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 ]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
21 Nov 2025
Yubi
Fintech
Lending Tech
B2B
$46.4 Mn*
–
EvolutionX Debt Capital, Gaurav Kumar (Yubi)
–
20 Nov 2025
AgroStar
Agritech
Farmtech/Agri & Farm Inputs
B2B
$30 Mn
–
Just Climate
Just Climate
19 Nov 2025
Tractor Junction
Ecommerce
Vertical Marketplace
B2B, B2C
$22.5 Mn*
Series A
Astanor, Info Edge Ventures, Omnivore
Astanor
19 Nov 2025
Pidge
Logistics
Logistics SaaS
B2B
$13.6 Mn
Series A
La Vida es Chula (LVEC).
La Vida es Chula (LVEC).
20 Nov 2025
Agraga
Logistics
Shipping & Delivery
B2B
$11.3 Mn
Pre-Series B
Bajaj Finserv Group, IvyCap Ventures
Bajaj Finserv Group
20 Nov 2025
Ultrahuman
Ecommerce
D2C
B2C
$11.2 Mn
Debt
Alteria Capital
Alteria Capital
20 Nov 2025
Pibit.AI
Fintech
Insurtech
B2B
$7 Mn
Series A
Stellaris Venture Partners, Y Combinator, Arali Ventures
Stellaris Venture Partners
19 Nov 2025
Synthio Labs
AI
Application Layer
B2B
$5 Mn
Seed
Elevation Capital, Peak XV Partners, Y Combinator
Elevation Capital
20 Nov 2025
Kaaj
AI
Application Layer
B2B
$3.8 Mn
Seed
Kindred Ventures, Better Tomorrow Ventures, Karman Ventures, Pythia Ventures and Coughdrop Capital.
Kindred Ventures
18 Nov 2025
Axirium Aerospace
Advanced Hardware & Technology
Aerial Vehicles
B2B
$3.5 Mn
Seed
Shastra VC, BEENEXT, Ashish Gupta (Helion Advisors), PVS Raju (AIG Hospitals)
Shastra VC, BEENEXT
19 Nov 2025
Stylework
Real Estate Tech
Property Listing & Discovery
B2B, B2C
$3.4 Mn
Pre-Series B
Equentis Angel Fund, Karekeba Ventures, Cogniphy AIF Fund, LetsVenture Fund, MoneyVyapaar
Equentis Angel Fund
17 Nov 2025
Tribe Stays
Real Estate Tech
Property Listing & Discovery
B2C
$2.8 Mn
Seed
Artha Venture Fund, Riverwalk Holdings, Kunal Khanna (Vivaldis)
Artha Venture Fund, Riverwalk Holdings
20 Nov 2025
CtrlB
Enterprise Tech
Horizontal SaaS
B2B
$2.5 Mn
Seed
Chiratae Ventures, Equirus, InnovateX Fund, Campus Fund, Point One Capital
Chiratae Ventures
19 Nov 2025
STAN
Media & Entertainment
Gaming
B2C
$2 Mn**
Series A
Sony Innovation Fund, Hyderabad Angels Fund
–
21 Nov 2025
Sophrosyne Technologies
Advanced Hardware & Technology
Semiconductors
B2B
$2 Mn
Seed
Bluehill Capital
Bluehill Capital
20 Nov 2025
Thimblerr
Enterprise Services
Manufacturing Solutions
B2B
$1.4 Mn
–
Inflection Point Ventures, 3one4 Capital, Mount Judi Ventures, Venture Catalysts, We Founder Circle
Inflection Point Ventures
18 Nov 2025
Pype AI
AI
Application Layer
B2B
$1.2 Mn
Pre-Seed
Kalaari Capital, Wyser Capital, Tenity
Kalaari Capital
19 Nov 2025
HomeRun
Real Estate Tech
Construction
B2C, B2B
$1 Mn
Seed
Titan Capital, Sparrow Capital, Consumer Collective by Atrium, Anupam Mittal (Shaadi.com), Abhishek Goyal (Tracxn), Suraj Nalin (PlaySimple), Raj Sheth (Inuka Capital), Gautam Shewakramani (Inuka Capital)
Titan Capital, Sparrow Capital
18 Nov 2025
Hoopr
Media & Entertainment
OTT
B2C
$451K
Pre-Series A
Inflection Point Ventures
Inflection Point Ventures
18 Nov 2025
Circle
Ecommerce
Horizontal Marketplace
B2C
$383K
Pre-Seed
Titan Capital, Raveen Sastry (Myntra)
Titan Capital
Source: Inc42
* 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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