SUMMARY
Indian startup funding stood at $200.2 Mn across 31 deals, up 42% from the preceding week
Between February 16 and 20, 16 startups collectively raised $118.3 Mn — a sharp 69% drop from the $200.2 Mn secured across 31 deals in the preceding week
Peak XV and Tenacity were the most active investors this week, backing two startups apiece
Despite a slew of positive announcements at the ongoing India AI Impact Summit this week, fresh capital inflow into the Indian startup ecosystem remained subdued.
Between February 16 and 20, 16 homegrown startups collectively raised $118.3 Mn — a sharp 69% drop from the $200.2 Mn secured across 31 deals in the preceding week.
However, the overall funding number received a major boost from Spinny’s $170 Mn Series G round, which was reported last Saturday (February 14). Including the mega funding round, Indian startup funding zoomed 42% week-on-week to $285.3 Mn.
Funding Galore: Indian Startup Funding Of The Week [Feb 16 – 20]
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 14 Feb 2026* | Spinny | Ecommerce | Vertical Marketplace | B2C | $170 Mn | Series G** | Fidelity Investments, Accel | Fidelity Investments, Accel |
| 18 Feb 2026 | Stable Money | Fintech | Investment Tech | B2C | $25 Mn | Pre-Series C | Peak XV Partners, Z47, RTP Global, Lightspeed, Fundamentum Partnership | Peak XV Partners |
| 18 Feb 2026 | Statiq | Clean Tech | Electric Vehicles | B2B | $18 Mn | – | Tenacity Ventures, Y Combinator, Shell Ventures, RCD Holdings | Tenacity Ventures |
| 20 Feb 2026 | Portkey | AI | Application Layer | B2B | $15 Mn | Series A | Elevation Capital, Lightspeed | Elevation Capital |
| 16 Feb 2026 | C2i Semiconductors | Advanced Hardware & Technology | Semiconductor | B2B | $15 Mn | Series A | Peak XV Partners, TDK Ventures, Yali Capital | Peak XV Partners |
| 18 Feb 2026 | Vervesemi | Advanced Hardware & Technology | Semiconductor | B2B | $10 Mn | Series A | Ashish Kacholia (Lucky Investment), Unicorn India Ventures, Roots Ventures, Caperize Fina, MAIQ Growth Scheme | Ashish Kacholia (Lucky Investment), Unicorn India Ventures |
| 18 Feb 2026 | Peptris | Health Tech | Lifescience | B2B | $7.7 Mn | Series A | IAN Alpha Fund, Speciale Invest, Tenacity Ventures, BYT Ventures | IAN Alpha Fund, Speciale Invest |
| 17 Feb 2026 | HomeRun | Consumer Services | Quick Commerce | B2B | $6.6 Mn | Series A | Sorin Investments, Titan Capital, Sparrow Capital, Consumer Collective, Helios Holdings | Sorin Investments |
| 20 Feb 2026 | Myelin Foundry | AI | Application Layer | B2B | $5.3 Mn | – | ASM Technologies | ASM Technologies |
| 17 Feb 2026 | ToneTag | Fintech | Banking | B2B | $3.8 Mn | – | Qualcomm Ventures | Qualcomm Ventures |
| 17 Feb 2026 | CraftifAI | AI | Application Layer | B2B | $3 Mn | Seed | Ankur Capital, IvyCap Ventures, Capital-A, Antler | Ankur Capital |
| 19 Feb 2026 | Pluto Mobility | Clean Tech | Electric Vehicles | B2B | $2 Mn | Seed | Version One Ventures, Grad Capital | Version One Ventures |
| 17 Feb 2026 | Intrinsic Foundries | Clean Tech | Climate Tech | B2B | $1.4 Mn | Seed | Transition VC | Transition VC |
| 16 Feb 2026 | Otto Money | Fintech | Investment Tech | B2C | $1.3 Mn | Pre-Seed | Pravega Ventures | Pravega Ventures |
| 17 Feb 2026 | Beep | Edtech | Digital Learning Platform | B2C | $850K | Pre- Series A | Knowhere Ventures, Pacific Global Solutions, LeadAngels FLV, Vipul Prakash (wowJobs), Sandeep Johri (Checkmarx) | – |
| 20 Feb 2026 | Roopya | Fintech | Fintech SaaS | B2B | $440K | Seed | Inflection Point Ventures | Inflection Point Ventures |
| 20 Feb 2026 | CoreShield Technologies | Advanced Hardware & Technology | Defence Tech | B2G | – | Seed | ThinKuvate | ThinKuvate |
| Source: Inc42 *Including this week as it was skipped last week **Mix of primary and secondary transactions | ||||||||
Key Startup Funding Highlights Of The Week
- Ecommerce continued to dominate the overall funding trends this week on the back of Spinny’s mega round.
- Advanced hardware & technology sector, which houses innovations in segments like deeptech and spacetech, saw the highest number of four deals materialise this week. Startups in the space cumulatively raised $26 Mn.
- AI and enterprise tech sector clocked three deals each this week, translating to a capital infusion of $23 Mn and $30 Mn, respectively.
- While B2C segments lapped up about 70% of the total funds poured into the ecosystem, 13 B2B startups bagged the remainder of the funds.
- Peak XV and Tenacity were the most active investors this week, backing two startups apiece.
Startup Fund Updates Of The Week
- Peak XV announced three maiden funds, India Seed, India Venture and APAC Funds, the VC firm’s first independent funds after separating from Sequoia Capital in 2023. The VC giant also claimed that it has closed commitments to the tune of $1.3 Bn for the three funds.
- Suhail Sameer-led OTP Ventures announced the final close of its maiden venture fund at ₹500 Cr. The fund, which had initially set out to raise ₹400 Cr, exceeded its target following a 17-month fundraising exercise.
- VC firm ValleyNXT Ventures launched its maiden fund, with a target corpus of ₹200 Cr (about $22 Mn) and a greenshoe option of ₹200 Cr to back early-stage deeptech startups. The firm plans to back spacetech, defence tech, robotics, AI/ML, cybersecurity, biotech, sustainability, and consumer innovation startups via the fund.
- Equirus Group announced the final close of its maiden early-stage VC fund, Equirus InnovateX Fund, at ₹166 Cr. It aims to back up to 15 startups operating in sectors like SaaS, deeptech, fintech, among others
Other Developments Of The Week
- AI cloud infrastructure startup Neysa entered into a definitive agreement with Blackstone and others, for a $600 Mn equity funding and a separate $600 Mn raise through debt financing. This took the total size of round to $1.2 Bn.
- LetsVenture-backed startup Klassroom filed its DRHP with the BSE for an SME IPO. The public issue will comprise a fresh issue of up to 19.89 Lakh equity shares and an offer-for-sale (OFS) component of up to 4.66 Lakh equity shares.
- Listed OTA Easemytrip is planning to undertake a fresh fund raise of up to ₹500 Cr to expand its presence across non-core segments. The fundraise is expected to happen over multiple tranches, and will include modes like rights issue, QIP, preferential issue or private placement.
- General Catalyst announced plans to invest $5 Bn in Indian startups over the next five years. It will look to invest in startups across AI, healthcare, defence tech, fintech, and consumer technology over the coming years
- American computing giant Qualcomm announced plans to invest $150 Mn in Indian startups through its investment arm, Qualcomm Ventures. It will target investments in startups that are building AI solutions for use in automotive, IoT, robotics, and mobile sectors.
