Indian startups raised $162 million across 16 deals in the third week of October, down from $180 million in the previous week. The decline was driven by a lower number of transactions and the absence of large-value funding rounds across most sectors.
Blacksmith and Even Healthcare were the week’s biggest fundraisers, securing $66 million and $50 million, respectively. Other notable investments went to consumer brands, healthcare platforms, traveltech and AI startups, including The Pant Project, CureBay, Chapter Home, TravClan and Hunar AI.
Despite continued investor interest across healthcare, consumer businesses and artificial intelligence, the limited number of large-ticket deals remains a concern for India’s startup ecosystem. However, a potential recovery in funding activity could emerge in 2027.
Key funding deals
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Blacksmith - Raised $66 Mn in a Series C round from Sequoia Capital, Premji Invest, Peak XV Partners, Google Ventures and Y Combinator.
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Even Healthcare - Raised $50 Mn from Khosla Ventures and Alpha Wave.
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The Pant Project - Raised Rs 109 Cr ($11.4 Mn) from Mirae Asset Venture Investments, Sorin Investments, Alteria Capital and family offices.
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CureBay - Raised Rs 100 Cr ($10.4 million) from IvyCap Ventures, Trifecta Capital, Alteria Capital and VentureSoul Partners.
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Chapter Home - Raised Rs 63 Cr ($6.6 million) through equity and debt from Bessemer Venture Partners, Stride Ventures, Tanmay Bhat and select family offices.
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TravClan - Raised $5 Mn from Flipkart, August One and Trifecta Capital.
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Hunar AI - Raised Rs 40 Cr ($4.2 Mn) in a Series A round from Blume Ventures, Hyderabad Angels Fund, Together Fund, Seedstars, AVNM Ventures and startup founders.
Week at a glance
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Total funding: $162 Mn
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Number of deals: 16
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Previous week’s funding: $180 million
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Largest deal: Blacksmith - $66 million
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Other major deal: Even Healthcare - $50 million
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Key sectors: Healthcare, consumer brands, traveltech and AI
