From Boldfit To Origin — Indian Startups Raised About $236 Mn This Week

Startup funding continued to pick up pace in the second week of October. Overall, Indian new-age tech ventures raised $236.2 Mn across 25 deals between October 12 and October 16. This was 92.2% higher from the previous week, when 25 startups raised $122.9 Mn. 

Funding Galore: Indian Startup Funding Of The Week [Oct 12 – 16]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
12 Oct 2026	Boldfit	Ecommerce	D2C	B2C	$41.8 Mn	Series B	Bharat Value Fund	Bharat Value Fund
13 Oct 2026	GreenCell Mobility	Travel Tech	Electric MaaS	B2B	$34.6 Mn	–	Impact Fund Denmark	Impact Fund Denmark
16 Oct 2026	RapidCanvas	AI	Application Layer	B2B	$29 Mn	Series B	Vertex Ventures SEA & India, Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners, Titanium Ventures	Vertex Ventures SEA & India
14 Oct 2026	Scimplify	Enterprise Services	Manufacturing Soutions	B2B	$25 Mn	–	Hitachi Ventures, Accel, Bertelsmann India Investments, 3one4 Capital, Omnivore, Teknor Apex, Henkel	Hitachi Ventures
16 Oct 2026	Origin	Advanced Hardware & Technology	Robotics	B2B	$20 Mn	–	Accel, Zacua Ventures,Unilazer Ventures, Schema Ventures, Z21, Vivin Hegde (Zacua Ventures)	Accel, Zacua Ventures
15 Oct 2026	Confido Health	Health Tech	Healthcare SaaS	B2B	$12.5 Mn	Series A	Z47, Together Fund, Blume Ventures, Justin Saks (Private Equity Investor)	Z47
13 Oct 2026	MESA School Bag	Edtech	Offline Education	B2C	$11.4 Mn *	Series A	Dharana Capital, Elevation Capital, InnoVen Capital, Alteria Capital	Dharana Capital, Elevation Capital
14 Oct 2026	Spill Games	Media & Entertainment	Gaming	B2C	$10.5 Mn	Series A	Elevation Capital, Centre Court Capital, PeerCapital	Elevation Capital
13 Oct 2026	Clueso	AI	Application Layer	B2B	$10 Mn	Series A	Dharana Capital, Founders Future, Neotribe Ventures, Y Combinator, F7 Ventures	Dharana Capital
13 Oct 2026	MakeO	Health Tech	In-Clincal Heathcare	B2C	$9.4 Mn	–	Singularity AMC, DSP family office, Genesis, Unispace Ventures	Singularity AMC
14 Oct 2026	Parallel Loop	AI	Application Layer	B2B	$6.6 Mn	Seed	3one4 Capital, Picus Capital, Flourish Ventures, Economic Development Innovations Singapore.	3one4 Capital
15 Oct 2026	Shamrock AI	AI	Application Layer	B2B	$5 Mn	Seed	Endiya Partners, Capria Ventures	Endiya Partners
13 Oct 2026	NuSynth	Enterprise Services	Manufacturing Soutions	B2B	$4 Mn	Seed	Avaana Capital, Shastra VC	Avaana Capital, Shastra VC
13 Oct 2026	ThinkMetal	Enterprise Services	Manufacturing Soutions	B2B	$2.8 Mn	–	IAN Alpha Fund, VC 3i Partners	IAN Alpha Fund
14 Oct 2026	Circle	Ecommerce	Recommerce	B2C	$2.6 Mn	Seed	Nexus Venture Partners, Titan Capital Raveen Sastry (Myntra), Ajith Pai (Delhivery)	Nexus Venture Partners
14 Oct 2026	RevRag.AI	AI	Application Layer	B2B	$2.5 Mn	Seed	Accion Ventures, Cedar Hill Capital, Wyser, Venture Catalysts	Accion Ventures
14 Oct 2026	The Stack	Ecommerce	D2C	B2C	$2.2 Mn	–	Sauce.vc, OTP Ventures, Huddle Ventures, AYRA Ventures	Sauce.vc, OTP Ventures, Huddle Ventures
14 Oct 2026	OXG Space	Advanced Hardware & Technology	Space Tech	B2B	$1.7 Mn	_	Aum Ventures, India Innovation Fund II, Pawan Kumar Chandana (Skyroot), Bharath Daka (Skyroot), Dr. Chiran Phanindra (Cosmoserve)	Aum Ventures
16 Oct 2026	Cosmochute	Advanced Hardware & Technology	Robotics	B2B	$1.5 Mn		Accel, Prosus Ventures, IIMA Ventures’ Deep-tech and Aerospace Acceleration Fund, Operators Studio, Chinmayi Muthyala	Accel, Prosus Ventures
13 Oct 2026	Foundry	Ecommerce	D2C	B2C	$1.2 Mn	Pre-Seed	BEENEXT, Kettleborough VC, Rishubh Satiya (Plix), Anindita Sampath (Yogabar), Anita Pramoda (Owned Outcomes)	BEENEXT, Kettleborough VC
14 Oct 2026	RocketPay	Fintech	Fintech SaaS	B2B	$1 Mn	–	Sandeep Jain, Inflection Point Ventures, LetsVenture, Launch Capital, AVNM Ventures, Navyug Global Ventures, All In Capital	Sandeep Jain
15 Oct 2026	AdGraam	AI	Application layer	B2B	$316K	Seed	Umair Mohammad (Nitro Commerce)	Umair Mohammad (Nitro Commerce)
15 Oct 2026	Formial Labs	Ecommerce	D2C	B2C	$303K	Pre-Seed	Zeropearl VC	Zeropearl VC
13 Oct 2026	wudhomes	Ecommerce	D2C	B2C	$263K	Pre-Seed	AJVC, Rohit Choudhary (Seekho), Keertay Agarwal (Seekho), Yash Banwani (Seekho)	AJVC
15 Oct 2026	Vitonnix	Ecommerce	D2C	B2C	–	Seed	Inflection Point Ventures, Riteish Deshmukh (Actor), Boman Irani (Actor), Jaspinder Narula (Singer), Madhu Mantena (Film Producer)	Inflection Point Ventures
	Source: Inc42 *Mix of equity and debt ** Part of a larger round

Key Startup Funding Highlights Of The Week

• AI dominated the funding charts this week, attracting $53.4 Mn across six deals. RapidCanvas’ $29 Mn Series B round accounted for 54.3% of the total capital deployed in the segment.
• Ecommerce emerged as the second-most funded sector and lapped up $48.3 Mn, followed by travel tech at $34.6 Mn and enterprise services at $31.8 Mn. Advanced hardware and technology also attracted $23.2 Mn.
• Early-stage funding continued to gather steam as pre-seed and seed-stage startups raised $25.9 Mn across 11 disclosed deals this week.
• Accel emerged as the most active investor of the week, backing four startups. Other backers such as Hitachi Ventures, 3one4Capital and Inflection Point Ventures also participated in multiple rounds this week. 

Startup M&A Updates Of The Week

• IT advisory firm Infotech acquired Bengaluru-based SaaS startup Zluri to strengthen its application discovery and identity governance capabilities. The terms of the deal were not disclosed. 
• Nasdaq-listed SaaS major Freshworks signed a definitive agreement to acquire SaaS management platform Torii for an undisclosed amount to expand into AI spend management. The deal is expected to close by Q3 FY26.

Startup IPO Updates Of The Week

• Zetwerk’s public issue was subscribed 31% at the end of the second day of bidding. The B2B manufacturing startup’s IPO comprises a fresh issue of shares worth ₹2,830 Cr and an OFS component of up to 14.45 Cr shares.
• Investors made a beeline for Tonbo Imaging’s ₹852 Cr IPO. The issue was subscribed 7.78X on the second day of bidding, receiving bids for 6.63 Cr shares as against 85.26 Lakh shares on offer. It is scheduled to list on the bourses on October 23.

Other Developments Of The Week

• Bengaluru-based manufacturing Whizzo is in talks to raise around $26 Mn in a Series B round, which will likely be co-led by Aavishkaar Capital and Bertelsmann Investments.
• Haircare startup Traya is also in talks to raise around ₹300 Cr from Verlinvest. The round, which will likely include both primary and secondary deals, could potentially value the startup between ₹2,500 Cr and ₹3,000 Cr.

The post From Boldfit To Origin — Indian Startups Raised About $236 Mn This Week appeared first on Inc42 Media.

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