Daily Indian Funding Roundup & Key News - 26 October 2026: Matiks Raises $10 Million, Ather Turns Profitable in Q2

Five funding rounds closed on 26 October 2026, spanning social gaming, healthcare data, defence tech, travel tech and AI shopping. General Catalyst, Peak XV, AdvantEdge Founders and Kairon Capital were among the day's lead investors. The headline raise is Matiks's $10 million Pre-Series A round to take its social gaming platform global.

Away from funding, Ather Energy turned profitable in Q2 FY27 with a net profit of about INR 1.3 crore, while MakeMyTrip swung to a $1.8 million profit.

Daily Indian Startup Funding Roundup - 26 October 2026

Matiks Raises $10 Million Pre-Series A Funding

Matiks raised $10 million in a Pre-Series A round led by General Catalyst, with participation from Ronnie Screwvala and existing investors Info Edge Ventures, Tanglin Venture Partners and Untitled Ventures. The funds will support international expansion, new games and social experiences, and an AI tool that lets users build and publish games without coding. It will start with the US market.

Founded in 2024 by Sudhanshu Bhatia, Sushant and Mohan, Matiks is a Bengaluru-based social gaming platform that began as a mental maths game. It now offers math, memory, logic and puzzle games that users can play with friends. In September 2026, 2.2 million users played 48 million games, and daily active users rose to over 300,000.

BioStack Raises $9.5 Million Seed Funding

BioStack raised $9.5 million in a seed round led by Peak XV and Afore Capital. DCVC, Emerson Collective, SV Angel, Verdict Capital, Streamlined Ventures and Y Combinator also took part. The funds will go towards international expansion, technology development and growing its engineering and research teams.

Founded by Sanat Mishra, BioStack is a healthcare data infrastructure startup that links scattered clinical records from hospitals into longitudinal patient records. It creates de-identified datasets for medical research, drug development and healthcare AI. It operates in the US, India, Brazil and Argentina, and says it has access to over 100 million de-identified patient records.

Paar Autonomy Raises INR 10 Crore Funding

Paar Autonomy raised INR 10 crore in a round led by AdvantEdge Founders. The funds will be used to scale production of its AI-powered camera systems and to build GPS-free navigation for drones. It had earlier raised INR 3.5 crore in a pre-seed round led by Venture Catalysts.

Founded in June 2024 by Vignesh Sivaram Jayaraman, Paar Autonomy is a Bengaluru-based defence tech startup. It makes camera systems and AI software for drones and other unmanned platforms, sold under its Sentinel series. The products work in places without GPS and serve border surveillance as well as industrial inspection and disaster response.

Bucketlistt.com Raises INR 7.6 Crore Seed Funding

Bucketlistt.com raised INR 7.6 crore in a seed round led by Kairon Capital, with participation from Titan Capital, Divisa Family Office and Kunal Popat. The funds will strengthen its technology and product, onboard more operators, and expand beyond Rishikesh, starting with Manali and Bir. It will also invest in content and distribution partnerships.

Founded by Shubham Makhecha, Nitant Desai and Divyam Shah, Bucketlistt.com is an Ahmedabad-based marketplace for discovering and booking experiences across India. Its operator platform, OkGhumo, digitises bookings, inventory and payments for experience providers. Together they have managed more than INR 22.5 crore in bookings over the last 10 months.

Glance Raises Funding From L Catterton

Glance raised an undisclosed amount in a strategic investment from L Catterton, a consumer-focused investment firm. The fresh funds will support Glance's expansion, with a focus on the US. L Catterton will also bring consumer expertise, operating capabilities and its global network.

Founded in 2019 by four InMobi alumni, including Naveen Tewari and Piyush Shah, Glance began by curating content on smartphone lock screens. It now runs an AI shopping business across smartphones and connected TVs. The InMobi-backed company has raised about $500 million so far from investors including Google, Mithril Capital and Jio Platforms.

Key Business News for 26 October 2026

Ather Energy Turns Profitable In Q2 FY27

Ather Energy posted a consolidated net profit of about INR 1.3 crore in the September quarter of FY27. This compares with a net loss of INR 154.1 crore a year earlier and a loss of INR 51.1 crore in the June quarter. Operating revenue rose 62.9% year on year to INR 1,464.2 crore.

Other income of INR 62.7 crore played a key role in the result, as operating revenue fell short of total expenses by INR 61.5 crore. Total income reached INR 1,527 crore, while total expenses rose 39.4% to INR 1,526 crore. The electric scooter maker had already turned EBITDA positive in Q1 FY27.

MakeMyTrip Swings To $1.8 Million Profit In Q2 FY27

MakeMyTrip reported a consolidated net profit of $1.8 million in the September quarter, against a loss of $5.7 million a year earlier. Revenue rose 2.5% to $235.2 million, or 11.2% in constant currency. Gross bookings grew 11.3% to $2.72 billion.

The company said higher operating profit and lower net finance costs helped the result. The rupee's fall of about 10% against the dollar weighed on reported dollar revenue. Bus ticketing revenue rose 16.6% to $39.1 million, while hotels and packages slipped 1% to $107.1 million.

Unacademy Cofounders Plan INR 700 Crore AI And Deeptech Fund

Unacademy cofounders Gaurav Munjal and Roman Saini are raising INR 700 crore for Longshot Capital, a Bengaluru-based fund focused on AI and deeptech. As per an ET report citing sources, it has commitments of about INR 250 to 300 crore and targets a first close in January 2027. It plans to back 25 to 28 seed and pre-Series A startups with first cheques of $500,000 to $1.5 million.

The fund formalises their angel investing, which totals over INR 25 crore across more than 200 cheques. Saini will run the fund full-time, while Munjal will stay part-time alongside his role at Unacademy. The move follows upGrad's all-stock acquisition of Unacademy, which valued it at INR 1,955 crore, over 90% below its 2021 peak.