Indian startups raised a combined $255 Mn across 20 deals between November 2 and 6, a 96% jump from the $130.3 Mn raised the previous week.
The increase in capital came with fewer transactions. Deal count fell 38% week-on-week, from 32 to 20, which means the average cheque was considerably larger than in the preceding week.
GIVA's $103 Mn fundraise was the biggest contributor. That single round accounts for roughly 40% of the week's total and pushed ecommerce to the top of the sector table as the most funded segment. EloElo Group was also among the startups that secured funding during the period.
On the investor side, Omnivore was the most active, with backing for altM and Two Point O Capital.
The week's numbers show how a single large transaction can shape funding totals. Strip out GIVA's round and the remaining 19 deals would have raised about $152 Mn, only modestly above last week's overall figure, though that was spread over a larger number of deals.
The first week of November began with funding activity picking up after a slower stretch measured by deal volume. Whether the higher dollar total holds will depend on whether more late-stage rounds follow in the coming weeks, since the number of deals closed fell sharply.
