This week in Indian startups: 20 July 2026 to 26 July 2026

By Abha Lohia

The five stories that mattered, then every other round of the week.

The five that mattered

1. Ather Energy raises ₹1,300 crore via QIP

   Ather Energy makes electric scooters and sells them across India

2. AI startup Ema in talks to raise $80 million

   Ema provides generative artificial intelligence assistant tools designed to improve efficiency and boost productivity across various workplace functions and…

3. SolarSquare raises $53m in Series C funding round

   SolarSquare installs rooftop solar systems for homes and businesses across India

4. InMobi appoints banks for $1 billion IPO

   InMobi is a mobile advertising company that provides marketing and monetisation solutions to brands and publishers

5. ShareChat plans $400M IPO by 2027

   ShareChat is a social media platform with short-video app Moj and microdrama service

Every other round

• Veriqus Group raises ₹387 crore from Norwest Veriqus Group: Integrated wealth and asset management platform More on Veriqus Group
• Plazza raises $15M in Series A funding Plazza: Pharmacy-first quick-commerce platform More on Plazza
• LNGVTY raises Rs 5 crore seed round led by Rukam Capital LNGVTY: Science-led skincare brand
• Rahul Kumar launches Retner, an AI-powered customer retention platform for e-commerce brands Retner: AI-powered customer retention platform
• Suind raises ₹20.5 crore seed round SUIND: Autonomous drone systems developer More on SUIND
• Black Mass Energies raises pre-seed funding for expansion Black Mass Energies: EV battery recycling startup
• Raghu Vamsi Aerospace raises $40M from Norwest and Skegen Raghu Vamsi Aerospace Group: Precision manufacturing and deep-tech company
• 30 Sundays raises ₹61 crore Series A led by Bessemer Venture Partners 30 Sundays: AI-native travel platform More on 30 Sundays
• FireAI raises ₹2.5 crore from SucSEED Indovation Fund FireAI: Causal decision intelligence platform More on FireAI
• Suminter India Organics raises ₹25 crore debt Suminter India Organics: Organic food ingredients supplier
• Paytm invests ₹100 crore in Paytm Money via rights issue One97 Communications (Paytm): Digital payments and financial services More on One97 Communications (Paytm)
• Soket AI secures ₹177 Cr from IndiaAI Mission for sovereign AI development Soket AI: Indic language open-source AI stack builder More on Soket AI
• Bioscan Research raises $1M seed funding Bioscan Research: Non-invasive brain injury detection devices
• Farm Watt raises ₹32.5 crore from IAN Alpha and Rainmatter Farm Watt Innovations: Biomass aggregation platform More on Farm Watt Innovations
• NeuralKart raises ₹2.35 crore seed funding NeuralKart: AI insurtech and industrial safety startup
• CARPL.ai raises $10 Mn in Series A funding CARPL.ai: AI platform for medical imaging
• Wiffy raises $3M Series A to expand AI workforce management Wiffy: AI field services platform for home brands
• Urban Harvest to raise ₹341.4 crore in Series D funding from 58 investors Urban Harvest: B2B food-tech platform for restaurants and cloud kitchens More on Urban Harvest
• Flam raises INR 38 Cr to expand mixed reality content platform globally Flam: mixed reality content platform More on Flam
• UpKraft raises ₹1.6 crore pre-seed round from PedalStart UpKraft: AI-powered extracurricular learning platform
• BusinessNext raises $40 million in Series C funding at $700 million valuation BusinessNext: AI-led banking software More on BusinessNext
• Veefin Solutions raises ₹35 crore via NCDs Veefin Solutions: Supply chain finance software provider More on Veefin Solutions
• Basil Alliance raises seed funding from Inflexion Point Ventures Basil Alliance: Premium international alco-beverage company
• Mannlich raises first institutional funding Mannlich: Men's skincare brand

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