[Weekly Funding Roundup Nov 22-28] Debt Funding Grows Amid Startup Ecosystem Challenges

The ultimate week of November observed a marginal enhance in enterprise capital (VC) inflow into Indian startups, with the debt funding rising as the largest contributor.

The entire VC funding for the week was $257 million all through 27 gives. In distinction, the sooner week observed an entire amount of $147 million. Curiously, startups raised $81 million in debt, signalling challenges in fundraising.

All through this week, gives occurred all through all ranges of funding, starting from pre-Sequence A to C. Nonetheless, it was the debt half that gained consideration, and this reveals that even private banks are eager to wager on these new-age corporations.

Nonetheless, the month of November has not been uplifting for the Indian startup ecosystem, as VC funding was beneath the $200 million. This comes after an outstanding month of October, the place the general funding raised was $1.6 billion.

This actually reveals that it’s slightly unlikely that full VC funding raised by Indian startups in 2025 is unlikely to cross the decide of $13.2 billion of 2024. Hope now stays with the model new 12 months of 2026.

Key transactions

Candi Photograph voltaic raised $58.5 million in debt from the Worldwide Finance Firm.

Present and distribution tech startup Ripplr, raised $45 million from current consumers and SBI.

Know-how startup CloudExtel raised Rs 200 crore ($22.3 million approx.) in debt from a private-sector monetary establishment.

Spacetech startup Agnikul Cosmos raised $17 million from Advenza Worldwide, Atharva Inexperienced Ecotech LLP, HDFC Monetary establishment, Artha Select Fund, Prathithi Ventures, and 100X.VC.

Wealthtech startup Wealthy.in raised Rs 130 crore ($14.5 million approx) from Bertelsmann India, Alphawave Worldwide, Shepherd’s Hill, and angel consumers.

OYO mum or dad PRISM-backed OYO Belongings raised Rs 125 crore ($14 million approx.) from a bunch of institutional and private consumers.

EV startup 3ev Industries raised Rs 120 crore ($13.4 million approx.) from Mahanagar Gasoline Ltd, Equentis Angel Fund and Thackersey Group.

Deeptech startup LightSpeed Photonics raised $6.5 million from pi Ventures, 500 Worldwide, Indian Accelerator, 8X Ventures, Java Capital, and angel consumers.

Toy tech startup Mirana Toys raised Rs 57.5 crore ($6.4 million approx.) from Arkam Ventures, Accel, Info Edge, and Riverwalk Holdings.

Tech startup Tijori Finance raised $5 million from Zerodha.

Healthtech startup Morphle Labs raised $5 million led by Inflexor Ventures.