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Defence tech startup Constelli raises $3 million in round led by Pravega Ventures

Economic Times

Economic Times · 6m ago

Defence tech startup Constelli raises $3 million in round led by Pravega Ventures

Aerospace and defence tech startup Constelli has secured $3 million in a pre-Series A funding round led by Pravega Ventures. Founded in 2017, the Hyderabad-based company specializes in advanced signal processing solutions for aerospace and defence systems. The funds will be used for capital expenditure and R&D of new products. Constelli serves clients globally, including India's Ministry of Defence and defence contractors in South Korea, Australia, and Singapore, amid growing investor interest in the sector.

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Pravega Ventures leads $3 Mn pre-Series A round in Constelli

Entrackr

Entrackr · 6m ago

Pravega Ventures leads $3 Mn pre-Series A round in Constelli

Pravega Ventures leads $3 Mn pre-Series A round in Constelli Aerospace and defence tech startup Constelli has raised $3 million in a pre-Series A funding round led by Pravega Ventures. This is the company's first institutional funding round. The proceeds will be deployed towards capital expenditure and research and development (R&D) of new products, Constelli said in a press release. Co-founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli specializes in developing advanced signal processing solutions and tools that enhance the design, development, and testing of critical aerospace and defence systems. According to the Hyderabad-based company, it leverages modern technologies and advancements in hardware and software, modeling and simulation, and distributed computing to achieve transformation. The company focuses on enhancing technical sophistication and expediting the development lifecycle of payloads for airborne and ground defence platforms. Constelli says that its products and services are used globally by organizations developing radar and electronic warfare (EW) systems. The company claims that it serves India's Ministry of Defence, the Defence Research and Development Organisation (DRDO), and defence contractors in South Korea, Australia, and Singapore. The other notable players in this space are NewSpace Research & Technologies, IdeaForge, Garuda Aerospace, and others.

Exclusive: BNPL startup SalarySe raises $5.2 Mn from Surge and Pravega

Entrackr

Entrackr · 1y ago

Exclusive: BNPL startup SalarySe raises $5.2 Mn from Surge and Pravega

SalarySe, a financial services app for salaried employees, has raised $5.2 million in its maiden funding round led by Surge Ventures and Pravega Ventures. The startup specializes in developing buy now pay later (BNPL) products for the salaried class and competes with platforms like Postpe, Simpl, and Slice. The funding round values SalarySe at around $15 million, with Surge Ventures acquiring a 20.34% stake and Pravega Ventures owning 15.26% of the company.

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures

Entrackr

Entrackr · 1m ago

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures Defence-tech startup Armory has raised Rs 13 crore (around $1.5 million) in a funding round led by GrowX Ventures, with participation from Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors. The proceeds will be used to boost R&D, expand manufacturing, and speed up deployment. Founded in 2024 by Amardeep Singh, Armory develops indigenous counter-drone systems (C-UAS) capable of detecting, tracking, and neutralising rogue drones. Its flagship system, SURGE, has undergone field trials with multiple Indian Army units. The company’s technology is powered by Samaritan OS, an AI-led defence operating system offering real-time adaptability and continuous learning — features missing in traditional systems.

German defence startup Helsing raises $693 million in latest investment round

Economic Times

Economic Times · 1m ago

German defence startup Helsing raises $693 million in latest investment round

German defence start-up Helsing raised 600 million euros in its latest investment round, led by Spotify founder Daniel Ek. This funding values Helsing at 12 billion euros, ranking it among Europe’s top five private tech companies. The round was spearheaded by Prima Materia, Ek’s investment company, doubling its initial stake. Other contributors include Lightspeed Ventures, Accel, Plural, General Catalyst, and SAAB. Helsing specializes in AI software for military applications amid increasing geopolitics-driven defence spending.

Digital transaction monitoring startup VuNet Systems raises Rs 60 crore in Series B funding

Economic Times

Economic Times · 6m ago

Digital transaction monitoring startup VuNet Systems raises Rs 60 crore in Series B funding

VuNet Systems, a digital transaction monitoring startup, secured Rs 60 crore in Series B funding led by Pravega Ventures, with participation from Kotak Securities and others. The funds aim to expand VuNet's global presence, enhance product capabilities, and boost sales efforts. Founded in 2014, VuNet provides real-time IT operations insights to financial institutions using AI and ML, optimizing digital transaction workflows. VuNet's recent financing follows a previous $5 million Series A round.

Metafin, three others raise early-stage funding from multiple VCs

VCCircle

VCCircle · 1y ago

Metafin, three others raise early-stage funding from multiple VCs

Cleantech-focused non-bank financial company Metafin has raised $5 million in a funding round led by Prime Venture Partners and Varanium Capital. Metafin plans to utilize the funds to expand its presence across states, grow its loan book, improve technology, IoT stack, and hire talent. Cashinvoice, a supply chain finance platform, raised $3.4 million in a Series A funding round from investors including Pravega Ventures and HDFC Bank. Healthtech startup Piscium and home care brand Koparo also secured early-stage funding. Piscium raised $722,994 in a Series A round led by Unicorn India Ventures, while Koparo raised the same amount in a funding round led by 4P Capital Partners.

Fluid Analytics raises $1.6 Mn in pre-Series A round

Entrackr

Entrackr · 1y ago

Fluid Analytics raises $1.6 Mn in pre-Series A round

Cleantech startup Fluid Analytics has raised $1.6 million in its pre-Series A round led by Pravega Ventures and joined by an angel investor. The proceeds will be used to execute a global scale-up expansion starting with a focus on North America, the company said in a press release. Founded by Nidhi Jain and Asim R. Bhalerao, Fluid Analytics monitors water infrastructure health, waterway conditions, and the spread of water-borne diseases at scale. The startup claims to have successfully deployed solutions, monitored over 400 million gallons (1.5 billion litres) of urban wastewater spills and enabled the treatment and reuse of over 200 million gallons (800 million litres) daily. It continues to monitor a population of over 17.5 million for water-borne diseases, as an indicator of sewage spills. Its business model helps cities to combat water pollution sustainably, collaborating with utilities, contractors, and engineering firms. Early stage venture capital fund Pravega Ventures focuses on providing seed and pre-Series A funding. Its portfolio includes Crofarm (now Otipy), Fyle, SalarySe, Cashinvoice, and GrayQuest, among others.

InPrime Finserv raises Rs 50 crore in Series A1 funding led by Pravega Ventures

Economic Times

Economic Times · 1m ago

InPrime Finserv raises Rs 50 crore in Series A1 funding led by Pravega Ventures

InPrime Finserv, a tech-enabled non-banking financial company (NBFC) targeting India's emerging middle class, raised Rs 50 crore in a Series A1 funding round led by Pravega Ventures, alongside existing investors. Founded by Sneh Thakur, Manish Raj, and Rajat Singh in 2021, InPrime aims to expand into underserved regions, enhancing credit access for self-employed professionals and small retailers. With a tech-first approach, InPrime has supported over 7,500 households and plans further geographical expansion.

Deeptech imaging startup Optimized Electrotech raises $6 million from Blume Ventures, Mela Ventures, others

Economic Times

Economic Times · 3m ago

Deeptech imaging startup Optimized Electrotech raises $6 million from Blume Ventures, Mela Ventures, others

Deeptech imaging startup Optimized Electrotech raised $6 million in a Series A funding round led by Blume Ventures and Mela Ventures, joined by 9Unicorns and others. The funds will enhance AI-powered imaging for surveillance and expand globally. Optimized Electrotech, founded in 2017, develops solutions for defence and aerospace sectors, integrating onboard analytics for real-time intelligence. The company holds four patents and supports clients like Bharat Dynamics and the Indian Navy, aligning with India's self-reliance goals.

Supply chain finance startup Cashinvoice raises $3.4 million in funding round led by Pravega Ventures

Economic Times

Economic Times · 1y ago

Supply chain finance startup Cashinvoice raises $3.4 million in funding round led by Pravega Ventures

Supply chain finance platform Cashinvoice has raised $3.4 million in a Series A funding round led by Pravega Ventures. Other institutional investors participating in the round include HDFC Bank and existing investor Accion Venture Lab. Cashinvoice plans to disburse loans worth $2.4 billion to micro, small, and medium enterprises by FY25. The funding will also be used to expand the company's network into tier 2 cities and beyond. Cashinvoice specializes in digital lending and algorithmic discovery for supply chain finance.

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