Daily Indian Funding Roundup & Key News - 22 October 2026: CureBay Raises ₹100 Crore, Swiggy Q2 Loss Narrows 16%
CureBay raised INR 100 crore and four more startups closed rounds, as Swiggy's Q2 loss narrowed 16% and Jio Platforms' IPO crossed three times subscription.
Five funding rounds were announced on 22 October 2026, in sectors ranging from rural healthcare to home brands and travel tech. IvyCap Ventures, Bessemer Venture Partners and Flipkart were among the day's investors. Swiggy also reported a 16% drop in its Q2 loss, while Jio Platforms' IPO crossed three times subscription on day two.
Daily Indian Startup Funding Roundup - 22 October 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| CureBay | Healthtech | ₹100 Cr | Pre-Series C | IvyCap Ventures |
| Chapter Home | Home and Kitchen | ₹63 Cr | Equity and Debt | Bessemer Venture Partners, Stride Ventures |
| TravClan | Travel Tech | $5 Mn | Equity and Debt | Flipkart, August One |
| Karta AI | AI Software | $3 Mn | Seed | PeerCapital, Cedar Hill Capital |
| Harajuku Tokyo Cafe | Food and Beverage | $3 Mn | Pre-Series A | ZeroW |
CureBay Raises INR 100 Crore in Pre-Series C Round Led by IvyCap Ventures
CureBay raised about INR 100 crore in a pre-Series C round led by IvyCap Ventures. It included INR 69 crore in equity and more than INR 30 crore in debt from Trifecta Capital, Alteria Capital and VentureSoul Partners. The company will use the money to expand into new states, including Andhra Pradesh, and improve its AI health screening.
Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra and Sanjay Swain, CureBay runs tech-enabled clinics in rural and underserved areas. Its clinics offer doctor consultations, medicines, tests and help with surgery. The company runs more than 250 clinics across seven states and has served over 17 lakh patients.
Chapter Home Raises INR 63 Crore From Bessemer and Stride Ventures
Chapter Home raised INR 63 crore in equity and debt from Bessemer Venture Partners, Stride Ventures, comedian Tanmay Bhat and family offices. The round values the company at close to INR 1,000 crore. It will use the money to build products, enter new categories and open its first physical stores.
Founded in 2025 by former PharmEasy leaders, including Nitin Chugh and Akarsh Bharadwaj, Chapter Home builds home and kitchen brands. Its first brand is HOKIPO, which sells home furnishings online. The company uses AI for product listings, content, demand forecasting and customer targeting.
TravClan Raises $5 Million From Flipkart and August One
TravClan raised $5 million in equity and debt, with Flipkart and Singapore-based August One investing equity and Trifecta Capital providing debt. Flipkart has taken a minority stake. The startup will use the money to grow its team, expand its global supply and add more destinations.
Founded in 2018 by Arun Bagaria, Chirag Agrawal and Ashish Thapliyal, Delhi-based TravClan helps travel agents build and grow online businesses. More than 15,000 agents use it to book packages, hotels and activities. Flipkart plans to use TravClan to expand holiday packages on Cleartrip and Flipkart Travel.
Karta AI Raises $3 Million in Seed Round Led by PeerCapital and Cedar Hill Capital
Karta AI raised $3 million in a seed round led by PeerCapital and Cedar Hill Capital, with Wyser VC, CDM Capital and Seedstars also investing. The startup will use the money to improve automation and language support and grow its engineering and sales teams.
Founded in 2024 by Vijaypal Singh and Abhishek Kushwaha, Bengaluru-based Karta AI builds voice AI agents that answer customer calls for banks, lenders and insurers. The agents handle about 2 million conversations a month in more than 25 languages. The company says they fully resolve about 70% of borrower queries.
Harajuku Tokyo Cafe Raises $3 Million in Pre-Series A Round Led by ZeroW
Harajuku Tokyo Cafe raised $3 million in a pre-Series A round led by ZeroW. Blume Founders Fund and existing investors Indian Angel Network and Samved VC also took part. The company will use the money to open 10 outlets in four cities and set up central kitchens in Mumbai and Bengaluru.
Founded in 2021 by Gaurav Kanwar, Harajuku runs Japanese-themed cafes in Delhi NCR and Mumbai. It also runs Harajuku Bakehouse, a quick-service bakery brand that brings in about a third of its sales. The company aims to reach INR 100 crore in revenue this financial year.
Muskaan Kapoor
Key Business News for 22 October 2026
Swiggy's Q2 FY27 Loss Narrows 16% to INR 922 Crore
Swiggy reported a net loss of INR 922 crore for Q2 FY27, down 15.6% from INR 1,092 crore a year earlier. Its revenue rose 36.1% to INR 7,571 crore.
Revenue from its quick commerce business grew 33.3% to INR 1,306 crore. Food delivery revenue rose 21.6% to INR 2,338 crore.
Jio Platforms IPO Subscribed 3.65 Times on Day Two
Jio Platforms' INR 30,213 crore IPO was subscribed 3.65 times by midday on its second day. Qualified institutional buyers led demand at 9.42 times, while the retail portion was fully booked.
The issue was subscribed 3.15 times on its first day. It is made up entirely of new shares and closes on 23 October.
Shiprocket Enters Food Delivery With Direct Ordering Platform fastrr
Shiprocket has entered food delivery with fastrr, a platform that lets restaurants take orders directly from customers. It aims to help restaurants cut the commissions they pay to food delivery apps.
Deliveries will run through Shiprocket's partner network, which includes Ola, Porter and Shadowfax Local. Shiprocket launched the service with the Vegorama Group, which owns Bikkgane Biryani and Punjabi Angithi. It plans to extend fastrr to cloud kitchens, bakeries and quick-service restaurants.
KENT RO Enters Lithium Battery and Inverter Market With INR 250 Crore Investment
KENT RO Systems is investing INR 250 crore in a lithium battery and inverter plant through its new division, Kent New Energy. The Noida facility will start with a capacity of 3.5 GWh.
The company plans to grow this to 10 GWh within six months. Its products pair solar hybrid inverters with home batteries of 5.1 kWh to 16 kWh. KENT will sell them online, in stores and through its dealer network.
