Thrustworks Dynetics, an Indian propulsion systems startup, has raised Rs 7 crore in a seed funding round led by Jamwant Ventures, with participation from Piper Serica, SINE-IIT Bombay, and other investors. The funding will be used to scale the company’s Integrated Rocket Facility, strengthen R&D in advanced propulsion systems, and expand testing capabilities to cater to the growing global demand for commercial space access. Founded in 2023 by Manan Joshi, Kalyani Shinde, and Vinith Shenoy, Thrustworks Dynetics focuses on designing and developing liquid rocket engine systems and subsystems, along with proprietary software and test infrastructure. The company is developing ANYA,…
Author: Aman Atulya
The Medical Travel Company, a tech-driven healthcare platform founded by Dineout alumni Ankit Mehrotra and Sahil Jain, has raised $4.5 million in a seed funding round led by Nexus Venture Partners. The round also saw participation from Kriscore Capital and 4CAST, an athlete-led investment group backed by international cricketers Ben Stokes, Jofra Archer, and KL Rahul. Prominent angel investors including Sriharsha Majety (Swiggy), Abhishek Goyal (Tracxn), Ritesh Malik (Innov8), Manish Vij, Arjun Vaidya, 1947 Rise Fund, and Peercheque also participated in the round. Scaling Global Medical Journeys The funds will be used to expand operations in India and the UK,…
Lucio, an India-based legal tech startup, has raised $5 million in funding led by DeVC, with participation from investors Ashish Kacholia and Lashit Sanghvi. The funding marks a major step toward transforming how legal professionals manage their daily workflows through artificial intelligence. The company plans to utilize the funds to enhance product features, expand its reach to more law firms and professionals, and strengthen its AI capabilities. Lucio also aims to integrate with major legal databases and enter new international markets as it scales its operations. Founded to simplify legal work through technology, Lucio is building an AI-native workspace that…
August AI, a healthtech startup developing an AI-powered digital health companion, has raised $3 million in funding from Accel and Claypond Capital, the family office of Ranjan Pai. The fresh funds will be used to strengthen product development, expand the platform’s medical knowledge base, and accelerate customer acquisition. August AI also plans to scale its data infrastructure, improve model accuracy, and enhance the user experience across multiple regions and languages as part of its global expansion strategy. Founded in 2022 by Anuruddh Mishra, August AI provides a conversational artificial intelligence chatbot that helps users manage their healthcare journeys — from…
BytePe, a new-age tech subscription platform, has officially launched to make access to premium smartphones simpler and more affordable for Indian consumers. Founded by Jayant Jha, former Flipkart leader and co-founder of Yaantra, BytePe is reimagining how Indians own and upgrade technology. Traditionally, consumers have relied on EMIs or upfront purchases to buy smartphones, often holding on to older models for years. BytePe introduces a flexible subscription model, allowing users to pay monthly fees lower than EMIs, upgrade annually, and enjoy premium devices without long-term commitments. Affordable Access to the Latest Tech At launch, BytePe offers access to the newly…
Fabless semiconductor IP company Morphing Machines has raised Rs 38.36 crore ($4.32 million) in a Series A funding round led by IAN Alpha Fund, with participation from Speciale Invest, IvyCap Ventures, and Navam Capital. Existing investors such as Golden Sparrow Ventures, IIMA Ventures, and DeVC also joined the round. This follows the company’s $2.76 million seed round raised in June last year, led by Speciale Invest and other early backers. The fresh funds will be utilized to develop and test Morphing Machines’ first chip, expand its engineering team from 50 to 90 members, and launch pilot projects with data center…
Affluense AI, a business intelligence platform that helps companies engage high-net-worth customers, has raised Rs 3 crore in a pre-seed funding round led by Zeropearl VC, with participation from prominent investors including Kunal Shah, founder and CEO of CRED, and Pravin Jadhav. The startup plans to use the fresh capital for product development, technology infrastructure, market expansion, and talent acquisition, according to a company press release. Transforming Affluent Customer Engagement Founded by Sumit Sahu and Rishi Kumar, Affluense AI aims to help businesses serving affluent clients discover, understand, and connect with high-net-worth individuals more efficiently. Its platform offers features such…
Sustainable waste management startup EcoEx has raised $4 million in a seed funding round co-led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund, with additional participation from other investors. The fresh capital will be deployed to enhance technology, recruit talent, expand operations, and strengthen clean technology solutions as the company scales its Waste Commodity App, EcoEx said in a press release. Empowering Ethical Waste Management Founded in 2020 by Nimit Aggarwal and Akshaya Rath, EcoEx provides end-to-end solutions in waste collection, EPR services, and waste commodity trading. Through technology tools such as EPR Pro, a B2B…
JSW One Platforms, the B2B e-commerce and industrial supply arm of the JSW Group, today announced it has raised ₹575 crore from a consortium of strategic and financial investors including State Bank of India (SBI), JSW Steel, Principal Asset Management, OneUp, International Conveyors, and Scarlett Ventures. Valuation & Round Context This funding round, which began earlier in May, values JSW One Platforms at approximately ₹8,575 crore. The company had previously raised ₹340 crore in an earlier tranche, which had propelled it into the unicorn club. What JSW One Does JSW One operates via two verticals — JSW One Distribution and…
Tech-enabled B2B logistics platform Navata Supply Chain Solutions (Navata SCS) has raised Rs 13.5 crore ($1.52 million) in a funding round led by Abyro Capital, with participation from existing investor Equanimity Investments, which had led the company’s previous round. Funding Round Highlights The fresh capital will be used to accelerate pan-India expansion, strengthen the company’s AI-led logistics infrastructure, and enhance enterprise solutions for mid- and large-market clients across manufacturing, retail, and e-commerce sectors. This is Abyro Capital’s first investment in India, following its prior US bets in NavaFlex Inc. and Monetize360. Modernizing B2B Logistics Founded by siblings Hima Parvataneni and…