Weapons systems design, development and manufacturing firm with a focus on advanced electronic fuzes, warheads and munition integration technology. $1.1M round. Founder & CEO Priyanka (Guru Nanak Dev University, Amritsar) was an intern at DRDO before spending some years in her family business (hospitality and construction). Founded in 2019.

InsureTech startup offering Infrastructure as a Service (IaaS), i.e. a platform for businesses to offer insurance products to employees and partners. It earns revenues through policy distribution, commissions on premium and for the tech layer it provides. For e.g., it has a partnership with Battery Smart to offer natural calamity insurance to its battery charging station partners. ₹6CR round. Founders: both CEO Anuj (NMIMS, IIM Bangalore) and Head of Product & Marketing Sanil (NMIMS, ISB) were co-founders of Healthysure, an employee benefits platform, for four years. Healthysure was also backed by IPV and Capita-A, amongst others; Founded end 2022/early 2023.

Lab-grown diamond brand. Focused on contemporary designs, a customised offering, will launch online this August followed by flagship retail stores. The brand debuted in early July with a limited-edition Rakhi collection marketed via WhatsApp. Friends and family round of an undisclosed amount, from Ajai Chowdhry (HCL), Tej Kapoor (ICICI Ventures), Sairee Chahal (Appreciate Capital), Kunal Chowdhry, Rachin Dewan, and Kunal Milwani (Synage). The angel round closed in Feb 2025. Founded by Priyanka Gill, Venture Partner at Kalaari Capital; formerly Founder of POPxo (sold to Good Glamm Group). Founded in Feb 2025. Comps: Comps: IVANA Jewels (Avinya Ventures), Firefly Diamonds (WestBridge), True Diamond (Titan, Huddle, Zeropearl), Fiona Diamonds (Venture Catalysts, AC Ventures), Limelight Lab Grown Diamonds, Jewelbox (V3).

AI native cloud platform for enterprises, which is yet to launch. Developers can define performance, compliance or cost objectives while the platform auto-manages deployment and execution across infrastructure stacks. $9.6M seed round. Other investors in the round: Climber Capital and angels including Ritesh Agarwal (Oyo), Ritesh Malik (Innov8), Aditya Virwani (Embassy Group). Founders: all three are IIT Kharagpur. Abhinav (HBS) was Global COO & CPO at OYO; Vamshidhar (ISB, Stanford) was a Partner at McKinsey for 13 years after 5 years at AMD; Abhijeet was with AT&T for 15 years in the US followed by three years at Jio as VP Cloud Tech & Infra. Founded in Apr 2025. Comps: Neysa ($30M Series A from Nexus, NTTVC, Z47).

AI digital marketing automation for small businesses in India, e.g. gyms, salons, hospitality providers and clinics. Manages SEO and automates all communication (automated responses, follow-ups and ongoing customer conversations). Used by 21,600 businesses since its beta. ₹15.5CR seed round. Other investors in the round: Vernalis Capital and angel investors including Revant Bhate, Vaibhav Domkundwar, Ramakant Sharma, Sumit Gupta. Founders: CEO Ashutosh built Matrix funded Testbook for 13 years before it was acquired by Classplus; CTO Ayush (IIT Kanpur), CPO Arpit (IIT Bombay) and CMO Narendra Agrawal (IIT Bombay) were also respectively CTO, CPO and CMO at Testbook. Narendra is is not linked here. Founded in May 2024.

SpaceTech startup incubated at IIT Madras. The company is developing autonomous, re-usable vehicles for in-orbit and microgravity experiments (i.e. commercial space research). Products that come out of such environments include special semiconductors, high purity protein crystals for pharma and artificial retinas. Microgravity environments are hard to recreate on earth and more options are needed in space as the International Space Station nears decommissioning in 2030. It aims to launch its first vehicle by Q1 2028. $1M pre-seed round. Founders: Aravind IB (IIT Madras) spent nine years as Graduate Research Assistant at the National Centre for Combustion Research & Development (NCCRD); Vishal graduated from VIT and Columbia with two years in-between joining Inbound; Abhijit (Goa Univ., Nalsar) was a Commanding Officer of the Indian Navy. Founded in Oct 2023.

Fitness sessions organised within apartment complexes - strength training, yoga, weight loss offered via both individual and group training. ₹2CR pre-seed round. Currently operational in 40 complexes in Bangalore, with 500 customers to date. Angels in the round include Pranay Jivrajka (Allo Health). Founder Shalabh (IIT Guwahati, IIM Lucknow) managed growth and brand marketing at Allo Health, worked across various verticals at and spent two years with Ola. Curefit Founded in Oct 2023.

D2C travel accessories with a multi-brand approach. Travel products include luggae, backpacks and neck pillows, all offered with an aim of two hour delivery. The company also plans to open 100 stores in the next two years. $5M seed round from First Cheque at Jungle Ventures and Fireside Ventures. Angels in the round: Revant Bhate (Mosoaic Wellness), Abhishek Goyal (Tracxn), Harsh Shah (Fynd), Chirag Taneja (GoKwik), Ramakant Sharma (Livspace) and more. Founders: Abhinav Pathak built Kalaari, Venture Highway and Prime backed Perpule, a cloud-based POS which was acquired by Amazon in 2021, before spending two years with Amazon; Abinav Zutshi is from Landmark Group, Trent and Big Bazaar. Founded in Feb 2025.

SaaS tools for hospitals and other healthcare service providers, including an outpatient (OPD) department management system, an end-to-end hospital OS, a clinical AI notetaker and an app for patients. Incubated at IIT Madras, the company is also integrating blockchain into a number of tools, for e.g. in managing sensitive organ donation databases. ₹6.5CR seed round. Founders: all three are IIT Madras. Prabhu is Head of the School of Innovation & Entrepreneurship at IIT Madras; Vijayaraja was co-founder at Gemicates (automation systems) for six years; Anirudh started out while still studying at IIT. Founded in Apr 2023.

Rocket manufacturing company with a flagship product - InfinityOne - that will deliver payloads of up to 350kg to altitudes of up to 800km (i.e. in Low Earth Orbit). The rocket has a reusable first stage which means it can relaunch within 24 hours. Its first commercial launch is planned for Jan 2028. $3M pre-seed round from undisclosed investors ("a family office and an angel investor"). Founders: CEO & CSO Dr. Ravindra Raj BM started Omspace straight out of IIT Madras; Chief Propulsion Engineer Maulik Mota joined after a brief stint at Essar Oil; Founded in Jun 2020.