SUMMARY
Indian startup funding stood at $219.8 Mn across 34 deals, down 23% from the preceding week
While Peak XV emerged as the most active startup backer with three investments, prominent investors like Lightspeed, ajvc and 360 One also backed two startups apiece
commerce segment saw the highest 9 deals materialise this week, with ecommerce startups netting $27.1 Mn in funds
Startup funding momentum continued to remain strong in the final week of February, with 33 startups cumulatively bagging $219.8 Mn between February 23 to 27. However, this marked a 23% decline from the $285.3 Mn bagged by 17 startups in the preceding week.
The week-on-week decline came largely on the back of no mega funding rounds materialising during the week. Ecommerce major Spinny sealed the last mega funding round of $170 Mn on February 14.
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Funding Galore: Indian Startup Funding Of The Week [Feb 23 – 27]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
27 Feb 2026
Temple
Advanced Hardware & Technology
Internet Of Things (IoT) & Hardware
B2C
$54.1 Mn
–
NK Squared, Steadview Capital, Peak XV Partners, Deepinder Goyal
–
27 Feb 2026
Constelli
Advanced Hardware & Technology
Defence Tech
B2B, B2G
$20 Mn
–
General Catalyst, 360 One Asset Management, Pravega Ventures
General Catalyst
23 Feb 2026
Wishlink
Media & Entertainment
Creator Economy
B2B
$17.5 Mn
Series B
Vertex Ventures Southeast Asia & India, Fundamentum, Elevation Capital
Vertex Ventures Southeast Asia & India
24 Feb 2026
XFlow
Fintech
Banking
B2B
$16.6 Mn
Series A
General Catalyst, Square Peg, Stripe, Lightspeed, Moore Capital, PayPal Ventures
General Catalyst
26 Feb 2026
Prayaan
Fintech
Lending Tech
B2B
$12.1 Mn
Series A
Peak XV Partners
Peak XV Partners
26 Feb 2026
MeltPlan
AI
Application Layer
B2B
$10 Mn
Seed
Bessemer Venture Partners, Noa
Bessemer Venture Partners
26 Feb 2026
Gushwork
AI
Application Layer
B2B
$9 Mn
Seed
Susquehanna Asia VC, Lightspeed, B Capital, Seaborne Capital, Beenext, Sparrow Capital, 2.2 Capital
Susquehanna Asia VC
26 Feb 2026
Spintly
Advanced Hardware & Technology
Internet Of Things (IoT) & Hardware
B2B
$8 Mn
Series A
Accel, Enrission India Capital, SucSEED Ventures, Alumni Ventures, Chakra Growth Fund
Accel
25 Feb 2026
HomeEssentials
Ecommerce
D2C
B2C
$7.7 Mn
Pre-Series B
360 ONE Asset Management, India Quotient
360 ONE Asset
25 Feb 2026
ZeroHarm
Ecommerce
D2C
B2C
$7.2 Mn
–
Kotak Alternate Asset Managers, Alkemi Growth Capital
Kotak Alternate Asset Managers, Alkemi Growth Capital
26 Feb 2026
FREED
Fintech
Lending Tech
B2C
$6.6 Mn
–
Aavishkaar Capital, Sorin Investments, Piper Serica, Sattva Ventures
Aavishkaar Capital
25 Feb 2026
Wootzwork
Enterprise Services
Manufacturing Solutions
B2B
$6.6 Mn
Series A
Z47, Nexus Venture Partners, AdvantEdge Founders, Stride Ventures
Z47
23 Feb 2026
MyDesignation
Ecommerce
D2C
B2C
$4.8 Mn
Series A
RPSG Capital Ventures and Veltis Capital, Multiply Ventures, Dominor Investments
RPSG Capital Ventures, Veltis Capital
27 Feb 2026
Grevoro
Clean Tech
–
B2B
$4.7 Mn
Seed
Atha Group Family Office, Misra Group Family Office
Atha Group Family Office, Misra Group Family Office
25 Feb 2026
Pulse
Health Tech
Medical Equipments
B2B
$4 Mn
Seed
3one4 Capital, Incubate Fund Asia, Stride Ventures
3one4 Capital
24 Feb 2026
Puresta
Ecommerce
D2C
B2C
$3.7 Mn
Pre-Seed
Spring Marketing Capital
Spring Marketing Capital
24 Feb 2026
Kris@Work
AI
Application Layer
B2B
$3 Mn
Seed
Info Edge Ventures, JN Capital, Growth Advisory (Singapore)
Info Edge Ventures
24 Feb 2026
Oncare
Health Tech
In-Clinic Healthcare
B2B
$3 Mn
Series A
Sky Impact Capital, Huddle Ventures, Lotus Herbal Group, SteerX, Tremis Capital
Sky Impact Capital
23 Feb 2026
Mojro
Logistics
Logistics SaaS
B2B
$3 Mn
–
IAN Group, 1Crowd
IAN Group
24 Feb 2026
DATOMS
Advanced Hardware & Technology
Internet Of Things (IoT) & Hardware
B2B
$2.8 Mn
Series A
Big Capital JSC, IvyCap Ventures, YourNest Venture Capital
Big Capital JSC
26 Feb 2026
Companion Labs
AI
Application Layer
B2C
$2.5 Mn
Seed
Surge (Peak XV), All in Capital, DeVC, Untitled VC
Surge (Peak XV)
25 Feb 2026
Armatrix
Advanced Hardware & Technology
Robotics
B2B
$2.1 Mn
Pre-Seed
pi Ventures, Inuka Capital, Boundless Ventures, Boost VC, Turbostart, gradCapital
pi Ventures
24 Feb 2026
HireBound
Enterprise Tech
Horizontal SaaS
B2B
$2 Mn
Seed
Kalaari Capital, Antler, Infinyte Club, CareerNet
Kalaari Capital
24 Feb 2026
Basil
Ecommerce
D2C
B2C
$2 Mn
Pre-Series A
Prime Venture Partners, Appreciate Capital, IIMA Ventures
Prime Venture Partners
25 Feb 2026
Tattvam
AI
Application Layer
B2B
$1.7 Mn
Pre-Seed
Seedcamp, EWOR, Entropy Industrial Ventures, Concept Ventures, Stan Boland (Angel Investor)
Seedcamp
26 Feb 2026
Flabs
AI
Application Layer
B2B
$1.2 Mn
–
IndiaQuotient
IndiaQuotient
27 Feb 2026
The Artment
Ecommerce
D2C
B2C
$1.1 Mn
Pre-Series A
IAN Group
IAN Group
23 Feb 2026
Hycosys
Advanced Hardware & Technology
Internet Of Things (IoT) & Hardware
B2B
$1 Mn
Seed
MountTech Growth Fund
MountTech Growth Fund
25 Feb 2026
Gut Clinic
Health Tech
In-Clinic Healthcare
B2C
$1 Mn
Seed
Amitoj Singh (University of Arizona), Aman Rajpal (University of California), Ankur Kathuria (Alpha Wave Global), Juhi Bhatnagar (Forj Capital), Deepak Garg (RIL)
–
26 Feb 2026
Nailnit
Ecommerce
D2C
B2C
$330K
Pre-Seed
Gruhas Collective Consumer Fund, Mars Shot VC, Shashank Kumar (Razorpay), Arjit Johri (Mars Shot Ventures), Yash Jain (Angel), Karan Jindal (Meta), Jivraj Singh Sachar (Tribe Capital India), Nishank Jain (Angel), Yashvardhan Kanoi (Angel Investor), Ashwarya Garg (HYPD), Venus Dhuria (Phot.AI), Amishi Parasrampurian (The Whole Truth)
Gruhas Collective Consumer Fund, Mars Shot VC
25 Feb 2026
Finanjo
Fintech
Banking
B2C
$165K
Pre-Seed
ajvc
ajvc
26 Feb 2026
Bubble Me
Ecommerce
D2C
B2C
$165K
Pre-Seed
ajvc
ajvc
27 Feb 2026
CURRYiT
Ecommerce
D2C
B2C
$165K
–
Mohit Yadav (Minimalist)
Mohit Yadav (Minimalist)
Source: Inc42
*Including this week as it was skipped last week
**Mix of primary and secondary transactions
Key Startup Funding Highlights Of The Week
Buoyed by Deepindar Goyal-led Temple’s $51 Mn fundraise, the advanced hardware & technology sector topped the funding charts this week. Six startups in the space cumulatively bagged $88 Mn in fresh capital this week.
Ecommerce segment saw the highest 9 deals materialise this week, with ecommerce startups netting $27.1 Mn in funds.
Weekly seed funding soared to $32.5 Mn across 15 deals. This represents an over 4X jump from $8.1 Mn raised by startups at this stage last week.
While Peak XV emerged as the most active startup backer with three investments, prominent investors like Lightspeed, ajvc and 360 One also backed two startups apiece.
Startup Fund Updates Of The Week
Info Edge’s board has approved a commitment of up to ₹250 Cr to B8 Fund I, a Category II AIF focussed on backing growth-stage Indian startups as well as startups with a primary strategic focus on the Indian market.
Sauce.vc closed its second “Opportunities Fund” at ₹750 Cr. Via the fund, it plans to double down on four to six high-growth portfolio startups including Hocco, The Whole Truth, Mokobara, Innovist, XYXX and Supertails.
M&A Updates This Week
Other Developments Of The Week
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