Startup funding drops 37% on year to $103 million this week

Startups raised around $103.2 million between October 5 and October 11, marking a 36.7% decrease from the same period last year. However, this represents a 34.1% rise from last week’s total of $77 million.

This week, startups, across seed, early and late-stage rounds, raised funds through 21 deals, compared to 29 deals in the year-ago period, when they raised a total of $163 million, according to data from Tracxn.

Top deals of the week


Haber: Artificial intelligence-driven robotics startup Haber raised around $38 million in a funding round led by private equity (PE) firm Creaegis, along with participation from Accel India, and BeeNext Capital.

Spry Therapeutics: Pune-based software-as-a-service (SaaS) company Spry Therapeutics raised $15 million from Flourish Ventures and existing investors Together Fund, Fidelity’s Eight Road Ventures and F Prime Capital.

Economy Process Solutions: Vacuum and process solutions startup Economy Process Solutions raised around $12 million in a series A round led by Stakeboat Capital Fund II.

Urja Mobility: Electric vehicle (EV) battery leasing startup Urja Mobility raised around $12 million in a funding round comprising debt and equity. The round was led by existing investors Mufin Green Finance and Hindon Mercantile.

BioPrime: Biotech startup BioPrime raised $6 million in a round led by Belgium-based Edaphon, with equal participation from existing investors Omnivore and Inflexor Ventures.