Indian Startups Raise $25.2 Million in Funding From November 9 to 13, 2026

Indian startup funding slowed sharply in the second week of November, with a weekly tally showing $25.2 million raised across nine deals between November 9 and November 13, 2026. This represented a 90.1% decline from the $255 million recorded in the preceding week.

Deal activity also declined, with the number of transactions falling 55% from 20 to nine. Cleantech attracted the largest share of funding, supported by Greenjoules’ Series B round.

Alongside the nine deals in this tally, additional investments and funding announcements were reported during the period, including those involving Dhruva Space, Olyv, Desible.ai and Rigi.

The broader set of announcements covered cleantech, artificial intelligence, spacetech, fintech, foodtech, ecommerce, healthtech and consumer brands.

Key Startup Funding Highlights of the Week

• Cleantech led the weekly funding tally, with three deals worth approximately $16.2 million. Greenjoules accounted for most of this amount with a reported $16 million component of its larger Series B round. ECOPATH also secured seed funding, while Recykal received a strategic investment.
• Artificial intelligence followed with three deals worth $8.2 million. Kutlerri.ai raised $4 million, Froncort.AI secured $2.3 million in grant funding, and mistEO raised approximately $1.9 million.
• Spacetech recorded a major investment, with Dhruva Space announcing Rs 147 crore in pre-Series B funding backed by IndusBridge Ventures and Antariksh Venture Capital Fund.
• Fintech attracted fresh capital, with personal lending platform Olyv raising Rs 57.62 crore in an extension of its Series C round.
• Foodtech and D2C companies also secured investments. Hundo Pizza raised Rs 7.5 crore, while QB MEN and PlayBlue received investments of undisclosed amounts.
• Early-stage funding continued, with seed and pre-seed rounds involving companies such as mistEO, ECOPATH, Hundo Pizza and Morsa.
• Strategic investments involved prominent cricketers, including Sachin Tendulkar’s investment in Recykal, KL Rahul’s backing of PlayBlue and Ajinkya Rahane’s investment in Ember Cookware.

Sector-Wise Startup Funding Updates

Cleantech and Climate Technology

Greenjoules raised Rs 150 crore in a Series B funding round co-led by Amazon’s Smbhav Venture Fund and Climate Pledge Fund. Rainmatter, Singularity’s Strategic Autonomy Fund and existing investor Blue Ashva Capital also participated.

The Pune-based startup converts agricultural and industrial biomass into renewable fuels, including biocrude.

Climate intelligence startup mistEO secured Rs 18 crore in seed funding led by MGF-Kavachh, with participation from Seafund.

ECOPATH, which develops zero-cement construction materials using industrial by-products, raised Rs 2.25 crore in seed funding from Social Alpha and Gemcorp Recycling & Technologies.

Waste management platform Recykal received an undisclosed strategic investment from cricketer Sachin Tendulkar as part of an extension of an earlier bridge funding round.

Artificial Intelligence and Enterprise Technology

AI startup Desible.ai raised Rs 32 crore in funding led by Prime Venture Partners, with participation from Invention Engine. The Bengaluru-based company develops AI-driven solutions for enterprise operations.

Restaurant technology startup Kutlerri.ai secured $4 million from Narahari Investments. The company develops AI-powered tools for restaurant operations and revenue management, with operations in Houston and Bhubaneswar.

Healthcare AI startup Froncort.AI received $2.3 million from Google.org to support its AI-powered disease surveillance technology. The funding was a grant rather than a conventional equity investment.

Manufacturing AI startup Morsa raised $1.5 million in pre-seed funding led by Jackson Square Ventures, with participation from the a16z Scout Fund.

The investments covered enterprise software, restaurant technology, healthcare surveillance and manufacturing applications.

Spacetech

Dhruva Space secured Rs 147 crore in pre-Series B funding, with participation from IndusBridge Ventures and Antariksh Venture Capital Fund.

The Hyderabad-based spacetech company operates in satellite development, deployment and related space infrastructure.

The investment was among the largest funding announcements identified during the period.

Fintech and Creator Economy

Personal lending platform Olyv raised Rs 57.62 crore in an extended Series C funding round led by Nippon India Digital, with participation from existing investor Fundamentum.

Creator economy startup Rigi secured approximately Rs 10 crore from Google International.

The investment in Rigi was reported at a post-money valuation of approximately Rs 670 crore.

Both transactions reflected investor activity in digital financial services and creator-focused technology platforms.

Foodtech and Consumer Brands

Mumbai-based delivery-first pizza brand Hundo Pizza raised Rs 7.5 crore in its first institutional funding round led by Titan Capital.

Indian Silicon Valley Capital and angel investors Ankur Rangnekar, Akshay Rangnekar and Haresh Chawla also participated.

The funding will support the company’s food delivery and restaurant operations.

Ecommerce, D2C and Sports Retail

Menswear startup QB MEN secured an undisclosed pre-seed funding round led by BeyondSeed, with participation from Rajkot Ventures and Prajay Advisors.

Sports retail platform PlayBlue received an undisclosed strategic investment from Indian cricketer KL Rahul.

Kitchenware brand Ember Cookware also secured an undisclosed investment from cricketer Ajinkya Rahane.

These investments covered fashion, sports retail and kitchenware businesses.

Healthtech

Healthtech startup Rymo Technologies secured an undisclosed investment from 1Crowd.

The company develops rehabilitation technology and devices intended to support physical recovery and therapy.

Its investment added to the week’s early-stage healthtech activity.

Most Active Investors of the Week

Investor participation was spread across climate technology, artificial intelligence, fintech and consumer businesses.

• Amazon’s Smbhav Venture Fund and Climate Pledge Fund co-led Greenjoules’ Rs 150 crore Series B funding round.
• Prime Venture Partners led Desible.ai’s Rs 32 crore funding round.
• Nippon India Digital led Olyv’s Rs 57.62 crore Series C extension.
• MGF-Kavachh and Seafund invested in climate intelligence startup mistEO.
• Titan Capital led Hundo Pizza’s Rs 7.5 crore institutional funding round.
• IndusBridge Ventures and Antariksh Venture Capital Fund participated in Dhruva Space’s Rs 147 crore funding round.

Google.org also provided grant funding to Froncort.AI, while Google International invested in Rigi.

Startup IPO Updates of the Week

• Razorpay: The fintech company received regulatory approval for its proposed IPO, expected to raise approximately Rs 5,000 crore to Rs 6,000 crore at a valuation of around $5 billion.
• MakeMyTrip: The company’s Indian subsidiary received regulatory approval for its proposed offer-for-sale-only IPO, potentially exceeding $1 billion. The business is expected to remain a subsidiary of its Nasdaq-listed parent after the listing.

Startup Fund Updates This Week

• Norwest: The global investment firm closed its Norwest 18 fund at $4 billion, taking its total assets under management to approximately $18 billion. The fund will invest in technology, healthcare and consumer businesses across the US, India and Israel.
• Canonicus Capital: The investment firm raised Rs 192 crore in the first close of its Rs 500 crore Special Situations Fund. Its cumulative fundraising across two funds reached Rs 503 crore.
• ValueQuest Investment Advisors: The Mumbai-based investment manager committed Rs 775 crore across three Indian companies operating in defence technology, precision engineering and power infrastructure.

Startup Mergers and Acquisitions This Week

• A2B (Adyar Ananda Bhavan): Investment firm Bodhi Tree Systems entered into a $180 million transaction to acquire a majority stake in the Chennai-based restaurant chain. The deal is intended to support its domestic and international expansion.
• InCred Capital: The company acquired the Indian operations of London-based luxury lifestyle management firm Quintessentially. The transaction is expected to expand its wealth management service offerings.

Other Startup Developments of the Week

• PlatinumRx: The online pharmacy startup was reportedly in discussions to raise approximately $32 million in a round led by Sofina Ventures. The proposed funding round had not been finalised.
• Baaz Bikes: The electric mobility startup approved a Rs 46.22 crore Series B share issuance involving investors including BIG Capital and Kalaari Capital. The fundraising was reported as ongoing.
• Superhealth: The healthcare startup was working towards a proposed Rs 100 crore funding round, with approximately Rs 50 crore reportedly committed at the time.
• OnEMI (Kissht): The fintech company completed a preferential issue worth approximately Rs 832 crore by allotting shares to 34 investors, including Axis Mutual Fund and 360 ONE. The transaction was separate from the conventional startup funding tally.
• GoKwik and other startup ecosystem companies: Employee liquidity programmes, new investments and strategic business developments continued alongside the week’s funding announcements.

Weekly Startup Funding Declines Sharply

Indian startup funding declined to $25.2 million across nine deals in the November 9–13 reporting tally, compared with $255 million across 20 deals in the preceding week.

Greenjoules accounted for the largest share of the reported total, while AI startups also attracted funding through investments in Kutlerri.ai, mistEO and support for Froncort.AI.

Additional announcements involving Dhruva Space, Olyv, Desible.ai, Rigi and Morsa showed that capital continued to flow into deeptech, fintech and enterprise technology.

The difference between the narrow weekly tally and the broader list of reported investments reflects variations in reporting periods, transaction types and inclusion criteria.

Despite the decline in the headline funding figure, startups across several sectors continued to secure capital, including seed investments, growth-stage rounds and strategic backing.

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Frequently Asked Questions (FAQs)

1. How much funding did Indian startups raise from November 9 to 13, 2026?

One weekly funding tally recorded $25.2 million across nine deals, a decline of 90.1% compared with the preceding week.

2. Which startup recorded the largest funding round?

Greenjoules announced a Rs 150 crore Series B funding round backed by Amazon’s Smbhav Venture Fund, Climate Pledge Fund and other investors.

3. Which sectors attracted startup investment?

Cleantech, artificial intelligence, spacetech, fintech, foodtech, D2C and healthtech companies reported funding and investment activity.

4. Which major companies raised funding during the week?

Greenjoules, Dhruva Space, Olyv, Desible.ai, mistEO, Hundo Pizza, Rigi and Morsa were among the companies announcing investments.

5. Why did the number of companies covered exceed the nine-deal tally?

The expanded roundup includes additional reported transactions, strategic investments and grant funding that were not necessarily counted in the same weekly tracker.