CONNECT WITH US
Funding Tracker

Funding Tracker

Funding and acquisitions in Indian startups this week [Oct 26- Oct 31]

Entrackr – Report logo

Published on

Add as a preferred source on Google
Funding and acquisitions in Indian startups this week [Oct 26- Oct 31]

This week, 28 Indian startups raised $115 million across 4 growth-stage deals, 24 early-stage deals including one undisclosed round. The week also saw 6 key appointments and a departure. 

In contrast, 15 startups had collectively secured about $133.9 million in the previous week.

Growth-stage startups raised $42.34 million across four deals this week, led by Simplismart and Live2.ai, which secured $14 million each. E-commerce brand Troovy raised $11.5 million in a Series B round led by Sharrp Ventures with participation from Info Edge, WaterBridge and Better Capital.

Early-stage startups raised $72.25 million across 24 deals this week, led by healthtech startup Cent, which secured $15 million in a Series A round led by Blume Ventures and South Park Commos. Gaming startup Matiks raised $10 million in its pre-Series A round led by General Catalyst.

E-commerce platform Ace Blend raised $9.91 million in Series A round from 3one4 Capital. Luxury watch brand Rotoris raised Rs 70 crore (about $7.4 million) in a Series A funding round led by Blume Ventures.

Other startups that raised funding this week included fintech brand Mochatrade, gaming startup Let’s Game Now, manufacturing firm Venttup, healthtech startup Jagruti Rehabilitation Centre, QwikBuild and others. 

Bengaluru led startup funding activity with 14 deals during the week, followed by Delhi-NCR with five deals and Mumbai with three deals. Chennai, Pune, Rourkela, Kerala and Hyderabad also recorded funding this week.

E-commerce startups led the sectors with 8 deals, followed by AI startups which grabbed 6 deals. Meanwhile healthtech, gaming, deeptech, fintech and spiritual tech startups also saw funding activity.


Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.