From To Cent to Matiks — Indian Startups Raised Over $132 Mn This Week

Indian startup funding activity remained relatively low in the final week of October, with a 29.2% decline in venture capital compared to the previous week. Despite this, 32 new ventures secured funding, marking an 88% increase from the week prior. Among the notable funding rounds was Cent, a healthtech startup, which raised $15 Mn in a Series A round led by Blume Ventures and South Park Commons.

Simplismart, an AI infrastructure company, secured $14 Mn in a Series B round with Dallas Venture Capital and NVIDIA. Live2.ai, a B2B AI application, brought in $13.7 Mn in a pre-Series B round. Among the more prominent funding rounds was Matiks, a gaming startup, which received $10 Mn in a pre-Series A investment led by General Catalyst and other venture capital firms. Ecommerce dominated the sector with nine deals totaling $33.4 Mn.