Three Trackers Put India's Startup Funding Week at $12M to $31M

Indian startups raised $31.3 million across 12 deals in the week of Nov. 9 to 14, according to Entrackr's weekly report. Inc42's tally for Nov. 9 to 13 was $25.2 million across nine deals. A third tracker, the ETtech Deals Digest, carries a headline of $12 million, down 97 percent on a year earlier.

All three agree on the direction. They disagree on the size by a factor of 2.6, and the gap is the story: a weekly funding number is a measurement with choices in it, and those choices decide the headline.

Entrackr, Inc42 and ETtech: what each counted

Tracker	Window	Total	Deals
Entrackr	Nov. 9 to 14	$31.3 million	12
Inc42	Nov. 9 to 13	$25.2 million	9
ETtech Deals Digest	Not stated in headline	$12 million	Not stated

The Terminal could not open the ETtech page, so its method is unknown and only its headline is cited here. Even the two trackers that could be read use different windows: Inc42's ends Friday, Entrackr's runs through Saturday.

1. Entrackr (Nov. 9-14)31.3 $ million
2. Inc42 (Nov. 9-13)25.2 $ million
3. ETtech headline12 $ million

Source: Entrackr, Inc42, ETtech Deals Digest headline, accessed 2026-11-14

Where Entrackr and Inc42 diverge on named deals

Entrackr's top rounds were Greenjoules, a Pune renewable-fuels company, with a ₹150 crore Series B co-led by Amazon's Smbhav Venture Fund and Climate Pledge Fund, then Olyv's ₹57.62 crore extended Series C led by Nippon India Digital, then Desible.ai's ₹32 crore led by Prime Venture Partners, then Froncort.AI's $2.3 million from Google.org.

Inc42 counted only $16 million of Greenjoules, which it describes as part of a larger Series B, and that slice is 63 percent of its $25.2 million total. Its AI category lists three deals worth $8.2 million: Kutlerri.ai at $4 million, Froncort.AI at $2.3 million and mistEO at $1.9 million. Desible.ai, which Entrackr files under AI at ₹32 crore, is not among them. Olyv does not appear in the Inc42 sector breakdown The Terminal read either.

Treatment of undisclosed rounds matters too. Entrackr says five of its 12 deals had no disclosed amount, and Inc42 lists two undisclosed e-commerce deals. A tracker that counts a deal without an amount adds to the deal count and nothing to the dollar total.

The prior week and the eight-week average

Entrackr put the previous week at about $258.1 million across 28 startups, so this week fell about 88 percent. Inc42 put it at $255 million across 20 deals, a 90.1 percent drop, with deals down 55 percent. The dollar figures for the prior week differ by $3.1 million, but the deal counts differ by eight, which suggests the trackers share the large cheques and disagree on the long tail.

Entrackr's eight-week average is about $194.3 million across 22 deals. This week's $31.3 million is about 16 percent of that average. One large round moves the average either way, and a week above $250 million may have contained one.

What the venture tallies leave out

The week's largest numbers did not appear in either tally. Inc42 reported that SEBI cleared Razorpay's IPO at a reported ₹5,000 crore to ₹6,000 crore, about $530 million to $630 million. That is roughly 17 times Entrackr's weekly total and 25 times Inc42's.

Inc42 also listed a possible MakeMyTrip India IPO that could raise over $1 billion, and Norwest's close of its Norwest 18 fund at $4 billion. Entrackr added a $180 million deal by Bodhi Tree Systems for a majority stake in the A2B restaurant chain and Canonicus Capital's ₹192 crore first close toward a ₹500 crore fund. None of these are venture rounds. All of them are money moving through the Indian startup market that week.

For earlier coverage of where capital is announced against where it lands, see the funding gap and FirstCry's Q2 FY27 loss.

What to watch on Nov. 21

Entrackr and Inc42 each report weekly, so the Nov. 16 to 21 week gives a second comparison. The test is whether the two agree on a rebound, or whether their gap again exceeds the week's movement. Until a tracker publishes its method and its window, a single week's total is better read as a range than as a number.