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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 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.
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