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Tuesday, January 7, 2025

Funding Frenzy: 14 Startups Secure $33 Million in December-January Stretch

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Between December 30 and January 4, 2025, a total of 14 startups spanning various industries secured $33.43 million in funding. These sectors ranged from hospitality and finance to robotics, AI, and wealth management. The previous week saw Indian startups raising more than $44 million, with a significant chunk of that—$20 million—going to EPACK Prefab.

Sectors that attracted the most investor interest

Among the sectors that attracted the most investor interest, non-banking financial companies (NBFCs) led the charge. Mufin Green Finance stood out with a hefty $18 million in funding, while SME lender Aye Finance followed with $12.8 million.

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Other noteworthy raises came from Wealthy Nivesh, a wealth management firm that secured $1 million, B2B logistics platform CargoFL, which raised $780,000, and Guestara, a hospitality startup, which brought in $500,000. In total, these companies collectively raised over $2.28 million.

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Additionally, NumberOne Academy raised $350,000, and while robotics startup Flo Mobility and OTT platform Klassroom secured funding, the exact amounts have not been disclosed.

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