When you hear the name Deepinder Goyal, your mind likely jumps to late-night food cravings, lightning-fast deliveries, and the ubiquitous Zomato logo. As the founder of one of India’s most disruptive consumer internet companies, Goyal has been synonymous with the hyperlocal revolution. But if the startup ecosystem has taught us anything, it’s that the best founders are never satisfied with the status quo.
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Recent developments across the ecosystem show how quickly AI is being woven into financial services startups, delivering real improvements in efficiency, security, and user experience. From customer support chatbots to fraud detection algorithms, from credit underwriting to regulatory compliance, AI is fundamentally reshaping how financial services are delivered to India’s 1.4 billion people .
Venture funds are clearly voting with their capital: Lightspeed reports approximately 60% of its recent Indian portfolio deals are in applied AI, with fintech being one of the heaviest verticals . Peak XV, Accel, and General Catalyst (with its $5 billion India pledge) continue to write large checks into AI-native or AI-transformed financial platforms .
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According to multiple reports, security agencies are in advanced discussions with private companies to build satellites capable of escorting, protecting, and countering orbital threats to high-value Indian spacecraft . The initiative represents a significant milestone in India’s evolving space policy, shifting from purely government-led missions to deep public-private collaboration in national security applications .
Private players are now being trusted with sensitive, high-stakes defence-adjacent technologies, reflecting growing confidence in the domestic New Space ecosystem. The first test satellite is expected to launch in the first half of 2026, with additional launches planned by the end of this year or early next year .
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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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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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In one of the most anticipated startup launches of the year, Zomato founder Deepinder Goyal’s new health-tech venture, Temple, has
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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 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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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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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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