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Former Zetwerk employees’ startup Sanlayan acquires Dexcel Electronics

EntrackrEntrackr · 5m ago
Former Zetwerk employees’ startup Sanlayan acquires Dexcel Electronics
Medial

Sanlayan Technologies, a strategic electronics startup, has acquired a majority stake in Dexcel Electronics, a 20-year-old embedded systems company. This acquisition will strengthen Sanlayan’s ability to deliver advanced indigenous solutions that support national security and drive technological innovation in critical sectors such as defense, aerospace and space. Founded by former Zetwerk employees Abhijit Kothawale, Rohan Gala, and Rahul Vamsidhar, Sanlayan raised $4.4 million in its seed round last year from prominent institutional investors, including Gemba Capital, Singularity Ventures, and others. Dexcel has contributed to major defence and space projects, including Jaguar and Sukhoi aircraft upgrades and ISRO’s Chandrayaan-3 and Aditya-L1 missions. “Joining forces with Sanlayan represents a transformative step for Dexcel. This partnership will manifold our R&D investments, enabling us to deliver impactful solutions to our customers,” said Amit Kumar Sinha, CEO & Managing Director of Dexcel Electronics Designs. Rohan Gala, CEO of Sanlayan, said the investment in Dexcel will scale its core capabilities to address challenges in embedded electronic systems. Sanlayan and Dexcel will showcase their innovations at Aero India 2025 from February 10 to 14.

Dream Aerospace raises Rs 3 Cr in pre-Seed round

EntrackrEntrackr · 5m ago
Dream Aerospace raises Rs 3 Cr in pre-Seed round
Medial

Aerospace and defense startup Dream Aerospace has raised Rs 3 crore in a pre-seed funding round led by Inflection Point Ventures (IPV). The fresh funds will be allocated towards accelerating the development of its ATOM Thruster, validating the propulsion system, and establishing an in-house high-altitude test facility, Dream Aerospace said in a press release. Co-founded in 2022 by Hari Krishnan KJ and Rogith S, Dream Aerospace aims to empower satellite propulsion systems by offering high-performance, cost-effective, and scalable solutions tailored to diverse mission needs. It leverages indigenous technology and aligns with India’s "Make in India" and "Atmanirbhar Bharat" initiatives, making it a preferred partner for both commercial and defense applications. The Chennai-based startup develops customizable, affordable, and agile thrusters to enhance satellite operations and space missions. Furthermore, the company prioritizes safety by improving fuel handling processes for ground personnel. It addresses the critical demand for environmentally friendly and efficient propulsion systems, paving the way for a more sustainable future in aerospace technology. Dream Aerospace claims that it delivers superior propulsion performance at a significantly lower cost compared to international alternatives. Currently outsourcing production to meet early market demands, it plans to establish in-house production facilities with an annual capacity of 40–50 thrusters, ensuring scalability and efficiency. Dream Aerospace aspires to enable cutting-edge, efficient, and scalable solutions that empower the next generation of CubeSats and larger satellites.

Defence electronics startup Sanlayan raises Rs 186 Cr in Series A

EntrackrEntrackr · 1m ago
Defence electronics startup Sanlayan raises Rs 186 Cr in Series A
Medial

News Article: Defence electronics startup Sanlayan raises Rs 186 Cr in Series A Sanlayan specializes in the design and development of advanced electronic systems, including radar, electronic warfare, and mission-critical avionics. Aerospace and defence startup Sanlayan Technologies has raised Rs 186 crore ($22 million) in its Series A funding round led by marquee investors Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures, with participation from existing investors Gemba Capital, Singularity Ventures, and new investor Shastra VC. With the fresh funding, Sanlayan plans to increase its engineering headcount fivefold in the next six months. According to the startup, it is actively hiring domain experts, R&D scientists, retired armed forces veterans, and senior leadership from both public sector undertakings and private defence giants. Founded by former Zetwerk employees Abhijit Kothawale, Rohan Gala, and Rahul Vamsidhar, Sanlayan specializes in the design and development of advanced electronic systems, including radar, electronic warfare, and mission-critical avionics. The startup raised $4.4 million in its seed round in March last year from prominent institutional investors, including First Cheque, Gemba Capital, Singularity Ventures, and others. “We will continue to acquire capabilities both organically and inorganically. We are allocating capital for suo-moto development of critical technologies for CUAS and EW systems. In the last six months, we have strengthened Dexcel’s design and manufacturing capabilities and are now gearing up to execute large-scale indigenisation and upgrade programs,” said Rohan Gala, co-founder and CEO of Sanlayan. Sanlayan recently acquired a majority stake in 20-year-old embedded systems firm Dexcel Electronics to boost its capability to deliver advanced indigenous solutions for defense, aerospace, and space sectors. Dexcel Electronics has contributed to key programs like Jaguar, Sukhoi, LCA Tejas, and Chandrayaan-3. Sanlayan, leveraging its in-house R&D, is also developing AESA radar for India’s unmanned underwater vehicle (UUV) program. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

Indian space tech startups secured $126 million funding in 2023, up 7% from 2022: report

Economic TimesEconomic Times · 11m ago
Indian space tech startups secured $126 million funding in 2023, up 7% from 2022: report
Medial

India's space technology sector has seen a significant increase in funding, reaching $126 million in 2023, up 7% from the previous year. This marks a substantial growth of 235% since 2021. The sector is driven by government support and notable innovations. The country currently has over 100 space tech startups, with the majority founded in the last five years. Funding mainly occurs in the early stages, with early-stage rounds accounting for $120 million of the total funding. However, the ecosystem for late-stage funding in Indian space tech startups is still developing. Skyroot Aerospace, Pixxel, and Agnikul are the top-funded startups in this field. Bengaluru leads as the city with the highest funding and the most space tech startups. Notably, there have been no significant acquisitions or emergence of unicorns in the sector as of 2024.

Telangana tech startups funding declines 78% to $99 million in 2023: Report

LivemintLivemint · 1y ago
Telangana tech startups funding declines 78% to $99 million in 2023: Report
Medial

Telangana tech startups experienced a significant 78% drop in funding, from $459 million in 2022 to only $99.2 million in 2023. This decline can be attributed to global macroeconomic trends and geopolitical factors. Despite this, Telangana tech startups have raised a total of $2.7 billion to date. The top-funded sectors in 2023 were Aerospace, Maritime & Defense Tech, EdTech, and Enterprise Applications. The report also highlights a decline in early-stage funding and a decrease in acquisitions within the Telangana tech space. Similar decreases in funding were observed in other Indian states such as Delhi NCR, Karnataka, Gujarat, Tamil Nadu, and Maharashtra. On the other hand, Kerala-based startups saw a 40% increase in seed-stage funding in 2023.

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