Indian Startup Funding, September 21 to 25: Ultraviolette Leads a Rebound to Over $200 Million
Indian startups raised $203.4 million across 21 deals between September 21 and 25, per Inc42 — 3.4 times the previous week — led by Ultraviolette's $85 million round. Tracxn counted $110 million across 17 rounds.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $200 M |
| Stage | Seed |
| Sector | Funding Roundup |
| Coverage | Startup Trends |
Indian startups raised $203.4 million across 21 deals between September 21 and 25, according to Inc42 — 3.4 times the $58.9 million raised by 14 startups the week before. Tracxn counted $110 million across 17 rounds, up more than sevenfold on its previous-week figure but about 9% below the same week last year. Trackers differ on which deals they include.
Biggest Deals and Stories
| Company | Amount | Sector |
|---|---|---|
| Ultraviolette | $85 million | EV motorcycles |
| Arivihan | ₹96 crore (raising) | AI edtech |
| Drivn | ₹45 crore seed | Electric mobility |
| Sanyark Space | $2 million | Space tech |
Big Rounds in Talks
Public Markets
AceVector, Snapdeal's parent, opened its ₹420 crore IPO on September 25.
Questions Readers Ask
How much did Indian startups raise in the last week of September 2026?
Between $110 million (Tracxn) and $203.4 million (Inc42), depending on the tracker.
What was the biggest round?
Ultraviolette's $85 million.
Why It Matters
Deep tech — EVs, space and AI infrastructure — dominated both closed rounds and the large deals in talks, continuing a shift away from consumer internet.
Reported by Karthik Iyer. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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