From Snabbit To Sahi— Indian Startups Raised $204 Mn This Week

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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