Daily Indian Funding Roundup & Key News - 3rd February 2026: Loop AI Raises $14M Series A, Mindcase Secures Seed Funding & More
Today, India’s startup scene is active, with several tech startups raising funds in AI, market intelligence, and enterprise SaaS. Key business updates included acquisitions, IPO filings, VC exits, and fintech profit growth, highlighting ongoing momentum and change across industries.
Daily Indian Funding Roundup - 3rd February 2026
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Loop AI | $14 M | Series A | Nyca Partners, Gokul Rajaram, Base10 | Enterprise AI |
| Mindcase | ₹1.5 Cr | Pre‑seed | AJVC | Market intelligence SaaS |
Loop AI Raises $14 Million in Series A Round
Enterprise AI platform Loop AI has raised $14 million in a Series A funding round led by Nyca Partners, with participation from angel investors including Gokul Rajaram and Base10. This capital infusion will support expansion of Loop AI’s enterprise‑grade artificial intelligence solutions, enhance product capabilities, and accelerate go‑to‑market initiatives to help enterprises adopt AI for operational and analytical workflows.
Market Intelligence Startup Mindcase Secures ₹1.5 Crore in Seed Funding
Mindcase, a market intelligence startup co‑founded by IIM Ahmedabad alumni Kritish Puri and Saurabh Shubham, has raised ₹1.5 crore in a pre‑seed round led by early‑stage VC AJVC. The Gurugram‑based firm uses AI‑powered workflows and proprietary data agents to transform unstructured data into actionable market insights and will use the funds to scale its SaaS platform and expand its data coverage.
Key Business News for 3rd February 2026
HORIBA India Acquires Pristine Deeptech to Strengthen R&D Capabilities
Japanese precision instrument maker HORIBA India Private Limited has acquired 100% of Pristine Deeptech, a Gujarat‑based startup specialising in lab‑grown diamond technology for semiconductor and quantum research. The acquisition is aimed at bolstering HORIBA’s R&D footprint in advanced materials and analytical solutions, especially for semiconductor and cutting‑edge technology applications.
Fractal Analytics IPO to Open on 9th February After Reducing Issue Size
Enterprise AI and analytics firm Fractal Analytics has filed its Red Herring Prospectus (RHP) and is set to launch its IPO from 9th February 2026 through 11th February 2026 with a reduced issue size of around ₹2,834 crore. The offering comprises fresh and offer‑for‑sale components and marks a major milestone as one of India’s significant AI‑focused public offerings.
Senior Partners Exit Peak XV Partners to Launch New VC Fund
Three senior investment professionals — Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have exited Peak XV Partners. The trio plans to launch a new venture capital fund, signalling continued leadership shifts and new investment vehicles emerging within India’s VC ecosystem.
MobiKwik Reports Profit and Revenue Growth in Q3 FY26
Indian fintech platform MobiKwik has returned to profitability in Q3 FY26, posting a consolidated profit of ₹4 crore and revenue of ₹289 crore, a year‑on‑year improvement supported by cost discipline and stronger performance across payments and financial services revenue streams.
Muskaan Kapoor
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