Indian startups secured $164.8 million in funding between November 9 and 15. It reveals a 10.6% increase compared to the same time last year. The growth is a positive sign for the startup ecosystem and it also reveals the lingering uncertainty in the market. The total of this week represents a sharp decline from last week’s $80.7 million.
Data from the intelligence platform Tracxn reveals that startups managed to close 21 deals during the week and this matched the number of deals from the year-ago period. The funding amount was only slightly higher than the $149 million raised in the same week last year.
SarvaGram stood out as a major player. It is a rural household-focused lending firm and raised ₹565 crore (around $67.8 million) in a Series D funding round led by Peak XV Partners. Established investors such as Elevar Equity, Elevation Capital, Temasek and TVS Capital also participated.
Software integration startup UnifyApps also made headlines by securing $20 million in a funding round led by Iconiq Growth.
EdTech startup Bhanzu raised $16.5 million in a funding round led by Epiq Capital. It is a math-focused startup and achieved a valuation of around $120-122 million. The achievement demonstrates the ongoing demand for quality education platforms despite challenges in the broader EdTech industry. B2C commerce startup Wheelocity raised $15 million with Lightspeed India Partners leading the round alongside contributions from Alteria Capital, Anicut Capital and founder Selvam VMS.
The annual growth in investments signals continued interest from investors but the steep week-on-week decline highlights the volatility of the current market. Startups with clear value propositions and innovative solutions are still able to attract significant capital. It suggest that the road ahead may be uneven but there are opportunities for those who can adapt and deliver.
