India, May 16 -- Indian startup funding momentum witnessed a sharp uptick this week on the back of Rapido's mega funding round this week. Fifteen startups managed to raise $303 Mn between May 11 to May 15, marking a 129% increase from $132.2 Mn raised across 18 deals last week.

However, barring Rapido's $240 Mn primary infusion, startup funding would have declined by 52% this week.

Funding Galore: Indian Startup Funding Of The Week [May 11 - May 15]

Date

Name

Sector

Subsector

Business Model

Funding Round Size

Funding Round Type

Investors

Lead Investor

15 May 2026

Rapido

Travel Tech

Ride Hailing

B2C

$240 Mn*

-

Prosus, WestBridge Capital, Accel

Prosus

12 May 2026

HrdWyr

Advanced Hardware & Technology

Semiconductors ...