Mili, an AI-driven meeting assistant platform for wealth management firms, has raised $2 million in seed funding led by Chiratae Ventures and BoldCap. Founded by CEO Chirag Gandhi in early 2024, Mili aims to streamline workflows by offering secure, real-time AI assistance that integrates seamlessly with existing systems.
Netrasemi, a Thiruvananthapuram-based semiconductor startup, has raised ₹10 crore in a pre-Series A funding round led by Unicorn India Ventures. The funds will drive the development of cutting-edge AI/ML-enabled system-on-chips (SoCs) like Netra A2000 and Netra R1000, designed for edge AI applications in IoT devices. Founded in 2020 by Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha, Netrasemi aims to transform industries like medical, telecom, and robotics with cost-effective, high-performance chips. With projections of 150% revenue growth by FY25, this funding marks a significant step toward positioning India as a leader in semiconductor innovation.
Pathway, co-founded by CEO Zuzanna Stamirowska, has secured $10 million in seed funding to advance its live AI systems, which process and learn from data in real time. This investment, led by TQ Ventures, highlights the company's potential to revolutionize real-time data processing for organizations managing complex and sensitive information.
Ennoventure, a brand protection startup, has raised $8.9 million in Series A funding led by Tanglin Venture Partners. Using AI and blockchain, Ennoventure’s invisible signature technology allows for quick product authentication through simple scans. Already active in industries like pharma and FMCG, the startup aims to enhance its platform and expand its global reach, offering brands a powerful defense against counterfeiting in today’s fast-paced market.
Delhi-based startup Enlog has raised ₹1.75 crore in a funding round led by Vinners to expand its AI-powered energy management and IoT solutions. Founded in 2019 by Bharath Rankawat and Jharna Saha, Enlog helps businesses optimize energy use and reduce carbon footprints. With over 15,000 users and key partnerships in sectors like hospitality, Enlog plans to expand to major Indian metro cities and triple its revenue by 2025.
Febi.ai, a cutting-edge platform for accounting and bookkeeping, has raised $2 million in its pre-Series A round, co-led by Lumis Partners, former JP Morgan executive Virender Rana, and Lenskart co-founder Amit Chaudhary. Additional investors include Padmaja Ruparel (Indian Angel Network), Rohan Bhargava (Cashkaro), and Rajat Jain (Fino Payments Bank). The funds will be used to boost Febi.ai’s AI capabilities for automating accounting and tax compliance, expand customer acquisition efforts, and grow its workforce. Founded in 2022, Febi.ai provides real-time insights to startups and medium-sized businesses, offering effective documentation management and compliance solutions. As part of India’s rapidly expanding AI sector, Febi.ai joins other startups leveraging AI to revolutionize financial operations.
India’s drone sector is on the cusp of significant growth, with the government set to launch an improved Production-Linked Incentive (PLI) scheme tailored to startups and MSMEs. This initiative will address issues faced by smaller players, such as complex documentation and limited inclusivity, while offering increased financial support. The new scheme, with a proposed outlay of ₹1,000 crore, aims to encourage indigenous drone manufacturing, segment the market into civilian, defense, and counter-drone uses, and empower rural women entrepreneurs through programs like the Namo Drone Didi Scheme. This effort aligns with India’s Make in India vision and focuses on bolstering domestic innovation in both civilian and defense drone technologies.
JSW MG Motor India has selected seven startups for its MG Developer Program Season 5.0, focusing on integrating AI with electric mobility. These startups will develop innovative solutions to transform the electric vehicle industry, with support from partners like AWS and Exicom.
Perceptyne, an AI-driven robotics startup, recently secured $3 million in seed funding co-led by Endiya Partners and Yali Capital, with participation from Whiteboard Capital. The funding will accelerate Perceptyne’s development of semi-humanoid robots designed for tasks like assembly and packaging in manufacturing environments. These advanced robots integrate AI, computer vision, and multi-modal sensing technologies to reduce the time it takes for manufacturers to implement automation solutions.
IG Drones, India's leading Drone Tech and AI company, has raised $1 million in its initial funding round led by India Accelerator and angel investors. The funds will support advanced R&D for defense applications, alongside plans for global expansion. With India's drone market expected to grow to ₹2.5 trillion by 2030, IG Drones is well-positioned to capitalize on this momentum. The company’s AI-powered Jaga drone and other innovations are transforming sectors like defense and agriculture. IG Drones has completed over 500 projects, partnered with the Indian Army, and trained 50,000+ youth. With expansion plans in five countries, IG Drones is set to lead the drone tech revolution globally.
