Indian Startup Funding — Startups Raised $163 Mn This Week

SUMMARY

Between November 10 and 14, 22 startups raised $162.9 Mn, marking a 32% decline from the $237.8 Mn raised by 20 startups in the preceding week

GVFL was the most active startup investor this week, backing Brandworks Technologies, HRS Navigation and DOCO

The ecommerce sector saw the highest deal volume with five startups raising a combined $24.2 Mn

Amid heightened startup IPO activity this week, the private funding trends in the world’s third largest startup ecosystem witnessed slight turbulence. Between November 10 and 14, 22 startups raised $162.9 Mn, marking a 32% decline from the $237.8 Mn raised by 20 startups in the preceding week.

Funding Galore: Indian Startup Funding Of The Week [ Nov 10 – 14 ]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
11 Nov 2025	Finnable	Fintech	Lending Tech	B2C	$56.5 Mn	–	Z47, TVS Capital	Z47, TVS Capital
13 Nov 2025	Attentive AI	AI	Application Layer	B2B	$30.5 Mn	Series B	Insight Partners, Vertex Ventures, Tenacity Ventures, Info Edge Ventures	Insight Partners
12 Nov 2025	Tetr College	Edtech	Digital Learning Platform	B2C	$18 Mn	–	Owl Ventures, Bertelsmann India Investments	Owl Ventures, Bertelsmann India Investments
12 Nov 2025	Bombay Shaving Company	Ecommerce	D2C	B2C	$16.3 Mn*	–	Sixth Sense Ventures, Shantanu Deshpande (founder, BSC), Rahul Dravid (former cricketer)	Sixth Sense Ventures
13 Nov 2025	Brandworks Technologies	Enterprise Services	Manufacturing Solutions	B2B	$11 Mn	Series A**	Roha Family Office, Cactus Partners, GVFL	–
12 Nov 2025	HRS Navigation	Health Tech	Healthcare Devices	B2B	$5 Mn	Pre-Series A	GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank, KITVEN	GVFL, Physis Capital, Sathguru Catalysers
14 Nov 2025	Codeyoung	Edtech	Digital Learning Platform	B2C	$5 Mn*	Series A	12 Flags Group, Enzia Ventures	12 Flags Group, Enzia Ventures
12 Nov 2025	Haus & Kinder	Ecommerce	D2C	B2C	$3.4 Mn	–	Sauce.vc	Sauce.vc
11 Nov 2025	shoppin’	Ecommerce	Vertical Marketplace	B2C	$3 Mn	Seed	Mixi Global Investments, Info Edge Ventures	Mixi Global Investments
11 Nov 2025	QuickShift	Logistics	Shipping & Delivery	B2B	$2.5 Mn	Pre-Series A	Atomic Capital, Axilor Ventures	Atomic Capital
13 Nov 2025	Nia.one	Enterprise Tech	Horizontal SaaS	B2B	$2.4 Mn	Seed	Elevar Equity	Elevar Equity
11 Nov 2025	GreenFi	Fintech	Fintech SaaS	B2B	$2 Mn	Seed	Transition VC	Transition VC
12 Nov 2025	Nyayanidhi	AI	Application Layer	B2B	$2 Mn	Seed	3one4 Capital, DeVC, PeerCheque, Force Ventures, Nishchay AG (cofounder, Jar)	3one4 Capital
12 Nov 2025	FES Café	Ecommerce	D2C	B2C	$1 Mn	Pre-Series A	12 Flags, Wolfpack Labs	12 Flags
11 Nov 2025	Praan Health	Health Tech	In-Clinic Healthcare	B2C	$958K	Seed	Rainmatter Investments, WEH Ventures, Alakh Pandey (PhysicsWallah), Prateek Maheshwari (PhysicsWallah), Arjun Vaidya (V3 Ventures)	Rainmatter Investments
12 Nov 2025	&Done	Ecommerce	D2C	B2C	$733K	Pre-Seed	All In Capital, MG Investments	All In Capital
12 Nov 2025	Alive	Consumer Services	Hyperlocal Services	B2C	$676K	–	Powerhouse Ventures	Powerhouse Ventures
13 Nov 2025	Coratia Technologies	Advanced Hardware & Technology	Maritime Tech	B2B, B2G	$565K	–	Piper Serica	Piper Serica
12 Nov 2025	DOCO	Ecommerce	Ecommerce Enablers	B2B	$507K	Pre-Seed	GVFL, Malpani Ventures, Kunwar Asheesh Saxena (RedDoorz)	GVFL
14 Nov 2025	ExtraMile Play	Enterprise Services	–	B2B	$500K	Seed	GSF, Mount Judi Ventures, GrowthSense, Growth91	GSF
10 Nov 2025	Trishul Space	Advanced Hardware & Technology	Spacetech	B2B	$451K	Pre-Seed	IAN Angel Fund, 8X Ventures, ITEL	IAN Angel Fund
13 Nov 2025	ACS Energy	Cleantech	Electric Vehicles	B2B	$124K	Pre-Seed	Inflection Point Ventures	Inflection Point Ventures
	Source: Inc42 Includes both primary and secondary transactions *Raised across two tranches Note: Only disclosed funding rounds have been included

Key Startup Funding Highlights Of The Week

Lending tech startup Finnable raised the largest cheque of INR 500 Cr ($56.5 Mn) this week. On the back of this, fintech emerged as the most funded sector this week.
The ecommerce sector saw the highest deal volume with five startups raising a combined $24.2 Mn.
GVFL was the most active startup investor this week, backing Brandworks Technologies, HRS Navigation and DOCO.
Ten startups at the seed stage raised $12.4 Mn this week, marking a slight uptick from the $11.9 Mn raised by startups at this stage last week.

Startup IPO Updates This Week

After closing their IPOs with oversubscriptions, Groww, Lenskart and Pine Labs debuted on the public markets this week. Groww’s shares jumped over 30% from its listing price, Lenskart ended the week with 2% gains, while Pine Labs listed at a premium of nearly 10% on Friday.
PhysicsWallah’s IPO closed with a 1.81X oversubscription this week, with investors bidding for 33 Cr shares against 18 Cr shares on offer.
Capillary Technologies’ IPO saw a steady demand on its opening day on Friday The public issue ended the day with 28% subscription, receiving bids for 23.68 Lakh shares against 83.83 Lakh shares on offer.
InCred Holdings, the parent of NBFC major InCred Financial Services, pre-filed its DRHP with SEBI via the confidential route.
Info Edge-backed edtech SaaS company Meritto (formerly NoPaperForms) filed its IPO papers with the SEBI, confidentially.
IIT Bombay incubated deeptech startup SEDEMAC filed its DRHP with the SEBI for an IPO consisting solely of an offer for sale component.

M&A Activities This Week

Chennai-based software testing startup Devzery was acquired by US-based video infrastructure company VideoDB.
Private equity giant Blackstone and Japanese VC major SoftBank are reportedly in early discussions to acquire stakes in homegrown AI cloud infrastructure platform Neysa.
Listed auto classified platform CarTrade initiated talks with Girnar Software, the parent entity of CarDekho, for a potential acquisition of its new and used automotive classifieds businesses.
The CCI approved the proposed merger of four entities owned by Girnar Group and RenewBuy into Artivatic Data Labs, an insurtech startup RenewBuy acquired in 2022.

Other Developments Of The Week

Angel network firm Hyderabad Angels Network (HAN) launched a category I alternative investment fund (AIF), Hyderabad Angels Fund (HAF), with a target corpus of INR 100 Cr ($11.3 Mn).
Pune-based deeptech startup Ecozen is in talks to raise up to INR 111.6 Cr (nearly $12.6 Mn) in debt funding from UTI International and Spark Capital.