Weekly Wrap: Ultrahuman Leads Funding with USD 60 Mn Raise; Two Tech IPOs Recorded

Weekly Roundup: Ultrahuman, Yuma Energy, Growwmf and Cradlewise led India’s top startup funding deals this week.

By Entrepreneur Staff | Sep 05, 2026

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India’s startup funding landscape recorded USD 150.6 million across 19 equity rounds during August 28–September 3, compared to USD 168.3 million across 15 rounds in the previous week, a decline of 10.53%, according to the latest Tracxn data. Funding was down 57.99% compared to the week before that, which saw USD 358.6 million raised across 17 rounds.

The week’s funding activity was largely driven by early-stage funding, which accounted for USD 70.8 million, while late-stage companies raised USD 60 million and seed-stage startups raised USD 19.8 million. The week also witnessed two tech IPOs and one acquisition.

TOP FUNDING DEALS

1. Ultrahuman Ultrahuman develops wearable health monitors and metabolic glucose tracking devices. Founded in 2019 and headquartered in Bengaluru, the company raised USD 60 million in a Series C round led by Qualcomm Ventures, with participation from Alpha Wave Global, Steadview, Blume Venture, LabCorp, GGM Family Trust, Nexus Venture Partners, Krypton, and angel investor Deepinder Goyal, making it the largest funding deal recorded during the week.

Inception: 2019
Headquartered: Bengaluru
Funding Amount: USD 60 million
Lead Investor: Qualcomm Ventures

2. Yuma Energy Yuma Energy provides battery-swapping infrastructure and services for electric vehicles. Founded in 2023 and headquartered in Bengaluru, the company raised USD 35 million in a Series A round led by Magna.

Inception: 2023
Headquartered: Bengaluru
Funding Amount: USD 35 million
Lead Investor: Magna

3. Growwmf Growwmf is an asset management company. Founded in 2011 and headquartered in Bengaluru, the company raised USD 20.7 million in a Series B round from State Street Global Advisors.

Inception: 2011
Headquartered: Bengaluru
Funding Amount: USD 20.7 million
Investor: State Street Global Advisors

4. Cradlewise Cradlewise manufactures smart bassinets and cribs with integrated monitoring technology. Founded in 2017 and headquartered in Pune, the company raised USD 12 million in a Series A round led by 3one4 Capital.

Inception: 2017
Headquartered: Pune
Funding Amount: USD 12 million
Lead Investor: 3one4 Capital

5. Kepler Aerospace Kepler Aerospace develops small satellite systems, defense systems, and related components. Founded in 2018 and headquartered in Bengaluru, the company raised USD 8 million in a Seed round led by Blue Ashva Capital, Finvolve, and India Accelerator.

Inception: 2018
Headquartered: Bengaluru
Funding Amount: USD 8 million
Lead Investors: Blue Ashva Capital, Finvolve, India Accelerator

6. Zenergize Zenergize manufactures electric vehicle charging stations and solar power inverters. Founded in 2024 and headquartered in Gurugram, the company raised USD 4 million in a Seed round.

Inception: 2024
Headquartered: Gurugram
Funding Amount: USD 4 million

7. Alteon Alteon manufactures aeroplanes. Founded in 2023 and headquartered in Bengaluru, the company raised USD 2.5 million in a Seed round led by angel investor Lachy Groom, with participation from Together.

Inception: 2023
Headquartered: Bengaluru
Funding Amount: USD 2.5 million
Lead Investor: Lachy Groom

8. YOGa Clean Air YOGa Clean Air provides indoor air quality solutions and air purification technology. Founded in 2010 and headquartered in Gurugram, the company raised USD 2.1 million in a Series A round led by Info Edge Ventures, with participation from ThreeWords Capital and angel investor Deepinder Goyal.

Inception: 2010
Headquartered: Gurugram
Funding Amount: USD 2.1 million
Lead Investor: Info Edge Ventures

9. Leanwatts Leanwatts manufactures electric vehicle charging solutions. Founded in 2022 and headquartered in Hyderabad, the company raised USD 2 million in a Seed round led by Trivest.

Inception: 2022
Headquartered: Hyderabad
Funding Amount: USD 2 million
Lead Investor: Trivest

10. DocPharma DocPharma provides supply chain services for pharmaceutical distribution and diagnostic testing logistics. Founded in 2024 and headquartered in Bengaluru, the company raised USD 2 million in a Seed round led by Equentis Wealth Advisory Services, with participation from 100 Unicorns.

Inception: 2024
Headquartered: Bengaluru
Funding Amount: USD 2 million
Lead Investor: Equentis Wealth Advisory Services

IPO Activity

The IPO market recorded two tech listings during the week.

Tempsens Instruments: Founded in 1976 and headquartered in Udaipur, Tempsens specializes in high-quality thermal engineering solutions, including contact and non-contact temperature sensors such as thermocouples, RTDs, and thermowells. The company listed on August 28, 2026, with a market capitalization of approximately USD 263.2 million at IPO.
Augmont: Founded in 1994 and headquartered in Mumbai, Augmont operates an alternative investment platform for gold, offering commodity trading, digital gold and silver investment, and gold loan solutions. The company listed on August 31, 2026, with a market capitalization of approximately USD 756.6 million at IPO.

M&A Activity

One acquisition was recorded during the week.

Alteons Energy: Founded in 2024 and headquartered in Hyderabad, Alteons Energy develops renewable energy solutions for industrial clients. The company was acquired by Sanmar Group on September 1, 2026, for an undisclosed amount.