Funding and acquisitions in Indian startup this week [Nov 03- Nov 08]

This week only 24 Indian startups raised a total of $242.88 million, comprising 5 growth-stage and 17 early-stage deals, while a startup kept its funding undisclosed.

In contrast, 34 startups had collectively secured about $334.88 million in the previous week.

[Growth-stage deals]

Growth and late-stage funding reached $154.7 million across five deals this week. The round was led by MoEngage, which raised $100 million in its Series F round from Goldman Sachs and A91 Partners. Spacewood Furnishers secured Rs 300 crore ($36 million) from A91 Partners, robotics startup Miko raised $10.5 million (Rs 93.5 crore) led by iHeartMedia, and Agnikul Cosmos bagged Rs 60 crore ($6.7 million) from Advenza Global and Atharva Green Ecotech after a two-year gap. Insurtech platform The Policy Exchange also secured funding this week.

[Early-stage deals]

On the early-stage front, 17 startups raised around $88.2 million this week. Giga led the pack with a $61 million Series A round from Redpoint Ventures, Y Combinator, and Nexus Venture Partners. Zynk raised $5 million in seed funding led by Hivemind Capital, while Stackbox secured $4 million from Enrission India Capital. Other funded startups include TABP (snacks and beverages), BabyOrgano (D2C Ayurvedic wellness), MeshDefend (AI security), and Ulook (space-tech), among others.

AI infrastructure startup Sistema.bio secured undisclosed funding this week, while Bajaj Financial Securities acquired stakes in Bengaluru-based customer data platform Lemnisk, giving partial exits to early investors including growX Ventures.

For a detailed funding breakdown, visit TheKredible.

[City and segment-wise deals]

By city-wise deal count, Bengaluru led with 9 deals, followed by Delhi-NCR with 6. Mumbai, Ahmedabad, Nagpur, Chennai, Coimbatore and Indore also recorded deals during the week.

Segment-wise, e-commerce startups led the week with 5 deals, followed by AI which secured 4 deals. Spacetech, Adtech, Robotics, Fintech and others also bagged funding during the period.

[Series-wise deals]

This week again seed rounds led the funding activity with 8 deals, followed by pre-Series A and Series A with 3 deals and 2 deals respectively. Series F, Series D , Series C and others also saw participation.

Visit TheKredible to see series-wise deals along with amount breakup, and more insights.

[Week-on-week funding trend]

On a weekly basis, startup funding declined by 27.6% to $242.43 million as compared to around $347.44 million raised during the previous week.

The average funding in the last eight weeks stands at around $345.2 million with 25 deals per week.

[Key Hirings / Departures]

EaseMyTrip appointed Sankalp Kaul as CTO, replacing Naimish Sinha, who resigned for personal reasons. GoKwik elevated Abhinav Midha to CBO, and BharatPe named Shilpi Kapoor as Head of Marketing. Delhivery’s CFO Amit Agarwal resigned effective December 31, 2025, with Vivek Pabari set to take over as CFO and Key Managerial Personnel from January 1, 2026. AI-powered digital classroom platform Roombr has appointed Fayyaz Hussain as Chief Growth Officer (CGO).

Aakash CFO Vipan Joshi has resigned after a nine-year tenure, while Zepto’s meat business CEO Chandan Rungta has stepped down less than a year into the role.

VisitTheKrediblefor more details

[Fund Launches]

ChrysCapital has closed Fund X at $2.2 billion, the largest private equity fund raised by an India-focused firm. Lighthouse Canton raised $40 million in a strategic round led by Peak XV Partners, with participation from Nextinfinity and existing investor Qatar Insurance Company. Former investment banker Dhruv Jhunjhunwala has launched Novastar Partners, an investment firm focused on India’s private markets.

[Mergers and Acquisitions]

Social gaming platform Zupee has acquired Australian AI startup Nucanon to develop a new storytelling vertical for an undisclosed sum. Spinny is set to acquire car servicing platform GoMechanic from its current consortium of owners. PB Fintech’s healthcare arm, PB Health, has bought Mumbai-based healthtech startup Fitterfly to strengthen its chronic disease management offerings. Circular economy startup Black Gold Recycling has acquired a majority stake in Reteck Envirotech, the Indian arm of global reverse supply chain leader Li Tong Group.

[Layoff]

On-demand logistics platform Porter has laid off 300–350 employees as part of cost-cutting measures. The move comes as the company prepares for a potential IPO and streamlines operations ahead of market entry.

[New Launches and Partnerships]

▪️ Zomato and Blinkit launch initiative to help delivery partners access government welfare schemes

▪️ Lokal diversifies into jobs and agri-tech with launch of Sahi Jobs and AgriLoka platforms

▪️ EpikDoc unveils AI-driven Pro platform and Patient LLM

▪️Paytm partners with Groq to boost AI infrastructure and operational efficiency

▪️ VilCart launches B2B2C digital marketplace for rural retailers and consumers

▪️ Delhivery to enter fintech space with new subsidiary

[Financial result this week]

▪️ XpressBees' losses soar 85% to Rs 370 Cr in FY25 amid flat revenue

▪️ Smartworks cuts losses by 81% in Q2 FY26; posts Rs 425 Cr revenue

▪️ Euler Motors reports Rs 191 Cr revenue and Rs 200 Cr loss in FY25

▪️ Ola Electric revenue falls 46% in Q2 FY26; controls losses

▪️ Delhivery slips into losses in Q2 FY26; revenue grows 17%

▪️ Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26

▪️ Tracxn losses rise 19% in Q2 FY26; revenue remains flat

▪️ Wakefit posts Rs 1,274 Cr revenue in FY25; losses widen

▪️ Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74%

▪️ Paytm posts Rs 2,061 Cr revenue and Rs 21 Cr profit in Q2 FY26

▪️ Bluestone revenue go past Rs 500 Cr in Q2 FY26; controls losses

▪️ Mobikwik losses surge 8X in Q2 FY26

▪️ Metalbook’s gross revenue crosses Rs 1,300 Cr in FY25

▪️ TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26

▪️ ZingHR turns profitable in FY25, revenue grows 21%

▪️ Gameberry Labs reports Rs 110 Cr PAT in FY25

[News flash this week]

▪️ TVS exits Rapido with Rs 288 Cr stake sale to Accel and Prosus

▪️ From tax arbitrage to IPO jackpot: The playbook behind India’s startup valuation

▪️ PhysicsWallah’s Rs 3,480 Cr IPO to open on Nov 11; co-founders cut their OFS size

▪️ Lenskart’s IPO subscribed nearly 30 times

▪️ Groww raises Rs 2,984 Cr from anchor investors ahead of IPO

▪️ Shiprocket receives SEBI nod for IPO

▪️ Pine Labs rewards CEO Amrish Rau with Rs 243 Cr ESOPs ahead of market debut

▪️ Pine Labs’ IPO values firm at $2.7 Bn; Peak XV eyes 40X return while Invesco stares at loss

[Summary]

On a weekly basis, startup funding declined by 27.6% to $242.43 million as compared to around $347.44 million raised during the previous week.

India’s startup ecosystem is buzzing with IPO activity this week. Edtech unicorn PhysicsWallah has filed its Red Herring Prospectus (RHP) for a Rs 3,480 crore IPO, which opens on November 11. Meanwhile, Lenskart’s IPO saw strong investor demand, being subscribed nearly 30 times, reflecting robust retail participation despite valuation concerns.

Adding to the momentum, investment platform Groww raised Rs 2,984.5 crore from anchor investors ahead of its listing, while fintech unicorn Pine Labs set its price band at Rs 210–221 per share, valuing the company at around Rs 23,573 crore. Logistics startup Shiprocket has also received SEBI approval to launch its IPO, underscoring the growing wave of public listings in India’s startup space.

Delhivery announced plans to enter the fintech sector, with its board approving a wholly owned subsidiary, Delhivery Financial Services, backed by an initial INR 12 Cr investment. The new vertical will offer credit, payments, FASTag aggregation, fuel cards, and insurance solutions to its partners, including truckers, fleet owners, riders, and MSMEs.