From Greenjoules To mistEO — Indian Startups Raised Over $25 Mn This Week
The post-festive cheer appears to have done little to lift India’s startup ecosystem as funding activity lost steam this week. Following signs of a recovery in the preceding weeks, the funding landscape witnessed a sharp pullback between November 9 and November 13 as both deal activity and capital inflows took a major hit.
This week, just nine startups raised a combined $25.2 Mn, marking a steep 90.1% decline from the $255 Mn raised in the previous week. The number of deals also fell 55% from 20 in the preceding week, pointing to a marked slowdown in funding activity.
Funding Galore: Indian Startup Funding Of The Week [Nov 9–Nov 13 ]
Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor 11 Nov 2026 Greenjoules Clean Tech Climate Tech B2B $16 Mn* Series B Smbhav Venture Fund, Climate Pledge Fund, Strategic Autonomy Fund, Rainmatter Smbhav Venture Fund, Climate Pledge Fund 13 Nov 2026 Kutlerri.ai AI Application Layer B2B $4 Mn – Narahari Investments Narahari Investments 10 Nov 2026 Froncort.AI AI Application Layer B2B, B2G $2.3 Mn – Google.org Google.org 12 Nov 2026 mistEO AI Application Layer B2B $1.9 Mn Seed MGF-Kavachh, Seafund MGF-Kavachh 12 Nov 2026 Hundo Pizza Foodtech Cloud Kitchen B2C $796K – Titan Capital, Indian Silicon Valley Capital, Ankur Rangnekar (Angel), Akshay Rangnekar (Angel), Haresh Chawla (Angel) Titan Capital 10 Nov 2026 ECOPATH Clean Tech Climate Tech B2B $238K Seed Social Alpha, Gemcorp Recycling & Technologies – 12 Nov 2026 QB Men Ecommerce D2C B2C – Pre-Seed BeyondSeed, Rajkot Ventures, Prajay Advisors BeyondSeed 12 Nov 2026 PlayBlue Ecommerce D2C B2C – – KL Rahul (Cricketer) KL Rahul (Cricketer) 12 Nov 2026 Recykal Clean Tech Climate Tech B2B – Sachin Tendulkar (Cricketer) Sachin Tendulkar (Cricketer) Source: Inc42*Part of a larger round
Key Startup Funding Highlights Of The Week
- Clean tech led the funding charts this week, with three deals collectively bringing in $16.2 Mn. Greenjoules accounted for the bulk of the capital raised, bagging $16 Mn as part of a larger round.
- AI followed with three deals worth a combined $8.2 Mn. Kutlerri.ai raised $4 Mn from Narahari Investments, while Froncort.AI secured $2.3 Mn from Google.org. mistEO also bagged $1.9 Mn in a seed round led by MGF-Kavachh.
- The usual investor-favourite sector, ecommerce, accounted for just two deals, although the amounts were not disclosed.
- Meanwhile, early-stage startups collectively raised $2.1 Mn across three seed and pre-seed deals.
Startup Fund Updates This Week
- Global VC firm Norwest closed its largest-ever fund, Norwest 18, at $4 Bn, taking its total assets under management to $18 Bn. The fund will back venture and growth-stage companies across the technology, healthcare and consumer sectors in the US, India and Israel.
Startup M&As This Week
- InCred Capital acquired the India business of London-based luxury lifestyle management group Quintessentially. The acquisition will give Quintessentially access to InCred Capital’s ₹1 Lakh Cr wealth management franchise and broaden its range of exclusive experiences.
Other Developments Of The Week
- Online pharmacy startup PlatinumRx is in talks to raise around $32 Mn in a funding round led by Belgium-based investment firm Sofina Ventures. The proposed deal could value the Bengaluru-based startup at $150 Mn to $200 Mn.
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