Indian startups raised over $328 million from October 12 to October 17, 2026; Tessolve Semiconductor tops the list

Tessolve Semiconductor

Tessolve Semiconductor, a Hero Electronix company, has raised $75 million (about Rs 716.2 crore) from US-based Vector Line Capital, the investor’s first bet in India. The round follows a $150 million investment from TPG in September 2025 and $40 million from Novo Tellus in 2021.

The Bengaluru-based company provides semiconductor engineering services spanning chip design, validation and testing for AI, HPC and automotive clients. It plans to use the money for expansion and multiple acquisitions over the next two quarters to widen its services and global reach.

Boldfit

Bengaluru-based Boldfit has raised Rs 400 crore (about $42.29 million) in a Series B round from Bharat Value Fund, a Category II AIF managed by The Wealth Company Alternates. The round follows its Rs 110 crore Series A from Bessemer Venture Partners in November 2024.

The D2C sports and fitness brand sells sportswear, athletic footwear and fitness equipment to more than 2 crore customers a year. It plans to use the money to open physical stores, strengthen manufacturing and pursue acquisitions in new categories.

GreenCell Mobility

Mumbai-based GreenCell Mobility has raised Rs 330 crore (about $34.89 million) in equity funding from Impact Fund Denmark, an investor in its Eversource Capital-backed electric bus business. The round comes months after GreenCell raised $89 million in mezzanine financing from IFC, BII and Tata Capital in January 2026.

GreenCell runs electric buses on intracity and intercity routes under its NueGo brand, with charging infrastructure to support them. The new money will fund roughly 4,500 more buses, taking its planned fleet past 5,000 vehicles across 105 cities.

RapidCanvas

RapidCanvas has raised $29 million (about Rs 276.9 crore) in a Series B round led by Vertex Ventures SEA & India, with Hitachi Ventures and existing backers Accel and Peak XV Partners also joining in. The round takes its total funding to $52.5 million.

The startup pairs an AI platform with field engineers who build and stay accountable for custom AI applications inside enterprises. It plans to use the capital to grow its go-to-market and engineering teams across India, the US and Brazil.

Scimplify

Bengaluru-based Scimplify has raised $25 million (about Rs 238.8 crore) in a strategic round led by Hitachi Ventures, with Henkel, Teknor Apex and existing investors Accel and 3one4 Capital also putting money in. The round takes its total funding to $80 million.

The advanced materials startup helps companies scale lab-developed chemicals into commercial production through its AI platform SciNode. It will use the funds to expand manufacturing, build out US operations, and focus on rare earth, semiconductor and battery materials.

Origin

San Francisco-headquartered Origin has raised $20 million (about Rs 191 crore) in a seed round co-led by Accel and Zacua Ventures, with backing from Unilazer Ventures and angels tied to Anduril, Skild AI and Tesla. The physical AI startup builds autonomous robots that automate wall-finishing work on construction sites and plans to deploy 150 robots by the end of 2027.

Nat Habit

Gurugram-based Nat Habit has raised Rs 142.6 crore (about $15.07 million) in a Series C round led by Trident Growth Partners, with Bertelsmann India Investments and new investor Hero Family Office also participating. The D2C Ayurvedic personal care brand plans to grow its offline retail presence from 20,000 to 2 lakh stores over three years and expand manufacturing capacity five-fold.

Confido Health

New York-based Confido Health has raised $12.5 million (about Rs 119.4 crore) as an extension to its Series A round led by Z47, taking the round’s total to $22.5 million. The healthtech startup builds AI agents that automate administrative work like scheduling and insurance verification for US healthcare providers.

Mesa School of Business · Spill Games

Bengaluru-based Mesa School of Business has raised Rs 110 crore (about $11.63 million) in a mix of Series A equity, co-led by Dharana Capital and Elevation Capital, and venture debt from InnoVen Capital and Alteria Capital. The residential business school trains students to build startups and will use the money to expand its programmes and AI-led teaching.

Bengaluru-based Spill Games has raised $10.5 million (about Rs 100.3 crore) in a Series A round led by Elevation Capital, with existing investors Centre Court Capital and PeerCapital also joining. The mobile gaming studio makes casual and puzzle games for players outside India and plans to use the funds to scale its best-performing titles and build new ones.

Clueso · MakeO · Parallel Loop

Clueso has raised $10 million (about Rs 95.5 crore) in a Series A round led by Dharana Capital, with new investors Founders Future and Neotribe Ventures joining existing backers Y Combinator and f7 Ventures. The startup’s AI platform creates and edits product and training videos for businesses, and the money will expand its enterprise sales and AI agents.

Mumbai-based MakeO, the parent of clear aligner brand Toothsi, has raised Rs 90 crore (about $9.51 million) in a round led by Singularity AMC, with DSP Family Office and Genesis Ventures also participating. The dental care company plans to expand across India and Southeast Asia and is evaluating acquisitions of dental clinic chains and aligner businesses.

Singapore-based Parallel Loop has raised $6.6 million (about Rs 63 crore) in a seed round led by 3one4 Capital, with Picus Capital and Flourish Ventures among the other backers. The startup helps enterprises weave AI into their existing systems and workflows using a mix of technology and forward-deployed engineers.