Funding and acquisitions in Indian startup this week [Apr 28 - May 03]

During the week, 25 Indian startups raised a total of approximately $102.93 million, including 5 growth-stage and 18 early-stage deals, while 2 startups kept their funding details undisclosed.

In comparison, the previous week saw 22 startups across early and growth stages secure around $112.35  million.

[Growth-stage deals]

Growth and late-stage funding totaled nearly $30 million this week, led by cleantech-focused NBFC Metafin, which raised $10 million in a Series A round. Quantum cybersecurity firm QNu Labs secured $7 million, while neobanking startup Kaleidofin garnered $5 million. Edtech platform CollegeDekho and marine services company Sadhav Offshore also attracted funding during the week.

[Early-stage deals]

Further, 18 early-stage startups collectively raised a total of $72.98 million in funding. Beauty tech and discovery platform Kult led the early-stage funding with a $20 million round followed by SaaS startup Fuze raising $12.2 million. Healthcare platform HexaHealth, foodtech firms Anveshan, Sedna, AI-driven spoken English learning platform Stimuler, content creation platform Mugafi among others also raised funding this week.

Healthtech startup ekincare and Offline social networking platform Jamm  also raised a sum but did not disclose the amount raised.

For a detailed funding breakdown, visit TheKredible.

[City and segment-wise deals]

In terms of the city-wise number of funding deals, Bengaluru and Delhi-NCR-based startups led with 7 deals each followed by Mumbai, Chennai and others.

Segment-wise, healthtech startups are at the top spot with 4 deals. E-commerce and foodtech startups followed with 3 deals each. Media & Entertainment, proptech, edtech,  SaaS and others also bagged the deals.

[Series-wise deals]

During the week, Series A and Seed funding led with 7 deals each followed by, pre-Series A, Series B, and others.

[Week-on-week funding trend]

On a weekly basis, startup funding declined by 8.35% to $102.95 million as compared to around $112.35  million raised during the previous week.

The average funding in the last eight weeks stands at around $200.96 million with 24 deals per week.

[Key Hirings & Departures]

This week saw some notable promotions across companies. Sahil Barua, founder and CEO of logistics company Delhivery, has joined the board of home decor and lifestyle brand Nestasia. Venture capital firm GSV Ventures has appointed Abhishek Mishra, an executive from its IPO-bound portfolio company PhysicsWallah, as a partner. Edtech startup Leap has elevated its senior executive Rajan Chaudhary as cofounder of the company. 

Visit TheKredible for more details

[Mergers and Acquisitions]

B2B SaaS fintech company Perfios has acquired healthcare information exchange IHX to strategically expand its technology stack into the health insurance claims ecosystem. D2C Lifestyle brand The Souled Store has acquired apparel brand Redwolf.

Visit TheKredible for more details

[Shutdown]

Food tech giant Zomato has removed its 15-minute food delivery tab, Quick, from its main app just four months after its launch, hinting at a possible strategic reset in its approach to ultra-fast meal deliveries.

Visit TheKredible to see series-wise deals along with amount breakup, and more insights.

[New Launches and Partnerships]

▪️ Infibeam Avenues to launch global agentic AI marketplace

▪️ CoinSwitch launches INR-based crypto futures

▪️ Razorpay launches AI-enabled payment gateway

[Potential Deals]

▪️ Electric bike startup Ultraviolette to secure fresh funds in ongoing round

 [Financial results this week]

▪️ Zomato’s parent Eternal revenue grows 64% in Q4 FY25, PAT drops 78% 

▪️ Fashion brand Libas profit falls 64% in FY24, nears Rs 500 Cr revenue

▪️ FarEye narrows losses by 63% amidst modest growth in FY24

▪️ Urban Company posts Rs 846 Cr revenue in 9M FY25, locks and RO biz grows 7X

▪️ Go Digit General Insurance profit jumps 2.2X during Q4 FY25

▪️ Nat Habit’s revenue grows 80% in FY24, losses remain flat

▪️ WinZO posts Rs 1,055 Cr revenue and Rs 315 Cr profit in FY24

▪️ Freshworks posts $196 Mn revenue in Q1 CY25, cuts op-losses by 67%

[News flash this week]

▪️ Zomato halts 15-min food delivery service 'Quick' just four months after launch

▪️ MobiKwik’s Zaakpay ​​receives RBI nod to operate as online payment aggregator

▪️ Maharashtra Cabinet approves EV policy 2025 with toll waivers and purchase subsidies

▪️ Karnataka HC allows Ola, Uber, Rapido bike taxis to operate until June 15

▪️ Oyo re-enters food biz with Townhouse Cafe QSR chain

▪️ UPI transactions dip marginally to 17.89 Bn in April

▪️ TVS Motor tops E2W market in April, surpasses Bajaj Auto and Ola Electric

[Summary]

On a weekly basis, startup funding declined by 8.35% to $102.95 million as compared to around $112.35  million raised during the previous week.

TVS Motor led India’s electric two-wheeler market in April 2025, selling 19,736 units—a 154% YoY jump—claiming a 22% market share, per Vahan data. It edged out Ola Electric (19,709 units, down 42% YoY) and Bajaj Auto (19,001 units, up 151% YoY), both holding 21% market share.

UPI recorded 17.89 billion transactions in April, down 2.24% from 18.30 billion in March. Transaction value also dipped 3.3% month-on-month to Rs 23.95 lakh crore from Rs 24.77 lakh crore.

Hospitality giant Oyo has entered the quick-service restaurant (QSR) segment with its in-house brand, Townhouse Cafe, which will be launched across its Townhouse hotels.