Mosaic Wellness, Hi-Q Electronics Among Top Funded Startups; Weekly Deals Dip

India’s startup funding activity witnessed a slowdown during the week of March 07–March 13, 2026, even as several companies secured fresh investments across sectors such as healthtech, electronics manufacturing, enterprise technology, logistics, aquaculture and green energy.

According to Tracxn, overall funding activity declined by around 26 percent compared to the previous week of February 27–March 05. Despite the dip, multiple growth-stage startups raised capital, while merger and acquisition activity and fund announcements also continued during the week.

Top Funding Deals

Mosaic Wellness (Healthtech)

Mumbai-based Mosaic Wellness operates a digital-first health platform offering specialised wellness solutions for men, women and children through its brands Man Matters, Bodywise and Little Joys. The company provides doctor consultations, personalised health products and educational content covering hair care, skin health, weight management and sexual wellness.

• Inception: 2020
• Founders: Revant Bhate, Dhyanesh Shah
• Headquartered: Mumbai
• Funding Amount: USD 21 Million
• Investors: 360 ONE Asset, Elevation Capital, Peak XV Partners, Z47, Think Investments

Hi-Q Electronics (Electronics Manufacturing)

Bengaluru-based Hi-Q Electronics manufactures high-quality multilayer printed circuit boards (PCBs) used in aerospace, defence and industrial research applications. The company specialises in complex, high-layer count PCBs, including rigid-flex designs and laser-drilled HDI PCBs that support advanced electronics manufacturing requirements.

• Inception: 1978
• Founders: Dr. S. Venkatachalam
• Headquartered: Bengaluru
• Funding Amount: USD 19 Million
• Investors: ValueQuest Tristar Fund

KaarTech (Enterprise Technology Consulting)

Chennai-based KaarTech is a global digital transformation consulting firm specialising in enterprise technology solutions. The company focuses on SAP implementation, cloud transformation, AI-driven automation, data analytics and IoT integration. It also supports organisations migrating to SAP S/4HANA through its proprietary KTern.AI platform.

• Inception: 2006
• Founders: Maran Nagarajan, Ratnakumar N, Selvakumaran M, Guardian George
• Headquartered: Chennai
• Funding Amount: USD 11 Million
• Investors: Playbook Partners, A91 Partners

Skye Air Mobility (Drone Logistics)

Gurugram-based Skye Air Mobility provides drone-powered logistics solutions focused on last-mile delivery for sectors such as healthcare, e-commerce and food services. The company operates autonomous drone fleets and also offers drone traffic management through its Skye UTM platform.

• Inception: 2019
• Founders: Ankit Kumar
• Headquartered: Gurugram
• Funding Amount: USD 9 Million
• Investors: IAN Alpha Fund, AVNM Ventures, Faad Capital, Bajaj Capital

AquaExchange (Aquaculture Technology)

AquaExchange offers a full-stack digital platform designed for aquaculture farmers. The company integrates IoT, AI-powered analytics and fintech services to improve farm productivity. Its platform includes solutions such as AquaBot and PowerMon for automated feed monitoring, energy optimisation and farm management, along with market linkage tools.

• Inception: 2020
• Founders: Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, Kiran Bandi
• Headquartered: Vijayawada
• Funding Amount: USD 8 Million
• Investors: Endiya Partners, Factor Analytics, Accion Ventures, Ocean 14 Capital

Newtrace (Green Hydrogen Technology)

Bengaluru-based Newtrace is a deeptech startup focused on advancing green hydrogen production. The company develops cost-efficient membraneless electrolyzers and proprietary Voltagen electrodes designed to improve energy efficiency and lower hydrogen production costs, supporting the growth of clean energy infrastructure.

• Inception: 2021
• Founders: Prasanta Sarkar, Rochan Sinha
• Headquartered: Bengaluru
• Funding Amount: USD 6.3 Million
• Investors: HDFC Bank, Mitsui Sumitomo Insurance Venture Capital, Peak XV Partners’ Surge, Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, Manish Prataprai Gandhi, Renu Manish Gandhi

Mergers and Acquisitions

The week also saw several strategic acquisitions across sectors. Online automobile marketplace CARS24 acquired automotive utility application Vehicle Info to strengthen its digital services ecosystem.

In the quick commerce technology space, Nitro Commerce acquired AI startup Zodiac Labs AI to enhance its artificial intelligence capabilities.

Manufacturing platform Karkhana acquired Micron EMS Tech to expand its electronics manufacturing capacity.

In the hospitality sector, SAMHI Hotels announced plans to acquire a 70 percent stake in RARE India as part of its entry into the experiential leisure segment.

Meanwhile, online travel platform MakeMyTrip said it would acquire a majority stake in travel company Flamingo Transworld to strengthen its outbound travel portfolio.

IPO Activity

In the public markets, ethnic apparel brand Ajmera Fashion is preparing to launch an SME IPO, signalling continued interest from consumer brands in tapping public market funding.

Fund Announcements

On the investment front, Arnya Real Estate Fund announced that its equity platform in partnership with Supreme Universal achieved a first close of INR 1,030 crore, marking a significant milestone in its real estate investment strategy.