The first week of November saw a slowdown in startup funding in India, with $237.8 million raised by 20 startups, marking a 36% drop from the previous week. Despite the decline, notable deals included MoEngage’s $100 million round, leading the enterprise tech sector. The AI sector also remained strong, with six startups securing $67.6 million, highlighted by Giga’s $61 million Series A round. Although the D2C segment was quieter, Spacewood Furnishers raised $33.8 million, indicating ongoing interest in niche brands. Early-stage funding showed resilience, with six startups raising $11.9 million, a significant increase from the prior week. Meanwhile, IPOs and mergers gained traction, with significant activity from companies like Lenskart and EaseMyTrip. Despite the funding dip, the focus on IPOs and mergers suggests a temporary shift rather than a downturn, with strong performances from sectors like AI and D2C pointing to sustained growth potential in India’s startup ecosystem.
How Did Indian Startups Fare in This Week’s Funding Landscape?
