Indian Startups Secure $132M Amid Funding Slowdown

Indian startups raised $132M across 18 deals despite geopolitical tensions causing a funding slowdown. Key investments in Noon, Palmonas, and Bachatt.

sivam April 4, 2026

Indian startup funding slowed in the first week of April, raising $131.5 million across 18 deals between March 30 and April 3. This marks a 62% decline from the previous week’s $348.2 million across 25 deals, according to Inc42 data.

Key Deals:

Noon: Enterprise tech startup Noon secured $44 million in funding from Chemistry, First Round Capital, Scribble Ventures, Elevation Capital, and Afore Capital.
Palmonas: E-commerce D2C brand Palmonas raised $40 million in a Series B round led by Xponentia Capital and Vertex Growth Fund.
Bachatt: Fintech investment tech startup Bachatt closed a $12 million Series A round led by Accel, with participation from Lightspeed and Info Edge Ventures.
Gnani.ai: AI startup Gnani.ai raised $10 million in Series B funding from Aavishkaar Capital and Info Edge Ventures.

Sector Highlights:

E-commerce led sectoral funding, with three startups securing a cumulative $50.5 million. Fintech also saw significant activity, with Bachatt, Navanc, and CredResolve raising over $13.1 million.

Other Developments:

Garuda Aerospace, Zetwerk, and Rediff filed for IPOs confidentially.
Bajaj Finserv is considering launching a dedicated private equity fund focused on AI startups.
Mirza International’s MD Tauseef Mirza acquired D2C brand Solethreads.
Fintech unicorn Dhan is in talks to acquire Bengaluru-based Infinyte Club for around $10 million.

InfoEdge Ventures emerged as the most active investor this week, participating in four funding deals.