Indian startups raised over $242 million from August 10 to August 15, 2026; Yulu tops the list

Between August 10 to August 15, 2026, as many as 13 Indian startups from diverse sectors raised over $242 million in funding from investors. That is 4% down week-on-week from $252 million recorded in the previous week, when River Mobility raised $120 million. Bengaluru-based electric mobility startup Yulu topped this week's chart with a $93 million round from GEF Capital Partners, accounting for nearly 38% of the week's total capital. Four rounds crossed $20 million this week, and Yulu, Sigma Advanced Systems, Blacksmith and Centricity accounted for most of the week's capital between them. Sigma Advanced Systems raised $48.03 million for its defence and aerospace manufacturing business, while Blacksmith closed a $45 million round to grow its software testing platform. The sectors that got funded this week include Semiconductors, Healthtech, Edtech, EV, Foodtech, Fintech, Homecare, Devtools, Defencetech, Logistics. Funding Fusion weekly startup funding report, 10 - 15 August 2026 -

Business Aug 21, 2026 0 30 Add to Reading List

Indian startups raised over $242 million from August 10 to August 15, 2026; Yulu tops the list

Between August 10 to August 15, 2026, as many as 13 Indian startups from diverse sectors raised over $242 million in funding from investors. That is 4% down week-on-week from $252 million recorded in the previous week, when River Mobility raised $120 million.

Bengaluru-based electric mobility startup Yulu topped this week's chart with a $93 million round from GEF Capital Partners, accounting for nearly 38% of the week's total capital.

Four rounds crossed $20 million this week, and Yulu, Sigma Advanced Systems, Blacksmith and Centricity accounted for most of the week's capital between them. Sigma Advanced Systems raised $48.03 million for its defence and aerospace manufacturing business, while Blacksmith closed a $45 million round to grow its software testing platform.

The sectors that got funded this week include Semiconductors, Healthtech, Edtech, EV, Foodtech, Fintech, Homecare, Devtools, Defencetech, Logistics.

Source: Indian Startup News (ISN)

2026 so far

$8.44B

Indian startups have raised $8.44 billion across 603 rounds so far in 2026. This week's $242.55 million adds to that tally, with four rounds crossing the $20 million mark.

Three-week trend

Weekly funding rose sharply from $79.79 million in late July to $252.03 million in the first week of August, before easing slightly to $242.55 million this week.

Startup funding snapshot

The table below lists every funded startup this week, with the amount raised, stage, sector, investors and city. Rounds ranged from early pre-seed rounds to a $93 million Series C.

Startup	Sector	Round	Amount	Lead investor(s)	HQ
Yulu	EV	Series C	$93M	GEF Capital Partners	Bengaluru
Sigma Advanced Systems	Defencetech	Undisclosed	$48.03M	Spark Capital	Hyderabad
Blacksmith	Devtools	Series B	$45M	Peak XV Partners	San Francisco
Centricity	Fintech	Series A	$29.24M	SMBC Asia Rising Fund	Gurugram
Bakingo	Foodtech	Series B	$10.44M	Faering Capital Growth Fund III	Gurugram
Discovered Materials	Semiconductors	Seed	$9M	Lightspeed	San Francisco
Scrubsy	Homecare	Undisclosed	$2.82M	V3 Ventures	Gurugram
Ayati Devices	Healthtech	Pre Series A	$1.57M	Inflexor Ventures	Bengaluru
Wippi	Edtech	Seed	$1.2M	12 Flags	Bengaluru
Lane	Edtech	Undisclosed	$0.89M	Kae Capital	Bengaluru
Vecton AI	Fintech	Pre Seed	$0.63M	Zeropearl VC	Bengaluru
FreightFox	Logistics	Undisclosed	$0.52M	HighLeaf	Pune
Quarkitech	Defencetech	Pre Seed	$0.21M	Artha Access, Finvolve	Chennai

Amounts in USD as reported; rupee rounds converted at announcement rates. Articles linked per row.

Most active investors this week: GEF Capital Partners led Yulu's $93 million Series C, and Spark Capital placed Sigma Advanced Systems' Rs 460 crore raise through its Midas Transactions platform. Peak XV Partners backed Blacksmith and SMBC Asia Rising Fund led Centricity's Series A.

Where the money landed?

City-wise split of this week's disclosed capital

The five biggest rounds

The top five startups this week raised about $225.71 million between them, roughly 93% of the week's total.

Yulu

Yulu raised $93 million (about Rs 888.1 crore) in Series C funding, comprising $63 million in equity led by GEF Capital Partners and $30 million in debt.

The Bengaluru-based startup runs shared electric two-wheelers for short-distance travel and deliveries, and plans to use the money to quadruple its fleet to 200,000 vehicles over two years while preparing for a stock market listing.

Sigma Advanced Systems

Sigma Advanced Systems raised Rs 460 crore ($48.03 million) through a preferential allotment led by Spark Capital, which placed most of the issue with family offices and ultra-high-net-worth individuals through its Midas Transactions platform.

The Hyderabad-based defence and aerospace manufacturer plans to use up to 75% of the proceeds for acquisitions and strategic investments as it expands its UK operations and international order book.

Blacksmith

Blacksmith raised $45 million (Rs 429.8 crore) in a Series B round led by Peak XV Partners, with Y Combinator and GV also participating, valuing the startup at $550 million.

The San Francisco-based company runs a cloud platform for testing and validating software code, and will use the funds to expand its computing capacity roughly tenfold as AI coding tools increase the volume of code that needs checking.

Centricity

Centricity raised Rs 280 crore ($29.24 million) in a Series A round led by SMBC Asia Rising Fund, with Lightspeed India Partners, Burman Family Office and other existing investors also taking part.

The Gurugram-based wealth management startup will use the money to expand its private wealth and NRI businesses and add more than 50 private bankers across India.

Bakingo

Bakingo raised Rs 99.7 crore ($10.44 million) in a Series B round led by Faering Capital Growth Fund III.

The Gurugram-based startup operates in the foodtech sector, though further details on its plans were not available.

Emerging startups

Discovered Materials

Discovered Materials raised $9 million (about Rs 86 crore) in a seed round led by Lightspeed, with Y Combinator, Peak XV Partners and several angel investors also participating. The San Francisco-based startup uses AI agents to develop new materials for semiconductor chips, focusing on materials that can help manage heat in AI chips.

Scrubsy

Scrubsy raised Rs 27 crore ($2.82 million) from V3 Ventures. The Gurugram-based home-cleaning startup makes kitchen, bathroom and footwear-care products, and will use the funding to expand its in-house manufacturing.

Ayati Devices

Ayati Devices raised Rs 15 crore ($1.57 million) in a pre-Series A round led by Inflexor Ventures. The Bengaluru-based medtech startup makes portable diagnostic tools for diabetic foot and vascular conditions, and will use the funds to expand manufacturing and commercialisation in India and overseas.

Wippi · Lane

Wippi raised $1.2 million (approx. Rs 11.5 crore) in a seed round led by 12 Flags, with Warmup Ventures, Ventana Ventures and Ruvento Ventures also participating. The Bengaluru-based startup builds screen-free, voice AI storytelling products for children and will use the funding to expand its engineering team and manufacturing.

Lane raised Rs 8.5 crore in a round led by Kae Capital, with DeVC, Antler India and Panthera Peak also taking part. The Bengaluru-based startup combines driving lessons with RTO support and is developing a sensor-based system to track driving behaviour.

Vecton AI · FreightFox · Quarkitech

Vecton AI raised Rs 6 crore in a pre-seed round led by Zeropearl VC. The Bengaluru-based startup builds AI systems for banks and financial institutions and places engineers directly with client teams during implementation.

FreightFox raised Rs 5 crore in a round led by HighLeaf, with existing investor Aeravti Ventures also participating. The Pune-based startup runs a transportation management platform used by companies including Coca-Cola, PepsiCo and Hero MotoCorp.

Quarkitech raised Rs 2 crore in a pre-seed round from Artha Access and Finvolve. The Chennai-based startup develops data-compression algorithms for defence and space sensors, aimed at reducing the volume of data collected by radar, LiDAR and imaging systems.