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Funding Tracker

Funding and acquisitions in Indian startups this week [Oct 5- Oct 10]

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Funding and acquisitions in Indian startups this week [Oct 5- Oct 10]

This week, 28 Indian startups raised $113.35 million across 3 growth-stage deals, 22 early-stage deals, and 3 undisclosed rounds. The week also saw 8 key appointments, 3 fund launches and 2 mergers & acquisitions. 

In contrast, 24 startups had collectively secured about $411.46 million in the previous week.

Growth-stage startups raised $55.3 million across three deals this week, led by lifestyle-tech brand DailyObjects, which secured Rs 332 crore (nearly $35 million) in a Series C round led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital.

Smart kitchen appliance startup Beyond Appliances raised Rs 110 crore ($11.4 million) in a Series B round led by Fireside Ventures, while MSME-focused digital lender NeoGrowth secured Rs 85 crore in equity and debt funding from FMO and LeapFrog Investments.

Early-stage startups raised $58.05 million across 22 deals this week, led by photonic quantum technology startup Quanfluence, which secured $10 million from Chiratae Ventures and Rainmatter, followed by edtech startup byteXL with $9 million from Elevar Equity.

Medtech startup Sunfox Technologies raised $7 million in a Series A round co-led by Ashish Kacholia, Lashit Sanghvi, Alchemy Capital and 3one4 Capital, while quantum computing startup QpiAI secured Rs 50 crore in debt funding from InnoVen Capital.

Other funded startups included Omnichannel menswear brand Kisah, Wealth management startup Zomint, AI startup Desible.ai, healthtech SuperMush, Cold-pressed oil brand Gramiyaa, among others. 

Travel tech platform TravClan, financial information platform MoneyTruVa, and Biofortified staples brand Better Nutrition also raised funding this week but did not disclose the amounts.


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