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pi Ventures leads Rs 30 Cr pre-Series A round in deep-tech company Velmenni

EntrackrEntrackr ยท 14h ago
pi Ventures leads Rs 30 Cr pre-Series A round in deep-tech company Velmenni
Medial

Snippets pi Ventures leads Rs 30 Cr pre-Series A round in deep-tech company Velmenni Launched in 2014 by Deepak Solanki, Velmenni is a deep-tech startup that empowers light-based wireless communication solutions using Li-Fi and Free Space Optics technologies. Velmenni, a deep-tech company in light-based wireless communication, has raised Rs 30 crore (approx. $3.3 million) in a pre-Series A funding round led by pi Ventures, along with participation from other investors such as MountTech Growth Fund-Kavachh and Apekso. The Delhi-based company had previously raised the same amount in a seed funding round and received Rs 7 crore in grants from the Department of Telecommunications (DCIS, TTDF) and the Ministry of Defenceโ€™s flagship iDEX programme. The proceeds will be utilized to accelerate the commercialization of its patented Free Space Optics (FSO) and Light Fidelity (Li-Fi) solutions and invest in building customized solutions for strategic defence and enterprise use cases while scaling in international markets, Velmenni said in a press release. Velmenni is a deep-tech startup that empowers light-based wireless communication solutions using Li-Fi and Free Space Optics technologies. The company enables secure, high-capacity connectivity for telecom, defence, and enterprise networks. It aims to unlock the next frontier of wireless communication using light. As surging data demand strains the limited radio frequency spectrum, Velmenni offers light/laser-based optical links, bypassing the need for expensive spectrum licensing or cable trenching while creating secure, interference-proof communication. โ€œWith an all-weather-tested, 100% Made in India design, we offer over 10Gbps seamless connectivity across ranges of 1-25 km. Whether for a tactical defence setup or a dense urban telecom network, we are providing a reliable, secure, and scalable alternative,โ€ said Deepak Solanki, founder and CEO of Velmenni. Velmenni said it has deployed Indiaโ€™s first commercial carrier-grade FSO backhaul links to enable a private 5G network at a GMR thermal power plant in Odisha, maintaining 99.999% availability for over 18 months in tropical weather conditions. The company has also secured a multi-million-dollar deal from the Indian defence sector for its specialised FSO solution, which will be deployed across all Indian submarines to address connectivity challenges in harbour environments. The company claims to have executed multiple successful PoCs and over 50 live deployments in India, the SEA region, and with Tier-1 mobile network operators in the US. Its product has obtained CE certification and will soon receive FCC clearance.

Astrome Technologies raises $10 Mn led by Appollo Fund

EntrackrEntrackr ยท 1y ago
Astrome Technologies raises $10 Mn led by Appollo Fund
Medial

Astrome Technologies, an e-band long-distance communication solutions provider, has raised $10 million in funding led by Appollo Fund, with follow-on investments from IAN Group. The funds will advance Astrome's innovative wireless connectivity technologies, scaling operations, expanding product lines, and entering the satellite communication market, the company said in a press release. The deeptech startup had previously raised $3.4 million in a bridge round in September 2021. "This foray into the satcom market represents the timely realization of the vision with which this company was founded โ€“ to drive innovation and create solutions that enhance connectivity on a global scale,โ€ said Neha Satak, CEO of Astrome. Astromeโ€™s GigaMesh integrates with optical fiber systems to enable 5G and 6G connectivity. Its features, like auto link alignment and point-to-multipoint connectivity, ensure faster deployment, lower costs, and better network performance. Astrome will soon supply its innovative GigaMesh product to the global market through partnerships with international OEMs. Current E-band technology faces limitations due to costly, mechanically aligned antennas, which GigaMesh aims to overcome. The company has improved rural connectivity in India by partnering with the government to deliver broadband to remote villages. Its cutting-edge technologies are trusted by major clients, including the Indian Army, Navy, and BSNL. For the fiscal year ending in March 2024, Astrome reported Rs 8.29 crore in revenue against Rs 2.71 crore in the previous fiscal year. During the period, its losses reduced to Rs 1.73 crore from Rs 4.93 crore.

Edgehax raises Rs 1.39 Cr in seed round from IPV

EntrackrEntrackr ยท 6m 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 Indiaโ€™s skilling ecosystem. The startupโ€™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.

Aerospace and defence tech firm CoreEL Technologies raises $30 Mn in Series B

EntrackrEntrackr ยท 2m ago
Aerospace and defence tech firm CoreEL Technologies raises $30 Mn in Series B
Medial

CoreEL Technologies, a provider of advanced electronic system- and sub-system-level products and solutions for the aerospace and defence sector, has raised $30 million in a Series B funding round led by ValueQuest Scale Fund, with participation from existing investor 360 ONE Asset. The funding follows CoreELโ€™s recent acquisition of the aerospace and defence systems division of Lekha Wireless, which significantly expanded its communication systems portfolio. The acquisition added proven wireless communication technologies, indigenous intellectual property, and specialised engineering talent, further strengthening CoreELโ€™s capabilities in the MILCOM domain. The proceeds will be channelled towards scaling manufacturing capacity, strengthening research and development, advancing product engineering, and supporting participation in large and complex aerospace and defence programmes in India and overseas, CoreEL Technologies said in a press release. CoreEL designs, develops, and manufactures advanced electronic system- and sub-system-level products for strategic applications across the radar, electronic warfare, avionics, and MILCOM sectors. The company has delivered several critical high-end electronic system-level products and solutions to both strategic and commercial customers. Its customers include DRDO, defence public sector companies, and the Ministry of Defence (MoD). According to the Bengaluru-based company, its products have been deployed in Indiaโ€™s next-generation avionics, radars, missiles, electronic warfare systems, MILCOM, and sonars, among others. The company aims to develop some of the most advanced electronic systems for strategic aerospace and defence programmes.

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