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
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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.
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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:
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The Bear House raised $5.8 Mn (Rs 48 Cr)
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FurtherAI, backed by Y Combinator, raised $5 Mn at the seed stage
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Evenflow (Roll-Ups in ecommerce) secured $5 Mn
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Infinity Fincorp bagged $5 Mn as part of a larger round
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DeCharge in cleantech raised $2.5 Mn to scale its EV infra business
Active Investors This Week
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Peak XV Partners, Y Combinator, and Antler emerged as the most active backers, investing in two startups each.
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Major participants also included Accel, Jungle Ventures, Nexus Venture Partners, and Florintee Advisors.
Early-Stage Funding Trends
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Seven seed-stage startups raised about $11 Mn, a drop of nearly 41% compared to last week’s $18.6 Mn across four startups.
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Most of these rounds were in healthtech, SaaS, and cleantech.
IPO Updates
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Kissht, a lendingtech startup, is preparing for a $225 Mn IPO with ICICI Securities, UBS, and Motilal Oswal.
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At Startup Mahakumbh, Sachin Bansal confirmed Navi Fintech‘s IPO plans for FY26.
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DevX refiled IPO documents, increasing issue size to 2.75 Cr shares.
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IndiQube received SEBI nod for a Rs 850 Cr ($100 Mn) IPO.
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Shadowfax removed “Private” from its name, indicating public listing plans.
Other Key Developments
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ZeCa Capital, a sustainability-focused VC, got SEBI clearance for its Rs 150 Cr maiden fund.
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Flipkart pumped $379 Mn (Rs 3,150 Cr) into its India unit via its Singapore holding arm.
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BorderPlus, a talent mobility startup, acquired Onea Care in Germany to expand in healthcare hiring.
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Spinny, an auto marketplace, reportedly raised $131 Mn, led by Accel Leaders Fund, but the deal hasn’t been officially announced.
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SpaceBasic, a B2B SaaS firm, acquired CAMPUS to expand its university automation offerings.
Funding Snapshot
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Total Raised: $144.4 Mn (Rs 1,202 Cr)
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No. of Deals: 22
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Top Sectors: Fintech, Healthtech, Ecommerce, Deeptech
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Active Investors: Peak XV, Y Combinator, Antler
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Top Rounds: Scapia ($40 Mn), Tonbo Imaging ($20.4 Mn), Pratilipi ($20 Mn)