Weekly Wrap: Cent Leads Funding with USD 15 Mn Raise; Three Tech IPOs Recorded
India’s startups raised USD 93.2 million across 19 equity rounds during October 23-29, led by Cent’s USD 15 million Series A.
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India’s startup funding recorded USD 93.2 million across 19 equity rounds during October 23-29, compared to USD 154.7 million across 20 rounds in the previous week, a decline of 39.76%, according to the latest Tracxn data. Funding was down 53.14% compared to the week before that, which saw USD 198.9 million raised across 24 rounds.
Early-stage companies raised USD 68.3 million and seed-stage startups raised USD 24.9 million, while no late-stage funding was disclosed. Three rounds, including Glance’s Series D, were undisclosed. HealthTech, retail, and enterprise applications were the top-funded sectors, and Bengaluru-based startups accounted for USD 64.3 million of the total. The week also saw three tech IPOs and one acquisition.
TOP FUNDING DEALS
1. Cent
Cent provides a preventive healthcare platform that uses AI and advanced diagnostics to detect serious diseases.
- Inception: 2025
- Headquartered: Bengaluru
- Funding Amount: USD 15 million
- Lead Investors: Blume, South Park Commons
2. Clinics On Cloud
Clinics On Cloud provides digital health kiosks for monitoring health parameters.
- Inception: 2017
- Headquartered: Pune
- Funding Amount: USD 14.3 million
- Investor: Model42.ae
3. Simplismart
Simplismart provides an AI inference and deployment platform for scaling machine learning models.
- Inception: 2022
- Headquartered: Bengaluru
- Funding Amount: USD 14 million
- Lead Investor: Dallas Venture Capital
4. Live2.ai
Live2.ai provides an operating system for social commerce that monitors conversations and audits campaigns to turn content into revenue.
- Inception: 2024
- Headquartered: Bengaluru
- Funding Amount: USD 13.7 million
- Lead Investor: IvyCap Ventures
5. Matiks
Matiks operates an online platform offering competitive math games and puzzles to improve mental arithmetic skills.
- Inception: 2024
- Headquartered: Bengaluru
- Funding Amount: USD 10 million
- Lead Investor: General Catalyst
6. Rotoris
Rotoris manufactures mechanical wristwatches featuring Swiss and Japanese movement components.
- Inception: 2025
- Headquartered: Gurugram
- Funding Amount: USD 8.5 million
- Lead Investor: Blume
7. Tradl
Tradl provides an AI-powered trading and stock analysis platform.
- Inception: 2021
- Headquartered: Bengaluru
- Funding Amount: USD 4.1 million
- Investors: Nexus Venture Partners, Stellaris Venture Partners
8. Zorit
Zorit provides supply chain services connecting wholesale manufacturers directly to independent retailers.
- Inception: 2015
- Headquartered: Agra
- Funding Amount: USD 2.8 million
- Lead Investor: Sparrow Capital
9. QwikBuild
QwikBuild develops bespoke business software solutions that bridge the gap between AI and production-ready applications.
- Inception: 2025
- Headquartered: Bengaluru
- Funding Amount: USD 2.3 million
- Lead Investor: Globalway
10. Nova Spectral AI
Nova Spectral AI develops shortwave infrared image sensor chips using quantum dots.
- Inception: 2026
- Headquartered: Bengaluru
- Funding Amount: USD 2.3 million
- Lead Investor: Shastra
IPO Activity
The IPO market recorded three tech listings during the week, all on October 23, 2026.
- Zetwerk: Founded in 2018 and headquartered in Bengaluru, Zetwerk manufactures industrial components for the energy, electronics, and aerospace sectors. The company listed with a market capitalization of approximately USD 2,693.9 million at IPO.
- Tonbo Imaging: Founded in 2003 and headquartered in Bengaluru, Tonbo Imaging manufactures electro-optical and infrared sensing and imaging systems. The company listed with a market capitalization of approximately USD 422.7 million at IPO.
- SMT: Founded in 1998 and headquartered in Surat, SMT manufactures minimally invasive cardiovascular devices, including coronary and structural heart products. The company listed with a market capitalization of approximately USD 369.0 million at IPO.
M&A Activity
One acquisition was recorded between October 23 and October 29.
- AI Shield: Founded in 2022 and headquartered in Bengaluru, AI Shield provides AI security solutions for machine learning and GenAI applications. The company was acquired by Protectt.ai on October 26, 2026, for an undisclosed amount.
Equity rounds and tech companies have been considered for the roundup.
Data source: Tracxn
India’s startup funding recorded USD 93.2 million across 19 equity rounds during October 23-29, compared to USD 154.7 million across 20 rounds in the previous week, a decline of 39.76%, according to the latest Tracxn data. Funding was down 53.14% compared to the week before that, which saw USD 198.9 million raised across 24 rounds.
Early-stage companies raised USD 68.3 million and seed-stage startups raised USD 24.9 million, while no late-stage funding was disclosed. Three rounds, including Glance’s Series D, were undisclosed. HealthTech, retail, and enterprise applications were the top-funded sectors, and Bengaluru-based startups accounted for USD 64.3 million of the total. The week also saw three tech IPOs and one acquisition.
TOP FUNDING DEALS
1. Cent
Cent provides a preventive healthcare platform that uses AI and advanced diagnostics to detect serious diseases.
