Business

From Temple To Constelli — Indian Startups Raised $220 Mn This Week

By Samira Vishwas
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.

Funding Galore: Indian Startup Funding Of The Week (Feb 23 – 27)

DateNameSectorSubsectorBusiness ModelFunding Round SizeFunding Round TypeInvestorsLead Investor
27 Feb 2026TempleAdvanced Hardware & TechnologyInternet Of Things (IoT) & HardwareB2C$54.1 Mn–NK Squared, Steadview Capital, Peak XV Partners, Deepinder Goyal–
27 Feb 2026ConstelliAdvanced Hardware & TechnologyDefence TechB2B, B2G$20 Mn–General Catalyst, 360 One Asset Management, Pravega VenturesGeneral Catalyst
23 Feb 2026WishlinkMedia & EntertainmentCreator EconomyB2B$17.5 MnSeries BVertex Ventures Southeast Asia & India, Foundation, Elevation CapitalVertex Ventures Southeast Asia & India
24 Feb 2026XFlowFintechBankingB2B$16.6 MnSeries AGeneral Catalyst, Square Peg, Stripe, Lightspeed, Moore Capital, PayPal VenturesGeneral Catalyst
26 Feb 2026CelebrationFintechLending TechB2B$12.1 MnSeries APeak XV PartnersPeak XV Partners
26 Feb 2026MeltPlanAIApplication LayerB2B$10 MnSeedBessemer Venture Partners, NoaBessemer Venture Partners
26 Feb 2026GushworkAIApplication LayerB2B$9 MnSeedSusquehanna Asia VC, Lightspeed, B Capital, Seaborne Capital, Beenext, Sparrow Capital, 2.2 CapitalSusquehanna Asia VC
26 Feb 2026SpintlyAdvanced Hardware & TechnologyInternet Of Things (IoT) & HardwareB2B$8 MnSeries AAccel, Enrission India Capital, SucSEED Ventures, Alumni Ventures, Chakra Growth FundAccel
25 Feb 2026HomeEssentialsEcommerceD2CB2C$7.7 MnPre-Series B360 ONE Asset Management, India Quotient360 ONE Asset
25 Feb 2026ZeroHarmEcommerceD2CB2C$7.2 Mn–Kotak Alternate Asset Managers, Alkemi Growth CapitalKotak Alternate Asset Managers, Alkemi Growth Capital
26 Feb 2026FREEDFintechLending TechB2C$6.6 Mn–Aavishkaar Capital, Sorin Investments, Piper Serica, Sattva VenturesAavishkaar Capital
25 Feb 2026WootzworkEnterprise ServicesManufacturing SolutionsB2B$6.6 MnSeries AZ47, Nexus Venture Partners, AdvantEdge Founders, Stride VenturesZ47
23 Feb 2026MyDesignationEcommerceD2CB2C$4.8 MnSeries ARPSG Capital Ventures and Veltis Capital, Multiply Ventures, Dominor InvestmentsRPSG Capital Ventures, Veltis Capital
27 Feb 2026GrievousClean Tech–B2B$4.7 MnSeedAtha Group Family Office, Misra Group Family OfficeAtha Group Family Office, Misra Group Family Office
25 Feb 2026PulseHealth TechMedical EquipmentsB2B$4 MnSeed3one4 Capital, Incubate Fund Asia, Stride Ventures3one4 Capital
24 Feb 2026ChewEcommerceD2CB2C$3.7 MnPre-SeedSpring Marketing CapitalSpring Marketing Capital
24 Feb 2026Kris@WorkAIApplication LayerB2B$3 MnSeedInfo Edge Ventures, JN Capital, Growth Advisory (Singapore)Info Edge Ventures
24 Feb 2026OncarHealth TechIn-Clinic HealthcareB2B$3 MnSeries ASky Impact Capital, Huddle Ventures, Lotus Herbal Group, SteerX, Tremis CapitalSky Impact Capital
23 Feb 2026MoiraLogisticsLogistics SaaSB2B$3 Mn–IAN Group, 1CrowdIAN Group
24 Feb 2026DATEAdvanced Hardware & TechnologyInternet Of Things (IoT) & HardwareB2B$2.8 MnSeries ABig Capital JSC, IvyCap Ventures, YourNest Venture CapitalBig Capital JSC
26 Feb 2026Companion LabsAIApplication LayerB2C$2.5 MnSeedSurge (Peak XV), All in Capital, DeVC, Untitled VCSurge (Peak XV)
25 Feb 2026ArmatrixAdvanced Hardware & TechnologyRoboticsB2B$2.1 MnPre-Seedpi Ventures, Inuka Capital, Boundless Ventures, Boost VC, Turbostart, gradCapitalpi Ventures
24 Feb 2026HireBoundEnterprise TechHorizontal SaaSB2B$2 MnSeedKalaari Capital, Antler, Infinyte Club, CareerNetKalaari Capital
24 Feb 2026BasilEcommerceD2CB2C$2 MnPre-Series APrime Venture Partners, Appreciate Capital, IIMA VenturesPrime Venture Partners
25 Feb 2026TattvamAIApplication LayerB2B$1.7 MnPre-SeedSeedcamp, EWOR, Entropy Industrial Ventures, Concept Ventures, Stan Boland (Angel Investor)Seedcamp
26 Feb 2026FlabsAIApplication LayerB2B$1.2 Mn–India QuotientIndia Quotient
27 Feb 2026The ArtmentEcommerceD2CB2C$1.1 MnPre-Series AIAN GroupIAN Group
23 Feb 2026HycosysAdvanced Hardware & TechnologyInternet Of Things (IoT) & HardwareB2B$1 MnSeedMountTech Growth FundMountTech Growth Fund
25 Feb 2026Gut ClinicHealth TechIn-Clinic HealthcareB2C$1 MnSeedAmitoj Singh (University of Arizona), Aman Rajpal (University of California), Ankur Kathuria (Alpha Wave Global), Juhi Bhatnagar (Forj Capital), Deepak Garg (RIL)–
26 Feb 2026NailniteEcommerceD2CB2C$330KPre-SeedGruhas 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 (Photo.AI), Amishi Parasrampurian (The Whole Truth).Gruhas Collective Consumer Fund, Mars Shot VC
25 Feb 2026An accidentFintechBankingB2C$165KPre-Seedajvcajvc
26 Feb 2026Bubble MeEcommerceD2CB2C$165KPre-Seedajvcajvc
27 Feb 2026CURRYiTEcommerceD2CB2C$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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