TICE Funding Index: Indian Startups Raise Over $600M This Week

The Indian startup ecosystem has witnessed a funding spree this week, with startups collectively raising over $600 million across diverse sectors. From a staggering $210 million for expanding cloud kitchens to significant investments in solar energy, robotics, and supply chain finance, the momentum underscores India's vibrant entrepreneurial spirit. Notably, sectors like AI, clean energy, and fintech are leading the charge, showcasing the country's innovation prowess and global ambitions.

TICE brings a detailed roundup of this week’s top funding stories driving transformation and growth across the startup landscape.

Top Startup Funding of the Week

Rebel Foods Raises $210M to Expand Its Cloud Kitchen Empire

Cloud kitchen leader Rebel Foods, known for brands like Faasos and Behrouz Biryani, has raised an impressive $210 million in a pre-IPO funding round led by Temasek and Evolvence. The funds will help Rebel Foods scale its network of over 450 kitchens across 70+ Indian cities while expanding internationally into markets like the UAE and the UK. The company is eyeing a public listing within the next 12 to 18 months.

Read More: Sustainable Future Initiatives: Diya Loka's E-Cycl Takes on E-Waste

SolarSquare Secures $40M to Power Homes with Solar Energy

Mumbai-based SolarSquare, a full-stack solar solutions provider for residential spaces, has bagged $40 million in a Series B funding round. The investment was led by Lightspeed and Lightrock, with support from existing backers including Elevation Capital and Nithin Kamath’s Rainmatter. SolarSquare plans to grow its operations from 20 to 50 cities across India, enhance its technology platform, and scale up its hiring.

FirstClub Gets $8M to Deliver Premium Groceries Faster

Founded by ex-Flipkart executive Ayyappan R, FirstClub has raised $8 million in seed funding from Accel and RTP Global. Focused on premium grocery delivery, the startup aims to provide curated products like fresh produce and health foods within 30 minutes. The round saw participation from angel investors such as Flipkart’s Binny Bansal and CRED’s Kunal Shah.

CarDekho SEA Accelerates Growth with $60M for Southeast Asia

CarDekho SEA, the Southeast Asian subsidiary of the CarDekho Group, has secured $60 million in funding led by Navis Capital Partners and Dragon Fund. The investment will bolster its used car financing and classifieds businesses in Indonesia and the Philippines, with plans to expand into auto insurance, extended warranties, and electric vehicle financing.

Haber Raises $44M for Global AI-Powered Factory Automation

Pune-based Haber, an industrial robotics startup leveraging AI, has closed a $44 million Series C funding round led by Creaegis, BEENEXT, and Accel. The company automates industrial processes for clients like ITC and Tata Steel. The funds will be used to expand into North America and introduce new solutions for industries such as metals processing and food and beverages.

Read More: Startup Funding Trend: What’s behind $779M Winter Funding Spring?

Avanti Finance Raises $14.2M for Financial Inclusion

Avanti Finance, a tech-driven NBFC committed to financial inclusion, has raised $14.2 million (Rs 120 crore) in a Series B1B2 round. The funding was led by Dia Vikas Capital, alongside existing investors such as IDH Farmfit Fund. The company will use the capital to grow its loan book, enhance its tech platform, and reach underserved communities in India.

LambdaTest Secures $38M for AI-Driven Software Testing

Cloud-based testing platform LambdaTest has raised $38 million in funding led by Avataar Ventures, with participation from Qualcomm Ventures. The funds will accelerate the development of its AI-driven tools, including KaneAI, its QA automation platform, and HyperExecute, a test orchestration solution.

Mintifi Raises $180M to Innovate Supply Chain Financing

Mintifi, a supply chain financing platform, has secured $180 million in Series E funding co-led by Ontario Teachers’ TVG and Prosus, with additional participation from Premji Invest. The startup plans to use the funds to enhance its offerings, such as dealer management systems and loans against property, while integrating AI into its corporate solutions.

Read More: Top Startup News: Women Entrepreneurs Shine, Flipkart Leads, and More!

This week’s funding activity highlights the relentless innovation and growth across the Indian startup ecosystem. From redefining industries to exploring new markets, these ventures are paving the way for a dynamic future.

Join Our Thriving Entrepreneurial Community

Twitter: @TiceNews | LinkedIn: TICE News | Instagram: @tice.news | Google: Leave a Review