Pune: The India Weekly Funding Tracker, by Sahyadri Startups and Tracxn, recorded a major rise in startup investments during the week of May 15-21, 2026, with total funding reaching $354 million.
According to the latest India Weekly Funding Tracker data, startup funding increased 658.1% compared to the previous week and rose 178.98% compared to the week before that.
The current funding period of May 15-21, 2026, significantly outperformed the previous two weeks. The India Weekly Funding Tracker showed that startups raised $46.6 million during May 8-14, 2026, while funding stood at $127 million during May 1-7, 2026.
Stage-wise funding trends in the India Weekly Funding Tracker highlighted strong late-stage activity during the current period. Late-stage funding accounted for 96.4% of the total investments during May 15-21, 2026. Early-stage funding contributed 1.9%, while seed-stage funding represented 1.7%.
In comparison, the previous week of May 8-14, 2026, saw early-stage funding dominate with a 60.1% share, followed by late-stage funding at 27.0% and seed-stage funding at 12.9%.
During May 1-7, 2026, late-stage funding contributed 47.3%, early-stage funding stood at 32.0%, and seed-stage funding accounted for 20.7%.
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The India Weekly Funding Tracker identified Rapido as the biggest deal of the week. Rapido secured $240 million, making it the largest funding announcement during the May 15-21, 2026 period.
Scapia emerged as the second-largest deal after raising $63 million. UpGrad followed with a funding round of $38 million. ANSCER secured $4.6 million, while Psychedelic AI raised $3.5 million.
Other notable transactions in the India Weekly Funding Tracker included Cellogen Therapeutics with $2 million in funding, ONO with $1.2 million, Damroo with $0.5 million, Kalpi with $0.5 million, and Owners ID with $0.3 million.
The India Weekly Funding Tracker also highlighted the most active venture capital firms during the week. Prosus participated in the Rapido funding round, while General Catalyst backed Scapia. Turbostart participated in the funding round of Psychedelic AI.
On the exits front, the India Weekly Funding Tracker reported three acquisitions and no technology IPOs during the current week.
The acquisitions included GoldenPi being acquired by Oxyzo on May 19. Peocit was acquired by Andromeda on May 18, while Frankly Wearing was acquired by Articore on May 18.
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The India Weekly Funding Tracker also provided a broader look at startup funding trends over the last 12 months.
Funding stood at $1008 million in June 2025 before declining to $860 million in July 2025. Startup investments increased to $1276 million in August 2025 before moderating to $874 million in September 2025.
October 2025 recorded $1332 million in startup funding, followed by a decline to $650 million in November 2025. Funding recovered to $768 million in December 2025.
The India Weekly Funding Tracker showed startup investments reached $1103 million in January 2026 and increased further to $1169 million in February 2026. March 2026 recorded the highest monthly funding in the period at $2072 million.
Funding declined to $589 million in April 2026 before reaching $527 million in May 2026.
The India Weekly Funding Tracker noted that the data only considered equity rounds and technology companies.
