Startup Funding Dips 63%, SILA Leads Week’s Top Deals with USD 100 Mn Raise

India’s startup funding ecosystem witnessed a notable slowdown this week, with overall funding activity dropping sharply by nearly 63 percent compared to the previous week (March 27–April 2, 2026), according to Tracxn. Despite the dip, a handful of significant deals across real estate services, AI infrastructure, consumer products, agritech, and EV financing highlighted continued investor interest in high-potential and emerging sectors.

Top Funding Deals (Apr 4-Apr 10)

SILA (Real Estate Services)
SILA delivers integrated, technology-enabled real estate services spanning facility management, material handling, equipment leasing, catering, and advisory. Serving corporates, funds, and developers, it also operates SILA Estates, its development arm focused on premium residential and commercial projects, with over 1 million sq. ft. under development in Mumbai.

• Inception: 2010
• Headquartered: Mumbai
• Founders: Rushabh Vora and Sahil Vora
• Funding Amount: USD 100 Mn
• Investors: Permira

Nava (AI Infrastructure / Neocloud)
Nava offers a full-stack “neocloud” platform tailored for AI workloads, combining GPU-as-a-service, AI-optimized data centers, and enterprise-grade inference layers. Its platform enables seamless deployment across hybrid and edge environments, integrating automation, security, and observability while allowing developers to optimize performance, compliance, and cost.

• Inception: 2025
• Headquartered: Singapore (with strong India operations)
• Founders: Abhinav Sinha, Vamshidhar Reddy, Abhijeet Singh
• Funding Amount: USD 22 Mn
• Investors: Greenoaks, RTP Global, Unicorn India Ventures

Off Beat (Consumer Tech / Venture Studio)
Off Beat is an early-stage, AI-driven venture studio focused on building consumer products aligned with evolving Indian aspirations. Positioned as a content and creator-led platform, it aims to leverage AI and technology to develop bold, differentiated brands, although detailed product and business strategies are still under wraps.

• Inception: 2026
• Headquartered: Delhi
• Founder: Aman Gupta
• Funding Amount: USD 12 Mn
• Investors: Bessemer Venture Partners

Pluckk (Agritech / Food & Lifestyle)
Pluckk operates a farm-to-fork platform delivering fresh, traceable produce with a strong focus on health and lifestyle. Its portfolio includes over 400 products such as ozone-washed fruits, exotic vegetables, vegan options, low-carb foods, DIY meal kits, and fresh juices, catering to urban consumers across major Indian cities.

• Inception: 2021
• Headquartered: Mumbai
• Founder: Pratik Gupta
• Funding Amount: USD 10.8 Mn
• Investors: Euro Gulf Investment

Astranova Mobility (EV Financing / Mobility Tech)
Astranova Mobility is a full-stack electric vehicle financing and asset management platform offering leasing, maintenance, and AI-powered fleet analytics. It supports commercial EV adoption across segments including two-wheelers, cars, and heavy-duty trucks, with services like roadside assistance, recovery, and performance monitoring.

• Inception: 2023
• Headquartered: Gurugram
• Founder: Kunal Mundra
• Funding Amount: USD 6.4 Mn
• Investors: IvyCap Ventures, Asian Development Bank, Advantedge Founders, Trucks Venture Capital

Mergers and Acquisitions (M&A)

The week also saw notable consolidation and strategic expansion across sectors. JFE Engineering acquired a 25 percent stake in Antony Waste through a ¥750 million investment, strengthening its waste management footprint. Exotel acqui-hired Dubverse’s team to enhance its voice AI capabilities, while Fashinza acquired Qckin to bolster manufacturing efficiency.

In the deep-tech space, Quest Global acquired BITSILICA to expand its semiconductor capabilities. Meanwhile, Nykaa is reportedly in talks to acquire a majority stake in Deepika Padukone’s beauty brand 82°E, signaling continued momentum in India’s premium beauty and personal care segment.