From GIVA To EloElo Group — Indian Startups Raised $255 Mn This Week
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Startup funding activity gathered steam in the first week of November. As per Inc42 data, 20 Indian startups cumulatively raised $255 Mn between November 2 and 6. This marks a 96% uptick from $130.3 Mn raised last week.
However, deal count declined 38% to 20 as against 32 in the preceding week.
Funding Galore: Indian Startup Funding Of The Week [Nov 2-6]
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 3 Nov 2026 | GIVA | Ecommerce | D2C | B2C | $103 Mn* | – | Multiples Alternate Asset Management, Epiq Capital, Edelweiss Discovery Fund | Multiples Alternate Asset Management |
| 4 Nov 2026 | EloElo Group | Media & Entertainment | OTT | B2C | $80 Mn | Series C | NBCUniversal, Hornbill Capital, MIT Investment Co., Play Ventures, Kalaari Capital, Waterbridge Ventures, Griffin Gaming Partners | NBCUniversal, Hornbill Capital |
| 3 Nov 2026 | Clinics On Cloud | Health Tech | Healthcare Devices | B2B | $12.5 Mn | Series A | Model42 | Model42 |
| 4 Nov 2026 | Peppermint Robotics | Advanced Hardware & Technology | Robotics | B2B | $10.5 Mn* | Pre-Series B | pi Ventures, Crane Venture Partners, Asiana Fund | pi Ventures, Crane Venture Partners |
| 6 Nov 2026 | altM | Clean Tech | Climate Tech | B2B | $10.3 Mn | Series A | Rainmatter, Mela Ventures, Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact | Rainmatter, Mela Ventures |
| 2 Nov 2026 | Two Point O Capital | Fintech | Lending Tech | B2B | $10 Mn | Series A | Transition Venture Capital, Omnivore, Chiranjeev Singh Saluja (Angel), Sudhir M Reddy (Angel) | Transition Venture Capital |
| 6 Nov 2026 | PowerUp Money | Fintech | Wealth Tech | B2C | $10 Mn | – | Flourish Ventures, Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures, DeVC | Flourish Ventures |
| 5 Nov 2026 | Cosmoserve | Advanced Hardware & Technology | Space Tech | B2B | $6 Mn | Seed | Rebright Partners, Aranya Holdings, Naandi Ventures, AUM Ventures, Shakti VC | Rebright Partners |
| 4 Nov 2026 | Ottonomy | Advanced Hardware & Technology | Robotics | B2B | $4.2 Mn | – | Enrission India Capital | Enrission India Capital |
| 5 Nov 2026 | Venomics AI | Health Tech | Lifescience | B2B | $2.7 Mn | Pre-Seed | Speciale Invest, South Park Commons, Operators Studio | Speciale Invest, South Park Commons |
| 3 Nov 2026 | The Croffle Guys | Foodtech | QSR | B2C | $1.4 Mn | – | V3 Ventures, N.A.N Partners, the family office of Navin Agarwal | V3 Ventures |
| 4 Nov 2026 | OneStack | Fintech | Fintech SaaS | B2B | $1.3 Mn | – | Shepherd’s Hill, Pentathlon Ventures, AVNM Ventures | |
| 3 Nov 2026 | Solgram | Consumer Services | Quick Commerce | B2C | $1 Mn | Pre-Seed | DSG Consumer Partners, Saama Capital, Kapil Chopra (Hotelier) | DSG Consumer Partners, Saama Capital |
| 2 Nov 2026 | Hyeglo Beauty | Ecommerce | D2C | B2C | $744K | – | Sauce, Giga Capital, Consumer Collective, Arjun Purkayastha (Reckitt), The Patient Capital | Sauce |
| 2 Nov 2026 | Dispatch Network | Logistics | Shipping & Delivery | B2B | $532K | Pre-Seed | Antler India, Krishi Fagwani (Thrive), Yashin Mahadevia (Angel), Parth Modwadhia (Angel) | Antler India |
| 1 Nov 2026 | Docterz | Enterprise Tech | Vertical SaaS | B2B | $532K** | |||
| 2 Nov 2026 | OBSESS | Health Tech | Fitness & Wellness | B2C | $319K | – | Pushpendra Singh (Centricity), Amit Goel (Angel) Harshit Vij (Angel) | Pushpendra Singh (Centricity), Amit Goel (Angel) Harshit Vij (Angel) |
| 4 Nov 2026 | Cellegant Energy | Advanced Hardware & Technology | Defence Tech | B2B | $278K | – | GVFL, Aarambh Fund, IIEC | GVFL |
| 2 Nov 2026 | AugurAI | AI | Application Layer | B2B | $212K | – | Campus Angels Network | Campus Angels Network |
| 3 Nov 2026 | Metasports Interactive | Media & Entertainment | Gaming | B2C | – | – | Sachin Tendulkar (Cricketer) | Sachin Tendulkar |
Key Startup Funding Highlights Of The Week
- On the back of GIVA’s mega $103 Mn fundraise, ecommerce emerged as the most funded sector this week. Besides GIVA, early-stage BPC brand Hyeglo Beauty also raised $744K in a round led by Sauce.vc.
- Deeptech minted the highest number of deals this week. Four startups, operating across the advanced hardware and technology segment, raised a nifty $21 Mn.
- Omnivore emerged as the most active investor this week, backing altM and Two Point O Capital.
Other Development Of The Week
- Wealth management group Daksham Capital launched its maiden consumer-focused fund with a target corpus of ₹300 Cr. This also includes a ₹150 Cr greenshoe option.
- SEBI has greenlit Razorpay’s ₹5,000 Cr-₹6,000 Cr IPO. The issue is expected to value the company at around ₹47,000 Cr, with a listing likely scheduled between January and March 2027.
- Early backer Blue Ashva Capital has exited iD Fresh Food. The VC firm offloaded its entire stake in the startup for ₹50 Cr via a secondary transaction. Upsurge India, Triumph Global Fund and White Whale Ventures lapped up the shares.
- D2C home appliances brand Nuuk is in talks to raise ₹100 Cr in a round, which will likely be led by Wipro Consumer Care Ventures and RPSG Capital Ventures, at a valuation of about ₹500 Cr.
- Fireside Ventures’ cofounder and partner Vinay Singh is stepping down from the investment firm after a near-decade-long stint.
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