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Planys Raises INR 43 Cr To Offer Underwater Infrastructure Testing Solutions
Inc42 · 1y ago
Medial
Deeptech startup Planys Technologies has secured INR 43 crore ($5 million) in funding led by angel investor Ashish Kacholia. The Indian company, founded by IIT Madras alumni and faculty, offers underwater infrastructure testing solutions. The funding will be used to accelerate Planys’ mission to revolutionise infrastructure inspections through advancements in marine robotics, underwater testing, and digital analytics and reporting platforms. Planys already works with industry players including Reliance Industries, IOCL, BPCL, and Indian Railways, and aims to expand globally and diversify into oceanographic and defence use cases.
Planys Technologies, PlatinumRx secure early-stage funding
VCCircle · 1y ago
Medial
Deeptech startup Planys Technologies has secured $5.1 million in funding led by Ashish Kacholia, with participation from other investors. Planys specializes in marine robotics, underwater non-destructive testing, and infrastructure management solutions. The company's technology stack is developed and manufactured in India and targets industries such as dams, bridges, ports, and oil and gas. In a separate deal, healthcare startup PlatinumRx has raised $800,000 in seed funding. The Bengaluru-based company curates and offers value substitute essential medication, aiming to provide cost-effective options for consumers. The funds will be used to expand its distribution network and product offerings.
Anscer Robotics raises $2 Mn in seed round
Entrackr · 4m ago
Medial
Anscer Robotics raises $2 Mn in seed round Deeptech startup Anscer Robotics has raised $2 million in its seed round led by Info Edge Ventures. The proceeds will be used to expand into new geographies and develop new product lines. Founded by Ribin Mathew, Ebin Sunny, Raghu Venkatesh, and Brijesh CA, Anscer Robotics makes smart robots that help move things in warehouses, factories, and logistics centers. The company’s flagship robots can carry up to two tonnes, including pallet movers, tuggers, conveyors, and lifters. The startup claims to have already deployed autonomous mobile robots (AMRs) at the units of its 15 enterprise customers across the US, India, Singapore, and Japan.
Decoding Bharat Innovation Fund’s $100 Mn deeptech investment play in India
Inc42 · 1y ago
Medial
Bharat Innovation Fund (BIF) is a deeptech-focused thematic fund in India. Founded in 2018, the fund is betting on the country's deeptech startup ecosystem, which is growing rapidly. BIF believes that deeptech startups have the potential to develop innovative solutions for various sectors and address global challenges. The fund primarily invests in pre-Series A and Series A rounds of B2B deeptech startups that already have a global customer base or the potential to cater to global customers. BIF has invested in 10 startups so far and is planning to raise its second fund soon.
Yali Capital Invests $4 Mn In Chip Design Startup C2i Semiconductors
Inc42 · 7m ago
Medial
Yali Capital, a deeptech venture fund, has invested $4 million in C2i Semiconductors, a fabless chip design company focused on analogue and mixed-signal designs. Yali Capital aims to support the growth of the chip design ecosystem in India and believes that there is a strong talent pool in the country for fabless chip design. This investment will contribute to the creation of globally competitive chip design companies in India.
Infinite Uptime secures $35 mn to expand presence in the US
Inshorts · 3m ago
Medial
Deeptech startup Infinite Uptime has raised $35 million in its Series C funding round led by Avataar Ventures. The round also saw participation from investors such as StepStone Group and LGVP, along with existing investors, including Tiger Global and GSR Ventures. The startup will use the capital to expand its footprint in the US and other markets.
Deeptech manufacturing startup Leumas raises $2.2 Mn in Seed round
Entrackr · 22d ago
Medial
Deeptech manufacturing startup Leumas has raised $2.2 million in a seed funding round led by Capital 2B, a deeptech-focused fund backed by Info Edge and Temasek, along with participation from Capital-A and Anicut Capital. The proceeds will be used to expand its R&D capabilities, scale on-demand manufacturing infrastructure, and launch pilot deployments of dedicated factories for wellness and pharma brands, Leumas said in a press release. Co-founded in 2016 by Subhajit Biswas and Nitesh K, Leumas offers on-demand manufacturing and factory-as-a-service models for wellness and pharma brands. Its solution is built on software-defined, modular robot factories that radically improve manufacturing and business outcomes - from development to commercial production. By combining automation, software intelligence, and R&D, it helps brands scale quickly, maintain quality, and reduce risk. According to Leumas, its core product is cyber-physical manufacturing technology: software-driven, modular production lines that integrate AI-led robotics, vision-based quality systems, and autonomous operations to ensure optimal production output and regulatory compliance. As per market research, the outsourced development and manufacturing market for pharma and wellness is expected to exceed $400 billion by 2030. Over the past year, Leumas claims to have co-developed its manufacturing solution with leading wellness brands and has helped scale more than 120 products across India, the US, and MENA. It has also signed agreements with prominent pharma and food research institutions to build dedicated factory capacities using its modular factory solution.
Big Bang Boom Pockets $30 Mn To Boost Its Anti-Drone Tech Playbook
Inc42 · 9m ago
Medial
Chennai-based deeptech startup, Big Bang Boom Solutions (BBBS), has raised $30 million in funding from investors including Mumbai Angels Network and Vyom Family Office. BBBS plans to use the funds to expand operations and develop new defence technologies. The startup previously secured a 200 crore rupee order from the Indian Air Force and Army for anti-drone technology.
Fashion Brand The Pant Project Raises $4.25 Mn To Expand Omnichannel Play
Inc42 · 1y ago
Medial
A startup, founded in 2020 by Dhruv Toshniwal and Udit Toshniwal, has secured funding to support their growth. The funding round included participation from MGA Ventures, Huddle, Dexter Ventures, and Indian Silicon Valley. The startup, which had been operating on a bootstrap model for the past 4 years, plans to utilize the funds to expand their team, enhance their technological capabilities, increase brand awareness, and establish a stronger presence in retail stores.
Matel raises $4 Mn in Series A round
Entrackr · 1y ago
Medial
Mobility and energy solutions startup Matel has raised $4 million in its Series A round, led by Transition VC. The round also saw participation from Gruhas and Haresh Abichandani. Founded in 2017, Matel manufactures synchronous machines and motor controllers for e-mobility, industrial applications, agricultural pumping, and HVAC sector. Specialised in designing and manufacturing high-efficiency electric motors and controllers, it offers a full-stack powertrain solution to OEMs of EVs and the industrial sector. The startup offers application in all kinds of EVs including 2-wheelers, 3-wheelers, 4-Wheelers, buses and off-road vehicles. It started the mass production of powertrains in April 2024 after receiving successful validation and certification by various EV OEMs. Later this year, it will start supplying products for traction and auxiliary application in the CV segment, which is in the 350V segment and up to 100 KW power. In addition, Matel will also start delivering products in 600V and 200 KW power range in FY26, which are currently under the design phase. Over the next two years, it Matel plans to foray into electric motors required in the defence sector. With an order book already in hand and firm plans for product portfolio expansion, Matel is looking forward to exceeding Rs 100 crore in annual sales by next year.
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