The Indian startup ecosystem displayed remarkable resilience as it closed 2024 with a surge in investments. In the second week of December alone, Indian startups raised a total of $114 million. The spotlight was on deeptech startups, which secured $45.4 million across three prominent deals. While enterprise tech experienced a slight decline in its dominance, it still raised $7.2 million across four deals. Cleantech startups also drew significant investor attention, closing three key deals.
Key investors driving this wave included Beenext and Lumikai, both of which made strategic bets on disruptive startups. Beenext invested in Haber, an industrial automation platform, and Nayan Tech, a mobility tech firm. On the other hand, Lumikai placed its confidence in Framer AI, an artificial intelligence platform, and Deftouch, a gaming platform. The focus on deeptech and AI-driven innovation signals a shift in investor sentiment toward future-ready technologies.