This week, Indian startup funding stood at $92.2 Mn across 17 deals, down 70% from the preceding week
In terms of deal count, ecommerce retained the top spot with six startups securing fresh capital during the week
Info Edge Ventures was the most active investor this week, backing Anscer Robotics and Trackk
Weekly funding in the Indian startup ecosystem has been volatile over the past few months amid ongoing geopolitical distress. In line with the trend, startup funding fell sharply this week after surging over the past week.
Seventeen Indian startups raised $92.2 Mn between May 18 and 22. This marks a 70% decline from $303 Mn bagged by 15 startups in the preceding week.
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 21 May 2026 | Scapia | Fintech | Lending Tech | B2C | $63 Mn | – | General Catalyst, Peak XV Partners, Z47 | General Catalyst |
| 20 May 2026 | Mythic | Media & Entertainment | Digital Media | B2C | $5 Mn | – | Harsh Jain (Dream11), Blume Founder’s Fund, Rajat Gupta (ex-McKinsey & Co), Zubin Bharti Mittal (Bharti Mittal Family Office), Ishan Sinha (Point 72), Rooshabh Shah (SVAR Projects), Sakal Media Group, Patni Family Office, Parekh Family Office | – |
| 20 May 2026 | Anscer Robotics | Advanced Hardware & Technology | Robotics | B2B | $4.6 Mn | Series A | India Angel Network (IAN Alpha Fund), Info Edge Ventures | India Angel Network |
| 19 May 2026 | Trackk | Fintech | Investment Tech | B2C | $3.7 Mn | Seed | Lightspeed Ventures, Info Edge Ventures, Tanmay Bhatt (Content Creator), Varun Mayya (Aeos Group), Gaurav Munjal (Unacademy), Roman Saini (Unacademy), Gaurav Kapoor (Comedian) | Lightspeed Ventures |
| 22 May 2026 | He can | Ecommerce | D2C | B2C | $3.7 Mn | – | Deepak Gupta (Angel Investor), Arnab Basu (Angel Investor), Manav Gupta (Angel Investor), Vilas Dhar (Angel Investor) | – |
| 20 May 2026 | Psychedelic | Healthtech | Fitness & Wellness | B2C | $3.5 Mn | Seed | Cultadvisors LLP, TurboStart, Ideabaaz and Praveek Ventures | – |
| 20 May 2026 | EndureAir | Advanced Hardware & Technology | Aerial Vehicles | B2B | $3.1 Mn | – | Research, Development, and Innovation Fund | Research, Development, and Innovation Fund |
| 18 May 2026 | Cellogen Therapeutics | Healthtech | Lifesciences | B2B | $2.1 Mn | – | Kotak Alternate Asset Managers | Kotak Alternate Asset Managers |
| 19 May 2026 | ONO | Agritech | Market Linkage | B2C | $1.2 Mn | Pre-Series A | Aeravti Ventures, Tremis Capital | Aeravti Ventures |
| 14 May 2026 | Bombay Banta | Ecommerce | D2C | B2C | $832K | Pre-Series A | DSG Consumer Partners | DSG Consumer Partners |
| 20 May 2026 | Turn it off | Media & Entertainment | Digital Content | B2C | $520K | – | Hindustan Times | Hindustan Times |
| 21 May 2026 | Meta Fashion | Ecommerce | D2C | B2B | $400K | Pre-Seed | Lumikai, Big Bets, Akshat Rathee, Pratham Mittal | Lumikai |
| 19 May 2026 | Servants | Fintech | Investment Tech | B2C | $390K | Seed | Rainmatter Capital | Rainmatter Capital |
| 18 May 2026 | Owners ID | Ecommerce | D2C | B2C | $260K | Pre-Seed | Crucifer Investments | Crucifer Investments |
| 20 May 2026 | Gamehok | Media & Entertainment | Gaming | B2C | $100K | Pre-Seed | – | – |
| 18 May 2026 | Nothing But | Ecommerce | D2C | B2C | – | Seed | Atul Rajani, Deeksha Rajani (The Be Life), Sifat Khurana (Innovist), Dhruv Bhasin (Arata), Gaurav Khatri (Noise), Saurav Adlakha (DailyObjects.com) | Atul Rajani, Deeksha Rajani (The Be Life) |
| 22 May 2026 | Yoho | Ecommerce | D2C | B2C | – | Pre-Series A | – | – |
| Source: Inc42 | ||||||||
OfBusiness’ lending arm Oxyzo received board nod to complete acquisition of debt investment and bond distribution platform GoldenPi Technologies Pvt Ltd via share-swap agreement for a deal value of ₹42.4 Cr.
Innovaccer acquired US-based company CaduceusHealth to expand its Flow software platform into full-stack revenue cycle management for outpatient and ambulatory care. As per an ET report, the deal valued CaduceusHealth at $66 Mn.
Nykaa’s board cleared the acquisition of a 24.2% stake in skin care brand Earth Rhythm for ₹9.4 Cr, making the brand a wholly owned subsidiary of Nykaa. The deal will be completed by August 31.
