Indian tech and startup funding rose to $245.9 million across 22 rounds during the week ended October 23, up 6.2% from the previous week's tally, per data from Tracxn. However, this was 26.7% lower than the same period last year.
Even Healthcare led deal activity with $50 million, followed by Different at $48 million, Baba Care at $40 million, and AuxoAI at $20.7 million. General Catalyst was among the most active investors, backing Baba Care and Different. Blume Ventures invested in Hunar.AI and Harajuku, while Seedstars participated in rounds of Hunar.AI and Karta.
Early-stage deals accounted for 70.8% of the capital raised, while seed-stage transactions made up 25.2%. Late-stage companies comprised the remaining 4.1%.
Top deals this week
Even Healthcare: Bengaluru-based managed healthcare startup Even Healthcare raised $50 million in a round led by existing investor Khosla Ventures, with participation from Alpha Wave. The company plans to use the funds to expand its hospital network and scale its managed care model. Even currently operates two hospitals in Bengaluru and plans to open five more in the city over the next six months.
Navitas Solar: Solar module manufacturer Navitas Solar secured growth capital of up to $20 million from Swiss impact asset manager responsAbility. The Surat-based company will use the funding to support its backward integration into solar cell manufacturing, including a planned 2.2 GW facility, and expand its presence across the domestic solar value chain.
Greenzo Energy: Green hydrogen company Greenzo Energy raised Rs 130 crore ($13.7 million) in a round led by investor Ashish Kacholia and associates, valuing the company at around Rs 1,030 crore post-money. The company plans to use the funds to expand electrolyser manufacturing, strengthen backward integration and research and development, and support working capital and project execution.
The Pant Project: Premium menswear brand The Pant Project raised Rs 109 crore ($11.5 million) in a round led by Mirae Asset Venture Investments, with participation from existing investor Sorin Investments and others. The company plans to use the capital to expand its offline store network, enter more apparel categories and grow its team.
Other notable deals this week included AuxoAI's $20.7 million fundraise, Battery Smart's $10 million round, and funding rounds at Hunar.AI and Karta, according to Tracxn.
Even Healthcare led deal activity with $50 million, followed by Different at $48 million, Baba Care at $40 million, and AuxoAI at $20.7 million. General Catalyst was among the most active investors, backing Baba Care and Different. Blume Ventures invested in Hunar.AI and Harajuku, while Seedstars participated in rounds of Hunar.AI and Karta.
Early-stage deals accounted for 70.8% of the capital raised, while seed-stage transactions made up 25.2%. Late-stage companies comprised the remaining 4.1%.
Top deals this week
Even Healthcare: Bengaluru-based managed healthcare startup Even Healthcare raised $50 million in a round led by existing investor Khosla Ventures, with participation from Alpha Wave. The company plans to use the funds to expand its hospital network and scale its managed care model. Even currently operates two hospitals in Bengaluru and plans to open five more in the city over the next six months.
Navitas Solar: Solar module manufacturer Navitas Solar secured growth capital of up to $20 million from Swiss impact asset manager responsAbility. The Surat-based company will use the funding to support its backward integration into solar cell manufacturing, including a planned 2.2 GW facility, and expand its presence across the domestic solar value chain.
Greenzo Energy: Green hydrogen company Greenzo Energy raised Rs 130 crore ($13.7 million) in a round led by investor Ashish Kacholia and associates, valuing the company at around Rs 1,030 crore post-money. The company plans to use the funds to expand electrolyser manufacturing, strengthen backward integration and research and development, and support working capital and project execution.
The Pant Project: Premium menswear brand The Pant Project raised Rs 109 crore ($11.5 million) in a round led by Mirae Asset Venture Investments, with participation from existing investor Sorin Investments and others. The company plans to use the capital to expand its offline store network, enter more apparel categories and grow its team.
Other notable deals this week included AuxoAI's $20.7 million fundraise, Battery Smart's $10 million round, and funding rounds at Hunar.AI and Karta, according to Tracxn.