Funding and acquisitions in Indian startup this week [Oct 27- Nov 01]

This week only 34 Indian startups raised a total of $334.88 million, comprising 5 growth-stage and 23 early-stage deals, while 6 startups kept their funding undisclosed.

In contrast, 8 startups had collectively secured about $347.44 million in the previous week.

[Growth-stage deals]

Growth and late-stage funding reached $209.2 million across five deals this week, led by Snapmint’s $125 million Series B round from General Atlantic, with participation from Prudent Investment Managers, Kae Capital, and others. Snabbit raised $30 million in its Series C round led by Bertelsmann, while IntrCity SmartBus and Jupiter Money secured $28 million and $15 million, respectively. IPO-bound Lenskart also raised Rs 100 crore ($11.2 million) through a pre-IPO secondary transaction.

[Early-stage deals]

On the early-stage front, 23 startups raised about $125.68 million this week. AI startup Mem0 led the pack with a $24 million Series A round, followed by NBFC startup Optimo Capital, which raised $17.5 million. Other notable deals included Goyaz (gold-plated silver jewellery brand), Pluro Fertility, SalarySe, Smallest AI (enterprise voice AI platform), and Point AI (e-commerce services), among others.

For a detailed funding breakdown, visit TheKredible.

[City and segment-wise deals]

By city-wise deal count, Bengaluru led with 14 deals, followed by Delhi-NCR with 9. Mumbai, Hyderabad, Mangalore, Coimbatore, and Ahmedabad also recorded deals during the week.

Segment-wise, fintech and e-commerce startups led the week with 3 deals each, followed by AI which secured 4 deals. Mobility, deeptech, foodtech, SaaS and others also bagged funding during the period.

[Series-wise deals]

This week again seed rounds led the funding activity with 14 deals, followed by Series A and pre-seed with 6 deals and 5 deals respectively. Pre-Series A, Series C , Series B 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 remained flat at $334.88 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 26 deals per week.

[Key Hiring]

VerSe Innovation, the parent of Dailyhunt and Josh, has appointed Prakashan Manikoth as its Group CFO. Based in Bengaluru, he will oversee finance, strategy, investor relations, M&A, and IPO preparation, with a focus on financial discipline and governance.

VisitTheKrediblefor more details

[Fund Launches]

Blume Ventures has announced the initial close of its fifth flagship fund, Fund V, at $175 million and expects to achieve a final close of $250–275 million by early 2026. The firm said it has secured commitments from existing limited partners while also bringing on board new institutional investors, multilateral agencies, corporates, and family offices. Dabur India has launched Dabur Ventures, a ₹500 crore investment arm to back digital-first D2C brands in personal care, healthcare, wellness foods, beverages, and ayurveda.

[New Launches and Partnerships]

▪️ Google, Reliance team up to bring Gemini AI Pro to Jio users

▪️ Razorpay Curlec to enable UPI payments in Malaysia

▪️ P&H partners NZ hosts Gurugram seminar on New Zealand investor visa

[Financial result this week]

▪️ Swiggy losses widens 74% to Rs 1,092 Cr in Q2 FY26, Instamart grows 2X

▪️ Shiprocket posts Rs 1,632 Cr revenue in FY25, narrows losses to Rs 74 Cr

▪️ upGrad turns EBITDA positive in FY25; reports Rs 1,943 Cr gross revenue

▪️ Ixigo revenue rises 37% to Rs 283 Cr in Q2 FY26

▪️ PB Fintech profit surges 2.6X to Rs 135 Cr in Q2 FY26

▪️ Sterling Accuris’ revenue surpasses Rs 200 Cr in FY25, turns EBITDA positive

▪️ Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%

▪️ CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr

▪️ iD Fresh Food reports Rs 681 Cr revenue in FY25; profit surges over 5X

▪️ Square Yards’s Urban Money achieves 10X growth in 3 years; revenue nears Rs 714 Cr in FY25

▪️ Wealthy’s revenue surges 72% in FY25, losses touch Rs 35 Cr

[News flash this week]

▪️ Groww IPO values founders’ stake at $1.85 Bn; Y Combinator set for 29X return in OFS

▪️ boAt reduces IPO size to Rs 1,500 Cr

▪️ Zetwerk drags Ayr Energy to US court over alleged data and trade secret violations

▪️ Curefoods and Milky Mist get SEBI nod for IPO

▪️ Lenskart IPO to fetch $125 Mn for founders; early investors set to reap up to 17X returns

▪️ Delhi-NCR tops India in crypto investments for Q3: CoinSwitch report

▪️Bajaj overtakes TVS to lead October 2W EV sales, Ather remains third

[Summary]

On a weekly basis, startup funding remained flat at $334.88 million as compared to around $347.44 million raised during the previous week.

Digital investment platform Groww has filed its RHP for a Rs 6,632.3 crore IPO, opening on November 4. The issue includes a Rs 1,060 crore fresh issue and a Rs 5,572.3 crore OFS at a Rs 100 per share upper price band, valuing the company at around Rs 61,736 crore. The IPO values the founders’ collective stake at about Rs 15,400 crore, while early investors such as Y Combinator, Peak XV, Tiger Global, and Ribbit Capital are set to earn significant returns through the offer for sale.

Zetwerk and its U.S. arm, Unimacts Global LLC, have filed a lawsuit in the U.S. District Court of Delaware against Ayr Energy, accusing the company of misusing proprietary business data, trade secrets, and confidential manufacturing information for its own benefit.

CoinSwitch’s Q3 2025 report reveals that Gen Z has become India’s largest crypto investor group at 37.6%, edging past Millennials, while Delhi-NCR retained its top spot with 19.3% of total investments. With 65.3% of portfolios in profit, the region reflects a mature, long-term approach to crypto investing.

Consumer electronics brand boAt has filed an updated DRHP with SEBI, cutting its IPO size to Rs 1,500 crore from Rs 2,000 crore. The issue includes a Rs 500 crore fresh issue and a Rs 1,000 crore OFS by existing shareholders and co-founders.

Omnichannel eyewear retailer Lenskart’s Rs 7,278 crore IPO, opening on October 31, is set to deliver hefty returns for promoters and early investors. The company plans to raise Rs 2,150 crore through a fresh issue and Rs 5,128 crore via an OFS at a Rs 402 per share upper price band, valuing it at around Rs 70,000 crore ($8 billion).