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DailyObjects raises Rs 332 crore as weekly Indian startup funding falls to $168 million
Our read
The $168 million week proves a lumpy dip, not a trend: weekly totals recover within a month while consumer brands such as DailyObjects keep drawing large rounds.
For operators
Consumer-brand rivals such as DailyObjects (Rs 332 crore), Beyond Appliances (Series B, Rs 110 crore) and Lumio ($12 million) are now freshly funded, so expect more competition for shelf space and marketing spend even as total startup funding fell to $168 million.
Watch
Deal count rising above or falling below the 28 recorded in 3-9 October
The report
Indian startups raised $168 million across 28 deals in the week of 3-9 October, down from $418 million the previous week. Consumer brands DailyObjects (Rs 332 crore), Lumio ($12 million) and Beyond Appliances (Rs 110 crore) were among the top deals.
Why it matters for the brand
Weekly startup funding fell about 60% to $168 million across 28 deals in 3-9 October from $418 million the week before, yet consumer brands still took several of the top rounds, which suggests capital is getting selective rather than disappearing.
What to track next
- The next weekly tally (10-16 October) coming in above or below $168 million
- Further consumer-brand rounds announced alongside DailyObjects, Lumio and Beyond Appliances
- Regulatory filings confirming the allotment and investor mix behind DailyObjects' Rs 332 crore
- A return of $400 million-plus weeks, matching the $418 million of the prior week
The source
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