Indian startups raise $371 million across 30 deals, led by Snapmint and Snabbit

Indian venture capital activity picked up as startups raised a combined $371 million across 30 deals during the week of Oct 27–31, marking a 19 % increase over the prior week. Highlights include Snapmint’s $125 million Series B, Snabbit’s $30 million Series C, and a hefty $600 million secondary deal in PhonePe, signalling strong investor conviction ahead of its IPO. Fintech and logistics themes dominated the funding mix, while smaller later-stage raises indicated continuing deal flow despite macro uncertainty. Sector references suggest Indian innovation remains resilient, though exit pathways will be worth monitoring.