Daily Indian Startup Funding Roundup & Key News - 23 February 2026: MyDesignation Raises ₹40 Cr, Urban Company’s InstaHelp Hits 50,000 Daily Bookings, & More

India’s startup funding momentum continued with multi‑crore and multi‑million rounds across SaaS, IoT, deeptech, battery tech and global expansion plays. Series A and seed funding highlighted investor confidence in enterprise solutions and hardware‑enabled innovation. On the business front, Urban Company’s InstaHelp service scaled new daily traction, WhatsApp prepared a new messaging feature rollout, and Aakash Educational Services announced key leadership appointments. Here’s your daily roundup.

Daily Indian Startup Funding Digest - 23 February 2026

MyDesignation Raises ₹40 Crore in Series A Led by RPSG Capital Ventures & Veltis Capital

MyDesignation, a design- and innovation-led D2C fashion brand, raised ₹40 Crore in its Series A round led by RPSG Capital Ventures, with strong participation from existing investor Veltis Capital. Other existing investors, including Multiply Ventures and Dominor Investments, also participated. The funds will be used to expand the company’s offline retail footprint, strengthen senior leadership, and launch new product categories. MyDesignation operates digitally and via five exclusive brand outlets across South India, serving close to one million customers with curated, culturally inspired fashion collections.

Mojro Bags $3 Million from IAN Alpha Fund for Global Expansion

Mojrooptimisation, a SaaS platform for B2B logistics planning and optimization, raised $3 million in a funding round led by IAN Alpha Fund, with participation from 1Crowd and other existing investors. The capital will be used to expand Mojro’s presence in the US and Southeast Asia, enhance its AI-driven optimisation platform, and strengthen its product, engineering, and sales teams. The funding aims to support global expansion and scaling operations for enterprise logistics solutions.

Hycosys Raises $1 Million (≈₹9 Crore) Seed Round Led by MountTech Growth Fund – Kavachh

Hycosys, a Bengaluru-based deep-tech engineering startup, raised over $1 million (≈₹9 Crore) in a seed round led by MountTech Growth Fund – Kavachh, with previous participation from PointOne Capital. The funds will be used to expand the engineering team, access advanced testing facilities, and develop a micro gas turbine (MGT) as a clean energy alternative to diesel generators. Co-founded in 2024, Hycosys focuses on hydrogen-ready and fuel-flexible micro gas turbines for distributed power, mobility, and aerospace applications, including integration with microgrids and drones.

Datoms Secures ₹25 Crore in Series A Led by Big Capital JSC

DATOMS, an industrial IoT platform for enterprises and OEMs, raised ₹25 crore (~$2.76M) in a Series A round led by Big Capital JSC, with participation from IvyCap Ventures and follow‑on investment from YourNest Venture Capital. The funds will be used to strengthen product and technology, expand into new markets, build engineering and data science teams, and enhance AI‑driven predictive maintenance, performance optimisation, and energy management capabilities. The platform helps enterprises connect machines, monitor performance in real time and unlock operational efficiencies.

Coulomb Lite Raises ₹20 Crore Seed Funding for Battery Tech Innovation

Battery technology startup Coulomb Lite has raised ₹20 Crore in seed funding to advance its next‑gen battery materials and energy storage solutions. The capital will be used for R&D, prototype scaling, and strategic partnerships to support electrification and energy resilience across industry segments.

Key Business News for 23 February 2026

Urban Company’s InstaHelp Hits 50,000 Daily Bookings

Home and beauty services platform Urban Company announced that its on‑demand services arm, InstaHelp, has crossed 50,000 daily bookings, signifying strong traction in quick service demands. The milestone reflects rising consumer adoption of doorstep services and Urban Company’s expanding service footprint across Indian cities.

WhatsApp to Roll Out Scheduled Message Feature for iPhone Users

WhatsApp confirmed plans to introduce a scheduled message feature for iPhone users, enabling users to compose messages in advance and schedule them to send at a later time. This update aims to enhance user convenience, particularly for business communications and time‑sensitive outreach.

Aakash Appoints Alka Garg as CFO & Kanika Kumar Nijhawan as SVP of Marketing

Leading test‑prep and education services provider Aakash Educational Services announced strategic leadership hires with Alka Garg appointed as Chief Financial Officer and Kanika Kumar Nijhawan named Senior Vice President of Marketing. The appointments are expected to strengthen financial strategy and brand positioning as the company scales offerings in offline and digital education.

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

Here’s your daily dose of Indian startup funding and key business news. Roopya raises ₹4 crore in seed funding, while Portkey secures $15M to help enterprises manage AI spending.

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