Synopsis
The number of deals during the month, however, was down at 94, compared to 237 in the corresponding month last year.This month, startups across multiple stages secured funding through 94 rounds, according to data from market intelligence platform Tracxn. This was 26.1% lower than in the previous month.
In February 2026, startups raised around $1.27 billion across 128 rounds.
Last week, between March 14 and 20, startups raised around $343 million, a 69% decline compared to the $1 billion secured during the same period last year.
Top deals of the month
Weaver: In the largest deal of the month, housing finance platform Weaver Services raised about $156 million from Premji Invest, the family office of IT czar Azim Premji, and venture capital (VC) fund Lightspeed Venture Partners. This funding will facilitate Weaver's acquisition of a controlling stake in Centrum Housing Finance Limited (CHFL).
Rocketlane: Chennai-based B2B software-as-a-service (SaaS) startup Rocketlane raised $60 million in a round led by New York-based fund Insight Partners as it expands its artificial intelligence (AI)-led offerings. The latest infusion takes the company’s total funding to $105 million.
Euler Motors: Electric vehicle (EV) maker Euler Motors secured $47 million in a Series E funding round led by private equity (PE) fund Lightrock, with participation from Hero MotoCorp and Blume Ventures. The Delhi-based firm plans to double its production capacity from about 1,000 vehicles per month, with a third manufacturing facility expected to be operational within the next six months.
Cult.fit: Fitness platform Cult.fit also raised $47 million in a Series F round from Singapore-based global investment firm Temasek. The Bengaluru-based startup has raised capital after two years. In 2024, it had raised $10.2 million in a round led by existing backer Valecha Investments, which valued it at over $1.5 billion. So far, the company has raised over $650 million from investors like Accel, Temasek, Chiratae, and Kalaari Capital.
