Indian startup funding sees steep weekly decline to $123M
Indian startup funding fell sharply week-over-week, with 25 companies raising $122.9 million between October 5 and October 9, down from $233.6 million across 16 deals the prior week. The data, reported by Inc42 and MSN, marks the second consecutive weekly drop following a brief rebound in late September.
DailyObjects, a direct-to-consumer (D2C) accessories brand, led the week with a sizable round—one of the few large deals in an otherwise subdued period. Other sectors, including fintech and edtech, saw smaller checks, reflecting broader investor hesitation. The decline follows a trend observed since August, when funding peaked before sliding in early September.
The drop contrasts with last month’s volatility, when funding swung significantly week-over-week. While D2C brands like DailyObjects continue to attract capital, the overall slowdown suggests investors are favoring selective bets over widespread growth-stage deals. Observers will watch whether this caution persists or if the coming weeks bring a reversal.
“The sharp decline signals ongoing investor caution amid broader market volatility, though D2C remains a rare bright spot.”
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