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From DailyObjects To StockGro — Indian Startups Raised About $123 Mn This Week

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From DailyObjects To StockGro — Indian Startups Raised About $123 Mn This Week

Indian startup funding fell 47.4% in the first week of October, with 25 startups raising $122.9 Mn between October 5 and October 9. Startups raised $233.6 Mn raised across 16 deals last week.

Funding Galore: Indian Startup Funding Of The Week [Oct 5 – 9]

BITKRAFT Ventures, Aditum Venture Capital Fund, India SME Growth Fund, Sunil Shetty (Actor)

Source: Inc42 * Mix of primary and secondary transactions ** Mix of equity and debt *** Part of a larger round

Ecommerce dominated the funding charts this week, attracting $63.9 Mn across nine deals. DailyObjects’ $34.3 Mn Series C emerged as the biggest contributor, accounting for over half of the total capital deployed in the segment.

Fintech ranked second with $24 Mn in funding, followed by advanced hardware and technology at $10 Mn. Edtech and healthtech secured $9 Mn and $8 Mn, respectively.

Early-stage funding gained traction, with pre-seed and seed-stage startups collectively raising $12.5 Mn across nine deals.

3one4 Capital, Fireside Ventures, Prime Venture Partners and AJVC led investor activity, backing two startups apiece.

Hoola Health acquired early-childhood development platform UpTodd to strengthen its paediatric care offerings.

Marico acquired an additional 24.09% stake in plant-based nutrition and personal care brand Plix for ₹1,012.03 Cr in an all-cash deal, taking its total holding to 84.09%.

Walmart-owned Flipkart acquired a minority stake in Delhi-based B2B travel tech startup TravClan to strengthen its international travel offerings and expand holiday packages through Cleartrip and Flipkart Travel.

Swara Baby Products, a contract manufacturer of disposable hygiene products and a subsidiary of FirstCry parent Brainbees Solutions, received SEBI’s approval for its proposed ₹1,000 Cr IPO.


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