Weekly Funding Roundup: Even Leads India’s Top Startup Deals
Indian startups raised USD 193 million across 16 equity rounds during Oct 16-22, up 3.18% WoW, led by Even’s USD 50 million Series B.
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India’s startup funding landscape recorded USD 193.49 million (INR 1,712 crore) across 16 equity rounds during October 16–22, compared to USD 187.54 million across 23 rounds in the previous week, an increase of 3.18%. Funding was up 79.61% compared to the week before that, which saw USD 107.73 million raised across 19 rounds.
The week’s funding was largely driven by early-stage funding, which accounted for USD 131.49 million, while seed-stage startups raised USD 52 million and late-stage startups raised USD 10 million. The week also witnessed one tech IPO and no acquisitions.
Top Funding Deals
1. Even: Provider of health insurance plans. Founded in 2020 and headquartered in Bengaluru, it raised USD 50 million (INR 442 crore) in a Series B round led by Khosla Ventures, with participation from Alpha Wave Global. It is the largest deal of the week.
2. Different: Developer of a marketing platform for customer engagement orchestration. Founded in 2017 and headquartered in Bengaluru, it raised USD 48 million (INR 425 crore) in a seed round led by General Catalyst, with participation from LSVP.
3. Baba Care: Provider of healthcare navigation services for insurance and medical needs. Founded in 2025 and headquartered in Gurugram, it raised USD 40 million (INR 354 crore) in a Series A round led by FirstMark. CVS Health Ventures, Valtruis, General Catalyst and GroundUp also participated.
4. Greenzo Energy: Provider of hydro power services. Founded in 2020 and headquartered in Delhi, it raised USD 13.66 million in a Series A round from angel investor Ashish Kacholia.
5. The Pant Project: Online retailer of custom-made and ready-to-wear pants. Founded in 2020 and headquartered in Mumbai, it raised USD 11.46 million in a Series B round led by Mirae Asset Venture Investments, with participation from Sorin Investments.
Other top deals were Battery Smart (USD 10 million, Series C), CureBay (USD 7.3 million, Series B), CapGrid Solutions (USD 4.87 million, Series A), Hunar.AI (USD 4.2 million, Series A) and Karta (USD 3 million, seed). Five other rounds were undisclosed: Leena AI, Furtilo, Raaho, Saber and LogiXair.
IPO: Kolkata-based DGEN Technologies, a developer of payment infrastructure unifying POS, kiosks and mobile, was the only company to go public during the week.
Most Active VCs
- General Catalyst (2 rounds): Different, Baba Care
- Seedstars (2 rounds): Hunar.AI, Karta
- Khosla Ventures (1 round): Even
Equity rounds and tech companies have been considered for the roundup.
Data source: Tracxn
India’s startup funding landscape recorded USD 193.49 million (INR 1,712 crore) across 16 equity rounds during October 16–22, compared to USD 187.54 million across 23 rounds in the previous week, an increase of 3.18%. Funding was up 79.61% compared to the week before that, which saw USD 107.73 million raised across 19 rounds.
The week’s funding was largely driven by early-stage funding, which accounted for USD 131.49 million, while seed-stage startups raised USD 52 million and late-stage startups raised USD 10 million. The week also witnessed one tech IPO and no acquisitions.
Top Funding Deals
Entrepreneur Staff • Editor
Entrepreneur Staff
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