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From GIVA To EloElo Group — Indian Startups Raised $255 Mn This Week

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From GIVA To EloElo Group — Indian Startups Raised $255 Mn This Week

Startup funding activity gathered steam in the first week of November. As per Inc42 data, 20 Indian startups cumulatively raised $255 Mn between November 2 and 6. This marks a 96% uptick from $130.3 Mn raised last week.

However, deal count declined 38% to 20 as against 32 in the preceding week.

NBCUniversal, Hornbill Capital, MIT Investment Co., Play Ventures, Kalaari Capital, Waterbridge Ventures, Griffin Gaming Partners

Transition Venture Capital, Omnivore, Chiranjeev Singh Saluja (Angel), Sudhir M Reddy (Angel)

Flourish Ventures, Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures, DeVC

On the back of GIVA’s mega $103 Mn fundraise , ecommerce emerged as the most funded sector this week. Besides GIVA, early-stage BPC brand Hyeglo Beauty also raised $744K in a round led by Sauce.vc.

Deeptech minted the highest number of deals this week. Four startups, operating across the advanced hardware and technology segment, raised a nifty $21 Mn.

Omnivore emerged as the most active investor this week, backing altM and Two Point O Capital .

Wealth management group Daksham Capital launched its maiden consumer-focused fund with a target corpus of ₹300 Cr. This also includes a ₹150 Cr greenshoe option.

SEBI has greenlit Razorpay’s ₹5,000 Cr-₹6,000 Cr IPO . The issue is expected to value the company at around ₹47,000 Cr, with a listing likely scheduled between January and March 2027.

Early backer Blue Ashva Capital has exited iD Fresh Food . The VC firm offloaded its entire stake in the startup for ₹50 Cr via a secondary transaction.


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