Indian Startup Funding — Startups Raised $371 Mn This Week

SUMMARY

30 startups raised $371 Mn during October 27-31, up 19% from $312.5 Mn raised by three startups in the preceding week

With lending tech startup Snapmint raising a mega round, fintech funding soared to the first position this week

Peak XV was the most active investor of the week, backing AI startup Mem0, lending tech SalarySe and Cybrilla

Funding momentum continued to remain strong in the Indian startup ecosystem towards the end of October. Between October 27 and 31, Indian startups cumulatively raised $371 Mn across 30 deals, marking a 19% uptick from the $312.5 Mn secured over a mere three deals in the preceding week.

Important to mention that the week also saw a $600 Mn secondary deal at PhonePe, with its investor General Atlantic doubling down on the fintech major in the run up to its IPO.

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Funding Galore: Indian Startup Funding Of The Week [ Oct 27 – Oct 31]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
31 Oct 2025	Snapmint	Fintech	Lending Tech	B2C	$125 Mn	Series B	General Atlantic, Prudent Investment Managers, Kae Capital, Elev8 Venture Partners	General Atlantic
30 Oct 2025	Drip Capital	Fintech	Lending Tech	B2B	$50 Mn	Debt	Toronto-Dominion Bank	Toronto-Dominion Bank
30 Oct 2025	Snabbit	Consumer Services	Quick Commerce	B2C	$30 Mn	Series C	Bertelsmann India Investments, Lightspeed, Elevation Capital, Nexus Venture Partners	Bertelsmann India Investments
30 Oct 2025	IntrCity SmartBus	Travel Tech	Booking Services	B2C	$28.2 Mn	Series D	A91 Partners	A91 Partners
29 Oct 2025	Mem0	AI	Application Layer	B2B	$24 Mn	Series A	Basis Set Ventures, Peak XV Partners, Kindred Ventures, GitHub Fund, Y Combinator	Basis Set Ventures
28 Oct 2025	Optimo Capital	Fintech	Lending Tech	B2B	$17.5 Mn	Series A	Prashant Pitti, Blume Ventures, Omnivore	Prashant Pitti
30 Oct 2025	Jupiter	Fintech	Banking	B2C	$15 Mn	–	Mirae Asset Venture Investments, BEENEXT, 3one4 Capital, Jitendra Gupta (founder, Jupiter)	–
31 Oct 2025	GOYAZ	Ecommerce	D2C	B2C	$14.7 Mn	Series A	Norwest	Norwest
31 Oct 2025	Pluro Fertility	Healthtech	In-Clinic Healthcare	B2B	$14.1 Mn	Series A	Bessemer Venture Partners, Vikram Chatwal (chairman, Medi Assist), Dharmil Sheth (cofounder, PharmEasy), Hardik Dedhia (cofounder, AllHome Bharat Platform), Salil Musale (Astarc Ventures), Shalibhadra Shah (Motilal Oswal), Niket Shah (Motilal Oswal), Karan Kapur (director, K Hospitality)	Bessemer Venture Partners
30 Oct 2025	SalarySe	Fintech	Lending Tech	B2C	$11.3 Mn	Series A	Flourish Ventures, Susquehanna Asia VC, Peak XV Partners (Surge), Pravega Ventures	Flourish Ventures
29 Oct 2025	Lyzr	AI	Application Layer	B2B	$8 Mn	Series A	Rocketship.vc, Accenture, Firstsource, Plug and Play Tech Center, GFT Ventures, BGV (Benhamou Global Ventures), PFNYC (Partner Fund New York City)	Rocketship.vc
30 Oct 2025	PointAI	AI	Application Layer	B2B	$5.3 Mn	Pre-Series A	Yali Capital, Tremis Capital, Lip-Bu Tan (Walden International)	Yali Capital
27 Oct 2025	HYDGEN	Cleantech	Climate Tech	B2B	$5 Mn	–	Transition VC, Cloudberry Pioneer Investments, Moringa Ventures	Transition VC
29 Oct 2025	TSUYO Manufacturing	Cleantech	Electric Vehicles	B2B	$4.5 Mn	Pre-Series A	Avaana Capital	Avaana Capital
30 Oct 2025	Helex	Healthtech	Lifescience	B2B	$3.5 Mn	Seed	pi Ventures, Bluehill VC, SOSV	pi Ventures
29 Oct 2025	Fambo	Agritech	Market Linkage	B2B	$2.4 Mn	–	AgriSURE Fund, EV2 Ventures	AgriSURE Fund
29 Oct 2025	Oroos	Ecommerce	D2C	B2C	$2.3 Mn	–	Fireside Ventures, SBI	Fireside Ventures
29 Oct 2025	Happi Planet	Ecommerce	D2C	B2C	$2 Mn	–	Fireside Ventures, Prath Ventures	Fireside Ventures
30 Oct 2025	Openhouse	Real Estate Tech	Property Listing & Discovery	B2C	$2 Mn	Seed	IndiaQuotient, Mohit Gupta (Zomato), Gunjan Patidar (Zomato), Gaurav Sharma (SaaS Labs), Ramanshu Mahaur (Spinny)	IndiaQuotient
30 Oct 2025	Redacto	AI	Application Layer	B2B	$1.4 Mn	Seed	PeerCapital, Antler India	PeerCapital, Antler India
30 Oct 2025	Vijya Fintech	Fintech	Investment Tech	B2B	$1.4 Mn	Seed	–	–
27 Oct 2025	Neulife	Ecommerce	D2C	B2C	$1 Mn	Seed	Subhkam Ventures, Singularity Ventures, Sunicon Ventures, Cosma Ventures	Subhkam Ventures, Singularity Ventures
29 Oct 2025	SaveSage	Fintech	Lending Tech	B2C	$1 Mn	Pre-Seed	DSP Family Office, Venture Catalysts, Bhavesh Gupta, NR Narayanan, Lalit Wadhwa, Suvrat Sehgal	–
30 Oct 2025	Beyond Renewables & Recycling	Cleantech	Climate Tech	B2B	$563K	Pre-Seed	Momentum Capital, Venture Catalysts, IIMA Ventures, Oorjan Cleantech, Gautam Das (founder, Oorjan)	Momentum Capital
29 Oct 2025	StampMyVista	Travel Tech	Online Travel Agency	B2B	$451K	–	Unicorn India Ventures	Unicorn India Ventures
30 Oct 2025	Exiles Interactives	Media & Entertainment	Gaming	B2C	$355K	Pre-Seed	Chimera VC, Warmup Ventures, IndigoEdge, Dhruv Vohra, Sourav Gupta	Chimera VC
27 Oct 2025	FinalLayer	AI	Application Layer	B2B	–	–	Beyond Next Ventures	Beyond Next Ventures
29 Oct 2025	Satark AI	AI	Application Layer	B2B	–	Pre-Seed	Infynno Solutions	Infynno Solutions
28 Oct 2025	Cybrilla	Fintech	Fintech SaaS	B2B	–	Pre-Series A	360 ONE WAM, Peak XV Partners, Groww	360 ONE WAM
29 Oct 2025	Nova Nova	Ecommerce	D2C	B2C	–	Pre-Series A	Enrission India Capital	Enrission India Capital
30 Oct 2025	PhonePe	Fintech	Banking	B2C	$600 Mn*	Secondary Round	General Atlantic	General Atlantic
	*Completely subscribed. Source: Inc42 Note: Only disclosed funding rounds have been included

Key Startup Funding Highlights Of The Week

With lending tech startup Snapmint raising a mega round, fintech funding soared to the first position this week. Nine fintech startups raised $221.2 Mn.
AI as a sector continued to be high on investor priority list as six AI startups cracked new funding deals, securing $38.7 Mn in total funding.
Peak XV was the most active investor of the week, backing AI startup Mem0, lending tech SalarySe and Cybrilla.
Nine startups at the seed stage raised $7.8 Mn this week.

Startup IPO Updates This Week

After raising INR 190 Cr in its pre-IPO round, Lenskart’s IPO opened on Friday to a strong investor response. The company’s public offering saw 110% subscription on day one.
Fintech major Groww filed its RHP for its INR 6,600 Cr IPO on Thursday. The company has set a price band of INR 95 to INR 100 for its IPO, which is scheduled to open on November 4.
Months after receiving the greenlight for its confidential IPO papers, consumer electronics company boAt filed its updated DRHP with SEBI or an INR 1,500 Cr IPO on Wednesday. The company has cut its IPO size by 20% from INR 2,000 Cr IPO previously.
Curefoods secured the markets regulator SEBI’s nod to proceed with its public listing. The company’s IPO would comprise a fresh issue of shares worth up to INR 800 Cr ($304 Mn) and an offer for sale (OFS) of up to 4.85 Cr equity shares.

Startup Fund Updates Of The Week

In a bid to modernise its offerings, conglomerate Dabur launched an INR 500 Cr venture arm to invest in emerging D2C startups across categories like personal care, healthcare, wellness foods, beverages and ayurveda.
Gruhas and Collective Artists Network closed their maiden Gruhas Collective Consumer Fund (GCCF) at INR 100 Cr. The firm plans to raise an additional INR 50 Cr via a green shoe option. The fund is dedicated solely to consumer-facing startups.
Blume Ventures announced the first close of its Fund V at $175 Mn. The funds would be allocated to back 30-35 startups, primarily from consumer, fintech, healthtech, and deeptech sectors.

Other Developments Of The Week

On the sidelines of its Q2 disclosures, foodtech giant Swiggy announced that its board would be mulling undertaking its first fundraise since listing. The company is planning to raise up to INR 10,000 Cr via a qualified institutional placement (QIP) for the expansion of its quick commerce vertical Instamart.
Dairy company Heritage Foods is set to acquire controlling (51% stake) in D2C dessert brand Get-A-Way’s parent for INR 9 Cr.
Stanza Living is eyeing the raise of INR 282.8 Cr (around $32 Mn) in a new round led by its early backer Accel and new investor Motilal Oswal.
Ola Electric’s board approved the raise of INR 1,500 Cr in fresh capital via routes that could range from public offer, rights issue, QIP or private placement.