Daily Indian Funding Roundup & Key News - 7 May 2026: Skyroot Bags $60 Mn Unicorn Round, Pronto Closes $45 Mn Series B, InMobi Acquires MobileAction
Indian startups saw a steady flow of capital on 7 May 2026, with spacetech, robotics and quick home services drawing investor attention. Skyroot Aerospace led the day, bagging $60 million to become India's first spacetech unicorn. Pronto wrapped up a $45 million Series B at a doubled valuation, while robotics startup Alphadroid pulled in $3.8 million. On the deals front, adtech major InMobi acquired US-based MobileAction, and Fairfax India committed ₹2,000 crore to IIFL Capital for a majority stake.
Daily Indian Startup Funding Digest - 7 May 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| Skyroot Aerospace | Spacetech | ₹570 Cr (~$60 Mn) | Late Stage | Sherpalo Ventures, GIC |
| Pronto | Home Services | ₹425.3 Cr (~$45 Mn) | Series B | Epiq Capital, Lachy Groom |
| Alphadroid | Robotics | ₹36 Cr (~$3.8 Mn) | Pre-Series A | Alkemi Growth Capital |
| Blunav | Airport Operations Tech | ₹8.3 Cr (~$1 Mn) | Seed | Piper Serica |
| PinSec.AI | Wealthtech (AI) | ₹5 Cr | Seed | HNI Investors |
Skyroot Aerospace Raises $60 Mn, Becomes India's First Spacetech Unicorn
Skyroot has raised $60 million (around ₹570 crore) in a round co-led by existing investors Sherpalo Ventures and Singapore's sovereign wealth fund GIC. BlackRock, Playbook Partners, Shanghvi Family Office, Arkam Ventures and the founders of Greenko Group also participated. The round doubled Skyroot's pre-money valuation to $1.1 billion from $550 million in 2023, taking total funding raised to $155 million.
The startup will use the fresh capital to establish a regular cadence of Vikram-1 launches, scale manufacturing and ramp up development of Vikram-2, a one-tonne class launch vehicle powered by an advanced cryogenic stage. Sherpalo's Ram Shriram will also join Skyroot's board.
Pronto Closes Series B at $45 Mn, Valuation Doubles to $200 Mn
Founded in 2025 by Anjali Sardana, Pronto has closed its Series B round at $45 million (₹425.3 crore), securing a fresh $20 million (₹189 crore) from Lachy Groom, founder of US-based Physical Intelligence. The latest tranche came at a $200 million (₹1,890 crore) valuation, double the $100 million mark from the first close in March, which was led by Epiq Capital with participation from Glade Brook Capital, General Catalyst and Bain Capital Ventures. Total funding raised crosses $60 million.
The startup will deploy the fresh funds to deepen its footprint in existing cities over the next six months. Pronto has scaled its partner network from 1,440 in January to 6,500, with referrals driving 60% of new sign-ups. The raise comes amid intensifying competition with Snabbit, which recently closed $56 million at a $400 million valuation.
Alphadroid Raises $3.8 Mn in Pre-Series A Led by Alkemi
Delhi NCR-based robotics startup Alphadroid, founded in 2023 by Sanjeev Kumar and incubated at IIIT Lucknow, builds integrated automation systems combining hardware and software. Its product portfolio includes five robots handling payloads from 40 kg to 250 kg, deployed at clients including Nestle, Bikanerwala, Emami and Reliance Smart.
The startup has raised ₹36 crore (around $3.8 million) in a pre-Series A round led by Alkemi Growth Capital, with participation from Shree Vasu Logistics Limited (SVLL) and undisclosed HNIs.
Alphadroid plans to deploy the funds to expand its product portfolio, acquire new clients and grow its engineering and R&D team. It also intends to develop specialised solutions for healthcare and expand into logistics and warehousing. The company offers a robot-as-a-service model with monthly subscriptions ranging from ₹25,000 to ₹80,000.
Blunav Has Raised $1 million
Chennai-based startup Blunav has raised $1 million (≈₹8.3 crore) in a seed funding round led by Piper Serica. The company builds technology solutions for airport operations, helping improve efficiency, coordination, and real-time decision-making across airport systems. The fresh capital will be used to scale its platform, expand deployments across more airports, and strengthen its product capabilities in the aviation infrastructure space.
PinSec.AI Secures Seed Funding
AI-native wealth management platform backed by the FPL Group, PinSec.AI, has raised ₹5 crore in seed funding from a group of HNI investors. The Chennai-based startup is building a technology-first, AI-driven wealth platform focused on South India, aiming to bridge the region’s gap in financial advisory and investment access. The funds will be used to strengthen its proprietary AI infrastructure, meet regulatory requirements, hire senior talent, and expand across key wealth hubs. The company is targeting $1 billion in assets under management (AUM) by 2030 as it scales into a full-service wealth management ecosystem.
Key Business News for 7 May 2026
InMobi Acquires US-Based App Analytics Platform MobileAction
Adtech unicorn InMobi has acquired San Francisco-based mobile app marketing and analytics platform MobileAction for an undisclosed sum. Founded in 2013, MobileAction counts Google, Meta and DoorDash among its customers and will continue to operate independently, with its US, Europe and Turkey teams joining the InMobi Group. The deal strengthens InMobi's iOS app-marketing capabilities through AI-powered optimisation, with planned investment in product and global go-to-market expansion across the US, APAC and MENA.
Fairfax to Inject ₹2,000 Crore Into IIFL Capital for Majority Stake
Prem Watsa-led Fairfax India Holdings has agreed to inject ₹2,000 crore into IIFL Capital Services through a preferential allotment of 5.71 crore shares at ₹350 apiece, a 6% premium to the previous close. The deal will lift FIH Mauritius' stake from 27.18% to 38.47%, taking Fairfax's combined holding to 41.8%, and will trigger a mandatory open offer. Promoter Nirmal Jain confirmed Fairfax aims to reach a minimum 51% stake over time, with the Canadian investor to be classified as a promoter and given two non-executive board seats.
InCred Holdings Files UDRHP for IPO With ₹1,250 Cr Fresh Issue
InCred Holdings, parent of NBFC InCred Financial Services, has filed its updated draft red herring prospectus with SEBI for an IPO comprising a fresh issue of up to ₹1,250 crore and an OFS of up to 9.9 crore equity shares. KKR India Financial Investments is the largest seller with 4 crore shares, followed by MNI Ventures and MEMG Family Office. Proceeds will primarily strengthen InCred Finance's Tier I capital base to support onward lending; AUM stood at ₹14,500 crore as of December 2025.
Meesho Stock Rises After Q4 Loss Narrows 88%, AI Push Intensifies
Meesho shares jumped as much as 8% intraday on the BSE after the ecommerce firm reported an 88% drop in Q4 FY26 net loss to ₹166.3 crore, alongside a 47.1% revenue jump to ₹3,531.2 crore. NMV grew 43% to ₹11,371 crore and annual transacting users rose 33% to 26.4 crore. CEO Vidit Aatrey said over 70% of marketplace code is now AI-generated, with Meesho ramping up investment in voice agent Vaani and recommendation engine PRISM, even as adjusted EBITDA loss widened on AI infrastructure and customer acquisition spends.
Ola Consumer's FY25 Loss Doubles to ₹662.4 Cr, Revenue Falls 41.8%
Ola Consumer, the ride-hailing arm of the Ola Group, reported a 101.5% jump in FY25 net loss to ₹662.4 crore, with operating revenue declining 41.8% to ₹1,170.9 crore. The financials were filed over six months after the statutory deadline, including a ₹1,312 crore markdown on its Ola Electric stake, consolidated losses widened to ₹1,974.7 crore. Accumulated losses now stand at ₹21,212.6 crore as Ola loses ground to Uber and Rapido, even as its board pursues an IPO with ₹18.8 crore booked as prepaid IPO expenses.
Everstone Acquires Germany's Qlar Group From Blackstone in $150-200 Mn Deal
Singapore-based private equity firm Everstone Capital has acquired Germany-based industrial equipment maker Qlar Group from Blackstone in a transaction estimated at $150-200 million, including equity and debt. Qlar derives about 25% of revenue from India and employs around 417 people locally, with manufacturing facilities in Bengaluru and Gurugram. The deal aligns with Everstone's strategy of backing global manufacturing and engineering businesses with significant Indian and Asian operations, with plans to expand Qlar's lower-carbon and circular material-processing solutions.
Muskaan Kapoor
