This week in Indian startups: 3 August 2026 to 9 August 2026

By Abha Lohia

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

The five that mattered

1. Sarvam raises $300M Series B at $1.5B valuation

   Sarvam builds AI infrastructure, foundation models, and enterprise products for banking, insurance, and government

2. Skyroot Aerospace seeks $200 million funding at $2 billion valuation

   Skyroot Aerospace builds on-demand launch vehicles for small satellites, targeting dedicated orbital missions

3. River Mobility raises $120M Series C

   River Mobility makes electric scooters, with its flagship model River Indie

4. OfBusiness plans $800m IPO for November 2026 listing

   OfBusiness is a B2B commerce platform that helps small businesses buy raw materials and get financing

5. Sebi approves Oravel Stays' ₹6,650 crore IPO

   OYO operates a hotel booking platform with over 175,000 properties across 35+ countries

Every other round

• RoadGrid secures Rs 13 crore grant for manufacturing facility RoadGrid: EV charging hardware developer More on RoadGrid
• Matel raises ₹130 crore in Series B funding Matel Motion and Energy Solutions: EV and industrial motor maker More on Matel Motion and Energy Solutions
• Greaves Electric Mobility raises ₹530 crore via rights issue Greaves Electric Mobility: Electric two-wheeler and three-wheeler maker More on Greaves Electric Mobility
• Kaapi Machines raises ₹50 crore from Sedna HoReCa Kaapi Machines: Coffee equipment distributor and services
• Matel Motion raises ₹130 crore Series B for expansion Matel Motion and Energy Solutions: Motors and powertrains for EVs and industry More on Matel Motion and Energy Solutions
• NYAI raises $1.5M seed for legal AI platform NYAI: AI-native legal infrastructure platform More on NYAI
• Superleap raises ₹36 crore in pre-series A round Superleap: AI-native enterprise CRM platform
• Kily raises Rs 30 crore seed round Kily: Agentic enterprise AI for e-commerce More on Kily
• Zoppler Systems raises Rs 6.5 crore from Finvolve Zoppler Systems: Defence and dual-use technology firm
• Vaaree raises ₹65 crore in Series A funding Vaaree: Home décor and furnishings marketplace
• Simplismart raises ₹97 crore in Series B round Simplismart: AI infrastructure software for model deployment More on Simplismart
• GetVantage raises Rs 63 crore in Series A1 GetVantage: B2B fintech platform for MSMEs More on GetVantage
• Adiabatic Technologies raises ₹8.3 crore seed funding Adiabatic Technologies: Custom lithium-ion battery packs
• Zanskar in talks to raise ~$6 Mn led by Bessemer Zanskar: Tech-led pain management platform More on Zanskar
• Vingo raises Rs 10 crore seed funding Vingo: C2C marketplace for pre-owned goods
• Typsy Beauty raises ₹20 crore from Saama Capital Typsy Beauty: D2C cosmetics brand
• InRisk Labs raises $27 million in Series A round co-led by Bessemer and Northpoint Capital InRisk Labs: reinsurance tech platform
• Hulp raises $2.6m seed round for AI home help Hulp: AI and human household assistance service
• Mitti Labs raises $9.5 million Series A Mitti Labs: GeoAI platform for rice farming More on Mitti Labs
• Optimist in talks to raise ~$10 Mn from TDK Ventures Optimist: Air conditioners for Indian conditions More on Optimist
• Pinegap raises $8 million Series A from Stellaris Pinegap: AI equity research platform for institutions
• Solinas raises $5.5M for robot water inspection Solinas Integrity: Robotics for water infrastructure More on Solinas Integrity
• Consint.AI raises ₹22 crore in Series A funding Consint.AI: AI-powered healthcare and insurance risk management More on Consint.AI
• Get My Parking raises Rs 40 crore extended Series A Get My Parking: AI and IoT parking management solutions More on Get My Parking
• HomeRun raises $12M for construction quick commerce HomeRun: Quick commerce for construction materials More on HomeRun
• MiQ raises undisclosed Series A funding MiQ: Digital marketing analytics platform More on MiQ
• Nazara raises ₹734 crore via preferential issue Nazara Technologies: Gaming company More on Nazara Technologies
• Amigo raises ₹4.5 crore pre-seed from Foxhog Amigo: Food search and delivery startup
• Molbio raises Rs 281.5 crore from anchors Molbio Diagnostics: Pre-IPO anchor book More on Molbio Diagnostics
• Triangle Group raises $15M in seed funding Triangle Group: Live entertainment platform for Asia-Pacific More on Triangle Group
• Fixxly raises $5.5M seed for AI building material delivery Fixxly: AI quick commerce for building materials
• Yaanendriya raises ₹15 crore seed round Yaanendriya: Navigation and sensor systems for drones and robots
• BlissClub raises ₹160 Cr Series B led by Singularity AMC BlissClub: D2C athleisure and functional apparel brand More on BlissClub
• PayGlocal raises Rs 36.38 crore from existing investor BEENEXT PayGlocal: Cross-border payment infrastructure for businesses More on PayGlocal
• Vasuki India raises ₹100 crore under Vasuki XVI Vasuki India: SEBI-registered Category III AIF
• Benne raises ₹35 crore in pre-Series A funding round Benne: Bengaluru-style dosa quick-service restaurant chain More on Benne
• M2P raises Rs 100 crore debt from Alteria Capital M2P Fintech: AI banking infrastructure provider More on M2P Fintech

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