Indian tech funding: ETtech Deals Digest: Even Healthcare, Different lead October funding to $694 million, down 51% on-year

Bengaluru: Indian tech and startup funding fell to $693.8 million across 101 rounds in October, down 22.8% from September and 50.5% lower than the same month last year, according to data from Tracxn.

ETtech

Even Healthcare led deal activity during the month with $50 million, followed by Different at $48 million, Boldfit at $41.5 million, Baba Care at $40 million and GreenCell Mobility at $34.5 million. Early-stage deals accounted for 61.9% of the capital raised during October, while late-stage transactions made up 19.4%. Seed-stage companies comprised the remaining 18.7%.

ETtech

Blume Ventures, AJVC and 3one4 Capital were among the most active investors during the month. Blume backed Lumio, Hunar.AI, Cent, Rotoris, QwikBuild and Harajuku; AJVC participated in rounds of Scooter, Kinetic Age, Island Beauty, Unveilr and Wudhomes; while 3one4 Capital invested in Sunfox, Lumio, Ace Blend, dubdub and Scimplify.

ETtech

In the final week of October, funding fell to $111.1 million across 26 rounds, down 54.8% from the previous week and 58.6% lower than the same period last year. Early-stage deals accounted for 75.4% of the weekly funding, while seed-stage rounds made up the remaining 24.6%.

ETtech

Cent led deal activity during the week with $15 million, followed by Clinics On Cloud at $14.3 million, Simplismart at $14 million, Troovy at $10.5 million and Matiks at $10 million. Blume Ventures backed Cent, Rotoris and QwikBuild, while 3one4 Capital invested in Ace Blend and dubdub. Fireside Ventures participated in rounds of Troovy and Ace Blend.

Top deals this week

Cent: Preventive healthcare startup Cent, cofounded by Practo founder Shashank ND, raised $15 million in a round led by Blume Ventures and existing investor South Park Commons. The financing comprises equity and debt and comes about eight months after the Bengaluru-based company raised an undisclosed amount from South Park Commons and OneFlow Holdings, Shashank’s family office. Cent did not disclose its valuation or the split between equity and debt.

Simplismart: Artificial intelligence infrastructure startup Simplismart raised $14 million in a round led by Dallas Venture Capital, with participation from Nvidia, Accel, Shastra VC and Micromax. The Bengaluru-based company will use the funds to develop its AI inference platform, expand partnerships with cloud and sovereign AI infrastructure providers and grow in North America and other international markets.

Troovy: Clean-label snacking brand Troovy raised Rs 100 crore in a round led by Fireside Ventures and Sharrp Ventures. Founded by Aditya Mukherjee and Mansi Baranwal, the company plans to use the capital to expand research and development and manufacturing capacity, and widen distribution across quick-commerce and offline channels. Troovy had raised Rs 45.8 crore earlier this year from Fireside, Sharrp and other investors.

Matiks: Social gaming platform Matiks raised $10 million in a round led by General Catalyst, with participation from Ronnie Screwvala and existing investors Info Edge Ventures, Tanglin Venture Partners and Untitled Ventures. The company plans to use the fresh capital to expand internationally, develop new games and social experiences, and launch an artificial intelligence-powered platform that will allow users to create and publish games without coding.

Other notable deals this week included Ace Blend’s $9.9 million round, Rotoris’ $8.5 million fundraise and CAPGRID’s $5.6 million funding, according to Tracxn.