Weekly funding in the Indian startup ecosystem has been volatile over the past few months amid ongoing geopolitical distress. In line with the trend, startup funding fell sharply this week after surging over the past week.
Seventeen Indian startups raised $92.2 Mn between May 18 and 22. This marks a 70% decline from $303 Mn bagged by 15 startups in the preceding week.
Funding Galore: Indian Startup Funding Of The Week [May 18 — May 22 ]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
21 May 2026
Scapia
Fintech
Lending Tech
B2C
$63 Mn
–
General Catalyst, Peak XV Partners, Z47
General Catalyst
20 May 2026
Mythik
Media & Entertainment
Digital Media
B2C
$5 Mn
–
Harsh Jain (Dream11), Blume Founder’s Fund, Rajat Gupta (ex-McKinsey & Co), Zubin Bharti Mittal (Bharti Mittal Family Office), Ishan Sinha (Point 72), Rooshabh Shah (SVAR Projects), Sakal Media Group, Patni Family Office, Parekh Family Office
–
20 May 2026
Anscer Robotics
Advanced Hardware & Technology
Robotics
B2B
$4.6 Mn
Series A
India Angel Network (IAN Alpha Fund), Info Edge Ventures
India Angel Network
19 May 2026
Trackk
Fintech
Investment Tech
B2C
$3.7 Mn
Seed
Lightspeed Ventures, Info Edge Ventures, Tanmay Bhatt (Content Creator), Varun Mayya (Aeos Group), Gaurav Munjal (Unacademy), Roman Saini (Unacademy), Gaurav Kapoor (Comedian)
Lightspeed Ventures
22 May 2026
Gabit
Ecommerce
D2C
B2C
$3.7 Mn
–
Deepak Gupta (Angel Investor), Arnab Basu (Angel Investor), Manav Gupta (Angel Investor), Vilas Dhar (Angel Investor)
–
20 May 2026
Sychedelic
Healthtech
Fitness & Wellness
B2C
$3.5 Mn
Seed
Cultadvisors LLP, TurboStart, Ideabaaz and Praveek Ventures
–
20 May 2026
EndureAir
Advanced Hardware & Technology
Aerial Vehicles
B2B
$3.1 Mn
–
Research, Development, and Innovation Fund
Research, Development, and Innovation Fund
18 May 2026
Cellogen Therapeutics
Healthtech
Lifesciences
B2B
$2.1 Mn
–
Kotak Alternate Asset Managers
Kotak Alternate Asset Managers
19 May 2026
ONO
Agritech
Market Linkage
B2C
$1.2 Mn
Pre-Series A
Aeravti Ventures, Tremis Capital
Aeravti Ventures
14 May 2026
Bombay Banta
Ecommerce
D2C
B2C
$832K
Pre-Series A
DSG Consumer Partners
DSG Consumer Partners
20 May 2026
Damroo
Media & Entertainment
Digital Content
B2C
$520K
–
Hindustan Times
Hindustan Times
21 May 2026
Meta Fashion
Ecommerce
D2C
B2B
$400K
Pre-Seed
Lumikai, Big Bets, Akshat Rathee, Pratham Mittal
Lumikai
19 May 2026
Kalpi
Fintech
Investment Tech
B2C
$390K
Seed
Rainmatter Capital
Rainmatter Capital
18 May 2026
Owners ID
Ecommerce
D2C
B2C
$260K
Pre-Seed
Crucifer Investments
Crucifer Investments
20 May 2026
Gamehok
Media & Entertainment
Gaming
B2C
$100K
Pre-Seed
–
–
18 May 2026
Nothing But
Ecommerce
D2C
B2C
–
Seed
Atul Rajani, Deeksha Rajani (The Be Life), Sifat Khurana (Innovist), Dhruv Bhasin (Arata), Gaurav Khatri (Noise), Saurav Adlakha (DailyObjects.com)
Atul Rajani, Deeksha Rajani (The Be Life)
22 May 2026
Yoho
Ecommerce
D2C
B2C
–
Pre-Series A
–
–
Source: Inc42
Key Startup Funding Highlights Of The Week
- Fintech startup Scapia raised $63 Mn in a fresh funding round led by General Catalyst, becoming the highest funded startup this week. On the back of Scapia’s fundraise, fintech became the most funded segment this week with a cumulative funding of $67.1 Mn.
- In terms of deal count, ecommerce retained the top spot with six startups securing fresh capital during the week.
- Seed stage startups saw a capital infusion of $7.6 Mn during the week, up multifolds from $2.6 Mn raised in the previous week.
- Info Edge Ventures was the most active investor this week, backing Anscer Robotics and Trackk.
Startup Fund Developments This Week
- Shastra VC unveiled its third fund with a corpus of $100 Mn to back early-stage startups in deeptech, AI and climate sciences sectors. In a statement, the firm said it will invest between $500K to $3 Mn in intellectual property-led startups from the fund.
- Asset management firm Piper Serica launched Bharat Tech Fund, a new Cat II AIF with a potential size of ₹800 Cr, including a ₹200 Cr greenshoe option. It aims to back Series A and Series B stage deeptech startups.
- PE firm Oister Global launched its third secondary vehicle to back late stage startups. The ACE Fund III has a target corpus of ₹500 Cr corpus, including a ₹250 Cr greenshoe option
Mergers & Acquisitions This Week
OfBusiness’ lending arm Oxyzo received board nod to complete acquisition of debt investment and bond distribution platform GoldenPi Technologies Pvt Ltd via share-swap agreement for a deal value of ₹42.4 Cr.
Innovaccer acquired US-based company CaduceusHealth to expand its Flow software platform into full-stack revenue cycle management for outpatient and ambulatory care. As per an ET report, the deal valued CaduceusHealth at $66 Mn.
Nykaa’s board cleared the acquisition of a 24.2% stake in skin care brand Earth Rhythm for ₹9.4 Cr, making the brand a wholly owned subsidiary of Nykaa. The deal will be completed by August 31.
Other Developments Of The Week
- Quick commerce major Zepto is said to be planning on launching its ₹11,000 Cr ($1.1 Bn) initial public offering (IPO) in July. As per a report by PTI, the unicorn is eyeing a listing on the bourses before July 31 and is planning to submit its updated draft red herring prospectus (UDRHP) with the markets regulator in the coming weeks.
- The Competition Commission of India (CCI) has approved the Blackstone-led acquisition of a controlling stake in AI cloud startup Neysa. The investment, part of Neysa’s previously announced $600 Mn funding round, will also see participation from investors including 360 ONE Asset, TVS Capital, Nexus Venture Partners, and Ontario Teachers’ Pension Plan.
The post From Scapia To Mythik— Indian Startups Raised $92 Mn This Week appeared first on Inc42 Media.
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