Startups Raise $1.19 Billion in December: Indian startups raised approximately $1.19 billion in December 2024, marking a 22% decline compared to the same month last year. This total was achieved through 73 funding rounds, with significant contributions from companies like Captain Fresh, which secured ₹100 crore (around $12 million) from Motilal Oswal Wealth. Other notable deals included Mintifi raising $180 million and Vastu Finance receiving $100 million from Prosus14. Growth of Women-led Startups: A recent government report highlighted that over 73,000 Indian startups have at least one woman director, showcasing the increasing representation of women in the entrepreneurial landscape. This is part of a broader trend where nearly half of the 1.57 lakh startups supported by the Indian government are led by women57. Transformative Year for Startups: The year 2024 has been described as transformative for India's startup ecosystem, particularly in sectors like AI, deeptech, and fintech.
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