TheInterviewTimes.com | February 22, 2026 | 10:06 AM IST | Mumbai
Indian startups raised $285 million in the latest funding week of February 2026, anchored by Spinny’s $170 million round from Fidelity and Accel. Peak XV Partners leads with investments in semiconductors and wealthtech amid sector-wide momentum.
Funding Surge Overview
Indian startups attracted $285 million across multiple deals in the week ending February 22, 2026, signaling renewed investor confidence post-Budget 2026. Used-car platform Spinny dominated with a $160-170 million round led by Fidelity Investments and Accel Leaders Fund, including $90 million primary capital and secondary sales by Blume Ventures and Fundamentum. The Competition Commission of India approved Fidelity’s 6-7% stake acquisition on February 12, valuing Spinny at $1.4-1.5 billion, down slightly from $1.7 billion in its prior round.
This total marks a climb from $130.5 million the prior week and $95.6 million earlier, driven by semiconductors, wealthtech, and EV infrastructure. Peak XV Partners stood out, leading two marquee deals while closing $1.3 billion in fresh funds for India and Asia-Pacific investments focused on AI and consumer sectors.
Spinny Anchors with Mega Round
Spinny’s funding provides fuel for inventory expansion and market dominance in India’s used-car space, where it competes with CarDekho and Cars24. The Gurugram-based unicorn, founded in 2015, has now raised over $676 million total, with Tiger Global and Accel as key backers. Recent moves include a ₹46.2 crore share swap with acquired peer GoMechanic, strengthening its repair ecosystem.
WestBridge Capital joined with $35-40 million, keeping valuation stable amid a competitive landscape. Spinny aims to scale operations as EV adoption grows, targeting Tier-2 cities for used-car demand.
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Peak XV Partners Leads Charge
Peak XV deployed capital aggressively, leading C2i Semiconductors’ $15 million Series A for AI data center power solutions, joined by TDK Ventures and Yali Capital. Bengaluru-based C2i, previously funded $4 million in 2024, eyes enterprise server pilots. In wealthtech, Peak XV backed Stable Money’s $25 million pre-Series C at $175 million valuation, enabling fixed deposit digitization and city expansions.
The firm’s $1.3 billion raise across seed, venture, and Asia-Pacific funds reflects LP trust, with most inflows targeting India over 2-3 years. Shailendra Singh highlighted AI and fintech priorities, building on a $10 billion AUM portfolio with 35+ IPOs.
Diverse Sector Momentum Builds
Semiconductors gained traction as Vervesemi raised $10 million Series A led by Ashish Kacholia and Unicorn India Ventures for analog IP expansion in industrial and avionics apps. EV infrastructure player Statiq secured $18 million in equity-debt mix from Tenacity Ventures, Y Combinator, and Shell Ventures to hit 20,000 chargers by 2026 end.
AI infra startup Portkey closed $15 million Series A led by Elevation Capital, scaling its control plane for enterprise AI ops. These deals underscore diversification beyond fintech, with early-stage funding rising amid global chip and green tech bets.
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