Startup Funding

Ahmedabad-based precision liquid cooling startup KuhlTherm has raised $1.1 million in a seed round led by Arkam Ventures. The capital will accelerate product development, R&D, and team expansion as the company scales its cooling solutions for AI data centres and high-performance computing infrastructure.

Bengaluru-based foundational protein design startup Mandrake Bio has raised ₹16 crore in a pre-seed round co-led by Activate and Antler, as publicly reported on 2026-07-16. The capital will advance its AI-driven platform for designing programmable gene-editing enzymes for agriculture and healthcare applications.

Bengaluru- and San Francisco-based AI hardware startup Aina has raised $5.5 million in a seed round co-led by Redstart Labs (Info Edge) and 360 ONE Asset to develop a general-purpose, context-aware interface for the age of AI — going beyond touchscreens and keyboards. The round drew participation from institutional investors and a high-profile roster of angel investors from India's startup ecosystem.

AI software engineering startup Vorflux has raised $15 Mn in a seed round led by Peak XV Partners, with participation from Y Combinator, Powerset, Alliance, and prominent Silicon Valley founders. Founded by Rippling co-founder Prasanna Sankar, Vorflux aims to replace AI coding copilots with a fully autonomous autopilot for the entire software development lifecycle.

Aurum PropTech has signed a binding agreement to acquire Locon Solutions, the parent of Housing.com, from REA India in an all-equity share-swap deal valued at ₹458 crore. The transaction aims to create an AI-native real estate operating system spanning property discovery, transactions, financing, and rentals in India.

Elevation Capital has closed its ninth India-focused venture capital fund at $500 million, targeting AI-first startups at the Seed and Series A stages. Combined with its $400 million Elevation Holdings vehicle, the firm now commands $900 million in deployable capital for the Indian ecosystem.

InsuranceDekho's parent Girnar Insurance Brokers has selected HSBC, Morgan Stanley, ICICI Securities, and IIFL Capital Services as IPO advisers, targeting up to $400 million in proceeds. The merged entity with RenewBuy plans to file its DRHP by the end of September 2026.

Naturis Cosmetics, a Jammu-based beauty and personal care contract manufacturer, has raised ₹33.74 Cr (approximately USD 3.5 million) in its maiden Seed round led by Sharrp Ventures, with participation from Mirabilis Investment Trust, as publicly reported on 2026-07-13.

Early backer Augusta TBO (Singapore) Pte Ltd. sold a 2.04% stake in listed B2B travel tech platform TBO Tek via open-market transactions on 13 July 2026, with the deal estimated at ~₹327.5 crore based on the stock's last closing price. The transaction trims Augusta TBO's holding from 5.54% to 3.5%.

Viatris subsidiary Mylan has launched a ₹3,481 crore (approximately $363 million) block deal to fully exit its 5.64% stake in Bengaluru-based biopharmaceutical company Biocon. The secondary sale, announced on 13 July 2026, was executed with Citigroup Global Markets India and Jefferies India acting as joint bookrunners.

Hyderabad-based Dhruva Space has secured ₹60 crore in a Bridge Round from the Antariksh Venture Capital Fund (AVCF), the government-backed fund's first-ever investment. The deal takes the company's ongoing pre-Series B round to ₹275 crore in total capital raised.

AI-powered edtech startup sortmyprep has closed a $350,000 pre-seed round backed by a group of Indian and global angel investors, including Boman Irani and Sameer Mehta. The capital will go towards strengthening the company's vertical AI infrastructure, expanding curriculum coverage, and accelerating growth in India and international markets.