainment platform that streams regional shows and movies specifically in Haryanvi and Rajasthani. The funding will be used to boost its reach. - TymeBank‘s funding($250M) was led by Nu Holdings, which owns NuBank. Tyme Group has a hybrid digital banking model that combines online banking with physical service touchpoints. The company now serves over 15 million customers.
- Four-year-old zingbus has raised $6.9M and it aggregates fleets of buses to provide an end-to-end intercity travel service to its customers. The fresh proceeds will be used for the expansion and growth and meeting the additional capital requirements, the filing added.
- Agave Games is a Turkey based gaming Startup with its most popular game being “Find the cat”.It has raised $18M. Felix Capital and Balderton Capital are co-leading this round of funding, with E2VC participating. The funding will be used to build out its team and to work on future titles.
- Atlanta based Slip Robotics has recently raised $28 in funding. The company’s robot-as-a-service business model has been a hit since it was founded in 2020.
The bots used in this case can handle uneven ground and navigate routes from the warehouse floor into a truck trailer.
Slip Robotics launched its commercial service in 2023 and the bots provided by Slip Robotics are being used in facilities across more than 25 sites. Its clients include John Deere, Valeo, and Nissan among others. - Quanfluence was founded in 2021 by Sujoy Chakravarty, Ravi Mehta, Biman Chattopadhyay, Anil Prabhakar, Aditi Vaidya and Sandeep Goyal. It has raised $2M in funding.
The Startup which incubated at the IITM Incubation Centre develops photonics-based quantum and quantum-inspired solutions.
The funding will be used to scale up its near-term products and accelerate development of its quantum computer. - With Lens, Avara is building a decentralized protocol that could serve as the infrastructure for social and consumer apps. Avara has raised $31M in funding.
This funding announcement comes a few weeks after Lens unveiled a completely overhauled version of its protocol, Lens v3. - Bengaluru based Fintech platform Curie Money has raised $1.2 million in a seed funding round led by India Quotient, with participation from institutional investors and angel investors.
The Startup was Co-founded in 2022 by Arindam Ghosh and Tushar Choudhary. Curie Money is a mutual fund-backed banking app that seamlessly integrates investments with payments. - Oura has sold more than 2.5 million smart rings, and the company’s member base and revenue has more than doubled over the past year. It has now raised $200M in funding.
The current round of funding will allow it to expand its product offerings and further invest in product, science, AI, and more. The funding will also enable Oura to explore additional acquisitions. - This new funding comes just four months after Anysphere, the parent company of cursor raised its $60 million in Series A.
Cursor has now raised $100M and it offers developers a freemium model with tiered pricing. After a two-week free trial, the company converts users to paying customers who pay either $20 for a pro offering or $40 a month for a business subscription designed for larger teams and organizations. - Founded by Deepti Yenireddy, Boon wants to transform the logistics business by providing an AI powered platform that helps companies make better use of data from different applications and to improve their operations, planning, and efficiency. Boon has now raised $20.5M in fundnig.
The funding came from Marathon and Redpoint. - Backflip AI‘s models are trained on a large dataset of about 10 million 3D parts, generated in part using AI. The AI used to create designs goes beyond text input. It can also produce designs based on sketches, photos, or other materials as well.
Backflip was founded by Greg Mark (CEO) and David Benhaim(CTO). It has now raised $30M in funding. - TBC Group Uzbekistan was Started in 2020. It has now raised $37M in funding. The bank offers a mobile app through which customers can open bank accounts and access banking services, including cash loans and deposits.
TBC Uzbekistan has recently started building its proprietary AI solutions, including agents to handle payment reminder calls for customers who have taken loans. - Fitsol was Founded in 2022 by Anand Pathak, Akshay Tandon, Manoj Sharma, Sunil Bansal, and Vikas Kalra. The Startup allows manufacturers to “measure, report, benchmark, and actively reduce their carbon emissions through its AI-driven platform Kyoto”.
Fitsol also provides a comprehensive sustainability marketplace that offers solutions such as green logistics, sustainable packaging, eco-friendly procurement, waste management, and carbon offsetting services. It has now raised $1M in funding. - Confido Health, a healthtech startup which assists healthcare providers in minimising administrative tasks using AI-driven automation. has raised $3 Mn in its seed funding round. The funding was led by Together Fund.
Other than using the fund for fostering enterprise partnerships, the fund will also be used to improve its AI tech stack and improve its presence across across specialties such as surgery, orthopedics, dental and pediatrics.
Confido was founded in 2022, by Chetan Reddy and Vichar Shroff. - Arata, which is a Delhi NCR-based personal care Startup, has secured $4 Mn in Series A funding led by Unilever Ventures. The funding round also sawparticipation from L’Oréal’s BOLD and Skywalker Family Office
The startup currently serves 1.5 Mn customers annually and will deploy the funds towards innovation, consumer research, and expanding distribution across its website, quick commerce platforms, and marketplaces. - Semiconductor design startup Mindgrove Technologies has raised $8 Mn in its Series A funding. The funding will be used to expand its workforce, enhance its in-house engineering capabilities and accelerate production and sales of its first chip. The funding round was co-led by Rocketship.vc and Speciale Invest. Mela Ventures, Peak XV Partners, Nishchay Goel, Whiteboard Capital and Anshul Goel. Co-founded in 2022 by Sharan Jagathrakshakan and T.R. Shaswath, Mindgrove is incubated by IITM Pravartak Technologies Foundation and IIT Madras Incubation Cell.
- Retail advisory platform Univest has raised $10 million in a Series A funding round led by Bertelsmann India Investments (BII).
The Startup was Co-founded in 2022 by Pranit Arora, Avneet Dhamija, and Vikash Agrawal.
Univest is a retail advisory platform, offering general recommendations through its SEBI-registered RA entity, Uniresearch. It provides expert trading advice across stocks, derivatives, and commodities. - Proton Intelligence is a Canada based Startup. They are developing a small device that would be inserted just below the skin in order to monitor potassium levels. This would connect with a smartphone app so that patients can monitor their potassium levels and get notifications if their levels move out of a safe range, based on lifestyle choices, like diet, or medication. They have recently raised $6.9 Million in funding.
- Key investors in the round included billionaire entrepreneur Nikhil Kamath, Bollywood superstar Suniel Shetty, industrialist Vinod Duggar and key investor Manish Patel, among others.
Proxgy has received $3M in Funding. - “We are thrilled to welcome all value-adding investors to Naxatra Labs. This infusion of capital and insight from such experienced partners will catalyse our vision of transforming the Indian deeptech scenario with homegrown technology and mass production capacity.” said Abhilash Maurya, CEO and Co-founder of Naxatra Labs.
The seed funding round was led by GVFL, Delhivery founder Mohit Tandon, and Aspiring Minds founder Himanshu Aggarwal. The round also saw participation from Nithin Kamath’s Rainmatter Foundation, Paytm’s Vijay Shekhar Sharma, Ixigo co-founders Aloke Bajpai and Rajnish Kumar, and Ather Energy’s Narayan, among others. The amount was undisclosed. - Captain Fresh is a Bengaluru-based B2B seafood startup. The Startup will raise about $12 Mn in a funding round led by Motilal Oswal Wealth Limited.
Utham Gowda is the Founder & CEO at Captain Fresh. Prior to this he was the Executive Vice President at Nekkanti Sea Foods Ltd. - Guestara has raised $500K in funding and it plans to use the capital to develop cutting-edge AI-driven solutions that streamline operations, boost guest satisfaction, and uncover new revenue opportunities for hotels worldwide.
They provide solutions like Unified Inbox, Contactless Mobile Check-In, Omnichannel Guest Engagement, Personalized Upselling, and Smart Checkout among others. - Calo Inc., which operates in Saudi Arabia, UAE, Kuwait, Qatar, and Bahrain, allows users to pick healthier ready meals, including breakfast, lunch, dinner, and a snack — offering meal filters such as balanced, high protein, low carb, and vegetarian. Users can customize their meals and plans and even skip days. It has raised $25M in funding.
