Indian startup founder shakes hands with an investor amidst a busy office.
Indian startups collectively raised $39 million across 15 deals during the week of April 20 to 24, 2026. This figure represents a notable decline, with funding down 35% from the previous week’s $60 million. The total amount raised marks the lowest weekly sum for Indian startups in 2026, indicating a continued subdued trend in the nation’s venture capital landscape.
The Media & Entertainment sector led in funding this week, primarily driven by LightFury Games’ $11 million Pre-Series A round. Spill Games also contributed to the sector’s performance, securing $3.1 million in seed funding. The Artificial Intelligence (AI) sector saw the highest number of deals, with three startups in this space collectively raising $7 million.
Notable investors active this week included Rainmatter and Finvolve, each participating in two deals. Seed-stage funding experienced a significant increase, reaching $17.8 million compared to $3.3 million in the preceding week.
In other significant developments, MTG-owned gaming studio PlaySimple Games filed its Draft Red Herring Prospectus (DRHP) for an Offer for Sale (OFS) worth ₹3,150 crore. Edtech platform Emversity acquired Lanstitut Technologies, a healthcare talent mobility platform, to expand its reach in Germany. Dhan parent Raise Financial Services completed the acquisition of algo-trading platform Stratzy in a cash-and-stock deal. Additionally, Razorpay is reportedly preparing to file for an IPO through the confidential route, aiming to raise between $600 million and $700 million.
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