The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has officially issued the operational guidelines for the Startup India Fund of Funds 2.0 (FoF 2.0) , a landmark initiative that will channel the ₹10,000 crore corpus into India’s startup ecosystem .
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The proposed extension round—an unusually rapid follow-on—signals surging investor appetite for the instant home-services segment, where Pronto competes directly with Snabbit and Urban Company’s InstaHelp . The swift valuation jump reflects a broader shift in investor priorities: after years of skepticism about on-demand service platforms, the sector is regaining attention as startups demonstrate repeatable unit economics and capital-efficient growth.
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The Indian startup ecosystem witnessed another week of subdued funding activity between April 20 and 24, 2026, with companies raising just $39 million across 15 deals . This marks the lowest weekly total of 2026 so far, extending a trend of declining venture capital inflows that has characterized the month of April.
To put this in perspective, the previous week (April 13-17) saw $60 million raised across 15 deals . The week before that (April 6-10) had crossed $360 million, driven largely by KreditBee’s $280 million unicorn round . The sharp decline from $360 million to $39 million in just two weeks illustrates the volatile, deal-dependent nature of India’s current funding environment.
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In a move that signals the growing maturity of India’s advanced manufacturing landscape, Venttup, a B2B Manufacturing-as-a-Service (MaaS) startup, has brought
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Karnataka has taken another decisive step to strengthen its position as India’s leading startup hub. The state’s IT/BT department, through the Karnataka Innovation and Technology Society (KITS) , has signed a Memorandum of Understanding (MoU) with Ideabaaz Tech, a startup discovery platform .
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Zerodha-backed Rainmatter has invested ₹19.5 crore in Chennai-based wealthtech startup PrimeInvestor, marking the first external institutional funding for the platform . The investment signals a broader shift in India’s fintech landscape: after a decade of democratizing access to stock markets (the “first wave”), investors and platforms are now turning to the “second wave”—sophisticated, research-backed portfolio management for a maturing investor base .
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The strategy worked. Rocket amassed over 1.2 million users across 185 countries, with the US, Europe, and India as its primary revenue markets . It raised a $15 million seed round from Salesforce Ventures, Accel, and Together Fund, with a team of 60 employees split between Surat and Palo Alto .
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The Unicorn Growth Fund (UGF) , a partnership between gaming giant Krafton Inc., internet conglomerate Naver Corporation, and financial powerhouse Mirae Asset, represents one of the largest India-focused capital pools ever raised by an Asian technology-led platform . The fund will be managed and advised by Mirae Asset Venture Investments (MAVI) and is designed to partner with founders building category-leading companies with global ambitions .
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Two years ago, a moment of technical failure on national television nearly grounded the ambitions of a young drone startup. During their pitch on Shark Tank India Season 3, the Vecros drone lost its orientation and crashed while demonstrating obstacle avoidance—an unforgettable moment that could have ended their entrepreneurial journey .
Fast forward to 2026, and the narrative has completely shifted. Vecros, an Andhra Pradesh-registered deep-tech startup building autonomous spatial AI drones, has been selected for the Y Combinator (YC) Startup School—one of the world’s most prestigious startup accelerators that has launched giants like Airbnb, Dropbox, and Stripe .
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In a development that underscores the growing global interest in India’s mental health technology sector, HeyyPal, a real-time experts-led conversation platform, has raised funding from Abu Dhabi-based venture capitalist Umesh Bhatt at a valuation of ₹20 crore. While the exact deal size remains undisclosed, the investment signals rising investor confidence in scalable, tech-enabled mental health solutions that address one of the most pressing challenges of our time .
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