Daily Indian Funding Roundup & Key News - 9 February 2026: Pandorum Technologies Secures $18M Series B, Aye Finance IPO Subscribed & More
India’s startup ecosystem saw significant activity on 9 February 2026, with notable funding rounds in healthcare, biotech, and wellness. Pandorum Technologies raised $18 million in Series B to expand its tissue regenerative therapies globally, while Elevate Now secured ₹18 crore to build India’s first clinical weight loss platform. Key business developments included Aye Finance and Fractal Analytics IPO subscriptions and a leadership change at Eternal Ltd, marking an eventful day across fintech, AI, and health tech sectors. Here's a quick roundup of the day’s key developments.
Daily Indian Startup Funding Digest - 09 February 2026
| Company | Amount | Round | Lead Investor(s) | Sector |
|---|---|---|---|---|
| Elevate Now | ₹18 crore | Seed | Not disclosed | Healthtech / Clinical Weight Loss |
| Pandorum Technologies | $18 million | Series B | Wavemaker Partners, Pi Ventures, and others | Biotech / Tissue Regenerative Therapies |
| Preventify | ₹2 crore | Pre-seed | PedalStart | Healthcare / Tier-2 & Tier-3 Clinics |
| WellWith | ₹1.25 crore | Seed | BeyondSeed | Wellness / Healthcare |
Elevate Now Raises ₹18 Crore in Seed Round
Elevate Now is developing India’s first clinical weight loss platform, combining medical guidance with technology-driven solutions for personalised health management. The ₹18 crore funding will support product development, clinical expansion, and hiring across operations. The startup aims to improve accessibility to medically supervised weight-loss programs and enhance user engagement through data-driven solutions.
Pandorum Technologies Raises $18 Million in Series B Round
Pandorum Technologies focuses on programmable tissue regenerative therapies, offering scalable solutions for organ and tissue replacement. The $18 million Series B round, led by Wavemaker Partners, Pi Ventures, and other global investors, will fund research, global expansion, and clinical trials. The company leverages proprietary bioprinting technologies to create functional human tissues for therapeutic applications.
Preventify Raises ₹2 Crore in Pre-Seed Round
Preventify operates branded healthcare clinics in tier-2 and tier-3 cities in India, aiming to enhance access to preventive healthcare. The ₹2 crore pre-seed funding, led by PedalStart, will be used to expand clinic operations, recruit healthcare professionals, and implement digital health tools. The startup focuses on early detection, chronic disease management, and wellness services tailored to local populations.
WellWith Raises ₹1.25 Crore Seed Funding Led by BeyondSeed
WellWith is a wellness-focused startup offering integrated healthcare services combining nutrition, fitness, and mental health guidance. The seed round led by BeyondSeed will be used to scale operations, expand service offerings, and strengthen technology-driven wellness programs. The platform differentiates itself with personalised wellness plans and data-backed health insights.
Key Business News for 9 February 2026
Aye Finance IPO Subscribed 12% on Day 1
Aye Finance’s initial public offering (IPO) saw a subscription of 12% on the first day, with bids received for 54.46 lakh shares against 4.55 crore shares on offer. The fintech company plans to use the IPO proceeds for portfolio expansion, strengthening digital lending initiatives, and scaling its operations across India. The Day 1 subscription indicates a cautious start from institutional investors, though retail participation has shown comparatively higher engagement. Analysts expect investor response to improve over the remaining subscription period as awareness and market confidence grow.
Fractal Analytics IPO Subscribed 9% on Day 1
Fractal Analytics’ IPO was 9% subscribed on Day 1, receiving bids for 15.80 lakh shares against a total of 1.85 crore shares offered. The AI and analytics firm intends to utilise the funds to enhance technology infrastructure, expand global operations, and scale its AI-driven analytics offerings across industries. Early investor response was moderate, reflecting measured interest in AI-focused IPOs. Market observers suggest that demand may accelerate in the coming days as institutional and retail investors evaluate subscription opportunities.
Eternal Ltd Confirms CEO Change
Eternal Ltd (formerly Zomato Ltd) confirmed a leadership transition with Deepinder Goyal resigning as MD, CEO, and Director, effective 1 February 2026. Blinkit CEO Albinder Dhindsa will take charge as Group CEO, focusing on global operations, strategic priorities, and corporate governance. Goyal will remain as Vice Chairman in a non-executive capacity, supporting long-term strategy and leadership development.
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