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From Snabbit To Sahi— Indian Startups Raised $204 Mn This Week

By Samira Vishwas
SUMMARY

Between April 27 to May 1, Indian startup ecosystem cumulatively raised $204 Mn across 19 deals

Accel and India Accelerator were the most active investors this week, backing 2 startups apiece

Fintech segment emerged as the most funded segment during the week with a cumulative funding of $57.5 Mn across three deals

After weeks of continuous decline, funding momentum in the world’s third largest startup ecosystem picked up in the final week of April. Between April 27 to May 1, Indian startup ecosystem cumulatively raised $204 Mn across 19 deals, marking an about 5X jump from the $39 Mn raised across 15 deals last week.

Funding Galore: Indian Startup Funding Of The Week (April 27 — May 1)

DateNameSectorSubsectorBusiness ModelFunding Round SizeFunding Round TypeInvestorsLead Investor
28 Apr 2026Quick bitConsumer ServicesHyperlocal ServicesB2C$56 MnSeries DSusquehanna Venture Capital, Mirae Asset Venture Investments, Bertelsmann India Investments, Nexus Venture Partners, Lightspeed Ventures, FJ LabsSusquehanna Venture Capital, Mirae Asset Venture Investments, Bertelsmann India Investments
29 Apr 2026ActuallyFintechInvestment TechB2C$33 MnSeries BAccel, Elevation CapitalAccel
30 Apr 2026KimbalEnterprise Services–B2B$22 MnSeries BGEF Capital Partners, NiveshaayGEF Capital Partners
27 Apr 2026Metasports InteractiveMedia & EntertainmentGamingB2C$20 MnDebtMeticaMetica
28 Apr 2026Battery SmartClean TechElectric VehiclesB2C$15 MnDebtManMan
30 Apr 2026The flameFintechLending TechB2B$14 MnSeries AAccel, Lightspeed Ventures, Z47, Vidit Aatrey (Meesho), Sanjeev Barnwal (Meesho)Accel
28 Apr 2026HyugaLifeEcommerceVertical MarketplaceB2C$10.5 MnSeries AIvyCap Ventures, First Bridge FundIvyCap Ventures
28 Apr 2026I believeFintechLending TechB2C$10.5 Mn*Series ACornerstone Ventures, Shepherd Hill, Roots Ventures, ESV-Arthya AIF, Innoven Capital, Alteria CapitalCornerstone Ventures
27 Apr 2026Morphing MachinesAdvanced Hardware & TechnologySemiconductorsB2B$4.4 Mn**Series AHero Enterprise Partner Ventures, Colossa Ventures, Navam Capital–
29 Apr 2026SportVotMedia & EntertainmentDigital ContentB2C$3.8 Mn–Indian Angel Network, Anicut Capital, Lets Venture, Capital A, Succeed InnovationIndian Angel Network
29 Apr 2026Optimized ElectrotechAdvanced Hardware & TechnologyDefence TechB2B$3.7 Mn–Exfinity Ventures, Blume Ventures, Mela Ventures, Venture CatalystsExfinity Ventures
28 Apr 2026House Of ChikankariEcommerceD2CB2C$2.6 MnSeries ACap Alpha VenturesCap Alpha Ventures
30 Apr 2026CtruhAdvanced Hardware & TechnologyAR/VRB2B$2.5 MnSeedInflection Point Ventures, Avinya Ventures, India Accelerator, Founder’s Avenue, Anthill Ventures, Finvolve, LVX, Vivek Sinha (Emversity), Shivakumar Ganesan (Exotel)Inflection Point Ventures, Avinya Ventures
28 Apr 2026MoiraEnterprise TechHorizontal SaaSB2B$2.5 Mn**Series ADallas Venture CapitalDallas Venture Capital
29 Apr 2026PrithuClean TechClimate TechB2B$1.1 Mn–Transition VCTransition VC
30 Apr 2026UbiqedgeAdvanced Hardware & TechnologyInternet Of Things(IoT) & HardwareB2B$1.1 MnSeedPiper Serica, Shibam Das (Atomberg), Sumit Chhazed (OTO)Serica pepper
30 Apr 2026VIKRA Ocean TechAdvanced Hardware & TechnologyMaritime TechB2B$1 MnSeedFinvolve, India AcceleratorFinvolve, India Accelerator
28 Apr 2026KovonEnterprise TechHorizontal SaaSB2B$250KPre-SeedTDV PartnersTDV Partners
27 Apr 2026EMoMeeMedia & EntertainmentDigital ContentB2C––Melody Investments, Aman Gupta (boAt), Gurmeet Nihal Singh (Nihal Singh Family Office), Jatin Aneja (Shardul Amarchand Mangaldas), Whiteboard Capital, Gruhas Collective Consumer Fund, DeVC–
Source: Inc42
*Mix Of Equity And Debt
** Part of larger round

Key Startup Funding Highlights Of The Week

  • Fintech segment emerged as the most funded segment during the week with a cumulative funding of $57.5 Mn across three deals.
  • In terms of deal count, Advanced Hardware & Technology recorded the highest number of deals with five startups raising a total of $13 Mn.
  • Accel and India Accelerator were the most active investors this week, backing 2 startups apiece.
  • While the overall funding activity gained momentum, investments at the seed stage slowed down. The stage saw a capital infusion of $4.6 Mn during the week, down 74% from $17.8 Mn raised at this stage last week.

Startup IPO Updates This Week

  • Lending tech startup Whose parent OnEMI Technology Solutions’ IPO opened for bidding on April 30th and received a subscription of 24% on the opening day of bidding.
  • MakeMyTrip is said to be eyeing a public listing on the Indian bourses in the first quarter of 2027. The travel giant has appointed Axis Capital, Morgan Stanley and JP Morgan as advisers for the proposed share sale
  • Used car marketplace Spinny is also eyeing public listing within the first quarter of 2027. It is said to have onboarded a host of investment bankers like Kotak Mahindra Capital, Morgan Stanley and Citigroup to helm the public issue.
  • Insurtech unicorn Acko roped in ICICI SecuritiesMorgan Stanley, and Kotak Securities as the bankers for its upcoming IPO at a potential valuation of $2-$2.5 Bn. It is looking to file the DRHP via the confidential route in the second half of 2026 and hit the bourses in 2027

Other Developments Of The Week

  • US-based cybersecurity firm Palo Alto Networks is set to acquire AI startup Portkey to strengthen its capabilities in enterprise adoption of autonomous AI systems
  • JSW Group’s B2B ecommerce marketplace JSW One Platforms acquired proptech startup BuildNext to strengthen its home construction wing — JSW One Homes in an undisclosed financial deal
  • Capital A marked the first close of its Fund II at ₹160 Cr to back startups operating in the manufacturing, deeptech, climate tech, and fintech sector. The fund has a total target corpus of ₹300 Cr, with a greenshoe option to raise it up to ₹400 Cr.

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