SUMMARY
Between November 17 and November 21, twenty startups cumulatively raised $171.4 Mn, marking an over 5% uptick from the $162.9 Mn bagged by 22 startups in the previous week
Inflection Point Ventures and Titan Capital were the most active investors this week, backing two startups apiece
Seed funding continued to remain strong this week, with nine startups at this stage raising $24 Mn
After a three weeks of consecutive decline in fresh capital infusion in the Indian startup ecosystem, startup funding showed some signs of revival in the third week of November.
Between November 17 and November 21, twenty startups cumulatively raised $171.4 Mn, marking an over 5% uptick from the $162.9 Mn bagged by 22 startups in the previous week.
Funding Galore: Indian Startup Funding Of The Week [ Nov 17 – 21 ]
* A combination of debt and equity investment
** Part of a larger round
Note: Only disclosed funding rounds have been included
Key Startup Funding Highlights Of The Week
- Fintech segment continued to be the investor favourite segment this week with two startups — Yubi and Pibit.AI — raising the highest $53.4 Mn.
- Ecommerce trailed fintech in terms of fresh capital infusion, with three startups raising $34.1 Mn this week. A similar number of deals materialised in AI and real estate tech segments as well.
- Inflection Point Ventures (IPV) and Titan Capital were the most active investors this week, backing two startups apiece.
- Seed funding continued to remain strong this week, with nine startups at this stage raising $24 Mn. Funding at this stage doubled week-on-week.
Startup IPO Updates This Week
- After closing its IPO with a robust 52.95X oversubscription, SaaS major Capillary Technologies made a muted debut on the bourses on Friday. While the company’s shares listed at a 3% discount on the BSE from its IPO price, they ended the first trading session up 8.38% at INR 606.9.
- After closing its IPO with an oversubscription of 1.8X last week, PhysicsWallah made a stellar debut on the bourses on Tuesday. The stock got listed at INR 143.10 on the BSE, a premium of 31.39% to the issue price of INR 109.
- Snapdeal’s parent entity AceVector Group secured SEBI’s approval to go ahead with its INR 500 Cr initial public offering (IPO). The company had pre-filed its DRHP in July.
- Ecommerce major Meesho is targeting a listing in the month of December at a valuation of over $6 Bn for its IPO.
Other Developments Of The Week
- Venture debt firms BlackSoil Capital and Caspian Debt formally completed their merger to create an INR 1,900 Cr venture debt NBFC.
- SIDBI Venture Capital announced the first close of the government’s spacetech focussed VC fund, Antariksh Venture Capital Fund (AVCF), at INR 1,005 Cr. The fund has a total corpus of INR 1,600 Cr, along with an investment of INR 1,000 Cr investment from state-backed IN–SPACe.
- At Bengaluru Tech Summit 2025, Karnataka government secured investment commitments to the tune of INR 2,600 Cr from companies including the Drone Federation of India, Global HDI, Tsuyo Manufacturing, among others.
- SaaS unicorn Icertis acquired AI-led legal tech platform Dioptra for an undisclosed amount.
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