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Airbound raises $8.65 Mn in seed funding round

EntrackrEntrackr · 2d ago
Airbound raises $8.65 Mn in seed funding round
Medial

Airbound, an autonomous delivery logistics firm specializing in blended-wing-body aircraft, has raised $8.65 million in a seed funding round and entered a pilot partnership with Narayana Health. The round was led by Lachy Groom, with participation from Humba Ventures, existing investor Lightspeed, and senior leaders at Tesla, Anduril, and Ather Energy. Following this seed round, Airbound has raised over $10 million in total funding. The funds will be used to scale manufacturing, expand operations beyond medical delivery, refine its technology, and prepare for wider market adoption in 2026, Airbound said in a press release. Launched in 2023 by Naman Pushp, Airbound aims to make logistics seamless and delivery costs negligible, enabling fast, reliable transport across all sectors, including underserved regions. The company’s proprietary carbon-fiber manufacturing process allows rapid production of drones, each achieving a payload-to-aircraft mass ratio of 1 kg to 1.5 kg. According to Airbound, its blended-wing-body tailsitter design combines vertical takeoff and landing with the efficiency of fixed-wing flight, overcoming the limitations of tilt-rotor and quadplane designs. The company’s aircraft form the backbone of a scalable, cost-efficient, borderless supply chain. Airbound has launched a three-month pilot partnership with Narayana Health, aiming to complete 10 medical deliveries per day, including blood samples, test kits, and essential supplies. This program provides a proof of concept for one of the most demanding delivery applications, demonstrating reliability, speed, and cost efficiency.

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Dronetech startup Airbound raises $1.7 Mn in seed capital

EntrackrEntrackr · 11m ago
Dronetech startup Airbound raises $1.7 Mn in seed capital
Medial

Drone technology startup Airbound has raised $1.7 million in a seed round led by Lightspeed, with additional participation from gradCapital and other angel investors. The Bengaluru-based company had previously raised $50.1K. Airbound plans to deploy the fresh funds towards R&D efforts, initially focusing on medical deliveries, such as routine supply transportation from health centers to testing labs. The company also aims to expand into other applications, including food and grocery delivery, where reducing logistics costs can significantly boost profitability, according to a press release. Founded in 2020 by Naman Pushp, Airbound is a drone delivery company focused on building next-generation drones that can reduce last-mile delivery costs by over two orders of magnitude. The company claims to overcome key technological bottlenecks, condensing 30 kg of hardware into 1 kg, which improves safety, scalability, and operational costs. Its proprietary blended wing body tailsitter design, known as TRT, aims to transform logistics. Airbound states that its TRT design will produce the lightest, safest, and most economically viable delivery drone, reducing delivery costs to just a few cents. The company asserts that its drone is over three times lighter than conventional alternatives, with four times the aerodynamic efficiency, significantly lowering both upfront and operational expenses. Airbound meticulously examines every vehicle system to reduce weight, enhance safety and reliability, and maximize efficiency. It has introduced innovative carbon fiber manufacturing methods, allowing the weight of the airframe to be reduced from 6 pounds to just 400 grams. In India, Airbound competes with Red Wing and Tech Eagle, while it competes with companies like Wing and Zipline globally.

Space tech startup Akashalabdhi raises $1.2 Mn in pre seed round

EntrackrEntrackr · 20d ago
Space tech startup Akashalabdhi raises $1.2 Mn in pre seed round
Medial

Snippets Space tech startup Akashalabdhi raises $1.2 Mn in pre-seed round The proceeds will be used to develop ANTARIKSHAB, an expandable space habitat designed for orbital logistics, microgravity experiments, space habitation, and defense applications. Akashalabdhi, a space tech startup developing expandable space habitats and dual-use defense technologies, has raised $1.2 million in a pre-seed funding round from Uday Chatterjee, Romesh Sobti, Suraj Nalin, LVX, 1Crowd, and Riceberg Ventures. "Our vision is clear. We want to put India at the forefront of orbital infrastructure and space habitation by innovating dual-use technologies. The successful close of our pre-seed funding round is a significant milestone that brings us closer to this goal. With the support of our investors, we are one step closer to making ANTARIKSHAB a global reality,” said Siddharth Jena, Founder of Akashalabdhi. Incubated at FSID, Indian Institute of Science (IISc), and TIDES, IIT Roorkee, and supported by KickSky Accelerator, the company leverages research and mentorship to transform visionary concepts into scalable solutions.

Jobizo raises $1.4 Mn led by Alkemi Growth Capital

EntrackrEntrackr · 7m ago
Jobizo raises $1.4 Mn led by Alkemi Growth Capital
Medial

Jobizo raises $1.4 Mn led by Alkemi Growth Capital Healthcare HRtech firm Jobizo has raised $1.4 million in its pre-series funding round led by Alkemi Growth Capital. This investment follows the $500,000 seed funding round led by AROA Ventures in 2022. The proceeds will be used to create 100,000 healthcare jobs in India and 3,000 jobs abroad within the next 18 months and aims to complete 10 million job hours over time. Co-founded by Naveen Trehan and Avishek Agarwal, Jobizo is an AI-powered platform that connects employers with skilled professionals. The platform has contributed to over 10 million additional patient care hours in India. By using its expanding investor network and market expertise, Jobizo aims to create a welcoming environment for the workforce and tackle skill gap issues. Post seed round, Jobizo's growth claims to have grown over 500%, facilitated over 20,000 jobs in India and international countries, and helped fill over 10 million job hours.

Admission startup Ambitio raises $2 Mn in seed round

EntrackrEntrackr · 7m ago
Admission startup Ambitio raises $2 Mn in seed round
Medial

Admission startup Ambitio raises $2 Mn in seed round Admissions startup Ambitio has secured $2 million in a seed funding round led by BLinC Invest along with participation from Ritu Bapna and other investors. Prior to this, the startup raised $187K in the same round from First Cheque and others. The fresh funds will be used to invest in technology and scale distribution channels, Ambitio stated. Co-founded in 2022 by Dirghayu Kaushik and Vikrant Shivalik, Ambitio is an AI-driven admissions platform leveraging over 10 million data points to provide a personalized admissions experience. It aims to match students to best-fit universities using real admission data. Ambitio claims successful admissions in top colleges like Harvard, Stanford, Columbia, and Oxford. It plans to help over 500,000 students access global education in the next two years and competes with startups such as Yocket, Gradvine, and MiMEssay.

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