Daily Indian Funding Roundup & Key News – 29th January 2026: Cava Athleisure Raises INR 40 Cr, 1Buy.AI Secures Seed Funding, Biopeak Bags $2.7 Mn & More
India’s startup ecosystem continued to see strong investor interest on 29th January 2026, with funding activity spanning D2C fashion, health-tech, deep tech, clean energy, and enterprise SaaS. From Cava Athleisure’s Series A boost to AI-powered health startup Biopeak’s follow-on round, capital flowed into innovation-led businesses solving both consumer and industrial challenges. Deep-tech ventures like OneARVO and Vimag Labs also attracted backing, highlighting growing confidence in advanced engineering and AI-driven solutions. Alongside funding momentum, major global business developments — including Amazon’s large-scale workforce restructuring — signalled broader shifts in how technology companies are prioritising efficiency and AI-led transformation.
Daily Indian Startup Funding Roundup -29thJanuary 2026
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Cava Athleisure | INR 40 Cr | Series A | Sharrp Ventures (INR 21 Cr), V3 Ventures, Spring Marketing Capital | D2C athleisure / everyday wear |
| Biopeak | $2.7 Mn | Follow-on funding | NKSquared (Nikhil Kamath) | Health-tech / longevity AI diagnostics |
| OneARVO | INR 1.23 Cr | Pre-seed | Inflection Point Ventures (IPV) | Deep tech — AI + blockchain product authentication |
| 1Buy.AI | INR 32.5 Cr | Seed | 100Unicorns, Ashish Kacholia, Gruhas, FJ Labs (USA) | SaaS procurement & cost reduction platform |
| Vimag Labs | $5 Mn | Funding round | Accel, Chakra Growth Fund, Thinkuvate | Deep tech — electric motor tech without rare earth metals |
| EarthSync | $1 Mn | Pre-seed | Theia Ventures, Eximius Ventures | AI for renewable energy planning/operations |
Cava Athleisure secures INR 40 Cr in Series A funding
D2C athleisure and everyday-wear brand Cava Athleisure has raised INR 40 crore in a Series A funding round led by Sharrp Ventures (INR 21 Cr), with participation from V3 Ventures and existing investor Spring Marketing Capital. The Bengaluru-based startup plans to use the funds to accelerate product development, strengthen brand building, expand omnichannel distribution, and grow its leadership team. The brand focuses on comfortable, high-quality, sustainable athleisure for Gen Z and millennials.
Health-tech startup Biopeak raises $2.7 Mn led by NKSquared
Health-tech startup Biopeak has secured $2.7 million in a follow-on funding round led by NKSquared, the investment vehicle of Zerodha cofounder Nikhil Kamath. This investment marks Kamath’s second into the startup. Biopeak will use the proceeds to expand its operations, enhance its AI-driven diagnostics tools, and broaden its clinical programmes focused on longevity and healthspan optimisation.
Deep-tech startup OneARVO raises pre-seed round led by IPV
OneARVO, a deep-tech startup working at the intersection of AI and blockchain for product authenticity and supply-chain integrity, has raised INR 1.23 crore in a pre-seed funding round led by Inflection Point Ventures (IPV). The funds will be used to build out the technology team, establish an AI lab, and accelerate go-to-market implementation.
1Buy.AI raises INR 32.5 Cr in seed round led by 100Unicorns
Procurement and cost-reduction SaaS platform 1Buy.AI has raised INR 32.5 crore in a seed funding round led by 100Unicorns, with participation from Ashish Kacholia, Gruhas, FJ Labs (USA), and other investors. The startup helps electronics companies reduce procurement costs, manage supply-chain risks, and integrate scalable AI-led sourcing and liquidation workflows.
Deep-tech startup Vimag Labs raises $5 Mn led by Accel
Deep-tech startup Vimag Labs has raised $5 million in a funding round led by Accel, along with Chakra Growth Fund and Thinkuvate. The funds will help accelerate commercialisation of the company’s patented magnet-free electric motor technology, expand engineering and manufacturing capabilities, and advance industrial and EV applications.
EarthSync raises $1 Mn in pre-seed round led by Theia Ventures
EarthSync, an AI-powered platform for renewable energy planning, procurement, and operations, has raised $1 million in a pre-seed round led by Theia Ventures with participation from Eximius Ventures. The proceeds will be used to develop advanced clean energy modelling and forecasting engines and expand the platform’s capabilities for enterprise energy transition workflows.
Key Business News for 29th January 2026
Amazon’s Global Job Cuts May Affect Employees in India
Amazon’s latest round of job cuts — about 16,000 roles worldwide — could impact around 500–700 employees in India, particularly in teams within Amazon Web Services (AWS) and retail operations. This follows an earlier layoff of about 14,000 positions in October 2025, bringing the total corporate workforce reductions to roughly 30,000 jobs — the largest in Amazon’s history. The cuts are part of a broader restructuring to streamline operations and focus on priorities such as artificial intelligence (AI) and efficiency, according to internal communications from Beth Galetti, Senior Vice President of People Experience and Technology at Amazon.
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