[Weekly funding roundup May 16-22] VC inflow crosses $124M this week as fintech leads revival

India’s startup funding market saw a sharp pickup between May 16 and May 22, with ventures collectively raising nearly $124.4 million across 15 disclosed deals, driven largely by late-stage fintech and financial services bets.

The week’s funding activity marks a noticeable rebound from the subdued deal environment seen through much of early 2026, even as investors continued to favour companies with clearer monetisation models and operational traction over speculative growth plays. The total VC funding amount raised during last week, however, was higher at $323 million from 22 transactions, an anomaly in recent times.

Financial services startups dominated the funding charts.

Bengaluru-based Scapia emerged as the week’s largest fundraiser after securing $63 million in a Series C round. The travel-focused fintech startup alone accounted for roughly half of all capital deployed during the week.

Another major cheque went to Solfin, which raised about $29 million, further reinforcing investor appetite for lending, payments, and embedded finance infrastructure.

Together, the two deals contributed more than 73% of the week’s total funding value, highlighting how capital continues to cluster around a handful of perceived category leaders.

Outside fintech, investors showed selective interest in consumer brands, deeptech, aerospace, and biotechnology.

Dairy and grocery platform Country Delight raised around $6.7 million through debt financing, while robotics startup Anscer Robotics secured $5.4 million in a Series A round.

Entertainment startup Mythik raised $5 million, as investors continued backing content-led digital businesses targeting younger audiences.

The week also saw funding activity in India’s emerging defence-tech ecosystem. Aerospace startup EndureAir raised over $3.1 million, reflecting sustained investor interest in drones, autonomous systems, and indigenous aerospace manufacturing.

Early-stage dealmaking remained active despite the concentration of capital in larger rounds.

Trading and investment platform Trackk raised $3.7 million from a syndicate that included founders and operators such as Gaurav Munjal and Info Edge Ventures.

Biotech startup Cellogen Therapeutics raised $2 million, while agritech startup ONO secured $1.2 million.

Consumer-focused startups also attracted smaller early-stage rounds. Recovery-tech brand Owners ID, fashion startup Meta Fashion, and mental wellness brand Sychedelic were among companies that raised fresh capital during the week.

The funding momentum suggests that while India’s venture market remains far from the exuberance of the 2021 boom years, investors are gradually returning to sectors tied to financial infrastructure, consumer essentials, and industrial technology.

At the same time, the sharp skew toward a few large transactions underlines an increasingly cautious market where capital is flowing selectively rather than broadly.