Indian startup funding activity was subdued this week. Only three startups raised a total of $110.22 million, compared to $95.54 million raised by 12 startups last week. The only growth-stage deal was led by agritech startup Arya.Ag, which raised about $80.3 million in a Series D round from GEF Capital Partners, which accounted for the bulk of the weekly funding.
Early-stage funding was limited, with Mumbai-based banking infrastructure startup Knight raising $23.6 million in a round led by Fintech Accel, while proptech startup Truva raised over $6.3 million from existing investors. While Mumbai led the way in deal activity with two deals, Delhi-NCR saw one each, with Agritech, Fintech and Proptech recording one deal each. Series A rounds dominated the week with two deals, followed by a Series D round.
Beyond funding, the week saw key leadership changes and corporate action across the ecosystem. Mirae Asset Venture Investment India appointed Puneet Kumar as CEO, while senior exits were reported from Blinkit, StudyIQ and Ola Electric. Several startups reported 2025 financial results and regulators made headlines with moves including Winzo and UPI growth records, and Oyo’s IPO preparations. On the M&A front, ZapFresh approved the acquisition of a 51% stake in Avyam Foodtech.
