From step counts to ‘second brains’: India’s AI wearables bet

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Deal data from Venture Intelligence shows that the larger rounds between 2023 and 2026 went to health tracking ring-maker Ultrahuman, which raised $25 million in 2024, and electronics manufacturer Indkal, which raised $36 million in 2024 and $20 million in 2025. Smaller cheques went to companies such as smart mirror firm Portl, which raised $3 million in 2023, and neurostimulant startup InnerGize, which raised $3 million in February.



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