Daily Indian Funding Roundup & Key News - 12 February 2026: Elixiir Foods Raises $9M, Indigrid Tech Secures ₹40 Cr, USV Pharma-Wellbeing Nutrition Deal & More

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12 Feb 2026 — 4 min read

Daily Indian Funding Roundup & Key News - 12 February 2026

The Indian startup landscape saw diverse funding across grocery tech, deep tech, sustainable materials, electronics manufacturing, and sleep and dining technologies on 12 Feb 2026. Elixiir Foods raised a $9 million seed round to build a destination-led tech-driven grocery platform, while Indigrid Technology attracted ₹40 crore in Series A funding to scale electronics manufacturing. Early-stage funding also flowed into Heliware (deep tech), UKHI (sustainable materials), DUSQ (sleep-science platform), and Digitory (restaurant tech). On the corporate front, USV Pharma advanced its majority acquisition of Wellbeing Nutrition, signalling consolidation in the consumer wellness space, and Honasa Consumer posted a strong profit leap in Q3 FY26.

Daily Indian Startup Funding Digest: 12 Feb 2026

Company	Amount	Round	Lead Investor(s)	Sector
Elixiir Foods	$9M	Seed	3one4 Capital, Incubate Fund Asia	Grocery/Tech
Indigrid Technology	₹40 Cr	Series A	Valour Capital, ITI Growth, Vimson Group, Global South Capital	Electronics Manufacturing
Heliware	₹4.5 Cr	Bridge	Inflection Point Ventures	Deep Tech/Geospatial AI
UKHI	₹10.5 Cr	Seed	Venture Catalysts, 100 Unicorns, 888 VC, DCG Pack	Biopolymer/Sustainable Materials
DUSQ	₹24 Cr	Seed	Fireside Ventures, Antler India, Climber Capital, Startup Sherpas	Sleep-Tech/Wellness
Digitory	$500k	Pre-Series A	Tejas Paresh Lodaya	Restaurant Tech

Elixiir Foods Raises $9M to Build Tech-Driven Grocery Platform

Elixiir Foods, an omnichannel grocery and food platform aiming at premium urban consumption, secured $9 million in a seed round led by 3one4 Capital with support from Incubate Fund Asia. The Delhi NCR-based startup plans to launch its destination-led, tech-enabled platform featuring fresh produce, dairy, pantry staples, and gourmet offerings. Funds will be used to build supply chain infrastructure, strengthen wholesale and distribution operations, and establish the technology foundation for city rollouts.

Indigrid Technology Secures ₹40 Cr in Series A to Scale Manufacturing

Indigrid Technology, a homegrown electronics manufacturing startup, raised ₹40 crore in a Series A round led by Valour Capital with participation from ITI Growth Opportunities Fund, Vimson Group, and Global South Capital. The capital will support capacity expansion across its manufacturing facilities, deepen technology and R&D capabilities, and evaluate strategic acquisitions. Indigrid operates integrated EMS/ESDM services, catering to automotive and consumer appliance segments, with an expanding footprint in Gurugram and Goa.

Heliware Raises ₹4.5 Cr Bridge Funding for International Expansion

Deep-tech startup Heliware raised ₹4.5 crore in a bridge round led by Inflection Point Ventures to advance its AI-powered 3D geospatial intelligence platform and pursue global expansion. Heliware’s platform simplifies complex GIS capabilities into a plug-and-play solution with analytics such as flood simulation and predictive spatial modelling. The funding will help accelerate R&D, establish partnerships abroad, and strengthen working capital for upcoming projects.

UKHI Raises ₹10.5 Cr Seed Funding to Scale Sustainable Materials

UKHI, an IP-led biopolymer and sustainable materials startup, raised ₹10.5 crore in a seed round led by Venture Catalysts with participation from 100 Unicorns, 888 VC, and DCG Pack. UKHI focuses on developing compostable biopolymers like EcoGran to replace conventional plastics. Funds will be used to scale production, deepen formulation IP, and strengthen partnerships across the packaging value chain.

DUSQ Secures ₹24 Cr in Seed Funding to Scale Sleep-Tech Offerings

DUSQ (formerly InnerGize), a sleep regulation and recovery company, raised ₹24 crore in a seed round led by Fireside Ventures, with participation from Antler India, Climber Capital, Startup Sherpas, and others. The startup plans to expand its neuroscience and hardware teams, grow its in-house sleep laboratory, and prepare for a U.S. launch aimed at the global sleep economy.

Restaurant Tech Startup Digitory Raises Pre-Series A Funding

Digitory, a restaurant technology platform, secured $500k in pre-Series A funding from investor Tejas Paresh Lodaya to enhance its tech offerings and support expansion in the dining sector. The financing will be used to boost product development and scale operations across new markets.

Key Business News for 12 Feb 2026

USV Pharma Advances Majority Acquisition of Wellbeing Nutrition

USV Pharma is set to acquire a 79% stake in Wellbeing Nutrition in a deal valuing the direct-to-consumer nutrition brand at approximately ₹1,583 crore. Early investors, including Hindustan Unilever and Fireside Ventures, are expected to exit with significant returns. The acquisition aligns with USV’s strategy to deepen its presence in the consumer wellness and premium nutrition segment as Wellbeing Nutrition targets strong revenue growth.

Honasa Consumer Posts Strong Q3 FY26 Profit Growth

Honasa Consumer reported a substantial increase in Q3 FY26 profit, with revenue reaching ₹602 crore and profit nearly doubling year-on-year. The results underscore resilient brand momentum and operational execution amid evolving consumer demand.