Weekly Funding Roundup: Boldfit Leads India’s Top Startup Deals
Weekly Roundup: Boldfit, GreenCell Mobility and Inner Sky Labs led India’s top startup funding deals this week.
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India’s startup funding landscape recorded USD 179.48 million across 19 equity rounds during October 9-15, compared to USD 63.61 million across 18 rounds in the previous week, an increase of 182.17%. Funding was down 10.31% compared to the week before that, which saw USD 200.10 million raised across 21 rounds.
The week’s funding activity was largely driven by late-stage funding, which accounted for USD 98.87 million, while early-stage startups raised USD 65.58 million and seed-stage startups raised USD 15.02 million. The week also witnessed one tech IPO and one acquisition.
TOP FUNDING DEALS
1. Boldfit
Boldfit is an online brand of sports shoes, apparel and fitness equipment. Founded in 2018 and headquartered in Bengaluru, the company raised USD 41.46 million in a Series B round led by The Wealth Company, with participation from Bharat Value Fund, making it the largest funding deal recorded during the week.
- Inception: 2018
- Headquartered: Bengaluru
- Funding Amount: USD 41.46 million
- Lead Investor: The Wealth Company
2. GreenCell Mobility
GreenCell Mobility provides end-to-end e-mobility solutions, including electric bus operations and technology services. Founded in 2019 and headquartered in Mumbai, the company raised USD 34.48 million in a Series D round from Impact Fund Denmark.
- Inception: 2019
- Headquartered: Mumbai
- Funding Amount: USD 34.48 million
- Investor: Impact Fund Denmark
3. Inner Sky Labs
Inner Sky Labs develops neuro-symbolic foundation models for physical robotic control systems. Founded in 2026 and headquartered in Bengaluru, the company raised USD 30.9 million in a Series C round from YourNest, with participation from angel investor Keshav Murugesh.
- Inception: 2026
- Headquartered: Bengaluru
- Funding Amount: USD 30.9 million
- Investors: YourNest, Keshav Murugesh
4. Nat Habit
Nat Habit operates an online platform offering beauty and skincare products. Founded in 2018 and headquartered in Gurugram, the company raised USD 14.72 million in a Series C round led by Trident Growth Partners, with participation from Bertelsmann India Investments, Sharrp Ventures, Hero Family Office and others.
- Inception: 2018
- Headquartered: Gurugram
- Funding Amount: USD 14.72 million
- Lead Investor: Trident Growth Partners
5. Spill Games
Spill Games develops and publishes games. Founded in 2024 and headquartered in Bengaluru, the company raised USD 10.5 million in a Series A round led by Elevation Capital, with participation from Centre Court Capital and PeerCapital.
- Inception: 2024
- Headquartered: Bengaluru
- Funding Amount: USD 10.5 million
- Lead Investor: Elevation Capital
6. MakeO
MakeO operates chains providing dental aligners and clinical skin and hair treatments. Founded in 2018 and headquartered in Mumbai, the company raised USD 10 million in a Series D round led by Singularity AMC, with participation from DSP Family Office and Genesis Ventures.
- Inception: 2018
- Headquartered: Mumbai
- Funding Amount: USD 10 million
- Lead Investor: Singularity AMC
7. Mesa School of Business
Mesa School of Business is a startup-focused business school offering a 12-month full-time PGP in Startup Leadership. Founded in 2022 and headquartered in Bengaluru, the company raised USD 8.88 million in a Series A round co-led by Dharana and Elevation Capital.
- Inception: 2022
- Headquartered: Bengaluru
- Funding Amount: USD 8.88 million
- Lead Investors: Dharana, Elevation Capital
8. NeoGrowth
NeoGrowth is a digital credit platform providing financial solutions to underserved small and micro retailers. Founded in 2015 and headquartered in Mumbai, the company raised USD 8.78 million in a Series D round from FMO and LeapFrog Investments.
- Inception: 2015
- Headquartered: Mumbai
- Funding Amount: USD 8.78 million
- Investors: FMO, LeapFrog Investments
9. NeoFleet
NeoFleet provides vehicle tracking and fleet management solutions. Founded in 2015 and headquartered in Chennai, the company raised USD 4 million in a seed round from angel investor Mark Loughran.
- Inception: 2015
- Headquartered: Chennai
- Funding Amount: USD 4 million
- Investor: Mark Loughran
10. ThinkMetal
ThinkMetal manufactures desktop 3D printers. Founded in 2021 and headquartered in Chennai, the company raised USD 2.82 million in a Series A round led by IAN Group, with participation from 3i Partners.
- Inception: 2021
- Headquartered: Chennai
- Funding Amount: USD 2.82 million
- Lead Investor: IAN Group
IPO Activity
The IPO market recorded one tech listing during the week.
- Algo8: Founded in 2016 and headquartered in Noida and Houston, Algo8 provides an industrial artificial intelligence platform for the energy and manufacturing sectors. The company listed on October 13, 2026. Its market capitalisation at IPO was not disclosed.
M&A Activity
One acquisition was recorded during the week.
- Zluri: Founded in 2020 and headquartered in Bengaluru and San Francisco, Zluri provides SaaS management, access management and access review solutions. The company was acquired by Info-Tech Research Group on October 14, 2026, for an undisclosed amount.
Most Active VCs
- Elevation Capital (2 rounds): Spill Games, Mesa School of Business
- Dharana (1 round): Mesa School of Business
- Optiscape Network Holdings (1 round): Gramiyaa
Equity rounds and tech companies have been considered for the roundup.
Data source: Tracxn
India’s startup funding landscape recorded USD 179.48 million across 19 equity rounds during October 9-15, compared to USD 63.61 million across 18 rounds in the previous week, an increase of 182.17%. Funding was down 10.31% compared to the week before that, which saw USD 200.10 million raised across 21 rounds.
The week’s funding activity was largely driven by late-stage funding, which accounted for USD 98.87 million, while early-stage startups raised USD 65.58 million and seed-stage startups raised USD 15.02 million. The week also witnessed one tech IPO and one acquisition.
TOP FUNDING DEALS
1. Boldfit
