Daily Indian Startup Funding Roundup & Key News - 27 April 2026: Metasports Bags $20 Mn, JioHotstar Posts ₹31,048 Cr Revenue, Kissht IPO Opens 30 April
Manufacturing and gaming sectors led funding activity today with Capital A closing ₹160 crore for its Fund II and Metasports Interactive securing $20 million for user acquisition. Meanwhile, lending platform Kissht opened its ₹926 crore IPO with shares priced at ₹162-171, whilst the government launched its ₹10,000 crore Fund of Funds 2.0 scheme targeting deeptech and manufacturing ventures.
Daily Indian Startup Funding Digest - 27 April 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| Metasports Interactive | Gaming | ₹167 Cr ($20 Mn) | UA Funding | Metica |
Metasports Interactive Secures $20 Million for User Acquisition
Mobile gaming company Metasports Interactive has secured $20 million (~₹167 crore) in user acquisition funding from London-based growth financing firm Metica. Founded by Kashyap Reddy and Keerti Singh, the company develops Hitwicket, a multiplayer cricket game.
The non-dilutive funding will scale marketing and user acquisition for Hitwicket, supporting international expansion plans. Hitwicket has built a player base of over 18 million users across 109 countries since launch.
Metasports targets nearly 8x growth over the next 18 months through expansion in priority global markets and AI-led targeting. The company previously raised $8 million from Prime Venture Partners and Horizon Ventures.
Key Business News for 27 April 2026
JioHotstar Posts ₹31,048 Cr Revenue and ₹3,228 Cr PBT in FY26
Reliance Industries' media business, led by JioHotstar, scaled up sharply in FY26, with the platform's monthly active users reaching around 550 million in March 2026, making it one of the largest streaming platforms globally by user base. For the full year, the media segment reported operating revenue of ₹31,048 crore, EBITDA of ₹4,885 crore with a margin of 15.7%, and profit before tax of ₹3,228 crore.
Sports continued to be a key growth driver; the ICC T20 World Cup 2026 recorded a peak concurrency of 72.5 million users, while IPL 2026 delivered a record opening weekend with nearly 60% growth in peak concurrency. Digital advertising emerged as the standout monetisation lever for the year, supported by rising connected TV adoption and a broader advertiser base. JioHotstar has now crossed 1 billion downloads and is available across 99% of connected TV devices in India.
Kissht IPO Opens April 30 With ₹162-171 Price Band
Digital lending platform Kissht has filed its RHP for a ₹926 crore IPO opening April 30. The company reduced its fresh issue size to ₹850 crore from ₹1,000 crore proposed earlier, whilst halving the OFS component to 44.4 lakh shares. At the upper price band of ₹171, the IPO values the company at ₹2,881 crore. Vertex Ventures leads the OFS by offloading 1.7 million shares.
Acko Appoints Bankers For IPO Targeting $2.5 Billion Valuation
Insurtech firm Acko has appointed ICICI Securities, Morgan Stanley, and Kotak Securities as book-running lead managers for its planned IPO. The Bengaluru-based company targets a valuation of $2-2.5 billion (₹18,800-23,500 crore) and expects to file its DRHP in the coming months. Founded in 2016 by Varun Dua, Acko reported revenue of ₹2,837 crore in FY25 whilst reducing net losses by 37% year-on-year.
MobiKwik Receives RBI Approval To Launch NBFC Operations
Digital payments firm MobiKwikthe has secured an NBFC licence from the RBI for its subsidiary MobiKwik Financial Services. The licence will enable launch of new credit products for consumers and MSMEs in underserved geographies. Operations will commence upon receiving the Certificate of Registration from RBI. MobiKwik posted a consolidated net profit of ₹4 crore in Q3 FY26 versus a loss of ₹55.3 crore in the same quarter last year.
Amazon To Expand Quick Commerce Service To 100 Cities
E-commerce giant Amazon plans to expand its Amazon Now quick commerce service to 100 cities across India as part of its ₹2,800 crore (~$300 million) investment announced last week. The service will scale to over 1,000 micro-fulfilment centres, enabling delivery within minutes. Currently available in Mumbai, Delhi NCR, and Bengaluru with around 300 MFCs, the expansion targets metros and non-metros, including Pune, Hyderabad, and Chennai.
Muskaan Kapoor
