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]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
28 Apr 2026
Snabbit
Consumer Services
Hyperlocal Services
B2C
$56 Mn
Series D
Susquehanna Venture Capital, Mirae Asset Venture Investments, Bertelsmann India Investments, Nexus Venture Partners, Lightspeed Ventures, FJ Labs
Susquehanna Venture Capital, Mirae Asset Venture Investments, Bertelsmann India Investments
29 Apr 2026
Sahi
Fintech
Investment Tech
B2C
$33 Mn
Series B
Accel, Elevation Capital
Accel
30 Apr 2026
Kimbal
Enterprise Services
–
B2B
$22 Mn
Series B
GEF Capital Partners, Niveshaay
GEF Capital Partners
27 Apr 2026
Metasports Interactive
Media & Entertainment
Gaming
B2C
$20 Mn
Debt
Metica
Metica
28 Apr 2026
Battery Smart
Clean Tech
Electric Vehicles
B2C
$15 Mn
Debt
Mirova
Mirova
30 Apr 2026
Oolka
Fintech
Lending Tech
B2B
$14 Mn
Series A
Accel, Lightspeed Ventures, Z47, Vidit Aatrey (Meesho), Sanjeev Barnwal (Meesho)
Accel
28 Apr 2026
HyugaLife
Ecommerce
Vertical Marketplace
B2C
$10.5 Mn
Series A
IvyCap Ventures, First Bridge Fund
IvyCap Ventures
28 Apr 2026
Credilio
Fintech
Lending Tech
B2C
$10.5 Mn*
Series A
Cornerstone Ventures, Shepherd Hill, Roots Ventures, ESV-Arthya AIF, Innoven Capital, Alteria Capital
Cornerstone Ventures
27 Apr 2026
Morphing Machines
Advanced Hardware & Technology
Semiconductors
B2B
$4.4 Mn**
Series A
Hero Enterprise Partner Ventures, Colossa Ventures, Navam Capital
–
29 Apr 2026
SportVot
Media & Entertainment
Digital Content
B2C
$3.8 Mn
–
Indian Angel Network, Anicut Capital, Lets Venture, Capital A, Succeed Innovation
Indian Angel Network
29 Apr 2026
Optimized Electrotech
Advanced Hardware & Technology
Defence Tech
B2B
$3.7 Mn
–
Exfinity Ventures, Blume Ventures, Mela Ventures, Venture Catalysts
Exfinity Ventures
28 Apr 2026
House Of Chikankari
Ecommerce
D2C
B2C
$2.6 Mn
Series A
Cap Alpha Ventures
Cap Alpha Ventures
30 Apr 2026
Ctruh
Advanced Hardware & Technology
AR/VR
B2B
$2.5 Mn
Seed
Inflection 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 2026
Mojro
Enterprise Tech
Horizontal SaaS
B2B
$2.5 Mn**
Series A
Dallas Venture Capital
Dallas Venture Capital
29 Apr 2026
Prithu
Clean Tech
Climate Tech
B2B
$1.1 Mn
–
Transition VC
Transition VC
30 Apr 2026
Ubiqedge
Advanced Hardware & Technology
Internet Of Things(IoT) & Hardware
B2B
$1.1 Mn
Seed
Piper Serica, Shibam Das (Atomberg), Sumit Chhazed (OTO)
Piper Serica
30 Apr 2026
VIKRA Ocean Tech
Advanced Hardware & Technology
Maritime Tech
B2B
$1 Mn
Seed
Finvolve, India Accelerator
Finvolve, India Accelerator
28 Apr 2026
Kovon
Enterprise Tech
Horizontal SaaS
B2B
$250K
Pre-Seed
TDV Partners
TDV Partners
27 Apr 2026
EMoMee
Media & Entertainment
Digital Content
B2C
–
–
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 Kissht 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 Securities, Morgan 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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