Indian Startups Funding Update: $220.52 Million Raised This Week
This week, Indian startups achieved a remarkable total of $220.52 million in funding, consisting of 7 growth-stage and 16 early-stage investments, while 2 startups opted not to disclose their funding amounts. In comparison, the previous week saw 25 startups collectively securing around $169.28 million.
Growth-stage Deals
Growth and late-stage funding amounted to $164.59 million across eight deals this week. The leading funding was from the fintech platform Yubi Group, which raised Rs 411 crore (approximately $46.3 million). Additionally, the agritech startup AgroStar secured $30 million in a funding round led by the climate-focused investment firm Just Climate. The quick commerce and retail business BigBasket obtained Rs 200 crore ($22.7 million) in debt from DBS Bank. Other beneficiaries of funding this week included the tractor-focused marketplace Tractor Junction, spacetech company Agnikul, digital freight forwarder Agraga, wearable and healthtech firm Ultrahuman, and proptech startup Stylework.
Early-stage Deals
Early-stage startups garnered approximately $56 million through 16 deals this week, with logistics company Pidge leading the way with a Rs 120 crore ($13.6 million) funding round. The AI research startup Redrob followed closely with a $10 million Series A round. Other notable fundraisers included AI startups Pibit.AI and Synthio Labs, fintech platform Kaaj, and spacetech firm Axirium Aerospace. The mobile-first gaming platform STAN and real estate solutions firm Survam Properties also received funding this week, though the exact amounts were not disclosed. For a detailed funding breakdown, visit various sources.
City and Segment-wise Deals
Bengaluru dominated city-wise deal counts with 14 deals, followed by Delhi-NCR and Chennai, both securing several deals. Pune, Alwar, Mumbai, and Hyderabad also recorded transactions this week. In terms of segments, AI startups took the lead with 5 deals, followed by fintech, e-commerce, logistics, spacetech, and healthtech, each with 2 deals. Agritech, hospitality, proptech, and others also secured funding during the week.
Series-wise Deals
In this week’s funding activity, seed rounds led with 9 deals, followed closely by Series A with 5 deals. Debt funding comprised 2 deals, while pre-Series B, pre-seed, Series C, and others also saw investment. Visit various sources for detailed series-wise deals and amount breakdowns, along with more insights.
Week-on-week Funding Trend
Weekly startup funding surged by 30% to $220.52 million, compared to approximately $169.28 million gathered the previous week. The average funding during the past eight weeks stands around $298.2 million with about 26 deals made weekly.
Key Hirings
BharatPe has appointed Anil Kishora as a non-executive, non-independent director on the board of Unity Small Finance Bank, where it is a joint shareholder with Centrum. Probus Insurance, backed by BlueOrchard, has announced Atrey Bhardwaj as its Chief Growth Officer. For more details, visit various sources.
Fund Launches
SIDBI Venture Capital Ltd (SVCL) completed the first close of its Antariksh Venture Capital Fund at Rs 1,005 crore, primarily supported by a Rs 1,000 crore commitment from IN-SPACe. The Rs 1,600 crore spacetech fund intends to invest in Indian startups within various sectors, including launch systems, satellites, in-space services, and ground infrastructure.
Mergers and Acquisitions
Icertis, an AI-driven contract intelligence platform, has acquired Dioptra to enhance its AI competency in enterprise contracting. This acquisition marks a significant advancement in the company’s long-term AI strategy following the launch of Icertis Vera, an important milestone in contract lifecycle management (CLM) innovation.
New Launches and Partnerships
Even Healthcare has introduced a comprehensive maternity care plan in India. NODWIN Gaming has partnered with Exceed Entertainment, while Swiggy collaborates with upGrad to provide higher-education opportunities for delivery partners.
Financial Results This Week
Groww reported Rs 471 Cr profit on Rs 1,019 Cr revenue in Q2 FY26. Zoho-backed Ultraviolette disclosed Rs 32 Cr revenue alongside a Rs 116 Cr loss in FY25. VAHDAM India has turned profitable in FY25, with 95% of its revenue coming from global markets. Mosaic Wellness has doubled its revenue to Rs 736 Cr in FY25 and is nearing break-even. Acko revealed Rs 2,837 Cr revenue in FY25, reducing losses by 37%. Wingify’s profit has decreased by over 60% in FY25, with revenue rising to Rs 386 Cr. Digit Life Insurance reported a 31% revenue increase in H1 FY26 to Rs 858 Cr, with claims exceeding Rs 200 crore.
News Flash This Week
Capillary Technologies debuted at a 3% discount despite being 53X subscribed during its IPO. The government confirmed that 26 firms declared ‘no dark patterns’. Elevation Capital trimmed its Paytm stake through a bulk deal worth Rs 1,556 Cr. PhonePe recorded 9.4 billion UPI transactions in October. PhysicsWallah listed at Rs 145 with a 33% premium on the stock exchange.
