India’s startup ecosystem witnessed a quieter week on the funding front, with 25 startups raising a total of $169.28 million between November 10–15 — a 30.3% drop compared to the $242.88 million secured in the previous week. The deals included 4 growth-stage and 20 early-stage rounds, while one startup kept its funding confidential.
Growth-Stage Momentum Led by Finnable
Growth and late-stage funding totalled $169.28 million across four deals, driven largely by fintech:
Finnable, the digital lending platform, raised ₹500 crore in equity led by Z47 and TVS Capital, with the MEMG Family Office joining the round.
Isprava Group, a luxury home development and rental firm, secured ₹250 crore (~$28.4M) in debt from Singapore-based Luxe Opco Holdings.
Bombay Shaving Company raised ₹136 crore ($15.3M).
Haus & Kinder, a D2C home and baby brand, picked up $3.3 million.
Early-Stage Deals Stay Strong With $62M Raised
Twenty early-stage companies collectively raised $62.28 million:
Tetr College, a new-age global B-school, topped the list with an $18M maiden round from Owl Ventures and Bertelsmann India Investments.
Brandworks Technologies raised $11M in its Series A.
Digital mental health platform MindTalk secured $7.3M in seed funding.
Other funded players include HRS Navigation, Codeyoung, QuickShift, and a full-stack gig workforce platform.
Ochre Spirits raised funding in an undisclosed round.
Where the Deals Happened
Bengaluru and Mumbai led the charts with 8 deals each.
Delhi-NCR followed with 3 deals, while Pune, Kerala, Rourkela, Prayagraj, Lucknow, and Goa also saw activity.
Sector-wise, e-commerce topped the week with 5 deals, followed by healthtech with 3.
Seed funding remained dominant with 9 rounds, while pre-seed, Series A, and pre-Series A also recorded healthy participation.
Hiring and Leadership Moves
Several strategic leadership changes grabbed attention:
Razorpay appointed former Google engineering leader Prabhu Rambadran as SVP Engineering.
Sharon Pais of Myntra shifted to become BU Head for Flipkart Fashion.
upGrad named Deepesh Dhakad as Chief Product & Technology Officer.
Marmento appointed Anshuman Jain as CRO.
JioHotstar hired former Uber executive David Zakkamas as SVP & Head of Analytics and Data Strategy.
Sourav Karmakar, AVP Product at CoinDCX, resigned after 3.5 years.
Fund Launches
India Accelerator and V S Fortune launched LeapFWD, targeting proptech and construction tech.
IFC invested $60 million in Everstone Capital Partners V.
Hyderabad Angel Fund launched a ₹100 crore VC initiative.
British International Investment and BlueOrchard announced a $250 million fund.
Mergers, Acquisitions & Shutdowns
Unnati Agri is set to acquire rival Gramophone in a share-swap deal, giving Gramophone a 30–35% stake in the merged entity.
VideoDB acquired Chennai-based Devzery in an undisclosed deal.
BharatAgri shut operations due to funding challenges and continued losses.
Financial Results Round-Up
Several consumer, tech, and internet companies published quarterly updates:
FirstCry: ₹2,099 Cr revenue, ₹111 Cr EBITDA (Q2 FY26).
JetSynthesys: ₹108 Cr EBITDA loss on ₹208 Cr revenue (FY25).
Infibeam: Revenue up 93% to ₹1,965 Cr (Q2 FY26).
Healthkart: Revenue near ₹1,400 Cr; profit tripled (FY25).
Nazara: Slipped into losses due to PokerBaazi write-off.
MamaEarth: ₹39 Cr profit on ₹538 Cr revenue (Q2 FY26).
Info Edge: ₹805 Cr revenue; ₹347 Cr profit.
Unicommerce: Revenue up 75%.
Awfis: Profit down nearly 60%.
Yatra: Revenue crosses ₹350 Cr; profit doubles.
Ather: ₹899 Cr revenue, surpassing Ola Electric.
MapMyIndia: ₹114 Cr revenue; profit down 38%.
WeWork India: ₹575 Cr revenue; ₹6 Cr profit.
Uppercase: Losses doubled; revenue up 34%.
IPO Buzz & Market Debuts
IPO activity surged this week:
Groww listed with a 14% premium, strengthening its lead over Zerodha with 1.38 lakh new active demat accounts in October.
Pine Labs debuted with a 10% listing gain and secured all three key RBI payment licences.
Lenskart opened below its issue price with a muted market response.
PhysicsWallah is set to list next week after its IPO was 1.8x subscribed.
Capillary Technologies raised ₹394 crore from 21 anchor investors ahead of its IPO.
New Launches and Partnerships
PhonePe partnered with OpenAI to accelerate adoption of ChatGPT tools in India.
Swiggy expanded its premium concierge service Crew to Bengaluru, Mumbai, and NCR, signalling a broader push into lifestyle services.
Weekly Snapshot
Total funding this week: $169.28M
Week-on-week change: -30.3%
8-week average: ~$316M per week with ~25 deals
Major theme: Funding slowdown but strong IPO traction across fintech and edtech.
