[Weekly funding roundup Sept 26-Oct 2] VC inflow continues to maintain strong momentum
October has begun on a positive note as weekly funding crossed $400 million and this was largely due the presence of two $100 million plus deals.
![[Weekly funding roundup Sept 26-Oct 2] VC inflow continues to maintain strong momentum](/img/11687575)
The Indian startup ecosystem kicked off October on a robust note, with venture capital funding maintaining a strong upward trajectory according to the latest weekly funding roundup. Two substantial deals, Simple Energy's Rs 1,750 crore ($182 million) round and SiMa.ai's $150 million financing, were instrumental in propelling VC inflows to over $300 million for three consecutive weeks in September.
Only a single week saw a dip below the $100 million mark, fueled by a handful of deals exceeding $100 million, contributing to an average weekly funding of $418 million. The first week of October witnessed a total of $418 million raised across 22 deals, a marked increase from the $382 million raised in the preceding week. Large-scale transactions proved pivotal, with EV maker Simple Energy and physical AI startup SiMa.ai leading the charge. The positive momentum appears poised to persist into the forthcoming weeks.
Written by urgent.news from YourStory's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
