Indian startups bag $303 Mn this week; Rapido leads with $240 Mn, retail-D2C deals follow

Rapido's $240 Mn round anchored a $303 Mn week. Retail-adjacent raises included Wingreens Farms ($12.6 Mn), Dil Foods cloud kitchen ($7.7 Mn), Legend Of Toys ($2.2 Mn), and QSR play Bobakat. EaseMyTrip launched a ₹500 Cr rights issue; Zoho committed ₹70 Cr to ONDC.

— Source publishedSat, 16 May, 2026, 09:00 IST·First seen Sat, 16 May, 2026, 09:01 IST·Source Inc42

What happened

Indian startups raised $303 Mn this week led by Rapido's $240 Mn round. Retail-relevant deals include Wingreens Farms, Dil Foods cloud kitchen, Bobakat QSR, D2C

Key facts

  • $303 Mn total
  • $240 Mn Rapido
  • $12.6 Mn Wingreens
  • $7.7 Mn Dil Foods
  • $2.2 Mn Legend Of Toys
  • ₹500 Cr EaseMyTrip rights issue
  • ₹126.7 Cr Simple Energy
  • ₹70 Cr Zoho-ONDC

Why this matters

EaseMyTrip's ₹500 Cr rights issue and Zoho's ONDC bet open partnership and platform-integration windows, while sub-$15 Mn raises at Wingreens, Dil Foods, and Legend Of Toys flag emerging tuck-in acquisition targets.

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