Startup Funding Surges 343% in a Week Led by Sahi, Snabbit and Dholakia Deals
Dholakia Lab Grown Diamond topped the funding charts this week, with Snabbit, Sahi, Kimbal, Metasports Interactive, and Oolka also securing major investments.
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India’s startup funding ecosystem witnessed a sharp rebound this week, with total funding activity surging nearly 343 percent compared to the previous week (April 17–23, 2026), according to Tracxn. The spike reflects renewed investor confidence across emerging sectors, alongside strong deal momentum.
From AI-driven fintech platforms to energy-tech and gaming startups, companies across diverse domains secured significant capital, while M&A and IPO developments further underscored the ecosystem’s growing maturity.
This Week’s Top Funding Deals (Apr 25–May 01)
Dholakia Lab Grown Diamond (Lab-grown Diamonds)
Dholakia Lab Grown Diamond (DLGD) operates as a fully vertically integrated lab-grown diamond company, managing the entire value chain from diamond growing to jewellery manufacturing and global distribution. Backed by the Hari Krishna Group, the company serves over 100 retailers across 25+ countries with facilities in India and the US.
• Inception: 2023
• Headquartered: Surat
• Founders: Hasu Dholakia
• Funding Amount: USD 96 Million
• Investors: Abakkus Four2Eight Opportunities Fund, ICICI Ventures India Advantage Fund Series 5, Amal Parikh, and others
Snabbit (Home Services)
Snabbit is a hyperlocal, on-demand home services platform delivering assistance within 10–15 minutes. With a 100% women-operated workforce, it provides trained experts for daily chores like cleaning, laundry, and kitchen prep, aiming to simplify urban lifestyles through reliable and accessible household support services.
• Inception: 2024
• Headquartered: Bengaluru
• Founders: Aayush Agarwal (ex-Zepto)
• Funding Amount: USD 56 Million
• Investors: Susquehanna Venture Capital, Mirae Asset Venture Investments, Bertelsmann India, Nexus Venture Partners, Lightspeed, FJ Labs
Sahi (Fintech)
Sahi is an AI-native stock broking platform designed for active traders, offering mobile-first trading with real-time insights. It provides advanced features such as in-house charting, one-click execution, and AI-driven analytics for Futures & Options and cash trading, enabling faster and data-backed investment decisions.
• Inception: 2023
• Headquartered: Bengaluru
• Founders: Dale Vaz (ex-CTO, Swiggy), Manish Jain (ex-Kotak Securities)
• Funding Amount: USD 33 Million
• Investors: Accel, Elevation Capital
Kimbal (Energy-Tech)
Kimbal delivers advanced metering infrastructure (AMI) and smart grid solutions to power utilities. The company manufactures smart meters and offers AI-enabled analytics and RF mesh technologies, enabling efficient energy management and supporting the modernization of India’s power distribution infrastructure.
• Inception: 2011
• Headquartered: New Delhi
• Founders: Ayush Sinhal
• Funding Amount: USD 22 Million
• Investors: GEF Capital Partners, Niveshaay
Metasports Interactive (Gaming)
Metasports Interactive develops mobile-first cricket strategy games, with its flagship product Hitwicket reaching over 18 million users across 109 countries. The company focuses on building immersive, AI-driven gaming experiences and aims to establish a global competitive cricket gaming ecosystem.
• Inception: 2020
• Headquartered: Hyderabad
• Founders: Kashyap Reddy, Keerti Singh
• Funding Amount: USD 20 Million
• Investors: Metica
Oolka (Fintech)
Oolka is building an AI-powered credit management platform that helps users improve their financial health. Acting as a digital agent, it identifies inactive accounts, corrects inaccuracies, negotiates better interest rates, and increases credit limits through personalized recommendations.
• Inception: 2024
• Headquartered: Bengaluru
• Founders: Utkrishta Kumar (ex-Meesho)
• Funding Amount: USD 14 Mn
• Investors: Accel India, Lightspeed, Z47, Meesho co-founders Vidit Aatrey and Sanjeev Barnwal
Mergers and Acquisitions (M&A)
Coforge completed its acquisition of Cigniti after securing regulatory clearances, while JSW One acquired BuildNext to strengthen its home construction platform. Federal Bank announced the acquisition of Standard Chartered’s credit card portfolio, expanding its retail banking presence.
In the technology sector, Palo Alto Networks is set to acquire Portkey to enhance AI security capabilities, and Tech Mahindra will acquire an 85% stake in Canada-based Avant Techno Solutions. Additionally, Reliance Retail acquired Priyanka Chopra’s haircare brand Anomaly, and Pine Labs acquired Shopflo in an INR 88 crore all-cash deal.
IPO Activity
IPO momentum remained steady with fintech and insurtech players leading the pipeline. Acko is preparing for a USD 250 million public offering, signaling increased maturity in the insurtech space. Meanwhile, digital lending platform Kissht launched its INR 926 crore IPO on April 30, with a price band of INR 162–171.
Funds
On the funds front, Neo Alternative Asset Managers announced the first close of INR 1,500 crore for its Infra Fund II, reflecting sustained investor interest in infrastructure-focused opportunities. Capital-A also secured INR 160 crore in the first close of its second fund, aimed at backing early-stage startups across high-growth sectors.
India’s startup funding ecosystem witnessed a sharp rebound this week, with total funding activity surging nearly 343 percent compared to the previous week (April 17–23, 2026), according to Tracxn. The spike reflects renewed investor confidence across emerging sectors, alongside strong deal momentum.
From AI-driven fintech platforms to energy-tech and gaming startups, companies across diverse domains secured significant capital, while M&A and IPO developments further underscored the ecosystem’s growing maturity.
This Week’s Top Funding Deals (Apr 25–May 01)
Dholakia Lab Grown Diamond (Lab-grown Diamonds)
Dholakia Lab Grown Diamond (DLGD) operates as a fully vertically integrated lab-grown diamond company, managing the entire value chain from diamond growing to jewellery manufacturing and global distribution. Backed by the Hari Krishna Group, the company serves over 100 retailers across 25+ countries with facilities in India and the US.
