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From Rapido To HrdWyr— Indian Startups Raised $303 Mn This Week
Samira Vishwas | May 17, 2026 8:24 AM CST

SUMMARY

Rapido raised $240 Mn in fresh funding in a round led by Prosus, making travel tech the most funded segment this week

In terms of deal count, ecommerce witnessed significant investor traction with five deals recorded under the segment

Seed stage startups saw a capital infusion of $2.6 Mn during the week, down 53.6% from $5.6 Mn raised in the previous week

Indian startup funding momentum witnessed a sharp uptick this week on the back of Rapido’s mega funding round this week. Fifteen startups managed to raise $303 Mn between May 11 to May 15, marking a 129% increase from $132.2 Mn raised across 18 deals last week.

However, barring Rapido’s $240 Mn primary infusion, startup funding would have declined by 52% this week.

Funding Galore: Indian Startup Funding Of The Week (May 11 — May 15)

Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor
15 May 2026 Quick Travel Tech Ride Hailing B2C $240 Mn* – Prosus, WestBridge Capital, Accel Prosus
12 May 2026 HrdWyr Advanced Hardware & Technology Semiconductors B2B $13 Mn Series A Ideaspring Capital, Singularity AMC, Avatar Growth Capital, Persistent Systems Ideaspring Capital
11 May 2026 Wingreens Farms Ecommerce D2C B2C $12.6 Mn Series D Ashish Kacholia (Lucky Investment Managers), Alchemy Fund Ashish Kacholia
14 May 2026 Dhruva Space Advanced Hardware & Technology Spacetech B2B $11 Mn – Research, Development & Innovation Fund (RDIF) Research, Development & Innovation Fund (RDIF)
12 May 2026 Dil Foods Foodtech Cloud Kitchen B2C $7.7 Mn Series B Bikaji Foods Family Office, V3 Ventures, MJV Ventures, Alteria Capital Bikaji Foods Family Office
12 May 2026 Mekr Enterprise Services Manufacturing Solutions B2B $7 Mn Series A Avaana Capital, Titan Capital Avaana Capital
13 May 2026 Nivasa Finance Fintech Lending Tech B2C $2.6 Mn Seed Prime Venture Partners, Blume Ventures, Whiteboard Capital –
11 May 2026 Flo Mobility Advanced Hardware & Technology Robotics B2B $2.5 Mn Pre-Series A Mela Ventures, Arali Ventures Mela Ventures, Arali Ventures
15 May 2026 Legend Of Toys Ecommerce D2C B2C $2.2 Mn Pre-Series A Singularity AMC, Veltis Capital, Enzia Ventures, DeVC, Atrium Angels, Stride Ventures –
12 May 2026 SCIKIQ Enterprise Tech Horizontal SaaS B2B $1.5 Mn Pre-Series A Triton Investment Advisors Triton Investment Advisors
13 May 2026 The EleFant Ecommerce Recommerce B2C $1 Mn – Growth Sense, JIIF, Arian Capital, Asit Oberoi (Angel investor), Vimal Saboo (Angel investor) Growth Sense
13 May 2026 Instafix Consumer Services Hyperlocal Services B2C $787K Pre-Seed Titan Capital, 8i Ventures, Anish Srivastava (Blinkit), Bharat Kalia (Lifelong) Titan Capital, 8i Ventures
11 May 2026 Bobak Foodtech QSR B2C $638K Pre-Series A – –
11 May 2026 NORI Ecommerce D2C B2C $350K Pre-Seed Rebalance, Vijay Shekhar Sharma (Paytm), VSS Investco Rebalance
14 May 2026 The Sweet Change Ecommerce D2C B2C $73K – Indian Angel Network (IAN Angel Fund), Udaan Angel Partners Indian Angel Network
Source: Inc42
*Part of larger round

Key Startup Funding Highlights Of The Week

  • Rapido raised $240 Mn in fresh funding in a round led by Prosus, making travel tech the most funded segment this week. Important to highlight that the total size of the round, including secondary transactions, is expected to be around $740 Mn.
  • In terms of deal count, ecommerce witnessed significant investor traction with five deals recorded under the segment. Advanced Hardware & Technology with three startups raising fresh investments this week.
  • Singularity AMC and Titan Capital emerged as the most active investors backing two startups apiece.
  • Seed stage startups saw a capital infusion of $2.6 Mn during the week, down 53.6% from $5.6 Mn raised in the previous week.

Fund Updates This Week

  • Former Peak XV Partners managing directors Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma launched Mettle Capitala new India-focused VC firm with a maiden VC fund in the range of $350-400 Mn
  • Early stage VC firm 3one4 Capital is planning to launch its fifth fund —3one4 Capital IFSCwith a potential corpus of around $225 Mn to back startups operating in sectors like AI and SaaS, enterprise and manufacturing automation, fintech, deeptech and consumer internet.

M&A Updates This Week

Other Developments

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