This week in Indian startups: 11 May 2026 to 17 May 2026
By Abha Lohia
The five stories that mattered, then every other round of the week.
The five that mattered
- Sarvam AI raises $300M at $1.5B valuation
Sarvam AI builds a full-stack generative AI platform with custom models and enterprise tools
- Rapido raises $240 million in funding round
Rapido operates bike taxis, auto rides, and cab services across over 400 Indian cities
- Ola Electric invests two billion rupees in subsidiaries
Ola Electric manufactures electric scooters and batteries for energy storage
- Lightrock launches $500 million Accelerate7 fund
Lightrock is a global climate impact investment firm focused on sustainable growth
- Square Yards plans $250-300 Mn IPO
Square Yards is a real estate brokerage and fintech platform
Every other round
- DailyObjects in talks for ₹300 crore round DailyObjects: Talks on mixed round More on DailyObjects
- Sindhuja Microcredit raises $5M from existing investors Sindhuja Microcredit: NBFC-MFI for rural lending
- Dil Foods raises ₹72 crore in Series B funding led by Bikaji Dil Foods: Virtual restaurant operator and cloud kitchen enabler More on Dil Foods
- Kathy's Beverages Pvt Ltd raises INR 6 crore in pre-series A funding for nationwide expansion of its bubble tea brand Bobakat Kathy's Beverages Pvt Ltd: bubble tea and beverage brand More on Kathy's Beverages Pvt Ltd
- NORI raises $350,000 in pre-seed funding led by Rebalance Nori: women-focused travel gear brand
- Skyroot Aerospace raised $60 Mn to scale its spacetech operations Skyroot: spacetech launch vehicle builder More on Skyroot
- Wingreens raises ₹120 cr in series d funding Wingreens Farms: Healthy snacks and beverages maker More on Wingreens Farms
- Flo Mobility raises $2.5 Mn pre-Series A Flo Mobility: Autonomous mobile robots for construction
- Centricity in talks to raise ~$30M round Centricity: Wealth management and investment platform More on Centricity
- Sahi raises $33m in series b led by accel india Sahi: Stock trading platform for retail investors More on Sahi
- SCIKIQ raises $1.5M funding for AI expansion Scikiq: enterprise AI data platform
- Mekr raises 67 crore from Avaana Capital Mekr Technologies: Full-stack electronics manufacturer for brands
- HrdWyr raises $13 million to build AI-native chips for edge computing HrdWyr: AI-native chip design for edge computing
- HealthQuad invests in LifeSigns LifeSigns: AI-powered patient monitoring platform
- Instafix raises ₹7.55 crore pre-seed round Instafix: Doorstep smartphone repair service
- The EleFant raises $1M pre-Series round led by Growth Sense Venture Fund The EleFant: Toy subscription and circular play platform for children aged 0–12 years More on The EleFant
- Ease My AI launches AI-powered platforms for enterprise and critical infrastructure Ease My AI: AI automation for critical infrastructure
- SportVot raises ₹32.7 Cr for sports streaming SportVot: White-label OTT for grassroots sports More on SportVot
- Nivasa Finance raises $3 million seed round led by Prime Venture Partners Nivasa Finance: Affordable housing loan distribution platform More on Nivasa Finance
- Predulive Labs secures $125,000 grant from South Korea Predulive Labs: Vision-based infrastructure monitoring with edge AI
- Nirmalaya raises ₹6 crore for eco-friendly incense Nirmalaya: Recycles temple flowers into ritual products More on Nirmalaya
- Indus Valley raises $6 million for toxin-free cookware The Indus Valley: Toxin-free cookware brand More on The Indus Valley
- The Sweet Change raises Rs 70 lakh from IAN Angel Fund The Sweet Change: Natural sugar alternative maker More on The Sweet Change
- Craon raises pre-seed funding at $1 million valuation Craon: AI video editing platform More on Craon
- Gabify raises over ₹1 crore for autism screening Gabify: AI-led early intervention for developmental conditions More on Gabify
- Legend of Toys raises ₹21 crore in pre-Series A funding to expand global play brand Legend of Toys: premium remote-controlled toys for global collectors
- Scripbox plans to raise ₹170 crore via equity and debt Scripbox: Digital wealth management platform More on Scripbox
- Simple Energy raises ₹126.7 crore ahead of IPO Simple Energy: Electric scooter manufacturer More on Simple Energy
- Zoho invests ₹70 crore in ONDC ONDC: Open network for digital commerce More on ONDC