The Indian startup ecosystem witnessed funding worth $186 million from October 21 to October 26, representing a significant 58.57 percent decline compared to the previous seven days. 

In the past week, startups in India raised money across various sectors including artificial intelligence, health, logistics, wellness, consumer brands, and educational technology. 

In the week, which began from October 14 to October 20, Indian educational technology platform Eruditus had raised $150 million alone in a series F funding round. 

However, in the past seven days, such a significant funding round did not take place in the Indian startup landscape, and it is considered one of the main reasons behind the 58.57 percent decline in funding. 

Significant Deals

In the past week, educational technology company upGrade raised $60 million in funding, while AI Acceleration Cloud System provider Neysa raised $30 million in a Series A funding round. 

Meanwhile, healthcare startup Even Healthcare raised $30 million, followed by , Dairytech startup Stellapps Technologies at $26 million, and Healthtech startup Healthify raising $20 million. 

Last week, Indian startup Advance Mobility raised $3 million in a funding round led by investors including India Accelerator and Finvolve. 

The company, known for optimising fleet operations for firms like Uber will use the financial backing to strengthen its present business, as well as expanding market presence. 

"We are incredibly thankful to India Accelerator, Finvolve and all our investors for their tremendous support. With changing dynamics, mobility as a solution is emerging as a massive opportunity and Advance Mobility is fully committed to continue expanding in this direction," said Mohit Jalan, founder of Advance Mobility. 

India's Evolving Startup Landscape

Driven by friendly investment environment, startups operating India have been increasingly grabbing the attention of domestic and international investors over the past few years. 

According to Inc42's report, fundings for start-ups in India in the first three quarters of this year reached $8.7 billion, representing a rise of 20 percent compared to the same period in the previous year. 

Moreover, the number of deals in the first nine months also grew to 766 compared to 691 in the first three quarters of 2023.