SUMMARY
Twelve startups raised $58.9 Mn this week, down 82% from the $321.9 Mn from the preceding week.
AJVC was the most active investor this week, backing MoroMaa and Slayd. The VC firm also saw PE firm Novastar Partners as a limited partner for its fund.
Finvolve and Activate raised fresh capital for their funds, Asiana Fund and JC Capital partnered to launch a ₹1,000 Cr deeptech-focused fund.
While the introduction of MDR on UPI dominated India’s new-age tech discourse this week, startup funding fell sharply.
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Fourteen startups raised $58.9 Mn, down 82% from the $321.9 Mn raised last week.
Funding Galore: Indian Startup Funding Of The Week [Sep 14 – Sep 18 ]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
15 Sep 2026
Flam
Enterprise Services
Advertising
B2B
$40 Mn*
Series B
QED Investors, RTP Global, Dovetail Shah Rukh Khan family office, Claypond Capital, Australian Gulf Capital, Martin Chavez (Angel), Olivier Pomel (Angel).
QED Investors
17 Sep 2026
DheyaTech
Advanced Hardware & Technology
Aerial Vehicles
B2B
$5.1 Mn
–
Avaana Capital, Unimech Aerospace and Manufacturing
Avaana Capital
16 Sep 2026
VerifAIX
Advanced Hardware & Technology
Semiconductor
B2B
$5 Mn
Seed
Endiya Partners, Bluehill VC
Endiya Partners, Bluehill VC
16 Sep 2026
Firi
Consumer Services
Quick Commerce
B2C
$3 Mn
Seed
360 ONE Asset, Better Capital, Kunal Shah (WhatsApp)
360 ONE Asset
17 Sep 2026
Enlight Metals
Enterprise Services
Manufacturing Solutions
B2B
$1.5 Mn
–
Exar North Group
Exar North Group
17 Sep 2026
Kiddo
Consumer Services
Quick Commerce
B2C
$1.3 Mn
Pre-Seed
Campus Fund
Campus Fund
16 Sep 2026
TRUE ARTIS
Health Tech
In-Clinic Healthcare
B2C
$1.2 Mn
Seed
Zeropearl VC, Eleven, Sunil Sachdeva (Medanta)
Zeropearl VC
17 Sep 2026
Factrika
Enterprise Services
Manufacturing Solutions
B2B
$928K
Seed
Info Edge Ventures
Info Edge Ventures
17 Sep 2026
Ecosys
Consumer Services
Hyperlocal Services
B2C
$521K
Pre-Series A
GVFL Prarambh Fund, Proteus Partners, Puru Gupta (Angel), Sreejith Moolayil (Angel)
GVFL Prarambh Fund
18 Sep 2026
MoroMaa
Ecommerce
D2C
B2C
$156K
–
AJVC
AJVC
16 Sep 2026
Slayd
Ecommerce
Ecommerce Enablers
B2C
$156K
–
AJVC
AJVC
18 Sep 2026
Beijan
Advanced Hardware & Technology
Defence Tech
B2B, B2G
$156K
–
AJVC
AJVC
15 Sep 2026
Darwinbox
Enterprise Tech
Horizontal SaaS
B2B
–
–
Teachers’ Venture Growth
Teachers’ Venture Growth
18 Sep 2026
Zinara
Ecommerce
D2C
B2C
–
–
Nikita Dutta
Nikita Dutta
Source: Inc42
*Mix of primary and secondary transactions
Key Startup Funding Highlights Of The Week
Enterprise services attracted the most capital this week, with three startups raising $42.5 Mn. Advertising services startup Flam accounted for the bulk of this funding with the week’s largest round of $40 Mn.
Consumer services recorded three deals, with startups in the sector raising a total of $4.8 Mn.
AJVC was the most active investor this week, backing MoroMaa, Beijan and Slayd. The VC firm also saw PE firm Novastar Partners as a limited partner for its fund.
Five startups at the seed stage raised about $10.1 Mn, led by VerifAIX’s $5 Mn round.
Startup Fund Updates This Week
Startup IPO Updates Of The Week
SEBI cleared the IPOs of Kuku Technologies and Fibe this week.
Rentomojo made a strong listing this week after receiving an overwhelming investor interest, giving hefty returns to early backers like Accel.
After receiving SEBI approval for its IPO, Moneyview has now halved the fresh issue component to ₹750 Cr and trimmed the offer for sale (OFS) component to 10.04 Cr equity shares.
With greater clarity around the monetisation of UPI payments, PhonePe is set to revive its IPO plans. Inc42 learnt that the company would be looking to file its updated IPO papers for an IPO that could value it at about $10 Bn. The company is now targeting a listing between February-March 2027.
Other Developments Of The Week
Coursera-backed edtech startup Unstop acquired gaming startup PerspectAI for an undisclosed sum this week. The acquisition adds a combination of gaming and data science to Unstop’s engagement and hiring platform.
Over a month after Yulu’s $93 Mn Series C round, its early-backer 3one4 Capital announced that the round gave it a “successful, profitable” exit from the startup. The investor didn’t disclose who was the buyer of its stake in the secondary transaction.
Eyewear major Lenskart upped its stake in XR startup AjnaLens’ parent Dimension NXG with an ₹8 Cr investment to acquire an additional 1.8% stake in the startup.
PB Fintech’s board approved the acquisition of the remaining 20% stake in MyLoancare Ventures for ₹5 Cr to make it a wholly owned subsidiary. The board also approved capital infusions of up to ₹10 Cr into PB Wheels and ₹1 Cr into PB Financial Account Aggregator, both wholly owned subsidiaries.
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