Indian Startups Raise $204M: Funding Surge in April-May
Infographic: Indian Startups Secure $204 Million in Funding This Week
Key Highlights
Indian startups secured $204 million in funding across 19 deals from April 27 to May 1, marking a significant surge after a period of decline. Fintech leads.
The Indian startup ecosystem experienced a notable uptick in funding momentum during the week of April 27 to May 1, with startups collectively securing $204 million through 19 deals. This represents a substantial increase, approximately fivefold, compared to the $39 million raised across 15 deals in the preceding week.
Funding Highlights: Indian Startup Funding (April 27 — May 1)
The Fintech sector led the funding charts this week, accumulating $57.5 million across three deals. In terms of deal volume, the Advanced Hardware & Technology sector saw the highest activity, with five startups raising a combined $13 million.
Accel and India Accelerator were among the most active investors, each participating in funding rounds for two startups. While overall funding activity increased, seed-stage investments saw a slowdown, with only $4.6 million raised, marking a 74% decrease from the $17.8 million invested at this stage the previous week.
Key Startup Funding Details:
- Snabbit, operating in Consumer Services (Hyperlocal Services), raised $56 million in a Series D round, with Susquehanna Venture Capital, Mirae Asset Venture Investments, and Bertelsmann India Investments leading the investment.
- Sahi, a Fintech startup focused on Investment Tech, secured $33 million in its Series B funding, with Accel as the lead investor.
- Kimbal, a B2B Enterprise Services company, raised $22 million in a Series B round led by GEF Capital Partners.
- Metasports Interactive, in the Media & Entertainment (Gaming) sector, received $20 million in debt funding from Metica.
- Battery Smart, a Clean Tech startup specializing in Electric Vehicles, secured $15 million in debt funding from Mirova.
- Oolka, a Fintech startup in Lending Tech, raised $14 million in a Series A round, with Accel as the lead investor.
- HyugaLife, an Ecommerce vertical marketplace, secured $10.5 million in a Series A round led by IvyCap Ventures.
- Credilio, a Fintech lending tech platform, raised $10.5 million in a Series A round, with Cornerstone Ventures as the lead investor.
- Morphing Machines, in Advanced Hardware & Technology (Semiconductors), raised $4.4 million in a Series A round.
- SportVot, a Media & Entertainment digital content platform, raised $3.8 million.
- Optimized Electrotech, an Advanced Hardware & Technology defence tech company, raised $3.7 million.
- House Of Chikankari, an Ecommerce D2C brand, secured $2.6 million in a Series A round.
- Ctruh, an Advanced Hardware & Technology AR/VR company, raised $2.5 million in a Seed round.
- Mojro, an Enterprise Tech horizontal SaaS company, raised $2.5 million in a Series A round.
- Prithu, a Clean Tech climate tech company, raised $1.1 million.
- Ubiqedge, an Advanced Hardware & Technology IoT & Hardware company, raised $1.1 million in a Seed round.
- VIKRA Ocean Tech, an Advanced Hardware & Technology Maritime Tech company, raised $1 million in a Seed round.
- Kovon, an Enterprise Tech horizontal SaaS company, raised $250K in a Pre-Seed round.
- EMoMee, in Media & Entertainment (Digital Content), also saw developments with investments from various firms.
Startup Updates
In the realm of public listings, lending tech startup Kissht’s parent company, OnEMI Technology Solutions, opened its IPO on April 30th, achieving a 24% subscription on its first day. MakeMyTrip and used car marketplace Spinny are reportedly preparing for public listings in the first quarter of 2027, having appointed investment bankers for the process. Insurtech unicorn Acko is also targeting a 2027 listing, with a potential valuation between $2-$2.5 billion, and is expected to file its DRHP confidentially in the latter half of 2026.
Other Developments
US-based cybersecurity firm Palo Alto Networks is set to acquire AI startup Portkey to enhance its capabilities in enterprise AI adoption. JSW Group’s B2B ecommerce marketplace, JSW One Platforms, acquired proptech startup BuildNext to bolster its home construction division. Additionally, Capital A announced the first close of its Fund II at ₹160 Cr, with a total target corpus of ₹300 Cr aimed at backing startups in manufacturing, deeptech, climate tech, and fintech sectors.