Indian startups cumulatively raised a mere $25.2 Mn between November 9 and November 13, down 90.1% from $255 Mn raised in the preceding week
Clean tech led the funding charts this week, with three deals collectively bringing in $16.2 Mn. Meanwhile, early-stage startups ventures collectively bagged $2.1 Mn this week
The number of deals also fell 55% to just nine this week compared to 20 in the previous week, pointing to a marked slowdown in funding activity
The post-festive cheer appears to have done little to lift India’s startup ecosystem as funding activity lost steam this week. Following signs of a recovery in the preceding weeks, the funding landscape witnessed a sharp pullback between November 9 and November 13 as both deal activity and capital inflows took a major hit.
This week, just nine startups raised a combined $25.2 Mn, marking a steep 90.1% decline from the $255 Mn raised in the previous week. The number of deals also fell 55% from 20 in the preceding week, pointing to a marked slowdown in funding activity.
Funding Galore: Indian Startup Funding Of The Week (Nov 9–Nov 13 )
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 11 Nov 2026 | Greenjoules | Clean Tech | Climate Tech | B2B | $16 Mn* | Series B | Smbhav Venture Fund, Climate Pledge Fund, Strategic Autonomy Fund, Rainmatter | Smbhav Venture Fund, Climate Pledge Fund |
| 13 Nov 2026 | Kutlerri.ai | AI | Application Layer | B2B | $4 Mn | – | Narahari Investments | Narahari Investments |
| 10 Nov 2026 | Froncort.AI | AI | Application Layer | B2B, B2G | $2.3 Mn | – | Google.org | Google.org |
| 12 Nov 2026 | mistEO | AI | Application Layer | B2B | $1.9 Mn | Seed | MGF-Kavachh, Seafund | MGF-Kavachh |
| 12 Nov 2026 | Hundo Pizza | Foodtech | Cloud Kitchen | B2C | $796K | – | Titan Capital, Indian Silicon Valley Capital, Ankur Rangnekar (Angel), Akshay Rangnekar (Angel), Haresh Chawla (Angel) | Titan Capital |
| 10 Nov 2026 | ECOPATH | Clean Tech | Climate Tech | B2B | $238K | Seed | Social Alpha, Gemcorp Recycling & Technologies | – |
| 12 Nov 2026 | QB Men | Ecommerce | D2C | B2C | – | Pre-Seed | BeyondSeed, Rajkot Ventures, Prajay Advisors | BeyondSeed |
| 12 Nov 2026 | PlayBlue | Ecommerce | D2C | B2C | – | – | KL Rahul (Cricketer) | KL Rahul (Cricketer) |
| 12 Nov 2026 | Recycle | Clean Tech | Climate Tech | B2B | – | Sachin Tendulkar (Cricketer) | Sachin Tendulkar (Cricketer) | |
| Source: Inc42 *Part of a larger round |
||||||||
Key Startup Funding Highlights Of The Week
- Clean tech led the funding charts this week, with three deals collectively bringing in $16.2 Mn. Greenjoules accounted for the bulk of the capital raised, bagging $16 Mn as part of a larger round.
- AI followed with three deals worth a combined $8.2 Mn. Kutlerri.ai raised $4 Mn from Narahari Investments, while Froncort.AI secured $2.3 Mn from Google.org. mistEO also bagged $1.9 Mn in a seed round led by MGF-Kavachh.
- The usual investor-favourite sector, ecommerce, accounted for just two deals, although the amounts were not disclosed.
- Meanwhile, early-stage startups collectively raised $2.1 Mn across three seed and pre-seed deals.
Startup Fund Updates This Week
- Global VC firm Norwest closed its largest-ever fund, Norwest 18, at $4 Bn, taking its total assets under management to $18 Bn. The fund will back venture and growth-stage companies across the technology, healthcare and consumer sectors in the US, India and Israel.
Startup M&As This Week
- InCred Capital acquired the India business of London-based luxury lifestyle management group Quintessentially. The acquisition will give Quintessentially access to InCred Capital’s ₹1 Lakh Cr wealth management franchise and broaden its range of exclusive experiences.
Other Developments Of The Week