Venture capital funding into Indian startups fell in the first week of May, driven by fewer deals and the absence of high-value transactions. Total funding came in at $129 million across 19 deals, down from $219 million the prior week. Skyroot Aerospace’s $60 million round stood out, but weekly deal counts stayed around 20 amid macro uncertainty.
Indian startups pulled in $132.3 million across 18 deals from May 4 to May 8, down 35.2% from the previous week’s $204 million. The headline moment: Skyroot’s spacetech leap to become 2026’s third unicorn. Still, most sectors saw muted momentum, even as AI and advanced hardware each notched four deals.
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