From Freehand To Sid’s Farms — Indian Startups Raised $142 Mn This Week

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Indian startup funding cooled in the final week of July. Between July 27 and 31, Indian startups cumulatively raised about $142.3 Mn across 11 deals, down about 32% from the $209.1 Mn raised by 14 startups last week. Funding Galore: Indian Startup Funding Of The Week Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor 29 Jul 2026 Freehand AI Application Layer B2B $75 Mn - Battery Ventures, NewRoad Capital Partners, PSP Growth, Nexus Venture Partners Battery Ventures, NewRoad Capital Partners 30 Jul 2026 Arboreal Bioinnovations Enterprise Services Manufacturing Solutions B2B $24 Mn Series A EAAA Alternatives, Omnivore, Rainmatter EAAA Alternatives, Omnivore 31 Jul 2026 Smallest.ai AI Application Layer B2B $13 Mn Series A Seligman Ventures, Sierra Ventures, 3one4 Capital Seligman Ventures 30 Jul 2026 Sid’s Farm Ecommerce D2C B2C $8.5 Mn Pre-Series B Omnivore, Narotam Sekhsaria Family Office, Dodla Dairy, Next Bharat Ventures, Leaders for India Organisation - 29 Jul 2026 Fixxly Consumer Services Quick Commerce B2B $5.5 Mn Seed Accel, Fireside Ventures, Lightspeed India Partners Accel, Fireside Ventures, Lightspeed India Partners 27 Jul 2026 Omega Seiki Mobility Clean Tech Electric Vehicles B2B, B2C $5.2 Mn - Saket Aggarwal Family Office, Securocorp Securities, Sangeeta Pareekh (angel investor), Vanshika Sharma (angel investor) - 29 Jul 2026 Revspot AI Application Layer B2B $4.8 Mn Series A Inflexor Ventures, Info Edge Ventures, Pentathlon Ventures, Silicon Road Ventures, Titan Capital Inflexor Ventures, Info Edge Ventures 30 Jul 2026 SUIND Advanced Hardware & Technology Aerial Vehicles B2B $2.1 Mn Seed Transition VC, IIMA Ventures Transition VC 28 Jul 2026 House of Student Real Estate Tech Listing & Discoveries B2C $2 Mn Seed Nirmitsu Ventures, Gautam Verlekar (angel), Glen Fernandes (New York Mellon), Richard McCallum (ex-UK India Business Council), Ali Moosa (Singapore Gulf Bank), Unilodgers Nirmitsu Ventures 30 Jul 2026 Yaanendriya Advanced Hardware & Technology Internet Of Things (IoT) & Hardware B2B $1.6 Mn Seed Piper Serica Piper Serica 30 Jul 2026 Truth & Hair Ecommerce D2C B2C $566K Seed Inflection Point Ventures Inflection Point Ventures Source: Inc42 Key Startup Funding Highlights Of The Week AI was the top funded sector, attracting about $92.8 Mn across three deals. Omnivore was the only investor to back more than one startup this week, participating in both Arboreal Bioinnovations and Sid's Farm’s funding rounds. Five startups at the seed stage raised about $11.8 Mn, led by Fixxly's $5.5 Mn round, followed by SUIND ($2.1 Mn), House of Student ($2 Mn), Yaanendriya ($1.6 Mn) and Truth & Hair ($566K). Startup IPO Developments Of The Week Atomberg has converted into a public entity ahead of its public listing plans. The firm is targeting a roughly ₹2,000 Cr IPO, with Avendus and IIFL Capital appointed as bankers. Edtech startup Klassroom's SME IPO was subscribed about 73% on the first day of bidding. The ₹39 Cr issue, priced at ₹151-159, follows an ₹11.1 Cr anchor round on July 30 and is tentatively set to list on the BSE SME platform on August 7. Zepto deferred its IPO amid valuation concerns and is instead pursuing a pre-IPO placement of about ₹1,000 Cr ($105 Mn) from domestic investors. Managed office provider Table Space is reportedly planning to file draft IPO papers next month for a proposed $350 Mn public issue. The issue is likely to comprise fresh equity of around ₹1,000 Cr and an offer for sale by existing shareholders. Startup Fund Developments Of The Week Groww's cofounders — Lalit Keshre, Ishan Bansal, Harsh Jain and Neeraj Singh — are reportedly planning to launch a venture capital fund with a target corpus of ₹400-500 Cr to back seed and early-stage startups, with a growing emphasis on AI and frontier technologies. Anicut Capital floated the Grand Anicut Seed Fund, its second early-stage vehicle, with a ₹175 Cr target corpus and a ₹75 Cr greenshoe taking it to ₹250 Cr. The Category I fund will back more than 20 startups across deeptech, enterprise tech, consumer and financial services with initial cheques of ₹5-8 Cr. Inflexor Ventures marked the first close of its ₹1,250 Cr Inflexor Technology Discovery Fund (Fund III) at ₹400 Cr. Other Developments Of The Week The all-stock merger between upGrad and Unacademy neared completion at a final transaction value of ₹1,955 Cr, with Unacademy's investors set to receive one board seat at upGrad. Menswear brand Snitch acquired D2C women's fashion label Berrylush for an undisclosed sum, marking its entry into the women's apparel segment. Deepinder Goyal's wearables startup Temple saw its valuation almost double to $375 Mn through a secondary share sale and launched its first ESOP liquidity program.

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