Month: February 2026

Indian Startups Raise $1.2 Billion in February 2026: Funding Doubles Year-on-Year in Strong Rebound

In a powerful signal of renewed investor confidence, Indian startups have raised approximately $1.2 billion in funding during February 2026, marking a 2.2x increase compared to the same month last year.

According to data from market intelligence platform Tracxn, compiled in the ETtech Deals Digest, the funding secured between February 1 and 27 represents a 62.8% jump from January 2026, when startups raised around $777.2 million across 112 rounds .

This surge comes even as the number of funding rounds declined slightly to 128, compared to 170 in February 2025, indicating a trend toward larger, more concentrated deals rather than fragmented small-ticket investments .

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Inside Temple’s Controversial Hiring Criteria: Why Deepinder Goyal Wants Engineers Who Are Also Athletes

Temple, which is building a cutting-edge wearable to track cerebral blood flow and other biomarkers for elite athletes, is recruiting engineers with an unusual twist: candidates must meet specific physical fitness benchmarks, including body fat percentages, alongside strong coding skills .

Those who don’t meet the fitness criteria can still join but will remain on probation until requirements are met. The move has ignited conversations about inclusivity, discrimination, corporate culture, and what it means to build products for high-performance users .

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Indian Founder Forced to Leave Sweden Sparks Debate: Is Europe Losing Global Talent to Bureaucracy?

Abhijith Nag Balasubamanya, founder and CEO of Hydro Space Sweden AB—an agri-tech startup focused on microgreens production to enhance local food security—announced on LinkedIn that he is being forced to leave the country by the end of February 2026. He has sold the company and is returning to India, describing the situation as an “eviction” rather than a voluntary exit .

In a detailed, widely shared post that has resonated across global founder communities, Abhijith accused Sweden’s Migration Agency (Migrationsverket) of operating a “hostile,” “dysfunctional,” and increasingly “xenophobic” system toward foreign entrepreneurs .

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India’s Startup Layoffs Cross 4,500 Since July 2025

India’s startup ecosystem is navigating a tough phase of recalibration. According to aggregated data from industry trackers, media reports, and startup disclosures, over 4,500 employees have been laid off across various companies since July 2025.

This wave of job cuts reflects ongoing cost optimization, restructuring, and a sharper focus on profitability and sustainable unit economics amid tighter global funding conditions, slower growth in certain consumer segments, and rising operational costs .

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Spintly Secures New Funding Led by Accel: Goa’s IoT Pioneer Redefining Smart Building Security Scales Up

In a strong vote of confidence for India’s IoT and enterprise security ecosystem, Spintly—a Goa-based deep-tech startup—has raised a significant new funding round led by Accel to accelerate its mission of building wireless, cloud-native access control and smart building solutions.

The capital infusion will fuel Spintly’s aggressive expansion as it scales its IoT-powered platform across modern commercial offices, co-working spaces, manufacturing facilities, educational campuses, hospitals, and enterprise campuses .

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CoRover Launches Kanha Ji: India’s First Voice-First, Screen-Free AI Companion for Children Powered by BharatGPT

In a landmark move for India’s voice AI ecosystem, CoRover—the company behind the indigenous BharatGPT platform—has unveiled Kanha Ji, a screen-free, voice-first AI companion designed specifically for early childhood development.

Launched on February 26, 2026, Kanha Ji leverages CoRover’s homegrown BharatGPT (their sovereign, multilingual large language model) to create a safe, engaging, and culturally rooted learning buddy that speaks naturally in Hindi, English, and regional Indian languages .

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Tattvam AI Raises $1.7 Million Led by Seedcamp: IIT Madras Alumni-Built Startup Automates Chip Design with Generative AI

In a significant boost to India’s semiconductor ambitions, Chennai-rooted deep-tech startup Tattvam AI has raised $1.7 million in a pre-seed funding round led by European venture capital firm Seedcamp to revolutionize chip design through artificial intelligence.

The funding round, announced on February 25, 2026, also saw participation from EWOR, Entropy Industrial Ventures, Concept Ventures, and renowned semiconductor angel investor Stan Boland (former founder and CEO of Icera and Element 14) .

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Armatrix Raises $2.1 Million Led by pi Ventures

In a significant win for India’s deep-tech robotics ecosystem, Bengaluru-based Armatrix has secured $2.1 million in a seed funding round led by pi Ventures to accelerate its mission of building safer, smarter industrial inspections through innovative snake-like robotic arms.

The funding round, announced on February 25, 2026, also saw participation from Inuka Capital, Boundless Ventures, Boost VC, Turbostart, and returning investor gradCapital . This capital infusion will enable the startup to complete development of its proprietary hyper-redundant, snake-like flexible robotic arm technology, expand its engineering and R&D team, and accelerate pilot deployments with industrial customers .

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Coulomb Litech Secures ₹20 Crore Seed Funding: IIT Kanpur Alumni-Built EV Battery Startup Powers Heavy-Duty Electrification

In a strong vote of confidence for India’s homegrown EV battery ecosystem, Coulomb Litech—a Mumbai-based battery technology startup founded by IIT Kanpur alumni—has raised ₹20 crore in a seed funding round to scale its manufacturing capabilities and expand its footprint in the commercial electric vehicle segment.

The funding round, which attracted interest from high-net-worth individuals (HNIs) and reflects growing investor appetite for deep-tech solutions in India’s clean mobility transition, will be deployed to set up a state-of-the-art manufacturing facility in Navi Mumbai, accelerate research and development, and scale ongoing pilot programs across heavy EV applications .

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