India’s startup funding market opened September on a softer note, extending its decline for a second straight week. Between August 31 and September 4, 22 startups raised a combined $176.5 Mn, down 16% from the $210.3 Mn raised across 23 deals in the previous week.
Healthtech and cleantech accounted for most of the week’s funding, raising a combined $120.8 Mn across nine deals. Together, they captured nearly 68% of the total raised by Indian startups during the week.
Funding Galore: Indian Startup Funding Of The Week [Aug 31– Sep 4 ]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
3 Sep 2026
Ultrahuman
Health Tech
Fitness & Wellness
B2C
$70 Mn
–
Qualcomm Ventures, Alpha Wave, Blume, Nexus, Alteria
–
1 Sep 2026
Yuma Energy
Clean Tech
Electric Vehicles
B2B2C
$35 Mn
Series A
Magna International
Magna International
4 Sep 2026
SUGAR Cosmetics
Ecommerce
D2C
B2C
$15.3 Mn
–
A91 Partners
A91 Partners
2 Sep 2026
Cradlewise
Ecommerce
D2C
B2C
$12 Mn
Series A
3one4 Capital, Prudent Investment Management.
3one4 Capital, Prudent Investment Management.
4 Sep 2026
Comet
Ecommerce
D2C
B2C
$10.6 Mn
Series B
Verlinvest, Elevation Capital, Nexus Venture Partners, Ajit Mohan (Snapchat), Abhiraj Singh Bhal (Urban Company), Anand Ahuja (Bhaane)
Verlinvest
1 Aug 2026
Kepler Aerospace
Advanced Hardware & Technology
Space Tech
B2B, B2G
$8 Mn
Seed
Blue Ashva Capital, Finvolve, India Accelerator,
Blue Ashva Capital
2 Sep 2026
Aeron Systems
Advanced Hardware & Technology
Space Tech
B2B, B2G
$4.7 Mn
Pre-Series B
Riverwalk Holdings, MGF-Kavachh
Riverwalk Holdings, MGF-Kavachh
1 Sep 2026
Zenergize
Clean Tech
Electric Vehicles
B2B
$4 Mn
Pre-Series A
Giraffe Studios, Nikhil Sawhney (Triveni Turbine), Varun Agarwal (Ellenbarrie) , Shyam Bagri (Bagrry’s Holdings), Raoul Bajaj (Trafigura), Sunil Kalra, Ajith Pai (ex-Delhivery), Sandeep Barasia (ex-Delhivery) , Nitin Jain (Neo Group), Hemant Daga (New Bank CEO)
Giraffe Studios
1 Sep 2026
Minimac Systems
Clean Tech
Climate Tech
B2B
$3.2 Mn
–
Rainmatter
Rainmatter
1 Sep 2026
Alteon
Advanced Hardware & Technology
Aerial Vehicles
B2B, B2G
$2.5 Mn
Pre-Seed
Lachy Groom, Together Fund
Lachy Groom
4 Sep 2026
Medulance
Health Tech
–
B2B2C, B2G
$2.5 Mn
Series A
Auxano Capital, Alkemi, Equentis
–
31 Aug 2026
YOGa Clean Air
Clean Tech
Climate Tech
B2B2C
$2.1 Mn
Series A
Info Edge Ventures, Deepider Goyal (Zomato), Three Words Capital
Info Edge Ventures
2 Sep 2026
DocPharma
Health Tech
–
B2B
$2 Mn
Pre-Series A
Equentis,100Unicorns, Vinners
Equentis
4 Sep 2026
Leanwatts
Clean Tech
Electric Vehicles
B2B, B2C
$2 Mn
Seed
Trivest Partners, Abraham George, Alok Rungta
Trivest Partners
3 Sep 2026
Makr Microsystems
Advanced Hardware & Technology
Semiconductor
B2B
$1.1 Mn
Seed
Bluehill VC, Artha Venture Fund
Bluehill VC
1 Sep 2026
72 Street
Fintech
Invest Tech
B2C
$480K
–
–
–
1 Sep 2026
Oppex AI
AI
Application Layer
B2B
$445K
Pre-Seed
Info Edge Ventures
Info Edge Ventures
2 Sep 2026
Creedom
AI
Application Layer
B2C
$434K
31 Aug 2026
CHINI KUM
Ecommerce
D2C
B2C
$174K
–
–
–
1 Sep 2026
SpeakX
Edtech
Digital Learning Platform
B2C
–
–
MS Dhoni (cricketer)
MS Dhoni
1 Sep 2026
WLDD
Enterprise Services
Advertising
B2B
–
–
Adfactors, Vikas Khemani (Carnelian Asset Management & Advisors)
Adfactors
1 Sep 2026
xStep
Health Tech
–
B2C
–
–
Titan Capital
Titan Capital
Source: Inc42
Key Startup Funding Highlights Of The Week
- Healthtech was the most funded sector this week, with four startups raising a combined $74.5 Mn. The strong week for the sector was largely a one-startup story. Ultrahuman’s $70 Mn round made up 94% of the sector’s total funding.
- Cleantech trailed healthtech with five startups raising $46.3 Mn this week. Yuma Energy’s $35 Mn fundraise provided the biggest boost, accounting for a substantial chunk of the sector’s haul.
- Beyond the top two sectors, advanced hardware and technology and ecommerce segments saw four funding deals materialise apiece.
- Early-stage funding remained active, with six startups collectively raising around $12 Mn across seed, pre-seed and pre-Series A rounds. The week also saw three startups raise undisclosed amounts in equity.
- On the investor front, Equentis and Info Edge Ventures were the week’s most active backers, participating in two startup deals each.
Startup M&As This Week
- upGrad completed the acquisition of Unacademy for just over $200 Mn, marking a more than 90% drop from its $3.5 Bn peak valuation in 2021.
- Adobe acquired Peak XV Partners’ backed startup Rilo, backed by Peak XV Partners, for an undisclosed amount. It is Adobe’s second Indian startup acquisition after Rephrase.ai in 2023.
- Niyo agreed to acquire Capital India Finance’s RemitX business for ₹11.4 Cr, expanding its forex and cross-border payments play.
- Truemeds is said to be eyeing the buy out of ecommerce unicorn DealShare via a share-swap deal that could value it at over $90 Mn, far below its $1.7 Bn peak valuation.
Startup IPO Developments This Week
- After an overwhelming investor response to its IPO, AI cloud provider ESDS Software Solution made a strong public market debut, listing at an over 75% premium on the bourses. The stock closed at ₹908.4, gaining 111.7% on its first trading day.
- After ESDS, Yotta Data Services is also planning to go public. The company is likely to file its draft papers with SEBI by October, eyeing the raise of up to $1.5 Bn via its IPO.
- Pernia’s Pop-Up Shop’s parent Purple Labs ₹680 Cr IPO was oversubscribed by 1.29X on the final day, with retail investors leading demand at 1.57X. The shares are set to list on Monday (September 7).
Other Developments Of The Week
- Fintech unicorn-turned-SFB slice is reportedly raising around $100 Mn at a $450 Mn-$465 Mn valuation, down sharply from its previous $1.25 Bn valuation. The round could see participation from Neo Group, Kado Global and Moore Strategic Ventures.
- Jagdish Farshan has raised ₹43.5 Cr ($4.6 Mn) in its first institutional round, led by Sharrp Ventures and angel investors, as the 88-year-old brand looks to expand through quick commerce.
The post From Ultrahuman To Comet — Indian Startups Raised Over $177 Mn This Week appeared first on Inc42 Media.
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