ETtech Deals Digest: Startups raise $777 million in January so far; down 14% on-year

Indian startups raised about $777.2 million in funding between January 1 and 30, marking a 13.8% decline from January 2025, when they had raised a total of $901 million across 210 rounds.

This month, startups across multiple stages secured funding through 112 rounds, according to data from market intelligence platform Tracxn.

This month’s funding was 29% lower than the previous month. In December 2025, startups raised around $1.09 billion across 78 rounds.


Last week alone — between January 24 and 30 — startups raised around $102.2 million.

Top deals of the month

GreenCell Mobility: Eversource Capital-backed electric bus operator GreenCell Mobility closed $89 million in funding from the International Finance Corporation (IFC), British International Investment (BII), and Tata Capital.

Emergent: Artificial intelligence (AI) coding startup Emergent raised $70 million in funding from Khosla Ventures and SoftBank, valuing the seven-month-old company at about $300 million.

Juspay: Digital payments startup Juspay raised $50 million from WestBridge Capital at a valuation of about $1.2 billion. This made Juspay the first Indian startup to attain unicorn status in 2026.

Pee Safe: Women’s hygiene and wellness brand Pee Safe has closed a $32 million round with OrbiMed, a global healthcare-focussed private equity firm. The funding round was a mix of primary capital and secondary sales by early investors.

Sukino: Healthcare startup Sukino raised $31 million in a funding round led by Bessemer Venture Partners and with participation from Zerodha’s Rainmatter.