Daily Indian Funding Roundup & Key News – 5th January 2026: Kayess Square Raises INR 10 Cr, Mylapay Secures $1 Mn, Air India Leadership Review & More
India’s startup and business ecosystem saw a mix of funding momentum and major corporate developments on 5th January 2026. Early-stage investments continued across advisory and fintech infrastructure, with Kayess Square raising INR 10 crore in a Pre-Series A round and payment startup Mylapay securing $1 million ahead of its Series A. Alongside funding updates, the day also witnessed significant business headlines, including reports of Tata Sons reviewing leadership at Air India amid operational concerns, and a nationwide bank strike announcement by UFBU over the long-pending five-day workweek demand. Together, these developments highlight the evolving dynamics of India’s startup, aviation, and banking sectors at the start of the year.
Daily Indian Startup Funding Roundup - 5th January 2026
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Kayess Square | INR 10 Cr | Pre-Series A | Vakil Housing; participation from Parthasarathy NS, Ramakrishna, Umashankar, Raveen Sastry, Vadiraj Katti, Suresh Pillay, Anand Narayanan & others | Finance, risk, governance & transaction advisory services |
| Mylapay | $1 Mn | Part of ongoing round (ahead of Series A) | CDM Capital; Credit Saison; GrowthCap Ventures; strategic angel investors | Payment infrastructure |
Kayess Square raises INR 10 crore in Pre-Series A to expand advisory services
Consulting and advisory startup Kayess Square has raised INR 10 crore in a Pre-Series A funding round led by Vakil Housing, with participation from multiple industry veterans. The Bengaluru-based firm will use the funds to strengthen its finance, risk, governance, and transaction advisory capabilities, bolster core practice areas, and enhance the quality of advisory services it offers to startups and growth-stage companies.
Mylapay secures $1 million funding ahead of Series A to scale payment infrastructure
Chennai-based payment infrastructure startup Mylapay has raised $1 million as part of an ongoing funding round ahead of a planned Series A. The round saw continued backing from CDM Capital and Credit Saison, along with new participation from GrowthCap Ventures and a group of strategic angel investors. Mylapay will use the capital to strengthen its payment stack, expand integrations with banks and aggregators, and support international expansion while scaling adoption of its unified acquiring platform.
Key Business News for 5th January 2026
Air India looks to replace CEO Campbell Wilson as safety concerns mount
Air India is reportedly exploring a leadership change at the top, with Tata Sons considering replacing CEO Campbell Wilson before his current term ends in 2027. The move comes amid ongoing operational and safety concerns, particularly following a fatal air crash in June 2025. Group chairman N. Chandrasekaran has held discussions with senior executives from major global airlines as part of succession planning, while performance issues such as delays in aircraft deliveries and service quality challenges have contributed to the review of Wilson’s leadership.
UFBU calls nationwide bank strike on Jan 27 over 5-day workweek
The United Forum of Bank Unions (UFBU), representing major bank employees’ unions, has announced a nationwide strike for January 27, 2026, to push for implementation of a five-day workweek (Monday to Friday). The unions argue that the long-pending demand, agreed in principle during the March 2024 wage settlement, has not been acted upon yet. They have proposed that the total working hours remain the same by extending daily shifts to compensate for Saturdays off. If the strike proceeds, banking services may be disrupted for several days given that January 25 and 26 are already holidays.
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