The first week of December has been a remarkable week for Indian startups. The young companies collectively raised $249.6 million across 18 deals between December 2 and December 7. It is a big leap and 72% higher than the previous week’s $144.8 million from 14 deals. The sharp increase reveals growing confidence in the Indian startup ecosystem.
Fintech stole the spotlight again this week equipped with Vastu Housing Finance and Mintifi leading the charge. Vastu raised $100 million and Mintifi followed closely with $79.9 million. Both the startups are backed by Prosus. The deals highlight the way fintech is becoming the backbone of India’s startup scene.
Enterprise tech thrived too equipped with Enterpret securing $20.8 million in its Series A funding round. The electric vehicle sector stayed hot as Ultraviolette attracted $15.3 million from investors like Zoho. Orange Health from healthtech raised $12 million in the same week. Sectors like healthcare and EVs are witnessing steady growth amid India embraces innovation to solve pressing challenges.
E-commerce is simultaneously keeping pace with the changing consumer habits. MasterChow secured $6.5 million Series A funding and it highlights the continued shift toward online platforms. Even early-stage startups had a good run and raised $4.9 million in seed funding. It was a 63% jump from the previous week. It shows that investors are looking at established players and also are willing to bet on fresh ideas.
Fintech was the leader last week and drew $185.4 million from four deals. It is a proof that potential lies in modernizing financial systems in a country like India.
The action was not just limited to funding. IPO activity picked up speed with fintech giant MobiKwik aiming to raise ₹572 crore. Bluestone is gearing up for its IPO with a valuation of up to $1.5 billion. SEBI’s green light for Ecom Express and Smartworks further adds excitement to the market.
Mergers and acquisitions were equally notable. Automation unicorn Uniphore and SaaS unicorn Amagi made strategic buys in AI and content monetization.
The week shows vibrant and diverse phases of the Indian startup space in sectors like fintech, EVs, healthtech and enterprise tech. there is innovation everywhere and it is clear that Indian startups are thriving.
