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Pontaq invests Rs 5.5 Cr in Dweepi and Edgehax

EntrackrEntrackr · 7d ago
Pontaq invests Rs 5.5 Cr in Dweepi and Edgehax
Medial

Pontaq Ventures has invested Rs 5.5 crore (around $660K) in two Indian deeptech startups, Dweepi and Edgehax. The capital will support product development, tech expansion, and enterprise deployment as both companies scale in India and global markets. This marks Pontaq’s second round of investment in both startups. Headquartered in Chennai, Pontaq has backed more than 190 startups, including over 140 DeepTech ventures across India and the UK. The firm invests in AI, IoT, edge computing, robotics, enterprise automation, and other frontier technologies while offering portfolio companies market access and strategic support across cross-border corridors. Dweepi builds robotic track-inspection systems for railways. Its platform uses automation and AI to scan tracks and support predictive maintenance workflows for safety-critical infrastructure operators. Edgehax develops Edge AI computing platforms that integrate compute, connectivity, and storage into modular systems. The company works with enterprises to power real-time automation, AI workloads, and distributed intelligence at the edge. The investment will be used by Dweepi and Edgehax to strengthen engineering teams, expand deployments, and enhance technology stacks to target broader enterprise adoption. Pontaq operates across the UK–India corridor with additional exposure to the US and Canada. The fund backs companies across clean tech, health tech, fintech, and deep tech, and provides access to global markets along with hands-on operational guidance.

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Edgehax raises Rs 1.39 Cr in seed round from IPV

EntrackrEntrackr · 2m ago
Edgehax raises Rs 1.39 Cr in seed round from IPV
Medial

Edgehax, an Edge AI computing startup, has raised Rs 1.39 crore in seed funding from Inflection Point Ventures (IPV). The proceeds will be used to scale manufacturing, accelerate new product development, and expand into international markets including Singapore, the US, and Europe. Founded in 2025 by Prabhu Stavarmath and Savitri Patil, Edgehax builds modular edge hardware that combines compute, connectivity, and storage on a single board. Its platform enables startups, OEMs, and enterprises to develop hardware products faster without relying on overseas supply chains. Edgehax is already serving over 150 enterprises and has distributed developer kits to more than 100,000 students and faculty across 30 universities and IITs, contributing to India’s skilling ecosystem. The startup’s hardware is applied in industrial gateways, autonomous vehicles, humanoid robots, drones, defense systems, and 4G/5G connectivity. Its in-house DvarOS supports industrial edge gateways. Recently, Edgehax won the NXP Silicon Seeds Startup Program 2025 to build low-cost Edge AI compute modules for automotive and consumer IoT and also secured the MeitY Bhashini Startup Velocity 1.0 award. Edgehax competes with global players like NVIDIA Jetson, Qualcomm Robotics RB5, and Raspberry Pi.

Edge AI startup Edgehax raises Rs 1.39 Cr in Seed round led by IPV

EntrackrEntrackr · 3m ago
Edge AI startup Edgehax raises Rs 1.39 Cr in Seed round led by IPV
Medial

Edge AI startup Edgehax raises Rs 1.39 Cr in Seed round led by IPV Edgehax, a full-stack Edge AI hardware platform, has raised Rs 1.39 crore in a Seed round led by Inflection Point Ventures (IPV). The fresh funds will be deployed to scale up manufacturing, accelerate new product development, and expand market access across India and international markets including Singapore, the US, and Europe. Founded in 2025 by Prabhu Stavarmath and Savitri Patil, Edgehax builds modular Edge AI computing platforms that combine compute, connectivity, and storage on a single board. Its hardware has already found applications in industrial gateways, humanoid robots, autonomous vehicles, drones, defense systems, and NavIC-based tracking solutions. The startup has already partnered with over 150 startups, OEMs, and large enterprises, and has enabled 100,000 students and faculty across 30 universities and IITs through its developer kits. The brand claims to have already shipped over 5,000 edge gateway boards and plans to roll out 10,000 compute modules for consumer appliances by December 2025. Edgehax operates in a domain similar to global players such as Raspberry Pi, Nvidia Jetson, Google Coral, and Qualcomm’s AI boards.

UK-India cross-border VC firm Pontaq secures Rs 10 Cr from Navyug Global

EntrackrEntrackr · 1m ago
UK-India cross-border VC firm Pontaq secures Rs 10 Cr from Navyug Global
Medial

UK-India cross-border VC firm Pontaq has secured a Rs 10 crore investment from Navyug Global for its India-focused fund. The proceeds will be used to fund over 10 deep-tech startups in the cleantech and fintech sectors, Pontaq said in a press release. Navyug Global’s commitment as a Limited Partner (LP) reinforces confidence in Pontaq’s investment strategy and track record, supporting the firm’s ongoing fund expansion to back innovative startups in deeptech, sustainability, and frontier technologies across India and the UK. Pontaq’s India Fund focuses on early-stage investments across deeptech, AI, climate tech, and enterprise solutions, helping startups scale across geographies. Pontaq is a cross-border venture capital firm operating across the UK–India corridor, with investments spanning the US and Canada. The fund backs high-impact technology ventures in sectors such as cleantech, healthtech, fintech, and deeptech, with a strong focus on scalable innovations that create economic, social, and environmental impact. Beyond capital, Pontaq provides hands-on mentorship, strategic guidance, and global market access, enabling startups to scale rapidly and deliver transformative solutions across geographies.

Zomato invests Rs 500 Cr in Blinkit

EntrackrEntrackr · 10m ago
Zomato invests Rs 500 Cr in Blinkit
Medial

Food tech giant Zomato has invested Rs 500 crore (nearly $60 million) in its quick commerce subsidiary, Blinkit, bringing its total investment in the quick commerce segment to Rs 2,800 crore since the acquisition. The board has Blinkit has passed a resolution to issue 2,537 equity shares at an issue price of Rs 19,70,181 each to raise Rs 500 crore, its regulatory filing accessed from the Registrar of Companies shows. The capital injection into Blinkit comes just two months after Zomato raised Rs 8,500 crore through a Qualified Institutions Placement (QIP). The primary objective of that fundraising was to strengthen Zomato's financial position, enabling business expansion and strategic initiatives, particularly in the quick commerce segment through Blinkit. This marks Zomato's second capital infusion in Blinkit within seven months. In June 2024, it invested Rs 300 crore ($36 million) into the Albinder Dhindsa-led company. Blinkit, formerly known as Grofers, was acquired by the food delivery giant in an all-stock deal valued at Rs 4,477 crore ($568 million).

Bluestone board approves Rs 1,000 Cr IPO, CEO invests Rs 75 Cr

EntrackrEntrackr · 12m ago
Bluestone board approves Rs 1,000 Cr IPO, CEO invests Rs 75 Cr
Medial

Omnichannel jewellery retailer Bluestone appears close to filing a draft red herring prospectus (DRHP) as it has received the board’s approval for an initial public offering worth Rs 1,000 crore ($120 million) through a mix of fresh issues and offers for sale. According to company filings accessed by Entrackr, the board at Bluestone has passed a special resolution to approve its initial public offer of equity shares amounting to Rs 1,000 crore. The equity shares are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The utilization of the fresh proceeds to be raised via the IPO will be disclosed in the offer documents, the filings added. Bluestone has also passed a resolution to issue 13,00,000 equity shares to Gaurav Singh Kushwaha, the founder and CEO of the company, to raise Rs 75 crore ($9 million). The fresh investment by Kushwaha is aimed at meeting the minimum capital requirement for promoter shareholders, as mandated by the Issue of Capital and Disclosure Requirements (ICDR) regulations. As of now, Kushwaha’s aggregate shareholding, eligible for computing the minimum promoter contribution requirement for the company’s proposed IPO, stands at 9.15%, according to the filings. In September, Bluestone initiated its pre-IPO round worth Rs 900 crore. According to sources, Bluestone plans to price its IPO shares between Rs 550 -600 each. Data from TheKredible indicates that the company's post-money valuation reached approximately Rs 7,750 crore (around $922 million) excluding ESOP, following its latest private funding round. During the previous fiscal year (FY24), Bluestone reported a 64% year-on-year growth in revenue, reaching Rs 1,266 crore from Rs 771 crore in FY23. Simultaneously, the company managed to reduce its losses by 15%, bringing them down to Rs 142 crore in FY24. Titan-owned CaratLane, a competitor to BlueStone, reported revenue of Rs 3,081 crore in the last fiscal year (FY24). The company remained profitable during the year; however, its profit saw a slight decline, dropping to Rs 79 crore in FY24 from Rs 82 crore in FY23.

Nazara invests Rs 196 Cr in five firms including Funky Monkeys Play

EntrackrEntrackr · 12m ago
Nazara invests Rs 196 Cr in five firms including Funky Monkeys Play
Medial

Nazara Technologies Limited, India's premier listed gaming and esports company, has invested Rs 196 crores in four gaming companies. The company acquired a 60% stake in Funky Monkeys Play for Rs 43.7 crore. This investment in Funky Monkeys Play is aimed to expand Nazara’s footprints into physical entertainment. Nazara also invested Rs 4.2 crores in LearnTube.ai, an AI-driven educational platform with over 20 lakh users, to improve gamified learning experiences. The rest of the Rs 148 crore has been allocated to existing subsidiaries, including Nodwin Gaming, Sportskeeda, and Datawrkz at Rs 64 crore, Rs 69 crore and Rs 15 crore, respectively. “These initiatives align with our vision of creating a diversified global gaming and entertainment platform,” said Nitish Mittersain, CEO, Nazara. Nazara continues to dominate India's esports landscape with back to back acquisitions through main and subsidiaries. Recently, Nazara-backed NODWIN Gaming acquired a gaming agency Trinity Gaming for $2.8 million. In October, Nazara' subsidiary Datawrkz acquired a 100% stake in UK-based Space & Time. It also invested Rs 982 crore in PokerBaazi’s parent Moonshine Technology and acquired stakes in e-sports companies such as Stan, Fusebox Games, Kiddopia’s developer Paper Boat Apps, Ultimate Teen Patti, and DeltiasGaming. Last month, the Mumbai-based firm also raised Rs 855 crore (approximately $100 million) through a preferential issue. Nazara’s revenue from operations reported a modest growth of 7.4% Q-o-Q to Rs 319 crore in Q2 FY25 with profits increasing only 2.4% to Rs 21.75 crore in the same period. Before the market closed on Monday, the company’s shares were trading at Rs 1,012, with a total market capitalization of Rs 7,747 crore (approximately $922 million).

Go Digit invests Rs 30 Cr in Dr. Reddy’s Lab

EntrackrEntrackr · 9m ago
Go Digit invests Rs 30 Cr in Dr. Reddy’s Lab
Medial

Go Digit invests Rs 30 Cr in Dr. Reddy’s Lab Insurtech company Go Digit has invested Rs 30 crore in pharmaceutical major Dr. Reddy’s Laboratories, acquiring a 0.32% stake in the company. “The investment in shares is being made in the ordinary course of the investment function of the company,” Go Digit said in an exchange filing. Established in 1984 by Kallam Anji Reddy, Dr. Reddy's Laboratories is an Indian multinational pharmaceutical company that manufactures and markets affordable medicines. It provides a portfolio of products and services, including active pharmaceutical ingredients (APIs), custom pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. Founded in 2017 by Kamesh Goyal, Go Digit is a full-stack digital insurance company that offers a wide range of non-life insurance policies across sectors such as motor vehicle, health, travel, and property, among others. Go Digit’s profit after tax (PAT) surged 176.46% year-on-year (YoY) to Rs 118.52 crore in Q3 FY25, driven by steady revenue expansion and a controlled rise in operating expenses. As of December 31, 2024, Go Digit’s assets under management stood at Rs 18,939 crore. Go Digit competes with other notable players like Acko, ICICI Lombard, Bajaj Allianz, Tata AIG, among others.

Nikhil Kamath invests Rs 137.5 Cr in Goldi Solar

EntrackrEntrackr · 3m ago
Nikhil Kamath invests Rs 137.5 Cr in Goldi Solar
Medial

Nikhil Kamath invests Rs 137.5 Cr in Goldi Solar Goldi Solar, a solar photovoltaic (PV) module manufacturer, has raised Rs 137.5 crore from Zerodha co-founder Nikhil Kamath. The proceeds will be used for its expansion into solar cell production, Goldi Solar said in a press release. Established in 2011 by Ishverbhai Dholakia, Goldi Solar manufactures solar PV modules, with a significant presence in India and global exports to over 20 countries. The company has a large module manufacturing capacity, currently at 14.7 GW, and is expanding its cell manufacturing capabilities as well. Besides module manufacturing, the Surat-based company also offers Engineering, Procurement, and Construction (EPC) services for solar projects. It is involved in Corporate Social Responsibility (CSR) initiatives, including supporting educational institutions and providing mid-day meals for students. Goldi Solar claims to have increased its module manufacturing capacity from 3 GW to 14.7 GW in the last 12 months. The company is also focused on backward integration with plans to establish a large-scale cell manufacturing facility by 2026. It aims to achieve a 1 GW Solar Park (IPP) by FY 2025-26. According to the company, it will focus on introducing high-efficiency modules and advanced cell technologies, targeting both domestic and export markets. For the fiscal year ending in March 2024, Goldi Solar reported Rs 1756.36 crore in revenue with a profit of Rs 59.38 Cr. The company has yet to file its annual report for FY25. “Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground. It is imperative that we back these companies to accelerate the country’s clean energy transition,” said Nikhil Kamath, co-founder of Zerodha.

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