From GIVA To EloElo Group — Indian Startups Raised $255 Mn This Week

by · Inc42

SUMMARY

  • Twenty startups cumulatively raised $255 Mn between November 2 and 6, up 96% uptick from $130.3 Mn raised last week. However, deal count declined 38% week-on-week to 20
  • On the back of GIVA’s mega $103 Mn fundraise, ecommerce emerged as the most funded sector this week
  • Omnivore emerged as the most active investor this week, backing altM and Two Point O Capital
  • Added to Saved Stories in Login

Startup funding activity gathered steam in the first week of November. As per Inc42 data, 20 Indian startups cumulatively raised $255 Mn between November 2 and 6. This marks a 96% uptick from $130.3 Mn raised last week.

However, deal count declined 38% to 20 as against 32 in the preceding week.