Weekly Funding Roundup for October Last Week

Weekly Funding Roundup for October Last Week

This week, 15 Indian startups received funding, with 13 receiving a total of approximately $293.3 million. 

The top fundraisers were Udaan and boAt, who raised $120 million and $60 million, respectively. 

Last week, 33 domestic startups raised $509.4 million in funding.

Growth/late-stage transactions

Five growth or late-stage startups received funding this week. 

Among those on the list are Udaan's $120 million convertible note and debt round, boAt, and SiMa.ai Byju.

Sr. No.

Startup Name

Segment

Amount Raised

(In $Mn)

Series

Lead Investor/s

Investors Participated

1

boAt Lifestyle

Consumer electronics company

60

----

Warburg Pincus

Malabar Investment

Early-stage transactions

Ten startups have raised funds in the early stages, including three undisclosed rounds. 

Devtron, a DevOps startup, topped the list with a $12 million Series A round.

Cybersecurity startup BluSapphire, Serosoft, EMotorad, The Indus Valley, and LUVIN are among the other companies on the list.

Sr. No.

Startup Name

Segment

Amount Raised

(In $Mn)

Series

Lead Investor/s

Investors Participated

1

Devtron

open-source DevOps platform

12

----

Insight Partners.

Leo Capital

2

BluSapphire Cyber Systems

Full-stack cybersecurity platform

9.2

Series A

Barings Private Equity India

Dallas Venture Capital, RPG Ventures     Merisis Venture Partners

Unannounced transactions

SoME, Sama, and GoFloaters did not provide financial information. 

Deals by city and segment

This week, Bengaluru-based startups led in both the number of startup deals and the amount raised. 

According to Fintrackr data, six Bengaluru-based startups raised $204 million this week, accounting for 69.36% of total funding. 

During the week, two Delhi-NCR startups raised $72 million in two separate transactions.

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