Daily Indian Funding Roundup & Key News – 20th January 2026: Emergent Raises $70 Mn, Troovy Bags $5 Mn, WanderOn Secures INR 54 Cr & More

India’s startup funding landscape remained active on 20th January 2026, witnessing a strong mix of large and early-stage capital inflows across AI, healthtech, fintech, consumer brands, and travel. The biggest highlight was Emergent’s $70 million Series B led by Khosla Ventures and SoftBank, reflecting rising investor confidence in “vibe coding” and AI-led software creation. On the consumer side, Troovy raised $5 million in Series A, while experiential travel platform WanderOn secured INR 54 crore for expansion. Meanwhile, key business updates included SEBI clearing PhonePe’s IPO and IKEA launching online delivery across Tamil Nadu, signaling rapid market momentum.

Daily Indian Startup Funding Roundup - 20th January 2026

Emergent raises $70 Mn in Series B led by Khosla Ventures and SoftBank

AI software creation platform Emergent has raised $70 million in a Series B funding round led by Khosla Ventures and SoftBank Vision Fund 2. The round also saw participation from Prosus, Lightspeed, Together Fund, and Y Combinator. The fresh capital will be used to strengthen product development and expand its research and engineering teams across San Francisco and Bengaluru. Emergent is focused on “vibe coding” tools that enable users to build software quickly with AI-powered coding agents.

Raana Semiconductors (RSPL) raises $3 Mn seed round led by Equirus Innovatex Fund and Artha Venture Fund

Deeptech startup Raana Semiconductors Pvt. Ltd. (RSPL) has raised $3 million in a seed funding round led by Equirus Innovatex Fund and Artha Venture Fund. The round also saw participation from IvyCap Ventures, PointOne Capital, CIIE Initiatives (IIMA Ventures) and angel investor Garimella Laxminarayana. This marks RSPL’s first institutional funding and the capital will help accelerate its mission in semiconductor innovation and indigenous supply-chain capabilities.

Troovy raises $5 Mn in Series A led by Fireside Ventures and Sharrp Ventures

Clean-label snacking startup Troovy has raised $5 million in a Series A funding round led by Fireside Ventures and Sharrp Ventures. The fresh funds will be used to strengthen distribution across e-commerce, quick commerce and D2C channels, while also expanding its product portfolio across clean snacking categories. Troovy aims to scale operations and grow toward the Rs 100 crore revenue milestone over the next few years.

Pinky Promise raises $1 Mn pre-seed led by Rebalance Angel Community

AI-led women’s digital clinic Pinky Promise has raised $1 million in a pre-seed funding round led by the Rebalance Angel Community. The round also included participation from prominent angels including Subramanian Ramadorai, Mala Ramadorai, Ajay Nair, Shreyas Srinivasan and others. The company will use the funds to expand integrated offerings, roll out physical clinics, and scale clinically backed nutritional supplements to improve continuity of care nationwide.

FireAI raises early-stage funding from IPV, Venture Catalysts, and SucSEED Indovation Fund

AI analytics platform FireAI has raised a total of Rs 6.2 crore (around $800K) through its early-stage rounds (pre-seed and seed), backed by Inflection Point Ventures (IPV), Venture Catalysts, and SucSEED Indovation Fund. The startup has also launched a mobile decision intelligence app and will use the capital to accelerate product growth and expand its decision intelligence capabilities for businesses.

WanderOn raises INR 54 Cr in Series A led by DSG Consumer Partners and CAAF

Experiential travel brand WanderOn has raised Rs 54 crore in a Series A funding round led by DSG Consumer Partners and Client Associates Alternate Fund (CAAF). The company plans to deploy the funds to expand operations and make immersive, youth-focused travel experiences more accessible, targeting Gen Z and millennial travellers.

For Real raises INR 3.2 Cr pre-seed from Titan Capital

Delhi-based online factory outlet marketplace For Real has raised Rs 3.2 crore in a pre-seed funding round from Titan Capital. The funding will be used to build its technology platform, onboard more brands, and drive early user adoption. For Real is building a liquidation-focused marketplace for branded excess inventory, helping brands clear unsold stock without disturbing pricing on primary channels.

Intellend raises $1.2 Mn seed round led by Incubate Fund Asia

Embedded lending technology startup Intellend Technologies Advisors has raised $1.2 million (Rs 10.6 crore) in a seed funding round led by Incubate Fund Asia, with participation from M Venture Partners, Atrium Angels and angel investor Dhananjay Tiwari. The company will use the funds to expand its team, enhance product capabilities, and strengthen its go-to-market strategy in the embedded finance ecosystem.

SuperLiving raises $2 Mn led by Kae Capital

Health-tech startup SuperLiving has raised $2 million in a funding round led by Kae Capital. The startup plans to use the capital to improve its product capabilities, expand vernacular and culturally relevant content, strengthen its AI companion, and scale distribution in Tier 2 and Tier 3 markets across India.

Key Business News for 20th January 2026

SEBI clears PhonePe IPO; fintech giant prepares for market debut

Fintech major PhonePe has received regulatory clearance from SEBI for its upcoming IPO, marking a key step toward one of India’s biggest tech listings. Reports suggest the company may look to raise around INR 12,000 crore through a pure Offer for Sale (OFS), with major shareholders likely to partially dilute their stakes. PhonePe remains the leading UPI player and the IPO approval strengthens expectations of a listing timeline in 2026.

IKEA starts online delivery services across Tamil Nadu from January 22

Swedish furniture giant IKEA has launched online delivery services across Tamil Nadu, starting January 22, expanding its reach in South India without a physical store presence in the state yet. The rollout includes EV-powered doorstep deliveries in key cities such as Chennai, Madurai, Coimbatore and Salem, offering customers access to 6,400+ home furnishing products via IKEA’s website/app. Orders will be fulfilled through IKEA’s Bengaluru distribution centre as IKEA strengthens its digital-first expansion strategy in India.

Daily Indian Funding Roundup & Key News – 19th January 2026

India’s startup and business ecosystem continues to witness a mix of funding momentum and major corporate developments.

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