Drone avionics firm ZeroDrag closed a Rs 6.5 crore seed round as defence-adjacent deep technology deals dominated Indian startup funding activity in May 2026.
Year: 2026
India’s Foreign Portfolio Investment Flows to Depend on Global Risk Sentiment Says RBI
The RBI noted in its Annual Report that foreign portfolio investment flows into India will depend heavily on global risk sentiment amid ongoing geopolitical tensions and market volatility.
Quantum Tiger AI Startup Raises Funding at USD 2 Million Valuation in Seed Round
AI-native strategic intelligence startup Quantum Tiger raised seed funding at a USD 2 million valuation from early-stage investors in India’s growing artificial intelligence startup ecosystem.
India’s L&T Technology Services Wins New GCC Contract Worth Several Hundred Crore
India’s L&T Technology Services won a new global capability centre contract worth several hundred crore rupees as Indian IT firms continue attracting large multinational mandates.
India and US Positioning to Build the Defining Strategic Partnership of the 21st Century
A US official speaking at IIT Delhi described India as one of America’s most trusted partners and said the two countries are positioning themselves to build a defining 21st century partnership.
Shangri-La Dialogue in Singapore Addresses Global Defence Trade and AI Concerns
The Shangri-La Dialogue hosted by the IISS in Singapore brought together defence ministers including US Defense Secretary Pete Hegseth to address Middle East tensions and global security.
US Inflation Hits 3.8 Percent Highest Since 2023 Pressuring Fed Rate Decisions
US inflation rose to 3.8 percent in April its highest level since 2023 increasing pressure on the Federal Reserve as it weighs its next interest rate decisions amid tariff-driven price rises.
Amazon and Flipkart Expand Dark-Store Networks Beyond Major Urban Markets in India
Amazon and Flipkart are expanding their dark-store networks beyond major urban markets as competition and saturation pressure profitability in India’s metro cities.
Fairdeal.Market Raises USD 15 Million Series A Led by Bertelsmann India Investments
B2B quick-commerce platform Fairdeal.Market raised USD 15 million in a Series A round led by Bertelsmann India Investments to scale its dark-store network and expand last-mile delivery.
MobiKwik Receives RBI Payments Aggregator Licence Targets Massive Merchant Expansion
The RBI granted MobiKwik its payments aggregator-payments licence as the fintech company targets massive merchant expansion across India following regulatory approval.