Rapido's $240M raise drives India VC inflow to $323M across 22 deals

Indian startups pulled in $323M across 22 deals during May 9-15, with Rapido's $240M round accounting for nearly three-quarters of the weekly tally. Consumer plays drew meaningful cheques: Wingreens (Rs 120cr), virtual-restaurant operator Dil Foods (Rs 72cr, backed by Bikaji Family Office), and electronics maker Mekr (Rs 67cr).

— Source publishedFri, 15 May, 2026, 20:10 IST·First seen Fri, 15 May, 2026, 20:16 IST·Source YourStory · Capital

What happened

Indian VC funding hit $323M across 22 deals in May 9-15, led by Rapido's $240M raise. Consumer-relevant deals included Wingreens (Rs 120cr), virtual-restaurant

Key facts

  • $240M Rapido
  • $323M total
  • 22 deals
  • Rs 120cr Wingreens
  • Rs 72cr Dil Foods
  • Rs 67cr Mekr

Why this matters

Strategic family offices like Bikaji backing Dil Foods hint at consolidation pathways where legacy FMCG players acquire digital-native brands rather than build in-house.