Startups funding report shows Indian startups raising $258.1 million in the latest week (November 2 to 7) across 28 startups, comprising 3 growth-stage deals and 17 early-stage deals, including two undisclosed rounds. The week also saw 9 key appointments, 1 departure, 2 fund launches, 1 ESOP buyback, and 1 acquisition, as funding more than doubled from the previous week.

Key Highlights

• Indian startup funding report shows Indian startup raising $258.1 million across 28 deals, led by GIVA’s $100 million funding round.
• Bengaluru led with six deals, while e-commerce and AI topped sector-wise activity with three deals each.

Weekly Funding Trend

On a week-on-week basis, startup funding more than doubled to $258.1 million from $115 million raised the previous week. The average weekly funding over the past eight weeks stands at around $198 million across 23 deals, so this week’s total came in above the recent trend.

Growth-Stage Deals Total $190.5 Million

Growth-stage startups raised $190.5 million across three deals. Jewellery brand GIVA led with a $100 million funding round led by Multiples Alternate Asset Management.

Bengaluru-based consumer AI and entertainment company EloElo Group followed with an $80 million Series C round led by Hornbill Capital and NBCUniversal. Pune-based robotics startup Peppermint Robotics raised Rs 100 crore (around $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners.

Early-Stage Startups Raise $67.6 Million

Early-stage startups collectively raised $67.6 million across 17 deals. Pune-based healthtech startup Clinics On Cloud led with a $12.5 million Series A round from Dubai-based investors through Model42, powered by Enlightened Minds Investments. Bengaluru-based specialty Bengaluru startup altM followed with a $10.3 million Series A round led by Rainmatter by Zerodha and Mela Ventures.

AI-powered clean energy platform Two Point O Capital (TW.O) raised $10 million in a round led by Transition Venture Capital. Wealthtech platform PowerUp Money secured $10 million led by Flourish Ventures, with participation from existing investors including Peak XV Partners, Accel, and Blume Ventures.

Other funded startups included spacetech startup Cosmoserve Space, defence technology company Axial Aero, autonomous delivery robot developer Ottonomy, biotechnology company Venomics AI, and QSR startup The Croffle Guys.

City and Sector-Wise Funding Trends

Bengaluru led startup funding activity with six deals, followed by Delhi-NCR and Mumbai with five deals each. Pune, Hyderabad, and Gandhinagar also recorded funding.

E-commerce and AI startups led sector-wise activity with three deals each, followed by healthtech, manufacturing, fintech, foodtech, and gaming with two deals each. Robotics, spacetech, and deeptech startups also secured funding. By stage, seed rounds led with eight deals, followed by Series A (4) and pre-seed (3), while Series C, pre-Series B, pre-Series A, and angel rounds also saw activity.

Key Hires

• Porter appointed Gaurav Jain as CFO, while Shubham Gupta and Mohit Rathi were elevated to CTO and CMO, respectively.
• MathCo appointed Vijay Raj to its advisory board.
• Avendus named Sumit Agarwal as managing director and head of equity corporate finance.
• Fulcrum Digital appointed Latha Nathan as senior vice president of India delivery operations.
• UiPath named Yashdeep Vaishnav as its India country manager.
• Fireside Ventures co-founder and partner Vinay Singh will exit the firm after nearly a decade, as he plans to explore opportunities in agentic commerce.

Fund Launches

Daksham Growth Ventures (DGV), the growth investment platform of multi-family office and private wealth management group Daksham Capital, raised ₹125 crore in the first close of its maiden consumer-focused fund, DGV Fund I.

Private equity fund ValueQuest Tristar Fund, which backs India’s advanced manufacturing sector across aerospace, defence, precision engineering, and energy transition, secured over Rs 2,100 crore in investor commitments within 15 months of its first close, surpassing its target and full greenshoe.

Mergers and Acquisitions

Pronto founder Anjali Sardana’s physical AI venture Provision Labs acquired Mumbai-based hardware startup Basilisk Industries for an undisclosed sum. Basilisk founder Shourya Watwani will lead Provision’s hardware efforts and develop its in-house post-processing models.

ESOP Buyback

Talent mobility platform Leverage Edu launched its third ESOP buyback programme and granted stock options to 100 more employees, taking the share of its workforce with equity in the company to 23%. The programme allows employees to cash out a portion of their vested options. The company previously conducted buybacks in June 2022 and June 2024.

Also Read: Startup Funding Report: 28 Firms Raise $115 Mn in the Latest Week

Major News and Developments This Week

Bengaluru-based wealthtech startup Scripbox approved its conversion into a public limited company, signalling preparations for a potential IPO. According to regulatory filings, the board approved changing its name to Scripbox Wealth Managers Limited. The proposed IPO will comprise a fresh issue and an offer for sale (OFS) by existing shareholders.

Fintech unicorn Razorpay received SEBI approval for its proposed IPO, according to sources. The company had confidentially filed its DRHP in June 2026 and is targeting to raise Rs 5,500-6,500 crore at an expected valuation of $5 billion (Rs 49,000-50,000 crore). It is expected to file its final IPO papers before March 2027.

India’s electric two-wheeler market recorded 2,23,847 registrations in October, up from 2,08,705 units in September, according to Vahan data. TVS Motor retained the top spot with 60,429 registrations and a 27% market share, followed by Bajaj Auto with 49,067 units (21.92%). Ather Energy ranked third with 31,796 registrations, up 2.75% month-on-month, while Hero MotoCorp recorded 29,901 units, up 22.34%. Ola Electric remained fifth with 12,096 registrations, down 10.12%, the only player among the top five to report a monthly decline.

UPI processed a record 25.47 billion transactions worth Rs 31.53 lakh crore in October 2026, according to NPCI data. Volume rose 5.8% month-on-month from 24.07 billion in September, while value increased 7.4% from Rs 29.37 lakh crore. Year-on-year, volume grew 23% and value 16%. On a daily basis, UPI averaged 822 million transactions worth Rs 1.02 lakh crore, up from 802 million worth Rs 97,913 crore in September.

Angel One overtook Zerodha to become India’s second-largest stock broking platforms in October 2026, adding nearly 2.43 lakh active clients during the month. Groww maintained its leadership with over 1.37 crore active clients, while discount broking platform Sahi recorded the fastest monthly growth among the top 20 brokers.

New Launches and Partnerships

• Cashfree launched Checkout for Agents, becoming the first Indian payments company to integrate the WebMCP standard into its checkout, enabling AI agents to complete transactions on behalf of consumers. It is available across hosted checkout, payment forms, and payment links without requiring merchants to change existing integrations, and could reduce token consumption during checkout by over 40%.
• super.money launched 24-karat digital gold on its app ahead of Dhanteras, with purchases starting at Rs 10 and assured 3% cashback on every purchase. Sourced and stored through SafeGold, the offering carries no making or storage charges. Cashback is capped at Rs 9,000 per user per month, with a purchase limit of Rs 50,000.
• InMobi signed a 30-year agreement with Bangalore Metro Rail Corporation Limited (BMRCL) for naming rights to Ibbaluru Metro Station in Bengaluru, paying Rs 65 crore excluding GST. The station will be renamed InMobi Ibbaluru Metro Station.
• Procol will launch Clara 2.0, a multi-agent source-to-pay platform, at the Gartner IT Symposium Kochi. It features specialised AI agents for procurement and finance and has helped reduce procurement cycle times by up to 80% across Procol’s customer base.