Indian startups pulled $92.2 Mn this week. Nykaa's board cleared a 24.2% Earth Rhythm buy for ₹9.4 Cr, taking the clean-beauty D2C label to subsidiary status. Zepto is targeting a ₹11,000 Cr ($1.1 Bn) IPO filing by July 31, while travel-card fintech Scapia led the week with a $63 Mn raise.

Inc42 · Buzz · 5/23/2026, 3:31:47 AM

Indian startups pulled in $124.4M across 15 deals during May 16-22, 2026, with fintechs Scapia ($63M Series C) and Solfin ($29M) anchoring the week. Consumer-side, dairy and grocery platform Country Delight added $6.7M in debt, while fashion startup Meta Fashion and recovery-tech brand Owners ID also closed rounds.

YourStory · Capital · 5/22/2026, 12:31:37 PM

Cashify opens its inaugural 'Select' format store in Bengaluru, a dedicated refurbished electronics retail concept. The launch builds on its existing 250+ store footprint across 95 Indian cities, signaling a push into branded organized retail for the resale category. Same roundup notes Snabbit entering salon-at-home and Scapia raising $63M.

YourStory · 5/21/2026, 11:27:23 AM

Indian startup Meta Fashion raised ~$400K pre-seed led by Lumikai to scale its AI-native virtual fashion engine across Roblox, Fortnite and ZEPETO. Claims 2.5M virtual units sold, $300K GMV, 92% gross margin and 100K paying users. Funds also back a phygital D2C line and GlamGirls game.

Entrackr · 5/21/2026, 4:37:01 AM

Indian digital fashion startup Meta Fashion raised ~$400K pre-seed led by Lumikai. The platform sells virtual outfits across Roblox, Fortnite and ZEPETO, claims 2.5M units sold, 92% gross margin and 100K paying users, and is extending into phygital D2C apparel tied to its GlamGirls game.

Entrackr · Newsletter · 5/21/2026, 4:36:11 AM