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Alumni engagement platform Vaave raises maiden external funding

EntrackrEntrackr · 2m ago
Alumni engagement platform Vaave raises maiden external funding
Medial

Vaave, an alumni engagement and networking platform, has raised Rs 6.6 crore in its first major external funding round, led by Aditya Vuchi and Raj Narayanam. The Hyderabad-based startup was bootstrapped and has so far been backed by friends and a handful of angel investors. The proceeds will be used to expand into new markets, enhance product offerings, and strengthen its category leadership in alumni networking. Founded by Paresh Masade along with Yasaswy Peesapati and Jaipal Reddy, Vaave’s business model centers on providing subscription-based SaaS solutions for educational institutions and corporates to strengthen alumni ecosystems and improve engagement. It partners with over 1,200 institutions across 28 countries, including IISc, IITs, IIMs, NITs, and IIITs, and also powers 35 corporate alumni platforms for companies such as Tata Steel, Deloitte, Virtusa, and Bosch. Vaave competes with platforms like Almabase, Graduway, and Hivebrite, which also focus on alumni engagement globally.

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Tsalla Aerospace raises $1 Mn in maiden funding round

EntrackrEntrackr · 11d ago
Tsalla Aerospace raises $1 Mn in maiden funding round
Medial

Snippets Tsalla Aerospace raises $1 Mn in maiden funding round Tsalla Aerospace has raised $1 million in its first external funding round led by Sunny Stalnaker, executive VP at ASML, with additional support from SIDBI and equity-free grants from the Ministry of Defence’s Innovations for Defence Excellence (iDEX) programme. The proceeds will be used to expand its autonomous systems platform and scale deployment for defence and industrial use cases. Founded in 2019 and incubated at the Indian Institute of Science (IISc), Tsalla Aerospace builds an AI-based autonomy stack for drones and unmanned systems. Its AI Pilot enables unmanned platforms to operate without GPS or communication support and aims to function with zero operator intervention. Tsalla works with the Indian Navy and Indian Army on multiple projects. These include confined-space reconnaissance systems, backpack-based VTOL platforms designed for single-person operation, and logistics use cases such as ship-to-ship delivery in difficult weather conditions. Tsalla competes with domestic defence and autonomy companies such as ideaForge, NewSpace Research & Tech, Sagar Defence, CRON Systems, and global dual-use autonomy developers. According to the company, it also plans to raise $8 million in a seed round to expand its autonomy stack, grow deployments in India and international markets, and enter new defence and industrial segments.

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