Indian startups secured $122.9 million in funding across 25 deals between October 5 and October 9, marking a 47.4% decline from the previous week’s $233.6 million raised in 16 deals, according to inc42.com. The largest funding round was DailyObjects’ $34.3 million Series C, followed by Lumio’s $12 million Series A and Beyond Appliances’ $10.4 million Series B.
The funding activity included notable investments such as StockGro’s $10.4 million Series B led by BITKRAFT Ventures, and Quanfluence’s $10 million round backed by Chiratae Ventures. Other startups raising capital were NeoGrowth, which secured $8.7 million with support from the Dutch Development Bank FMO, and byteXL, which raised $9 million from Elevar Equity and Kalaari Capital. Sunfox Technologies also raised $7 million in a Series A round.
This week’s funding slowdown contrasts with the previous week’s surge but still highlights sustained investor interest in sectors like ecommerce, fintech, and edtech. DailyObjects’ Series C round exemplifies continued confidence in direct-to-consumer ecommerce, while fintech startups like StockGro and NeoGrowth attracted significant capital, reflecting ongoing demand for investment and lending technology solutions in India.
The next major funding update will be available after October 16, when data on subsequent deals is expected to be published, providing further insight into trends shaping India’s startup investment landscape.