Weekly Funding Roundup for October Last Week

Nov 14, 2022

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

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

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

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.