This week saw a sharp decline in funding in the Indian startup sector. Startups raised just $39 million across 15 deals between April 20 and 24. This is a 35 percent drop compared to the previous week. This is also the lowest weekly funding recorded so far in 2026. However, there was a big jump in seed-stage funding ($17.8 million) compared to the previous week.

The ‘Media and Entertainment’ sector saw the most investment this week, led by funding from companies like Lightfury Games and Spill Games. However, more funding deals were made in the artificial intelligence (AI) sector. The most active investments this week were made by firms like Rainmatter and Finvolve.

In other major business developments, leading gaming studio PlaySimple Games has filed an application with SEBI for an IPO of Rs 3,150 crore. Razorpay is also preparing to file for a fresh IPO. Apart from this, new acquisitions by edtech startup Emversity and financial platform Dhan are also in the news this week.