Indian Startups Raise $113.35 Million Across 28 Deals [05 Oct – 10 Oct 2026]

Indian startups raised $113.35 million across 28 deals this week, including three growth-stage deals, 22 early-stage deals and three undisclosed rounds.

The week also saw eight key appointments, three fund launches and two mergers and acquisitions.

In comparison, 24 startups had collectively raised about $411.46 million in the previous week.

Growth-Stage Deals

Growth-stage startups raised $55.3 million across three deals this week.

Lifestyle-tech brand DailyObjects led the segment with Rs 332 crore, or nearly $35 million, raised in a Series C round led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital.

Smart kitchen appliance startup Beyond Appliances raised Rs 110 crore ($11.4 million) in a Series B round led by Fireside Ventures.

MSME-focused digital lender NeoGrowth secured Rs 85 crore in equity and debt funding from FMO and LeapFrog Investments.

Early-Stage Deals

Early-stage startups raised $58.05 million across 22 deals this week.

Photonic quantum technology startup Quanfluence led the segment with $10 million raised from Chiratae Ventures and Rainmatter, followed by edtech startup byteXL, which secured $9 million from Elevar Equity.

Medtech startup Sunfox Technologies raised $7 million in a Series A round co-led by Ashish Kacholia, Lashit Sanghvi, Alchemy Capital and 3one4 Capital.

Quantum computing startup QpiAI secured Rs 50 crore in debt funding from InnoVen Capital.

Other startups that raised funding included omnichannel menswear brand Kisah, wealth management startup Zomint, AI startup Desible.ai, healthtech startup SuperMush and cold-pressed oil brand Gramiyaa, among others.

Travel tech platform TravClan, financial information platform MoneyTruVa and biofortified staples brand Better Nutrition also raised funding during the week but did not disclose the amounts.

City and Segment-Wise Deals

Bengaluru once again led the funding activity with 10 startup deals during the week. Delhi-NCR followed with six deals, while Mumbai recorded three deals.

Hyderabad, Dehradun, Chandigarh and other cities also recorded funding activity.

E-commerce startups led the sectors with eight deals, followed by AI and healthtech startups with five and four deals, respectively.

Fintech, foodtech, SaaS, edtech, deeptech and other sectors also recorded funding activity.

Series-Wise Deals

Seed rounds led the week with 13 deals.

Pre-seed and Series A startups recorded five deals each, while Series C, Series B, debt and pre-Series A recorded one deal each.

Week-on-Week Funding Trend

Startup funding declined more than 72% week-on-week to $113.35 million from $411.46 million raised in the previous week.

The average weekly funding over the past eight weeks stood at around $231.6 million across 22 deals.

Key Hirings

Eight key appointments were announced during the week.

Sorry Sugar named Palash Arneja as Founder and CEO, while Google Cloud appointed Amit Kumar as interim India head.

Snabbit appointed Ramesh Srinivasan as Head of Growth and Revenue, ALTEN India named Prabhakar Atla as CEO, and Eggoz onboarded actor Boman Irani as its brand ambassador.

Meanwhile, Genefied promoted Krishna Khandelwal to Chief Sales Officer, Sarvam AI appointed former Google Cloud India MD Sashikumar Sreedharan as President and Chief Business Officer, and OTPless named Geetanshu Singla as CTO.

Mergers and Acquisitions

FMCG major Marico acquired an additional 24.09% stake in Plix parent Satiya Nutraceuticals for Rs 1,012.03 crore.

Paediatric healthcare company Hoola Health also acquired early-childhood development platform UpTodd.

Fund Launches

Entrepreneur Navya Naveli Nanda launched Naveli Ventures, the venture arm of the Nanda Family Office, to invest in deeptech, AI, clean energy, space and healthcare startups.

NABVENTURES secured Rs 450 crore in the first close of its second fund.

Meanwhile, Recur Club announced a Rs 500 crore fund to provide growth capital to 150-170 D2C brands in FY27.

New Launches and Partnerships

PhonePe Partners With DPCGC

PhonePe signed a Memorandum of Understanding (MoU) with the Digital Publisher Content Grievances Council (DPCGC), a self-regulatory body under IAMAI, to strengthen regulatory compliance in the OTT ecosystem.

The partnership aims to simplify self-regulatory organisation (SRO) certification for OTT platforms and online content publishers that use PhonePe’s payment gateway.

It will also focus on merchant education and awareness of regulatory requirements under the IT Rules, 2021, which mandate SRO membership for grievance redressal.

Flipkart Expands Warehouse Capacity

Flipkart expanded its supply chain ahead of the festive season by adding 14 million cubic feet of warehousing capacity and extending its delivery network to over 750 new PIN codes.

The expansion increased storage capacity by 50%, while automation and technology upgrades boosted peak processing volumes by more than 30% ahead of its Big Billion Days sale.

Pluckk Expands Into UK Market

Digital-first FMCG brand Pluckk entered the UK market, with its products available in 17 stores and a 15% share of the protein bar category at these outlets within the first month.

The company aims to expand to 100 stores within three months and 500 within a year.

It also plans to increase its UK portfolio to over 50 SKUs across clean-label categories, including juices, functional drinks, snacks and salads.

Pine Labs Launches Merchant Platform in Singapore

Pine Labs launched a unified merchant platform in Singapore that combines payment acceptance, acquiring, installment payments and customer engagement services.

The platform supports card and alternative payment methods, bank-backed installment plans and rewards through its Fave app.

It aims to simplify merchant operations, improve checkout conversions and boost customer retention.

News Flash This Week

Startup Policy Forum Launches DeepVerse

Startup Policy Forum (SPF) launched DeepVerse, a deeptech policy platform with 30 partners, including Accel, Bessemer Venture Partners and Lightspeed.

The initiative aims to address policy challenges across 10 sectors, including semiconductors, spacetech, defence technology, biotech, cleantech and robotics.

Flipkart Announces 13th Big Billion Days Edition

Flipkart announced the 13th edition of its flagship festive sale, The Big Billion Days, starting October 9, with early access for select members on October 8.

The sale will feature record seller participation, AI-powered shopping experiences and an expanded supply chain network of over 8,200 fulfilment and delivery facilities across India, including Ekart and Flipkart Minutes.

Bengaluru to Host Climate Data Week 2026

The Climate Collective Foundation will host the first edition of Bangalore Climate Data Week from October 12 to 16, with over 30 events across Bengaluru.

Supported by Google and Karnataka’s innovation bodies, the initiative is expected to attract over 2,000 participants, including climate tech founders, investors, researchers and policymakers, to explore the use of data and AI in addressing climate challenges.

Blinkit Leads Quick Commerce in Product Availability

Eternal’s quick commerce arm Blinkit led India’s major quick-commerce platforms in product availability with an average in-stock rate of 94.4%, followed by Flipkart Minutes at 88.7%, Swiggy Instamart at 83.8% and Zepto at 82.5%, according to a report by brokerage firm Bernstein.

Groww Adds Over 1 Lakh Active Clients in September

Groww maintained its lead in India’s stock broking market in September 2026, adding over 1 lakh active clients.

Sahi recorded the fastest growth among the top 20 brokers at 11% month-on-month.

According to NSE data, the industry’s active client base grew 0.35% to 4.61 crore from 4.60 crore in August, with nearly 1.6 lakh net additions.

BofA Cuts PB Fintech Price Target

BofA expects PB Fintech and Paytm to report strong Q2 FY27 growth but flagged regulatory risks for PB Fintech following IRDAI’s proposed changes to insurance commissions.

The brokerage cut PB Fintech’s price target by 19% to Rs 1,145, citing a potential 39-41% decline in EPS in FY28 and FY29, while maintaining a Neutral rating.

It retained its Buy rating on Paytm with a target price of Rs 1,775.

FAQs

1. How much did Indian startups raise this week?
Indian startups raised $113.35 million across 28 deals this week.

2. Which startup led the growth-stage funding deals?
DailyObjects led the growth-stage deals with Rs 332 crore, or nearly $35 million, raised in a Series C round.

3. Which city recorded the highest number of startup funding deals?
Bengaluru led the funding activity with 10 startup deals during the week.

4. How much did startup funding decline compared with the previous week?
Startup funding declined more than 72% to $113.35 million from $411.46 million raised in the previous week.

5. Which startups raised the largest disclosed early-stage funding amounts?
Quanfluence raised $10 million from Chiratae Ventures and Rainmatter, while byteXL secured $9 million from Elevar Equity.