Startup news and updates: Daily roundup (February 9, 2026)
Featured Stories
How can Indian carbon removal startups get a stamp of approval on their carbon credits?
India has seen a rising number of startups undertake carbon removal projects. However, the credibility of these projects hangs on the endorsement of third-party verification agencies and on carbon registries. YourStory breaks down how startups can verify generated carbon credits.
Some of these startups, like Alt Carbon and Varaha, have also gone on to sign offtake agreements with US-based tech giants, Microsoft and Google, among others. India has emerged as a major exporter of carbon credits in the global market, accounting for 17% of credits being issued every year. Recent times have seen many startups emerge in the space, setting up carbon removal projects in India. Read More
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Meet D4NP, a tech-for-good startup enabling non-profit organisations with digital tools
As digital marketing was taking off in India in 2008, Abhinav Chetan was part of Google LLC’s Delhi office, working at the forefront of the country’s growing internet economy. In his 12-year stint at the company until 2020, Chetan got many opportunities to get involved in projects outside of his primary responsibilities—some of which involved working with non-profit organisations
Chetan describes D4NP as an “exponential leverage enabler” for non-profits. It is not just helping these organisations secure grants but also helping them build capability in GenAI. However, not every non-profit qualifies.
The New Delhi-based startup not only empowers non-profits with tech grants but is also helping them build capability in GenAI. Read More
Latest News
Velocity commits Rs 100 Cr to expand AI-led shipping platform
Ecommerce enablement company Velocity said it has earmarked Rs 100 crore to scale its logistics arm, Velocity Shipping, as it looks to expand its presence in the shipping aggregation market and invest in AI-driven tools across the logistics chain.
Velocity Shipping — formerly known as Shipfast — will receive the investment over the next two years, funded through internal accruals and revenue from the company’s core businesses, Velocity said in a statement.
Launched in 2025, the shipping platform has onboarded more than 900 brands, around 60% of which are existing Velocity partners. The company said the logistics vertical now contributes roughly 40% of overall revenue and recorded about 70% month-on-month growth in order volumes. Read More
Funding News
Elevate Now raises Rs 18 crore in seed funding led by Physis Capital
Indian weight loss startup Elevate Now has raised Rs 18 crore in a seed funding round led by Physis Capital. The funding round also saw participation from Inflection Point Ventures and Titan Capital.
The Bengaluru-based company, founded in November 2022 by former Swiggy and Snapdeal executive Suryansh Kumar, operates a clinical weight loss platform that focuses on medical supervision rather than traditional lifestyle-based solutions.
Elevate Now said it will use the new capital to strengthen its technology platform, expand clinical research, and develop proprietary medicinal and nutritional supplements. Elevate Now is also backed by other investors, including W Health Ventures, Narayana Health, and Swiggy co-founder Sriharsha Majety.
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Truth & Hair raises Rs 2.5 Cr from Varun Alagh on Shark Tank India
Truth & Hair, a hair beauty and styling brand, secured an investment of Rs 2.5 crore from Varun Alagh on the reality show Shark Tank India. The company plans to use the funds to expand its product portfolio, invest in scalp-first formulations, and strengthen its marketing and retail distribution across India.
Founded by certified trichologist Saumya Alagh and Shailesh Singh, Truth & Hair specialises in hair makeup and styling products designed for different hair textures. Its product line includes root touch-up hair mascara and texture-specific cleansing ranges.
Finvolve and India Accelerator invest $1 million in space startup Satlabs
Deeptech space startup Satlabs Space Systems secured Rs 9 crore ($1 million) in seed funding from multi-stage venture capital fund Finvolve and India Accelerator.
The investment aims to accelerate the development of Satlabs’ satellite communication infrastructure, which is designed to provide near-real-time geospatial intelligence. The Bengaluru-based startup is building a constellation of low-cost data relay satellites that function as “floating ground stations” to reduce delays in downlinking Earth observation data.
Satlabs, founded in November 2022 by Sooraj Gopakumar and Saisree Eega, seeks to reduce data transmission latency from hours to minutes. The technology has potential applications in defence, agriculture, disaster response, and industrial IoT.
The company stated the capital will be used for research and development, advancing satellite deployment plans, and scaling its data relay network. Satlabs is currently working toward a proof-of-concept launch for its relay satellite.
Preventify raises Rs 2 Cr pre-seed funding to expand healthcare clinics in smaller towns
Kerala-based healthcare startup Preventify raised Rs 2 crore in a pre-seed funding round led by accelerator PedalStart to expand its branded clinic network in Tier II and III cities.
The investment included participation from several strategic angel investors, including Viren Shetty of Narayana Health and Jatin Kakrani of Dezy, along with the founders of Supertails and Agrizy.
Preventify, which focuses on preventive and chronic care, plans to use the capital to establish its first cluster of 10 clinics. The funds will also be used to scale its chronic disease management programs and strengthen technology, diagnostics, and pharmacy integration. The funding will allow the company to invest in clinical teams and systems to deliver reliable outcomes at scale.
Other News
Pascal AI partners with Kotak Mahindra AMC to deploy agentic research platform
Pascal AI has deployed its agentic AI research platform at Kotak Mahindra Asset Management Company (KMAMC) to support institutional investment workflows.
The partnership aims to increase research speed and coverage for the asset manager by using AI agents to automate analytical tasks, such as reviewing regulatory filings and earnings transcripts. The platform is powered by Pascal AI’s proprietary “Context Graph” and is deployed within a sovereign Virtual Private Cloud to ensure data security.
Pascal AI, founded in 2024, previously raised $3.1 million in a seed funding round led by Kalaari Capital in September 2025.
MakeMyTrip partners with Minor Hotels to expand international portfolio
MakeMyTrip, an online travel company, said it has entered a strategic partnership with global hospitality group Minor Hotels to list over 560 properties on its platform. The collaboration aims to expand the company’s direct international hotel inventory. Minor Hotels operates brands such as Anantara, Avani, and NH Collection across Europe, Asia, and the Middle East.
MakeMyTrip said it sold over 77,900 unique hotels across 192 countries last year, with unique hotel sales growing 17% in 2025. Nearly one-third of these bookings were in the premium category, with average room rates exceeding Rs 15,000.
Currently, 60 Minor Hotels properties are live on the platform, with 12 featuring the ‘Loved by Indians’ tag, which identifies stays catering to specific Indian preferences such as dining options.
(The article will be updated throughout the day with latest news and updates)
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