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Defense tech startup Sharang Shakti raises pre-seed round

Entrackr

Entrackr · 10m ago

Defense tech startup Sharang Shakti raises pre-seed round

Defense robotics startup Sharang Shakti has secured Rs 5 crore in a pre-seed funding round co-led by AUM Ventures and Venture Highway along with participation from the JK Group’s Family office and other angel investors. The proceeds will be used for product development and expanding the team, Sharang Shakti said in a press release. Co-founded in 2023 by Karan Goyal, Chirag Singla, Jitendra Singh, Gaurav Kumar and Rishabh Choudhary, .Sharang Shakti is a security robotics company which focuses on innovating in airspace surveillance and airborne threat mitigation. The company is currently working on an anti-drone system designed to detect, track, and neutralize hostile drones, marking the first of several products in its development pipeline. According to market research, the global Anduril industry is valued at $14 billion. The Gurugram-based company aims to focus on building a comprehensive technology stack which will enable the development of a wide range of robotic systems for defense applications and to build next-gen Lockheed Martin from India. Earlier this month, Indusbridge Ventures , a defense technology-focused company, joined forces with US-based deep-tech venture builder FedTech to introduce the ‘I2A Launchpad’ program. The initiative aims to support Indian dual-use startups.

Related News

Jeh Aerospace raises $2.75 million in funding round led by General Catalyst

Economic Times

Economic Times · 1y ago

Jeh Aerospace raises $2.75 million in funding round led by General Catalyst

Indian aerospace and defense manufacturing startup, Jeh Aerospace, has secured $2.75 million in a seed funding round led by General Catalyst. Former executives from Boeing India and Airbus India also participated in the round. The funds will be used to build infrastructure, support growth, and expand the company's team. Jeh Aerospace provides solutions for the aerospace and defense industries, specializing in aero-structure and aero-engine components and assemblies. The startup plans to open a new manufacturing facility soon.

Vodex, three others secure early-stage funding

VCCircle

VCCircle · 1y ago

Vodex, three others secure early-stage funding

Vodex, Ono, Arch0, and Mave Health have all secured early-stage funding. Vodex, a generative AI-based SaaS startup, raised $2 million in a seed funding round. Ono, an agritech startup, raised $1.3 million in a seed funding round. Arch0, a cloud security startup, raised $1.25 million in a pre-seed funding round. Mave Health, a healthtech startup, raised $719,202 in a pre-seed funding round, co-led by All-In Capital and Utsav Somani's iSeed Fund. These companies plan to use the funding to expand their operations, hire talent, and further develop their products.

Drone startup UrbanMatrix Technologies raises Rs 6 crore in funding

Economic Times

Economic Times · 1y ago

Drone startup UrbanMatrix Technologies raises Rs 6 crore in funding

UrbanMatrix Technologies, a drone tech startup, has raised Rs 6 crore in a pre-series A funding round led by Inflection Point Ventures. The funds will be utilized for product development, team expansion, and entering new markets. UrbanMatrix specializes in developing industrial drones and software for various applications, including survey, surveillance, agriculture, AI-aided inspection, and defense. The company aims to address the challenge of scaling drone operations through cutting-edge cloud technology. The drone industry has seen increased investments as demand rises from multiple sectors.

Minifeel raises INR 3 crore in pre-seed round led by 100X.VC

Startup News FYI

Startup News FYI · 2y ago

Minifeel raises INR 3 crore in pre-seed round led by 100X.VC

MiniFeel, a startup, secures INR 3 crore in a pre-seed funding round led by 100X VC, as reported on July 25, 2023. The investment will support the company's early-stage development and growth.

Dronetech startup Urban Matrix raises Rs 6Cr in pre-Series A round led by Inflection Point Ventures

IndianStartupNews

IndianStartupNews · 1y ago

Dronetech startup Urban Matrix raises Rs 6Cr in pre-Series A round led by Inflection Point Ventures

UrbanMatrix Technologies, an Indian drone tech startup, has secured Rs 6 crore in a Pre-series A funding round led by Inflection Point Ventures. The funds will be used for product development, team expansion, and entering new markets. UrbanMatrix develops industrial drones and software for various applications like survey, agriculture, and defense. It offers advanced encryption and cloud integration for data safety. The startup has partnerships with ISRO and holds certifications from DGCA. The drone industry is expected to grow exponentially, with a market size projected to reach $180 billion by 2030.

RenalProject revolutionizing the availability of dialysis therapy raises funding from JITO Angel Network

IndianStartupNews

IndianStartupNews · 1y ago

RenalProject revolutionizing the availability of dialysis therapy raises funding from JITO Angel Network

Mumbai-based healthcare startup RenalProject has secured funding in a pre-Seed round led by JITO Angel Network. The startup aims to enhance the accessibility of dialysis therapy in tier 2 and 3 cities in India by setting up micro-centers for dialysis. The funding will be utilized to expand the tech infrastructure and implement pipeline projects. RenalProject focuses on providing sustained dialysis therapy to minimize travel risks and ensure accessible dialysis for all in need.

Breathe ESG raises Rs 2.6 core in funding led by 100X.VC

Economic Times

Economic Times · 1y ago

Breathe ESG raises Rs 2.6 core in funding led by 100X.VC

Breathe ESG, a sustainability management SaaS startup, secured $315,000 in pre-seed funding led by 100X.VC. The investment, part of a pre-seed round, will be used to enhance product capabilities, expand offerings, and enter global markets. Breathe ESG, founded in July 2022, helps enterprises streamline sustainability efforts, making the transition to sustainable practices more accessible. The funding included participation from angel investors like Vipul Jain, Pradeep Lala, and Prashant Naik.

IISc-incubated spacetech firm SpaceFields raises ₹6.5 cr in seed round

Thehindubusinessline

Thehindubusinessline · 1y ago

IISc-incubated spacetech firm SpaceFields raises ₹6.5 cr in seed round

Bengaluru-based startup SpaceFields has raised ₹6.5 crores in a seed funding round led by HVB 88 Angels and O2 Angels Network. SpaceFields, an IISc-incubated company, specializes in designing and manufacturing rocket propulsion systems for aerospace, defense, and space applications. The funds will be utilized for hardware development, subsystem testing, R&D in energetic materials, and expanding the team. SpaceFields has previously received funding from Startup India Seed Fund and grants from Boeing India, the Government of Karnataka, and the Government of Odisha. The startup plans to double its team in the future.

Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding

VCCircle

VCCircle · 7m ago

Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding

Photonic quantum technology startup Quanfluence has raised $2 million in seed funding led by pi Ventures, while quick commerce startup KiranaPro has raised an undisclosed amount in a pre-seed funding round. Quanfluence plans to scale its upcoming products and support research for its flagship quantum computer. KiranaPro will use the funds to expand its teams, enhance its technology infrastructure, and drive geographical expansion.

Silence Laboratories, four others raise early-stage funding

VCCircle

VCCircle · 1y ago

Silence Laboratories, four others raise early-stage funding

Privacy-tech startup Silence Laboratories, SaaS startups Zvolv and Nurturev, construction material marketplace Bandhoo, and ambulance service provider Dial4242 have announced early-stage funding. Silence Laboratories raised $4.1 million in a pre-Series A funding round led by Pi Ventures to scale their technology and expand their presence. Zvolv raised $1.9 million led by Silverneedle Ventures to enhance their low-code/no-code AI platform. Nurturev secured $1 million in a pre-seed funding round led by Antler, while Bandhoo raised $886,479 in a pre-Series A funding round led by Venture Catalysts. Dial4242 secured $120,609 in seed funding from Raj Neravati to improve their ambulance services.

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