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HrdWyr and Mekr lead India funding rush as AI chips and electronics scale with big capital wins
Business
Published on 13 May 2026
AI-native chipmaker scores $13 million while SBI readies $2 billion overseas bonds
India’s startup funding day on 12 May 2026 was powered by semiconductors and manufacturing. Bengaluru’s HrdWyr bagged $13 million to build AI-native AISoCs, while Mekr raised ₹67 crore for electronics manufacturing. Spacetech Agnikul is reportedly in talks for a $50–75 million round at a flat $500 million valuation. In business news, InCred Capital acquired S Cube Capital and SBI cleared up to $2 billion overseas bond issuance.
- HrdWyr raises $13 million for AI-native AISoC chips
- Mekr secures ₹67 crore Series A to scale electronics manufacturing
- Agnikul Cosmos reportedly targets $50–75 million at a flat $500 million valuation
- InCred Capital buys S Cube Capital as SBI approves up to $2 billion overseas bonds
Read the full story at Startup Talky
This summarization was done by Beige for a story published on 
Startup Talky