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VC funding slips below 100 million again as big deals stay missing

VC funding slips below 100 million again as big deals stay missing

Indian startup VC funding fell again below the $100 million mark, totaling about $81 million across 22 deals in the fourth week of April. The drop is attributed to a shortage of large-ticket transactions amid tougher macro conditions and ongoing US-Iran tensions. With capital largely concentrated in early stages and AI activity still limited, a mid-year revival is the hope.

Summarised by Beize from a story on YourStory on 24 Apr 2026
Dugar Finance raises 5 million to expand rural lending with tech and risk upgrades

Dugar Finance raises 5 million to expand rural lending with tech and risk upgrades

Dugar Finance has raised $5 million in a pre-Series A round led by HegdInvst, with plans to deepen its footprint in semi-urban and rural markets. The additional capital will be used to strengthen technology and risk management systems, positioning the fintech for its next growth phase and smoother scaling of operations.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Salmon secures 100M for digital credit in the Philippines targeting underbanked borrowers

Salmon secures 100M for digital credit in the Philippines targeting underbanked borrowers

Salmon has raised $100M in equity and debt to expand digital credit for underbanked Filipinos, including people with little or no credit history. The startup is also aiming at borrowers frustrated by the reliability gaps of incumbent lenders. With the funding, Salmon plans to widen access to credit while navigating a market where traditional underwriting can leave many behind.

Summarised by Beize from a story on TechCrunch on 24 Apr 2026
RentoMojo IPO Faces NCLT Fight as Cofounder Alleges Fraud and a Coerced Sale

RentoMojo IPO Faces NCLT Fight as Cofounder Alleges Fraud and a Coerced Sale

RentoMojo’s IPO road has hit an NCLT roadblock after ex-COO Ajay Nain alleged he was coerced into selling his 9.41% stake at a fraction of value. Nain says executives hinted at imminent liquidation and used “fraud and misrepresentation,” pressing for the deal to be voided and the IPO halted. RentoMojo says the matter is sub-judice.

Summarised by Beize from a story on Inc42 on 24 Apr 2026
RentoMojo IPO in Jeopardy as Ex Cofounder Ajay Nain Alleges Forced, Undervalued Exit Deal

RentoMojo IPO in Jeopardy as Ex Cofounder Ajay Nain Alleges Forced, Undervalued Exit Deal

Ajay Nain, former COO and cofounder of IPO-bound RentoMojo, has petitioned NCLT Bengaluru claiming he was pushed out through a misleading, undervalued share sale in 2023. He alleges fraud and pressure to sell his 9.41% stake, while later buyouts and funding priced shares much higher—casting doubt on the “financial stress” narrative and potentially stalling the proposed IPO.

Summarised by Beize from a story on Inc42 on 24 Apr 2026
JIIF to inject Rs 80 100 crore into early startups in just 12 18 months

JIIF to inject Rs 80 100 crore into early startups in just 12 18 months

JITO Incubation and Innovation Foundation plans to invest Rs 80–100 crore in early-stage startups over the next 12–18 months, backing 20–25 companies annually. The foundation has also taken a step to expand its deal flow by investing in Atomic Capital. It’s now preparing a new Asia-Pacific accelerator program focused on AI, fintech, and climate ventures.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Cursor eyes 2 billion funding and 50 billion valuation as AI race heats up

Cursor eyes 2 billion funding and 50 billion valuation as AI race heats up

AI coding startup Cursor is reportedly nearing a fresh funding round worth over $2 billion, potentially valuing it at around $50 billion. The deal is expected to be led by returning investors Thrive and Andreessen Horowitz, as the company seeks to expand its AI-powered coding tools. Nvidia may also participate, signaling heightened interest in developer-focused AI.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Nithin Kamath says Rainmatter backs startups with patient capital not quick exits

Nithin Kamath says Rainmatter backs startups with patient capital not quick exits

Nithin Kamath said Rainmatter has invested over Rs 1,500 crore across 160+ startups. He added that Zerodha puts 10% of its earnings into startups and another 10% into social development via Rainmatter. Kamath emphasized the firm isn’t chasing quick exits, signaling a long-term approach to building companies and impact.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Accounting startup Atlas raises 6 million to scale its AI workflow platform

Accounting startup Atlas raises 6 million to scale its AI workflow platform

Atlas, an accounting tech startup, has raised $6 million in a round co-led by Accel and Stellaris. The funding will support expansion of its AI platform, growth of a partner network of accounting firms, and faster go-to-market. CEO Arpit Maheshwari says deploying AI across accounting workflows has already produced over fivefold efficiency gains in targeted areas.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Indian tech funding falls 18% to 11.7 billion yet early stage booms

Indian tech funding falls 18% to 11.7 billion yet early stage booms

Indian tech startups raised $11.7 billion in FY 2025-26, down 18% from the prior year, even as early-stage funding climbed 33%. India stayed the fourth-highest funded country globally. FinTech and Enterprise Applications attracted most investment, while IPOs and unicorn creation rose noticeably—signaling a shift in where and how capital is flowing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Luminai raises 38 million Series B led by Peak XV Partners in major funding win

Luminai raises 38 million Series B led by Peak XV Partners in major funding win

Luminai has closed a $38 million Series B funding round led by Peak XV Partners, marking a significant vote of confidence in the company’s next growth phase. The round underscores ongoing investor appetite for startups and signals momentum as Luminai prepares to scale its product and operations following the new capital infusion.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SC ruling on tax havens threatens VC offshore deals and could reshape startup fundraising in India

SC ruling on tax havens threatens VC offshore deals and could reshape startup fundraising in India

With India’s IPO boom fueling a “happy harvest” for PE and VC, a Supreme Court stance is casting a shadow over how offshore investors structure funds into the country. Stakeholders fear renewed scrutiny of complex cross-border arrangements, and the court has signaled that simply producing tax-haven residency certificates won’t automatically justify tax treatment.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Humyn Labs raises 20 million to expand real world human data for physical AI robotics

Humyn Labs raises 20 million to expand real world human data for physical AI robotics

Humyn Labs, a physical AI startup, plans to deploy $20 million to scale its human data layer, aimed at making robots learn beyond controlled environments. The funding will expand data collection operations across India, Southeast Asia, Latin America, and the Middle East—addressing a major bottleneck for robotics companies: limited availability of high-quality, real-world human data.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
TR Capital to deploy 1 billion in India secondaries appoints Umang Agarwal as MD

TR Capital to deploy 1 billion in India secondaries appoints Umang Agarwal as MD

TR Capital plans to deploy $1 billion in India over the next five years through its secondaries strategy, targeting sectors including consumer, financial services, and healthcare. The firm will also selectively scout deals at the crossroads of software and artificial intelligence. It has appointed Umang Agarwal as managing director, signaling a sharper local leadership focus.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Dunzo cofounder Kabeer Biswas raises Rs 102 crore for AI concierge startup M

Dunzo cofounder Kabeer Biswas raises Rs 102 crore for AI concierge startup M

Dunzo cofounder Kabeer Biswas has launched M, an AI concierge startup focused on automating household tasks. The company has raised Rs 102 crore led by Peak XV Partners with participation from Blume Ventures and Cred. The move comes after Biswas’s exit from Flipkart, signaling a fresh push into everyday AI-driven services.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India Accelerator brings a 15 million dollar fund to Saudi Arabia for scaling Indian startups

India Accelerator brings a 15 million dollar fund to Saudi Arabia for scaling Indian startups

India Accelerator is expanding to Saudi Arabia with a $15 million fund to help Indian startups scale in the Kingdom. Backed by NTDP, the program will focus on AI, sustainability, EV, proptech and deeptech, supporting market entry and growth. Each cohort will back only 8–10 startups, with the first batch set to begin in March 2026.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Fifth Sense fragrance brand raises Rs 6 3 crore as OTP Ventures leads pre seed round

Fifth Sense fragrance brand raises Rs 6 3 crore as OTP Ventures leads pre seed round

D2C fragrance brand Fifth Sense has raised Rs 6.3 crore in pre-seed funding led by OTP Ventures, with participation from Sadev Ventures, ISV Capital, and angel investors. Founded by IIM Kozhikode alumni, the brand sells premium fragrances designed to suit India’s changing climates, underscoring rising investor appetite for the evolving perfume market.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Intellithink raises Rs 17 crore to expand industrial AI services to GCC and India

Intellithink raises Rs 17 crore to expand industrial AI services to GCC and India

Bengaluru industrial AI startup Intellithink has raised Rs 17 crore in a round led by Pentathlon Ventures, with participation from Anicut Capital and Veltis Capital. The startup already serves 50+ enterprises including Jindal Steel, JSW Steel, Adani and Ultratech, and plans to use the funding to expand across India and the GCC market.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Ola alumni Manav Robotics seeks $15 20 million with Blume and Qualcomm Ventures backing talks

Ola alumni Manav Robotics seeks $15 20 million with Blume and Qualcomm Ventures backing talks

Manav Robotics, founded by former senior Ola executives Suvonil Chatterjee and Slokarth Dash, is in talks with early-stage investor Blume Ventures and US-based Qualcomm Ventures to raise its maiden round of about $15–20 million. The deal could also bring in additional participation from other Indian founders, signaling growing investor interest in the robotics space.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Lumio plans Series A after $4 million seed as premium TV plans expand fast

Lumio plans Series A after $4 million seed as premium TV plans expand fast

Home entertainment startup Lumio is lining up a Series A after raising $4 million in seed funding. Backed by ex-Xiaomi and Flipkart staff, the company wants to expand its range of premium televisions, betting on a growing market. But it also faces real-world hurdles, including supply chain constraints that could shape its launch and growth timeline.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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