Indian startups secured $236.2 million in funding across 25 deals between October 12 and October 16, marking a 92.2% increase from the previous week’s $122.9 million, according to inc42.com. Notable rounds included Boldfit’s $41.8 million Series B and GreenCell Mobility’s $34.6 million raise in travel tech.
The largest funding round was led by Bharat Value Fund for Boldfit, an ecommerce D2C startup, on October 12. GreenCell Mobility, specializing in electric mobility-as-a-service, raised $34.6 million from Impact Fund Denmark on October 13. Other significant rounds included RapidCanvas, an AI application layer startup, which closed a $29 million Series B led by Vertex Ventures SEA & India on October 16.
This surge in funding highlights growing investor interest in Indian new-age tech ventures spanning ecommerce, travel tech, AI, and robotics. The $20 million raised by Origin, a robotics startup, attracted investments from Accel and Zacua Ventures. The diversity of sectors and strong participation from global and domestic investors reflect the expanding startup ecosystem in India.
The next major funding announcement is expected from startups closing deals later this month, following the momentum of this week’s activity. The $236.2 million raised this week sets a high benchmark for October’s overall startup funding tally, as reported by inc42.com.