Here's your daily dose of Indian startup funding roundup and key business news for 4 September 2026. Ultrahuman raises $70 million, ESDS Software lists at a 76% premium, and RentoMojo sets its IPO price band. Four funding rounds closed on 4 September 2026, spanning wearable health tech, sneakers, emergency healthcare and power electronics. Qualcomm Ventures, Verlinvest, Auxano Capital and Trivest Partners were among the day's lead investors. The headline raise is Ultrahuman's $70 million round to expand its health intelligence platform. Away from funding, RentoMojo set its IPO price band at INR 384 to INR 404, and PhysicsWallah shares jumped after Motilal Oswal initiated coverage with an INR 200 target. Ultrahuman raised $70 million in a funding round led by Qualcomm Ventures, with participation from Labcorp, Alpha Wave, Blume Ventures, Nexus Venture Partners and Alteria Capital. The round included $65 million in primary equity and $5 million in debt, valuing the company at about $365 million, roughly three times its 2023 valuation. The funds will support product development across sensing, AI, miniaturised electronics, health algorithms and clinical research. Founded in 2019 by Mohit Kumar and Vatsal Singhal, Ultrahuman is a Bengaluru-based wearable health technology company known for its Ultrahuman Ring, supported by blood biomarkers, continuous glucose monitoring and environmental sensing. Including the current round, the startup has raised more than $173 million to date and is looking to evolve from a wearable health company into a human-computer interface company built around the body. Comet raised INR 100 crore in a Series B round led by global investment firm Verlinvest, with existing investors Elevation Capital and Nexus Venture Partners also increasing their stake. The round also saw angel participation from Urban Company co-founder Abhiraj Singh Bhal, Snap Inc global CBO Ajit Mohan, and Bhaane founder Anand Ahuja. The funds will expand Comet's retail presence, strengthen product development and technology, and fund research and development into its own sole moulds. Founded in 2023 by Utkarsh Gupta and Dishant Daryani, Comet is a Bengaluru-based D2C sneaker brand known for limited-edition drops that often sell out within minutes. The startup currently runs 10 company-owned stores and aims to double that to 20 by the end of FY27, with revenue having grown ninefold since its Series A round in 2024. Medulance raised INR 24 crore in a Series A round from Auxano Capital, existing backers Alkemi and Equentis, and a group of angel investors. The funds will expand emergency services pan-India, grow its hospital and enterprise business, and improve its technology and connected ambulances. Founded in 2017 by Pranav Bajaj and Ravjot Singh Arora, Medulance is a GPS-based emergency response and ambulance booking service that operates more than 15,000 ambulances across over 500 cities, serving more than 8 million people. The round comes as India's amb
