Indian startup funding shows resilience with major EV and consumer bets

Ultraviolette and Atomberg led early December startup funding as Indian ventures raised over 272 million dollars amid renewed investor focus on EV, AI and fintech.

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Indian startup funding shows resilience with major EV and consumer bets

Indian startup funding shows resilience with major EV and consumer bets
Indian startups raised a total of 272.67 million dollars in early December led by electric vehicle maker Ultraviolette, which secured 45 million dollars in a Series E round, and consumer appliance brand Atomberg, which raised 24 million dollars in Series C funding. Venture capital activity also picked up with Fireside Ventures closing a 2,265 crore rupee fund and Nexus Venture Partners raising 700 million dollars focused on artificial intelligence and fintech investments.