Indian startups raised over $248 Mn last week, led by Giva and EloElo Group

Newzchain covered 22 Indian startup funding rounds between November 1 and November 7, worth over $248 Mn across the 18 that disclosed an amount.

The largest rounds went to Giva (over $100 million), EloElo Group ($80 million) and Peppermint Robotics (Rs 100 crore).

Consumer

Four Consumer startups raised nearly $101 Mn last week.

Giva, which sells silver, gold and lab-grown diamond jewellery, raised over $100 million led by Multiples Alternate Asset Management, with Epiq Capital and Edelweiss Discovery Fund.

Hyeglo Beauty, which makes skinified makeup for the D2C beauty market, raised Rs 7 crore in a seed round led by Sauce, with Giga Capital and Consumer Collective.

CHOSEN, which sells dermatologist-guided skincare and nutraceuticals for melanin-rich skin, raised an undisclosed amount in a Series A round from Avnish Chhabria and Saurabh Kapoor.

Viraasat, which makes limited-edition collector’s pieces based on Indian history and mythology, raised an undisclosed amount from Sumit Gupta.

Robotics

Three Robotics startups raised over $23 Mn last week.

Peppermint Robotics, which builds autonomous robots that clean commercial floors and move materials, raised Rs 100 crore in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund.

Armatrix, which develops snake-like robotic manipulators for hazardous industrial spaces, raised Rs 67.28 crore in a seed round led by Crane Venture Partners, with pi Ventures and gradCapital.

Ottonomy, which develops AI-powered autonomous delivery robots, raised approximately Rs 40.6 crore in a post-seed round from Enrission India Capital.

Clean Tech

Three Clean Tech startups raised nearly $21 Mn last week.

altM, which develops specialty chemicals and biomaterials from agricultural residue, raised $10.3 Mn in a Series A round led by Rainmatter and Mela Ventures, with Omnivore and Theia Ventures.

Two Point O, which provides financing, turnkey solutions and equipment leasing for clean energy, raised $10 Mn in a Series A round led by Transition Venture Capital (TVC), with Omnivore and Chiranjeev Singh Saluja.

Bariflo Cybernetics, which uses AI to optimise industrial wastewater treatment, raised Rs 2 crore from MC² Plus.

Fintech

Two Fintech startups raised over $11 Mn last week.

PowerUp Money, which offers AI-led wealth management and mutual fund advisory, raised $10 Mn led by Flourish Ventures, with Peak XV Partners and Accel.

OneStack, which provides technology infrastructure for digital banking at smaller financial institutions, raised Rs 12.5 crore led by Shepherd’s Hill, with Pentathlon Ventures and AVNM Ventures.

Food & Beverage

Two Food & Beverage startups raised over $2.1 Mn last week.

The Croffle Guys, which sells sweet and savoury croffles through quick-service outlets, raised Rs 14 crore led by V3 Ventures, with N.A.N Partners.

Unify Foodworks, which holds the India master franchise for Moe’s and Carvel, raised Rs 5 crore in a seed round led by Atrium Ventures, SailThru Ventures and Arjun Vaidya.

Gaming

Two Gaming startups raised funding last week.

Shortgun Games, which develops story-led action-adventure games for PC and consoles, raised an undisclosed amount from Mahesh Babu.

Metasports Interactive, which makes the mobile cricket strategy game Hitwicket, raised an undisclosed amount from Sachin Tendulkar.

Across other sectors

EloElo Group, which runs micro drama and AI creative platforms, raised $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and Play Ventures (Consumer AI).

Cosmoserve Space, which builds technology to remove defunct satellites and orbital debris, raised $6 Mn in a seed round led by Rebright Partners, with Aranya Holdings and Naandi Ventures (Spacetech).

Venomics AI, which discovers venom-derived therapeutic leads using AI, raised $2.7 million in a pre-seed round led by Speciale Invest and South Park Commons, with Operators Studio (Biotech).

Solgram, which runs a premium temperature-controlled grocery platform, raised over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra (E-commerce).

Dispatch Network, which runs AI-optimised last-mile delivery network for food and quick-commerce, raised Rs 5 crore in a pre-seed round led by Antler India, with Krishi Fagwani and Yashin Mahadevia (Logistics).

OBSESS, which builds an integrated fitness platform connecting users with gyms and trainers, raised approximately Rs 3 crore from Pushpendra Singh and Amit Goel (Fitness).

Most active investors

pi Ventures (Peppermint Robotics and Armatrix), Crane Venture Partners (Peppermint Robotics and Armatrix) and Omnivore (altM and Two Point O) each backed two of last week’s rounds.

Rounds in the works

Nuuk is in talks to raise around Rs 100 crore from Wipro Consumer Care Ventures and RPSG Capital Ventures.

This roundup covers the funding rounds Newzchain reported last week. Rounds with undisclosed amounts are not in the totals.