In the first week of FY26, Indian startups raised a total of $144.4 Mn (approx. Rs 1,202 Cr) across 22 funding deals, showing a marginal rise of 0.5% from the previous week’s $143.7 Mn. While the funding volume remained stable, deal activity picked up, increasing from 16 to 22.
Fintech Leads, Healthtech Slows Down
Fintech remained the most active sector, with five startups securing $65 Mn, about two-thirds of last week’s $98.1 Mn across the same number of deals.
Healthtech matched fintech in deal count but lagged in capital, bringing in just $4.2 Mn across multiple early-stage rounds.
ALSO READ: 20 Healthtech Startups Selected for AIC T-Hub’s 5th Cohort to Transform Indian Healthcare
Key Funded Startups This Week
Here are the top deals between March 31 and April 5:
| Date | Startup | Sector | Amount Raised |
|---|---|---|---|
| Apr 3 | Scapia | Fintech (Lendingtech) | $40 Mn (Rs 333 Cr) – Series B |
| Apr 3 | Tonbo Imaging | Deeptech (Defence) | $20.4 Mn (Rs 170 Cr) – Series D |
| Apr 3 | Pratilipi | Media (Digital) | $20 Mn (Rs 166 Cr) – Series E |
| Apr 4 | Aerem | Fintech (Solar) | $12 Mn (Rs 99 Cr) – Series A |
| Apr 3 | Sweet Karam Coffee | D2C (Ecommerce) | $8 Mn (Rs 66 Cr) – Series A |
| Apr 3 | RapidClaims | Enterprise SaaS | $8 Mn (Rs 66 Cr) – Series A |
Other notable deals include:
The Bear House raised $5.8 Mn (Rs 48 Cr)
FurtherAI, backed by Y Combinator, raised $5 Mn at the seed stage
Evenflow (Roll-Ups in ecommerce) secured $5 Mn
Infinity Fincorp bagged $5 Mn as part of a larger round
DeCharge in cleantech raised $2.5 Mn to scale its EV infra business
Active Investors This Week
Peak XV Partners, Y Combinator, and Antler emerged as the most active backers, investing in two startups each.
Major participants also included Accel, Jungle Ventures, Nexus Venture Partners, and Florintee Advisors.
Early-Stage Funding Trends
Seven seed-stage startups raised about $11 Mn, a drop of nearly 41% compared to last week’s $18.6 Mn across four startups.
Most of these rounds were in healthtech, SaaS, and cleantech.
IPO Updates
Kissht, a lendingtech startup, is preparing for a $225 Mn IPO with ICICI Securities, UBS, and Motilal Oswal.
At Startup Mahakumbh, Sachin Bansal confirmed Navi Fintech‘s IPO plans for FY26.
DevX refiled IPO documents, increasing issue size to 2.75 Cr shares.
IndiQube received SEBI nod for a Rs 850 Cr ($100 Mn) IPO.
Shadowfax removed “Private” from its name, indicating public listing plans.
Other Key Developments
ZeCa Capital, a sustainability-focused VC, got SEBI clearance for its Rs 150 Cr maiden fund.
Flipkart pumped $379 Mn (Rs 3,150 Cr) into its India unit via its Singapore holding arm.
BorderPlus, a talent mobility startup, acquired Onea Care in Germany to expand in healthcare hiring.
Spinny, an auto marketplace, reportedly raised $131 Mn, led by Accel Leaders Fund, but the deal hasn’t been officially announced.
SpaceBasic, a B2B SaaS firm, acquired CAMPUS to expand its university automation offerings.
Funding Snapshot
Total Raised: $144.4 Mn (Rs 1,202 Cr)
No. of Deals: 22
Top Sectors: Fintech, Healthtech, Ecommerce, Deeptech
Active Investors: Peak XV, Y Combinator, Antler
Top Rounds: Scapia ($40 Mn), Tonbo Imaging ($20.4 Mn), Pratilipi ($20 Mn)
