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Funding Tracker

Funding and acquisitions in Indian startups this week [Nov 02- Nov 07]

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Funding and acquisitions in Indian startups this week [Nov 02- Nov 07]

This week, 28 Indian startups raised $258.1 million across three growth-stage deals and 17 early-stage deals, including two undisclosed rounds. The week also saw nine key appointments and one departure, two fund launches, an ESOP buyback and an acquisition.

In contrast, 28 startups had collectively secured about $115 million in the previous week.

Growth-stage startups raised $190.5 million across three deals this week. Jewellery brand GIVA led the pack 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 raised $67.6 million across 17 deals this week. Pune-based health-tech 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 chemicals 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, while 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 startups that raised funding this week included spacetech startup Cosmoserve Space, defence technology company Axial Aero, AI-powered autonomous delivery robot developer Ottonomy, biotechnology companyVenomics AI , QSR startup The Croffle Guys and others.


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