New-Age Tech Stocks Tumble This Week, Swiggy Leads Sell-Off With 24.5% Fall
New-age Indian tech stocks lost over $11 billion in market value this week, led by Swiggy's 24.5% decline following weak quick-commerce results.
Venture capital, funding rounds, mergers and acquisitions, and startup launches.
New-age Indian tech stocks lost over $11 billion in market value this week, led by Swiggy's 24.5% decline following weak quick-commerce results.
Indian startups raised $184 million across 17 deals in the third week of October 2026, marking a 22% dip from the previous week, led by Even Health's $50M Series B.
AI drug development startup Pathos AI raises $237 million in Series E funding at a $3 billion valuation, led by Bristol Myers Squibb.
Carta and NewView have partnered to encourage more startups to offer early share-sale programs by simplifying the tender offer process.
Weekly roundup of top 10 startup funding deals includes $1.5B Series E for Tenstorrent (AI processors) and $1B Series A for Flapping Airplanes (foundational AI).
AI agent cloud startup Daytona reached $1B valuation in a funding round led by FirstMark, attracting angels from Stripe, Perplexity, Datadog and other prominent founders.
Seattle ag-tech startup Strella raised $4.25M to expand its produce quality monitoring platform using IoT and machine vision across global supply chains.
Commonwealth Fusion Systems received an $85M federal award to develop advanced conductors for fusion power plant semiconductors.
Warhound, a new startup co-founded by Palmer Luckey and Ben Lamm, secured $200 million to genetically modify dogs for U.S. military applications.
Finnish SpaceTech unicorn ICEYE raised €450 million in Series F funding at a €10 billion valuation while announcing partnerships for satellite communications and wildfire monitoring.
Tech.eu tracked over 65 European tech funding deals worth €1.5 billion and 4 exits in a week, including Legora's valuation leap to $8.8B and multiple notable acquisitions.
Indian startup VC funding fell below $100M in the third week of October due to lack of major deals, with even Healthcare securing the largest round at $50M.
Indian manufacturing platform Zetwerk makes its stock market debut, having evolved from a marketplace into a full-stack manufacturing operations provider.
Analysis of Blinkit and Swiggy's Instamart financial performance reveals a significant profitability gap: Blinkit achieved Rs 184 crore profit while Instamart lost Rs 895 crore in the September 2026 quarter.
Formic, a Chicago robot rental company, raised $50 million to develop general-purpose machines for US factories beyond their current task-specific offerings.
HR tech startup Firstwork has raised $15 million in Series A funding to expand its AI-powered workforce automation platform across the US and Europe, with 80% of its team based in Bengaluru.
Maxinsights raised $30M in seed funding to gather video footage from everyday activities for robot training data.
Maxinsights raised $30M to build AI training datasets by recording humans performing everyday tasks, helping robots learn to do household chores and workplace activities.