Daily Indian Funding Roundup & Key News - 4th February 2026: Varaha Bags $45M Series B, The Whole Truth Raises $51M & More

StartupTalky News

04 Feb 2026 — 4 min read

Daily Indian Funding Roundup & Key News - 4th February 2026

India’s startup ecosystem saw strong activity today, with funding flowing into climate tech, robotics, nutrition, AI, and sports-tech startups. Varaha closed a major Series B round, while The Whole Truth raised fresh capital in its Series D. Investments in real estate tokenisation, agentic AI, alternative dairy, and sports infrastructure also stood out. In key business news, Fractal Analytics and Aye Finance announced IPO openings for next week, and Google confirmed a major expansion in Bengaluru, reflecting continued momentum across funding, markets, and corporate growth.

Daily Indian Funding Roundup for 4th February 2026

Company	Amount	Round	Lead investor(s)	Sector
Varaha	$45M	Series B	WestBridge Capital	Climate tech / Carbon removal
The Whole Truth	$51M	Series D	Sofina, Sauce.vc	Consumer / Clean-label nutrition
EyeROV	₹13 Crore	Pre-Series A	AWE Funds, Unicorn India Ventures	Deeptech / Marine robotics
Alt DRX (via Nila Spaces)	₹6 Crore	Strategic investment	Nila Spaces	Proptech / Real estate tokenization
Vibrium	$1M	Seed	Bhavesh Gupta & others	Enterprise AI / Agentic AI
Gamepoint	₹7 Crore	Pre-Series A	Raj P Narayanam, Aditya Vuchi	Sports tech
1.5 Degree	$1M	Pre-Series A	35North Ventures	Alternative dairy

Varaha Raises $45 Million in Series B Round Led by WestBridge Capital

Climate tech startup, focused on high-integrity carbon removal and decarbonization projects, Varaha has raised a $45 million Series B round led by WestBridge Capital, its first investment in climate tech. The first tranche of $20 million will support geographic expansion, strengthen scientific Measurement, Reporting and Verification (MRV) capabilities, and scale its industrial partnership model globally. Varaha develops biochar, ARR, regenerative agriculture and enhanced rock weathering pathways to generate verified carbon removal credits.

Clean-label Food Brand The Whole Truth Secures $51 Million in Series D Funding

The Whole Truth, a Mumbai-based clean-label nutrition and packaged foods brand, has closed a $51 million Series D funding round led by Sofina and Sauce.vc, with participation from existing investors including Peak XV Partners, Rainmatter Health and Ayra Ventures. This investment, comprising primary and secondary capital, will be used to scale in-house manufacturing, strengthen working capital, and build systems as the company prepares for an eventual public market listing. The startup markets protein bars, powders, nut butters and chocolates without hidden sugars or preservatives.

Deeptech Marine Robotics Startup EyeROV Raises ₹13 Crore in Pre-Series A Round

Marine robotics firm EyeROV (IROV Technologies Pvt. Ltd.) has raised ₹13 crore in a pre-Series A round co-invested by AWE Funds and Unicorn India Ventures. EyeROV builds advanced ROVs and USVs for underwater infrastructure inspection, including long-tunnel inspection capabilities up to 10 km. The funds will accelerate R&D, product innovation, and support market expansion in India and globally.

Nila Spaces Invests ₹6 Crore in Alt DRX to Advance Real Estate Tokenisation

Gujarat-based real estate developer Nila Spaces Limited has made a strategic investment of ₹6 crore in Alt DRX, a fintech startup working on asset and real estate tokenisation in India. This minority stake investment is aimed at accelerating the adoption of tokenized real estate products, expanding access to fractional ownership, and facilitating transparent, compliant ownership models.

Agentic AI Platform Vibrium Raises $1 Million in Seed Funding

Enterprise AI platform Vibrium, which specialises in agentic AI for measurable business outcomes, has raised $1 million in a seed round from Paytm’s ex-COO Bhavesh Gupta and other investors. The funds will be used to accelerate product development, strengthen AI frameworks, and scale deployments across sectors like BFSI, e-commerce and SaaS.

Sports-Tech Startup Gamepoint Bags ₹7 Crore in Pre-Series A Round

Sports-tech startup Gamepoint has raised ₹7 crore in a pre-Series A round co-led by Zaggle founder Raj P Narayanam and Aditya Vuchi, with participation from Praveen Raju and others. The proceeds will support the expansion of its multi-sport centre network and strengthen technology and operations across markets. Gamepoint operates professionally managed centres providing coaching and flexible play options.

Alternative Dairy Startup 1.5 Degree Raises $1 Million in Pre-Series A Round

Alternative dairy startup 1.5 Degree has secured $1 million in a pre-Series A funding round led by 35North Ventures’ India Discovery Fund II. The capital will help scale manufacturing capacity, strengthen institutional partnerships, and expand operations into key Indian cities, including Mumbai, Pune, Bengaluru, Hyderabad and Delhi.

Key Business News for 4th February 2026

Fractal Analytics Sets Price Band of ₹857-₹900

AI and analytics leader Fractal Analytics has set a price band of ₹857-₹900 per share for its ₹2,834 crore IPO, targeting a valuation of nearly $1.6 billion. Its retail subscription will run from 9-11 February 2026, with anchor bidding from 6 February, marking one of India’s most significant enterprise tech listings.

Aye Finance IPO to Open on 9th February

MSME-focused lender Aye Finance has announced a ₹1,010 crore IPO priced at ₹122-₹129 per share, also opening for subscription on 9 February. Both companies are expected to list around 16 February on BSE and NSE, offering investors exposure to AI and microfinance themes.

Alphabet’s Google Plans Major India Expansion with New Bengaluru Office

Global tech giant Alphabet’s Google is planning a significant expansion in India by opening a large office in Bengaluru. The move reflects continued investment in India’s tech talent and its role as a key hub for research, engineering, and cloud operations, strengthening the company’s footprint in the world’s fastest-growing major internet market.