Daily Indian Startup Funding Roundup & Key News - 19 February 2026: Pluto Mobility Raises $2M; CoinDCX Announces ₹111 Cr ESOP Buyback

StartupTalky News

19 Feb 2026 — 2 min read

Daily Indian Startup Funding Roundup & Key News - 19 February 2026

India’s startup ecosystem remained active on 19 February, with fresh capital flowing into EV mobility and enterprise AI, underscoring sustained investor interest in technology-led transformation. At the same time, major business developments emerged across crypto, food delivery, and online gaming, spanning ESOP liquidity events, strategic shutdowns, and regulatory action. Here’s a comprehensive look at the key funding deals and business headlines that shaped the day.

Daily Indian Startup Funding Digest: 19 February 2026

Startup	Sector	Amount Raised	Stage	Key Focus
Pluto Mobility	EV / Mobility	$2 Mn	Seed	EV infrastructure & smart mobility solutions
Navikenz	Enterprise AI & Data	$7.5 Mn	Seed	AI-led data transformation & consulting

Pluto Mobility Raises $2 Million in Seed Round

EV-focused startup Pluto Mobility has raised $2 million in a seed round to accelerate its electric mobility solutions. The company is building smart, sustainable mobility infrastructure aimed at improving EV adoption and last-mile connectivity. The fresh capital will be deployed toward product development, operational expansion, and strengthening its technology stack in India’s growing EV ecosystem.

Navikenz Raises $7.5 Million to Expand Enterprise AI Capabilities

Enterprise AI and data transformation startup Navikenz has secured $7.5 million in funding to expand its AI consulting and analytics capabilities. The company works with global enterprises to implement AI-driven automation, advanced analytics, and data modernization strategies. The new funding will support international expansion, talent acquisition, and deeper investment in proprietary AI frameworks.

Key Business News for 19 February 2026

CoinDCX Announces ₹111 Crore ESOP Buyback

Crypto unicorn CoinDCX has announced a ₹111 crore ESOP buyback program, providing liquidity to current and former employees. The move comes amid ongoing volatility in the crypto market and signals the company’s intent to reward long-term contributors while reinforcing employee confidence.

Swiggy Shuts Down 15-Minute Food Delivery Service ‘Snacc’

Food delivery major Swiggy has discontinued its 15-minute food delivery offering, ‘Snacc’. The decision reflects operational and demand-side challenges in sustaining ultra-fast delivery models, even as quick commerce continues to evolve in India.

ED Freezes ₹505 Crore of WinZO Funds Overseas

The Enforcement Directorate (ED) has frozen ₹505 crore of gaming platform WinZO’s funds parked in US and Singapore accounts. The action is part of an ongoing investigation related to alleged financial irregularities. The development adds regulatory pressure to India’s real-money gaming sector.