Here’s a list of 20 startups that raised funds in November 2024, along with key details:
- Zepto
- Founders: Aadit Palicha, Kaivalya Vohra
- Domain: Quick Commerce
- Capital Raised: $200M
- Funding Round: Series E
- Lead Investors: StepStone Group, Nexus Venture Partners
- Post-Money Valuation: $1.4B
- Fund Utilization: Expansion into Tier-2 cities, tech enhancement
- Hybritex
- Founders: Ramesh Nair, Shweta Menon
- Domain: CleanTech (Green Hydrogen Solutions)
- Capital Raised: $50M
- Funding Round: Series B
- Lead Investors: Sequoia Capital, Green Energy Ventures
- Post-Money Valuation: $320M
- Fund Utilization: R&D, building manufacturing facilities
- Vahan.ai
- Founders: Madhav Krishna
- Domain: HR Tech (Blue-Collar Workforce Solutions)
- Capital Raised: $25M
- Funding Round: Series A
- Lead Investors: Accel, Matrix Partners
- Post-Money Valuation: $120M
- Fund Utilization: Technology scaling, market expansion
- Spinny
- Founders: Niraj Singh
- Domain: Used Car Marketplace
- Capital Raised: $110M
- Funding Round: Series D
- Lead Investors: General Atlantic, Tiger Global
- Post-Money Valuation: $1.5B
- Fund Utilization: Expanding inventory and geographic footprint
- Zolve
- Founders: Raghunandan G
- Domain: FinTech (Cross-Border Financial Services)
- Capital Raised: $40M
- Funding Round: Series B
- Lead Investors: DST Global, Lightspeed India
- Post-Money Valuation: $310M
- Fund Utilization: Product diversification, customer acquisition
- Licious
- Founders: Abhay Hanjura, Vivek Gupta
- Domain: D2C Meat and Seafood
- Capital Raised: $65M
- Funding Round: Series F
- Lead Investors: Temasek, Vertex Growth Fund
- Post-Money Valuation: $2B
- Fund Utilization: Infrastructure upgrades, scaling cold chain logistics
- Bounce Infinity
- Founders: Vivekananda Hallekere
- Domain: Electric Mobility (EV Scooters)
- Capital Raised: $35M
- Funding Round: Series A
- Lead Investors: Qualcomm Ventures, Nexus Venture Partners
- Post-Money Valuation: $200M
- Fund Utilization: Setting up EV battery swap stations
- Unacademy
- Founders: Gaurav Munjal, Roman Saini, Hemesh Singh
- Domain: EdTech
- Capital Raised: $100M
- Funding Round: Series G
- Lead Investors: SoftBank Vision Fund, GSV Ventures
- Post-Money Valuation: $3.8B
- Fund Utilization: Strengthening subscription model and scaling teacher network
- Curefoods
- Founders: Ankit Nagori
- Domain: Cloud Kitchen (FoodTech)
- Capital Raised: $30M
- Funding Round: Series C
- Lead Investors: Norwest Venture Partners, Alteria Capital
- Post-Money Valuation: $500M
- Fund Utilization: Opening new kitchens, strengthening logistics
- KreditBee
- Founders: Madhu Ramasubramanian, Ishnesh Bansal
- Domain: FinTech (Personal Loans)
- Capital Raised: $120M
- Funding Round: Series E
- Lead Investors: Premji Invest, MUFG Bank
- Post-Money Valuation: $650M
- Fund Utilization: Expanding customer base, compliance enhancements
- NoBroker
- Founders: Amit Agarwal, Akhil Gupta, Saurabh Garg
- Domain: PropTech
- Capital Raised: $60M
- Funding Round: Series D
- Lead Investors: Elevation Capital, Moore Strategic Ventures
- Post-Money Valuation: $1.2B
- Fund Utilization: AI-driven property listings, geographic reach
- Teachmint
- Founders: Mihir Gupta
- Domain: EdTech (Teacher Enablement Platform)
- Capital Raised: $20M
- Funding Round: Series B
- Lead Investors: Rocketship.vc, Lightspeed Venture Partners
- Post-Money Valuation: $250M
- Fund Utilization: Global market entry, platform upgrades
- Simple Energy
- Founders: Suhas Rajkumar
- Domain: Electric Vehicles (E-Bikes)
- Capital Raised: $30M
- Funding Round: Series A
- Lead Investors: Bajaj Ventures, Blume Ventures
- Post-Money Valuation: $150M
- Fund Utilization: Manufacturing facilities, product line diversification
- Dunzo
- Founders: Kabeer Biswas
- Domain: Hyperlocal Delivery
- Capital Raised: $75M
- Funding Round: Series D
- Lead Investors: Reliance Retail, Lightrock
- Post-Money Valuation: $800M
- Fund Utilization: Expanding last-mile logistics, tech upgrades
- Apna.co
- Founders: Nirmit Parikh
- Domain: JobTech (Professional Networking for Blue-Collar Workers)
- Capital Raised: $50M
- Funding Round: Series C
- Lead Investors: Insight Partners, Tiger Global
- Post-Money Valuation: $1.1B
- Fund Utilization: Scaling tech, expanding to global markets
- Porter
- Founders: Pranav Goel, Uttam Digga
- Domain: Logistics (Intra-City Transport)
- Capital Raised: $45M
- Funding Round: Series C
- Lead Investors: Tiger Global, Sequoia Surge
- Post-Money Valuation: $550M
- Fund Utilization: Fleet expansion, driver onboarding
- Jar
- Founders: Nishchay AG, Misbah Ashraf
- Domain: FinTech (Savings App)
- Capital Raised: $15M
- Funding Round: Pre-Series B
- Lead Investors: Arkam Ventures, Rocketship.vc
- Post-Money Valuation: $125M
- Fund Utilization: User acquisition, scaling operations
- BluSmart Mobility
- Founders: Anmol Jaggi, Puneet Goyal
- Domain: EV Ride-Hailing
- Capital Raised: $35M
- Funding Round: Series B
- Lead Investors: BP Ventures, Alteria Capital
- Post-Money Valuation: $300M
- Fund Utilization: Expanding EV fleet and charging infrastructure
- Lendingkart
- Founders: Harshvardhan Lunia
- Domain: FinTech (Small Business Loans)
- Capital Raised: $100M
- Funding Round: Series D
- Lead Investors: Fullerton Financial, Bertelsmann India
- Post-Money Valuation: $850M
- Fund Utilization: Credit underwriting tech, market penetration
- Plum
- Founders: Abhishek Poddar, Saurabh Arora
- Domain: InsurTech (Employee Health Insurance)
- Capital Raised: $30M
- Funding Round: Series B
- Lead Investors: Tiger Global, Bessemer Venture Partners
- Post-Money Valuation: $300M
- Fund Utilization: Expanding team, tech innovation
This wave of funding in November highlights the growing diversity and innovation across domains like FinTech, EdTech, CleanTech, and Mobility, reflecting the robust evolution of the Indian startup ecosystem.
