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Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.
Indian startup funding fell 27% month-on-month to $630 million in May 2026, the lowest monthly total in six years, with Rapido's $240 million Series F accounting for nearly 38% of all capital raised.
Skyroot Aerospace has raised $60 million co-led by Sherpalo Ventures and GIC, reaching a $1.1 billion valuation to become India's first spacetech unicorn. The Hyderabad-based startup will use the funds to launch Vikram-1, India's first private orbital rocket designed to deploy small satellites.
India added over 55,000 DPIIT-recognised startups in FY26, the highest annual figure since the Startup India launch, taking the cumulative count past 2.23 lakh. The surge is backed by a Rs 10,000 crore Fund of Funds 2.0 and Rs 19,000 crore in Government e-Marketplace orders, signalling expanding public and
Glydways, backed by Khosla Ventures, has closed a $170 million raise and is in talks to add another $250 million as it prepares three pilot program launches. The additional capital would bring total funding to at least $420 million, covering the high capital-intensity phase of physical deployment. Pilot performance met
Tag
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
3d ago · 4 min · Business
CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.
7d ago · 3 min · Business
Indian startup funding fell 27% month-on-month to $630 million in May 2026, the lowest monthly total in six years, with Rapido's $240 million Series F accounting for nearly 38% of all capital raised.
24d ago · 4 min · Business
Skyroot Aerospace has raised $60 million co-led by Sherpalo Ventures and GIC, reaching a $1.1 billion valuation to become India's first spacetech unicorn. The Hyderabad-based startup will use the funds to launch Vikram-1, India's first private orbital rocket designed to deploy small satellites.
1mo ago · 2 min · Technology
India added over 55,000 DPIIT-recognised startups in FY26, the highest annual figure since the Startup India launch, taking the cumulative count past 2.23 lakh. The surge is backed by a Rs 10,000 crore Fund of Funds 2.0 and Rs 19,000 crore in Government e-Marketplace orders, signalling expanding public and
2mo ago · 2 min · Business
Glydways, backed by Khosla Ventures, has closed a $170 million raise and is in talks to add another $250 million as it prepares three pilot program launches. The additional capital would bring total funding to at least $420 million, covering the high capital-intensity phase of physical deployment. Pilot performance met
2mo ago · 1 min · Technology
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