Tracking Pre-Series A and Series A deals that close in India every week
Links out to the the websites of the startup and its investors, along with LinkedIn profiles of the founders and fundraising news.
An end-to-end electronics design and manufacturing company that enables customers to take hardware concepts from idea to production. Positioned as a vertically integrated partner, the company aims to simplify the otherwise complex hardware lifecycle for customers like Panasonic, Schneider, Motherson, Urban Company and Zetwerk. $5.5M Series A round led by Nexus, with participation from SE Ventures (Schneider Electric's investment arm) and Riverwalk. Founded in Jul 2018, Gurgaon based. Founders: CEO Saurav worked briefly in Amdocs in the business intelligence team; co-founder Nikhil was a core team member of TradeFin (B2B payment on blockchain). Both founders are from Guru Gobind Singh Indraprastha University.
Engineering solutions company which is a Tier 1 supplier focused on simulation-based new product development for defence, aerospace and space customers. The firm provides the full product lifecycle, from CAD and CAE-driven design and simulation to manufacturing and testing, helping industrial clients build lighter, faster and more cost efficient systems. Its work spans complex hardware such as aircraft seating systems, landing gear and rotor dampers (used in helicopters), with customers including ISRO and DRDO. Pre-series A round of an undisclosed amount from Ashish Kacholia, the stock market investor. Founded in July 2007, Noida based. Founders: Amitav (IIT Kharagpur, IIM Calcutta) was at Maruti Udyog for nine years and subsequently founded Bionic Yantra (therapy to improve walking disabilities). Girish (Univ. of Michigan) was previously an application specialist at Altair Engineering (software dev. for high performance computing) in Michigan.
Managed workspace operator in Bangalore, with 16 centres, 13500 seats and over 1M sq ft of space in the city. The company operates sustainable workspaces that meet ESG norms mandated by global enterprises and caters to a hybrid working environment (which remains partly work from home for most companies), with a growing list of Global Capability Center (GCC) clients. ₹100CR revenue projected for FY26. Investment of an undisclosed amount, which appears to be a Series A. The last known financing of the company was a $1M debt raise from Nisus Finance Services (a listed asset manager) in Mar 2022, at which time it was preparing to raise a $10M Series A (the Series A itself was not subsequently announced at the time). Founded in Jul 2017, Bangalore based. Founders: both founders started their careers at Knight Frank. Rahul (IIT Roorkee) was a Co-Founder of IndianMoney (a financial education provider), Abhijith (Cambridge Judge) was a Partner at D&A Corporation , an advisory firm which simplifies setting up infra for industries and warehousing in South India.
Technology-led K–12 school management company that runs and manages schools - spanning academics, daily operations, finance, HR, compliance and technology. This is end to end school management as a service. Currently operating six schools across ten campuses, with 11,000 students. This round will go towards international expansion. ₹40CR loan positioned as a Pre-Series A funding round by the company, from Axis Finance, the NBFC arm of Axis Bank. Bhubaneswar based, founded in Sep 2022. Founders: CEO Swoyan is the CEO of non-profit schools operator ODM Educational Group, CEO of edtech Digichamps and before that, a management trainee at Helpchat; CBO Harshit was a program manager at 1K Kirana Bazaar and before that, a management trainee at Aditya Birla Capital.
Construction startup building modular, portable and reusable structures through a cloud manufacturing network of partner factories. It produces factory made low-rise structures including modular hospitals, schools, site offices and has delivered over 1,500 buildings in 21 Indian states and parts of Africa for clients such as the Indian Navy and Tata Steel in timelines of under 30 days. Cumulative revenue of ₹200CR since inception (FY25 not disclosed) and profitable. $7.83M Series A round, its first institutional round. The round also saw participation from SVAS Strategic Management, Sigma and angels Srinath Ramakkrushnan (Zetwerk), Sanjiv Rangrass (ex ITC). Founded in Aug 2018, Chennai based. Both co-founders, CEO Shree Ram and COO Gobinath were previously summer interns at Larsen and Toubro and started Modulus Housing straight after graduating from IIT Madras in 2018.
Helps digital neobanks, brokers and payment apps launch banking products quickly through a single API. Instead of integrating with multiple banks one by one, Blostem lets platforms offer fixed deposits, FD-backed credit cards and Credit-on-UPI through a single plug-and-play connection. The company already works with 10+ banks and NBFCs, and partners with leading fintech and brokerage apps to make retail banking products easier to access across India. Pre-Series A of an undisclosed amount, Raimatter gets a 9% stake. Founded in Apr 2022, Delhi based. Founders: Ravi was a Senior Consultant at PKC Advisory; Sandeep previously served as SVP at iServeU (banking infra provider); Uday is the founder of IT services firm Teknomatics.
Mumbai-based music licensing marketplace that offers brands, creators and content producers access to a library of over 12,000 copyright-cleared music tracks and sound effects. It combines AI-driven tagging, digital rights management (DRM) workflows and a transparent royalty sharing model to simplify licensing for creators, while also enabling musicians and labels to monetise their work more equitably. It has 30K creators and 180 B2B clients onboard, and has paid out ₹4.5CR in royalties so far. The startup is building partnerships across Bollywood, regional labels and international publishers. ₹4CR raised in the first tranche of a Pre-Series A. Founded in Dec 2021. Founders Gaurav and Meghna built Songfest, a creative agency, together. Meghna also earlier led marketing teams in several companies - HUBILO (the webinar platform), YesssWorks (coworking) and FundTonic.
Founded in 2019, Pidge was a relatively entrant to last mile logistics for Tier 1 India, yet is growing fast - 10x year on year. Gurgaon based, the platform connects its delivery fleets, gig riders, order tracking systems and analytics into a single stack, serving over 20,000 brands across 50+ cities. Now at an annualised ₹250CR revenue run rate. The new funding will help the company expand deeper into TierII/III markets, upgrade its AI capabilities and start international pilots. 120CR Series A round led by La Vida es Chula (LVEC), the family office of billionaire Thomas Meyer, founderf of spanish retailer Desigual. La Vida es Chula, incidentally, means "life is pretty" in Spanish. Founders: Ratnesh was the President & MD for international business at Whitbread (the owner of Costa Coffee and Premier Inn) before founding Pidge; CPTO Rushil worked as a consultant at Redbox Automated Retail (video rental and streaming) and ShopRunner (shipping service for brands).
As the name suggest, a platform for farmers to buy, sell, finance and insure tractors and other rural commercial vehicles via both digital and offline channels. It operates 75 COCO (company owned company operated) outlets across Rajasthan, MP, UP and Maharashtra. FY25 revenue: ₹106CR with a ₹9CR loss. Founded in Feb 2018. Its FinTech arm FINJ has disbursed ₹1,500CR in loans through partners, since it launched in Jan 2024. $17M Series A round along with $5M in debt led by Astanor (a global impact investing firm). Founders: CEO Rajat was previously a general manager at National Motors (a Mahindra Tractors dealership); COO Animesh had worked first as a business development manager at Mahindra Group and then as an Associate Director at CARS24. No background information available on the third Co-Founder & President Shivani.
Deep‑tech startup focused on underwater inspection. Born out of an NIT Rourkela student project in 2021, it develops remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs) that inspect infrastructure like dams, bridges, ports and support national defence surveillance. There drones are capable of reaching depths of 300m respectively, with clients such as the Indian Navy, Railway, Tata Steel etc. ₹5CR cheque from Piper Serica, following a ₹17CR Pre-Series A from MGF Kavachh and Pontaq. Founders: CEO Debendra and CTO Biswajit, turned their NIT Rourkela project into Coratia.