Daily Indian Startup Funding Roundup & Key News - 24 February 2026: Wishlink Raises $17.5M, Livspace’s Lalit Mittal Exits After Layoffs, & More

India’s startup ecosystem saw robust funding activity across recruitment tech, cross‑border fintech, creator commerce, AI‑driven GTM platforms, student mobility and dermatology tech as capital continued flowing into high‑growth segments. On the business news front, veteran founders are stepping aside, and aerospace and home interior companies are making strategic moves that signal shifts in leadership and diversification. Below is your concise and verified roundup.

Daily Indian Startup Funding Digest - 24 February 2026

HireBound Raises $2M in Seed Round Led by Kalaari Capital

AI‑powered recruitment platform HireBound raised $2 million in a seed round led by Kalaari Capital, with participation from Antler, Infinyte Club and CareerNet. The Bengaluru‑based startup, which uses agentic AI to automate sourcing, candidate engagement, screening and evaluation, plans to use the capital for product development, go‑to‑market expansion and accelerated global scale.

Xflow Secures $16.6M Series A Led by General Catalyst with PayPal Ventures

Xflow, a cross‑border payments and fintech infrastructure platform, raised $16.6 million in a Series A round led by General Catalyst, with new investor PayPal Ventures and existing backers Stripe, Lightspeed, Square Peg and Moore Capital joining in. The round values Xflow at approximately $85 million and will be used to build new payment products, scale the customer base, and expand into new geographies, leveraging full PA‑CB import and export licenses.

Wishlink Raises $17.5M in Series B Funding Led by Vertex Ventures

Creator commerce platform Wishlink raised $17.5 million in a Series B round led by Vertex Ventures Southeast Asia & India, alongside participation from Fundamentum and Elevation Capital. Wishlink will deploy the capital to deepen technology offerings for creators, brands and consumers, expand sales and tech teams, and build tools that streamline product discovery and commerce integration.

Kris@Work Bags $3M in Seed Round Led by InfoEdge Ventures

Enterprise SaaS startup Kris@Work secured $3 million in a seed round led by InfoEdge Ventures, with participation from JN Capital & Growth Advisory (Singapore) and multiple angel investors. The platform provides an AI‑powered go‑to‑market operating system that unifies tools for sales, revenue and customer success teams, and will use the funds to expand enterprise deployments, build partner networks and advance product automation layers.

ZeroMobit Raises ₹1.5 Crore Pre‑Seed to Scale Student Mobility Platform

Student mobility startup ZeroMobit raised ₹1.5 crore in a pre‑seed round, co‑led by Sandeep Varaganti (JioMart CEO), Dr. Ashok Agrawal, and other high‑net‑worth individuals. The funds will accelerate development of ZeroMobit’s AI‑native logistics and safety platform that integrates compliance, route optimisation and fleet tracking, with plans to expand across major educational hubs.

Puresta Bags ₹34 Crore to Build AI‑Powered Full‑Stack Dermatology Platform

Beauty and healthcare startup Puresta raised about ₹34 crore (~$3.7 million) in pre‑seed funding led by Spring Marketing Capital, with additional participation from Stride Ventures. Puresta is building an AI‑enabled full‑stack dermatology platform, inclusive of AI diagnostics, dermatologist‑formulated products and clinical tracking, and also acquired HealthQ Life Science, parent of D2C skincare brand SKINQ, to strengthen its product pipeline.

Oncare Raises ₹27 Crore in Series A for Nationwide Expansion

Healthcare platform Oncare, focused on cancer care operations in mid‑sized hospitals, raised ₹27 crore (~$3.3 million) in a Series A round led by Sky Impact Capital, with participation from Huddle Ventures, Lotus Herbal Group, SteerX and Tremis Capital. The funding will support Oncare’s geographical expansion into metro and Tier II/III cities and bolster technology infrastructure for care coordination and clinical workflows.

Key Business News for 24 February 2026

Bewakoof Co‑Founder Prabhkiran Singh to Step Down After 14 Years

Prabhkiran Singh, co‑founder and CEO of direct‑to‑consumer fashion brand Bewakoof, announced he will step down by the end of March 2026 after leading the company for 14 years. Singh shared that the decision is driven by personal priorities like health and family, and he will continue to lead operations until his exit. Bewakoof, known for its youth apparel and strong online community, operates under the majority ownership of TMRW (Aditya Birla Group).

Deepinder Goyal’s LAT Aerospace Acquires Sharang Shakti as Defence Tech Play

Veteran entrepreneur Deepinder Goyal’s LAT Aerospace has acquired early‑stage defence tech startup Sharang Shakti as part of its strategy to diversify and deepen its footprint in aerospace and defence innovation. The acquisition positions LAT Aerospace to accelerate development of advanced avionics and autonomous systems, tapping into India’s expanding defence‑tech market.

Livspace CBO Lalit Mittal Exits Amid Restructuring and Layoffs

Home interiors unicorn Livspace witnessed another senior leadership exit as Chief Business Officer Lalit Mittal has left the company following the departure of co‑founder Saurabh Jain and mass layoffs affecting over 1,000 employees. The exits come amid Livspace’s AI‑driven reorganisation and efforts to streamline operations as it navigates funding challenges and path‑to‑profitability pressures.

Daily Indian Startup Funding Roundup & Key News - 23 February 2026

Here’s your daily dose of Indian startup funding and key business news roundup. MyDesignation raises ₹40 crore in Series A, while Mojro secures $3M for global expansion.

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