Indian startups raised approximately $147.64 million across 23 funding deals during the week of January 26–31, 2026, marking a sharp slowdown in venture capital activity compared to the previous week. The funding included 4 growth-stage deals and 19 early-stage deals, while three startups did not disclose deal values.
In comparison, 47 startups had raised around $354 million in the preceding week, underlining a significant week-on-week decline in capital inflows.
Funding Snapshot (Jan 26–31)
Total funding: $147.64 million
Total deals: 23
Growth-stage deals: 4
Early-stage deals: 19
Undisclosed deals: 3
Growth-Stage Deals: $77.8M Across Four Rounds
Growth-stage funding accounted for $77.8 million, driven by fintech, aerospace, healthtech, and legaltech startups.
Easy Home Finance, a Mumbai-based home loan lender, raised $30 million in a Series C round led by Investcorp.
JJG Aero, an aerospace manufacturing startup, secured $30 million in Series B funding from Norwest Venture Partners.
4baseCare, a precision oncology startup, raised Rs 90 crore (~$9.8 million) in the first close of its Series B, co-led by Ashish Kacholia and Lashit Sanghvi, with participation from existing investor Yali Capital.
SpotDraft, a legaltech startup, raised $8 million in a Series B extension from Qualcomm Ventures.
Early-Stage Deals: $69.84M Across 19 Rounds
Early-stage startups collectively raised $69.84 million, with spacetech and deeptech deals leading the pack.
The Guild (formerly EtherealX), a spacetech startup, raised $20.5 million in a Series A round led by TDK Ventures and BIG Capital, with participation from Accel, Prosus, Yournest, Campus Fund, BlueHill, and Riceberg.
Agrani Labs, a Bengaluru-based AI semiconductor startup, raised $8 million in a seed round led by Peak XV Partners.
Nivaan Care, a healthtech startup, raised $7 million from Sorin Investments, W Health Ventures, Endiya Partners, and Rebright Partners.
Other startups securing funding included Vimag Labs (deeptech), Cava Athleisure (consumer wear), and a rare earth metals manufacturer, among others.
Additionally, SBC LLP (legaltech), TakeTwo (AI), and Sanyark Space (spacetech) raised capital during the week, though funding amounts were not disclosed.
City-Wise Funding Activity
Bengaluru led the ecosystem with 14 deals
Delhi-NCR followed with 5 deals
Hyderabad recorded 2 deals
Mumbai and Chennai secured one deal each
Segment-Wise Funding Trends
Deeptech led with 6 deals
AI followed with 4 deals
Other active sectors included healthtech, fintech, aerospace, legaltech, e-commerce, and consumer brands
Series-Wise Breakdown
Seed rounds: 8 deals
Series A: 5 deals
Pre-seed: 5 deals
Series B, Series C, and pre-Series A also recorded activity, though at lower volumes
Week-on-Week Funding Trend
Startup funding declined 58% week-on-week, falling to $147.64 million from approximately $353.81 million raised in the previous week.
Average weekly funding (last 8 weeks): ~$192.27 million
Average deal count: ~24 deals per week
The sharp dip was largely due to the absence of large-ticket late-stage rounds and a lower number of total deals.
Market Outlook
While deals were recorded across stages—from pre-Series A to Series C—the reduced ticket sizes highlight continued caution among investors. Funding momentum in India remains uneven, with venture capital inflows in 2025 declining 11% year-on-year, signalling that the ecosystem is still navigating a prolonged funding winter.
