General Catalyst
Big Wins for Startups: Key Funding Highlights (Nov 30–Dec 6)
The first week of December saw the funding activity across a variety of sectors, showcasing the resilience and innovation of Indian startups. Here's a detailed roundup of the most notable deals from this period:
Orange Health Labs Secures USD 12 Mn Funding Led by Amazon Smbhav Venture Fund
The Bengaluru-based platform aims to deploy the fresh funds to accelerate product expansion, bolster team growth, and foster innovation in diagnostics.
General Catalyst Raises USD 8 Bn to Support Global Startup Innovation
General Catalyst aims to allocate USD 4.5 billion to core VC funds, USD 1.5 billion to its creation strategy for new companies, and USD 2 billion for separately managed accounts from its recent capital raise.
Primus Senior Living Secures USD 20 Mn Seed Funding Led by General Catalyst
The funding will be instrumental in developing a comprehensive eldercare platform that integrates healthcare, wellness, lifestyle, and social engagement services—all delivered within the comfort of seniors' homes.
Myntra and Cultfit Co-Founder Mukesh Bansal's Nurix AI Raises USD 27.5 Mn From Accel and General Catalyst
The Bengaluru-based startup will use the raised capital to enhance technology, expand R&D, and scale operations in Asia and North America, focusing on partnerships with AI hardware and product companies.
Quick Commerce Platform Zepto Raises USD 340 Mn in Follow-On Round, Boosting Valuation to USD 5 Bn
Zepto plans to use the new capital to double its dark stores to 700 by March 2025 and expand into new markets such as Nasik, Chandigarh, Vizag, and Ahmedabad.
Zepto Secures USD 340 Mn Funding Round, Valuation Hits USD 5 Bn
The fresh capital injection brings Zepto's total funding to over USD 1.6 billion, with USD 1 billion of that amount secured in just the past 50–60 days.
Skild AI Raises USD 300 Mn in Series A Led by Lightspeed and Others
The funds will scale the company's model and training datasets for future commercial deployment of its technology, and expand hiring across AI, robotics, engineering, operations, and security.
Food Supply Platform FarMart Raises INR 24 Cr Funding from Swiss-based ResponsAbility Investments
The Gurugram-based company will use the fresh proceeds towards building a carbon-efficient food supply chain.