Indian startups raised $236.2 Mn across 25 deals between October 12 and October 16. This showed a 92.2% jump from the previous week. Accel got busy and backed four startups, while other firms like Hitachi Ventures also participated. Many new-age tech ventures used these funds to grow their business models.
Accel emerged as the most active investor of the week and backed four startups. Hitachi Ventures, 3one4Capital and IPV also participated in multiple rounds this week
Startup funding continued to pick up pace in the second week of October. Overall, Indian new-age tech ventures raised $236.2 Mn across 25 deals between October 12 and October 16. This was 92.2% higher from the previous week, when 25 startups raised $122.9 Mn.
Funding Galore: Indian Startup Funding Of The Week Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor 12 Oct 2026 Boldfit Ecommerce D2C B2C $41.8 Mn Series B Bharat Value Fund Bharat Value Fund 13 Oct 2026 GreenCell Mobility Travel Tech Electric MaaS B2B $34.6 Mn - Impact Fund Denmark Impact Fund Denmark 16 Oct 2026 RapidCanvas AI Application Layer B2B $29 Mn Series B Vertex Ventures SEA & India, Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners, Titanium Ventures Vertex Ventures SEA & India 14 Oct 2026 Scimplify Enterprise Services Manufacturing Soutions B2B $25 Mn - Hitachi Ventures, Accel, Bertelsmann India Investments, 3one4 Capital, Omnivore, Teknor Apex, Henkel Hitachi Ventures 16 Oct 2026 Origin Advanced Hardware & Technology Robotics B2B $20 Mn - Accel, Zacua Ventures,Unilazer Ventures, Schema Ventures, Z21, Vivin Hegde (Zacua Ventures) Accel, Zacua Ventures 15 Oct 2026 Confido Health Health Tech Healthcare SaaS B2B $12.5 Mn Series A Z47, Together Fund, Blume Ventures, Justin Saks (Private Equity Investor) Z47 13 Oct 2026 MESA School Bag Edtech Offline Education B2C $11.4 Mn * Series A Dharana Capital, Elevation Capital, InnoVen Capital, Alteria Capital Dharana Capital, Elevation Capital 14 Oct 2026 Spill Games Media & Entertainment Gaming B2C $10.5 Mn Series A Elevation Capital, Centre Court Capital, PeerCapital Elevation Capital 13 Oct 2026 Clueso AI Application Layer B2B $10 Mn Series A Dharana Capital, Founders Future, Neotribe Ventures, Y Combinator, F7 Ventures Dharana Capital 13 Oct 2026 MakeO Health Tech In-Clincal Heathcare B2C $9.4 Mn - Singularity AMC, DSP family office, Genesis, Unispace Ventures Singularity AMC 14 Oct 2026 Parallel Loop AI Application Layer B2B $6.6 Mn Seed 3one4 Capital, Picus Capital, Flourish Ventures, Economic Development Innovations Singapore. 3one4 Capital 15 Oct 2026 Shamrock AI AI Application Layer B2B $5 Mn Seed Endiya Partners, Capria Ventures Endiya Partners 13 Oct 2026 NuSynth Enterprise Services Manufacturing Soutions B2B $4 Mn Seed Avaana Capital, Shastra VC Avaana Capital, Shastra VC 13 Oct 2026 ThinkMetal Enterprise Services Manufacturing Soutions B2B $2.8 Mn - IAN Alpha Fund, VC 3i Partners IAN Alpha Fund 14 Oct 2026 Circle Ecommerce Recommerce B2C $2.6 Mn Seed Nexus Venture Partners, Titan Capital Raveen Sastry (Myntra), Ajith Pai (Delhivery) Nexus Venture Partners 14 Oct 2026 RevRag.AI AI Application Layer B2B $2.5 Mn Seed Accion Ventures, Cedar Hill Capital, Wyser, Venture Catalysts Accion Ventures 14 Oct 2026 The Stack Ecommerce D2C B2C $2.2 Mn - Sauce.vc, OTP Ventures, Huddle Ventures, AYRA Ventures Sauce.vc, OTP Ventures, Huddle Ventures 14 Oct 2026 OXG Space Advanced Hardware & Technology Space Tech B2B $1.7 Mn _ Aum Ventures, India Innovation Fund II, Pawan Kumar Chandana (Skyroot), Bharath Daka (Skyroot), Dr. Chiran Phanindra (Cosmoserve) Aum Ventures 16 Oct 2026 Cosmochute Advanced Hardware & Technology Robotics B2B $1.5 Mn Accel, Prosus Ventures, IIMA Ventures' Deep-tech and Aerospace Acceleration Fund, Operators Studio, Chinmayi Muthyala Accel, Prosus Ventures 13 Oct 2026 Foundry Ecommerce D2C B2C $1.2 Mn Pre-Seed BEENEXT, Kettleborough VC, Rishubh Satiya (Plix), Anindita Sampath (Yogabar), Anita Pramoda (Owned Outcomes) BEENEXT, Kettleborough VC 14 Oct 2026 RocketPay Fintech Fintech SaaS B2B $1 Mn - Sandeep Jain, Inflection Point Ventures, LetsVenture, Launch Capital, AVNM Ventures, Navyug Global Ventures, All In Capital Sandeep Jain 15 Oct 2026 AdGraam AI Application layer B2B $316K Seed Umair Mohammad (Nitro Commerce) Umair Mohammad (Nitro Commerce) 15 Oct 2026 Formial Labs Ecommerce D2C B2C $303K Pre-Seed Zeropearl VC Zeropearl VC 13 Oct 2026 wudhomes Ecommerce D2C B2C $263K Pre-Seed AJVC, Rohit Choudhary (Seekho), Keertay Agarwal (Seekho), Yash Banwani (Seekho) AJVC 15 Oct 2026 Vitonnix Ecommerce D2C B2C - Seed Inflection Point Ventures, Riteish Deshmukh (Actor), Boman Irani (Actor), Jaspinder Narula (Singer), Madhu Mantena (Film Producer) Inflection Point Ventures Source: Inc42 *Mix of equity and debt ** Part of a larger round
Key Startup Funding Highlights Of The Week
AI dominated the funding charts this week, attracting $53.4 Mn across six deals. RapidCanvas' $29 Mn Series B round accounted for 54.3% of the total capital deployed in the segment.
Ecommerce emerged as the second-most funded sector and lapped up $48.3 Mn, followed by travel tech at $34.6 Mn and enterprise services at $31.8 Mn. Advanced hardware and technology also attracted $23.2 Mn.
Early-stage funding continued to gather steam as pre-seed and seed-stage startups raised $25.9 Mn across 11 disclosed deals this week.
Accel emerged as the most active investor of the week, backing four startups. Other backers such as Hitachi Ventures, 3one4Capital and Inflection Point Ventures also participated in multiple rounds this week.
Startup M&A Updates Of The Week
IT advisory firm Infotech acquired Bengaluru-based SaaS startup Zluri to strengthen its application discovery and identity governance capabilities. The terms of the deal were not disclosed.
Nasdaq-listed SaaS major Freshworks signed a definitive agreement to acquire SaaS management platform Torii for an undisclosed amount to expand into AI spend management. The deal is expected to close by Q3 FY26.
Startup IPO Updates Of The Week
Zetwerk's public issue was subscribed 31% at the end of the second day of bidding. The B2B manufacturing startup's IPO comprises a fresh issue of shares worth ₹2,830 Cr and an OFS component of up to 14.45 Cr shares.
Investors made a beeline for Tonbo Imaging's ₹852 Cr IPO. The issue was subscribed 7.78X on the second day of bidding, receiving bids for 6.63 Cr shares as against 85.26 Lakh shares on offer. It is scheduled to list on the bourses on October 23.
Other Developments Of The Week
Bengaluru-based manufacturing Whizzo is in talks to raise around $26 Mn in a Series B round, which will likely be co-led by Aavishkaar Capital and Bertelsmann Investments.
Haircare startup Traya is also in talks to raise around ₹300 Cr from Verlinvest. The round, which will likely include both primary and secondary deals, could potentially value the startup between ₹2,500 Cr and ₹3,000 Cr.