From InCred To Revfin— Indian Startups Raised $90 Mn This Week

From InCred To Revfin— Indian Startups Raised $90 Mn This Week

SUMMARY

Indian startups raised $90 Mn in funding across 10 deals during December 25-30, a 63% markdown week-on-week

Drone startup DroneAcharya Aerial Innovations acquiring 51% stakes in Pune-based PYI Technologies Pvt

SoftBank-backed FirstCry filed its DRHP to raise INR 1,816 Cr via a fresh issue of shares

With the year coming to an end, the deal momentum seems to have finally caught a break after recording three blockbuster funding weeks. Between December 25 and 30, 2023, Indian startups collectively raised $90 Mn across 10 deals, which is a 63% drop from $349 Mn funding raised across 25 deals in the previous week.

With no mega deal this week, the ecosystem embraced its second unicorn of the year with fintech startup InCred raising $60 Mn over a billion dollar valuation.

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