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.
Medtech startup Qure.ai has secured $65 million in Series D funding, co-led by Lightspeed Venture Partners and 360 ONE Asset Management. The funds will be used for expanding into new markets, improving AI models, and supporting acquisitions. Founded by Prashant Warier in 2016, Qure.ai leverages AI for rapid diagnostics in medical imaging, detecting conditions like brain trauma and chest diseases. With AI playing an increasing role in healthcare, India’s medtech sector is evolving through digital health innovations, AI integration, and wearable technology advancements.
The Indian Space Research Organisation (ISRO), in collaboration with IIIT Hyderabad's National Remote Sensing Centre (NRSC), has announced the AI for Space Immersion Startup Challenge. This initiative aims to nurture the next generation of space-tech pioneers through activities like ideation sessions, pitching rounds, industry talks, panel discussions, and mentorship. Dr. Srinivas K., Director of NRSC, emphasized the importance of collaboration to solve complex space and geospatial challenges. Participants can choose between the Startup Challenge for early-stage startups and established companies, or the Student/Research Challenge for researchers and students. The event offers funding opportunities, industry exposure, networking, and collaboration with ISRO scientists and industry leaders. Applications are open for visionaries to submit proposals online.
Google, in collaboration with India's Ministry of Electronics and Information Technology (MeitY), has launched an initiative to train 10,000 startups in artificial intelligence. Announced at Google I/O Connect in Bengaluru, the program offers eligible startups up to $350,000 in Google Cloud credits, an AI-first programming curriculum, and a launchpad to expand their services. Google will provide access to its Gen AI models, Gemini and Gemma, along with language tools from Google DeepMind India to support services in local languages. Google also announced expanded access to powerful AI models like Gemini 1.5 Pro and Gemma 2, and plans to host a GenAI Hackathon and AI Startup Bootcamp in India. Additionally, Google has reduced fees for its Google Maps Platform and introduced the open-source AI model Gemma 2 to Indian developers.
Hunar.AI, founded in 2022, has quickly become a leader in frontline and volume hiring through advanced AI and intelligent automation. The platform's solutions, including Find.AI, Engage.AI, and Hire.AI, address the complexities of high-volume hiring in industries with high attrition and skill gaps. By integrating with traditional ATS platforms, Hunar.AI enhances their functionality, streamlining the hiring process from sourcing to onboarding. Hunar.AI's impact is evident in sectors such as BFSI, E-commerce, logistics, retail, consumer goods, and energy. With multilingual communication and deep technology integration, the platform has driven exceptional outcomes, achieving 15X growth. Co-founded by Krishna Khandelwal and Dr. Shantanu Bhattacharyya, Hunar.AI aims to expand globally, setting new benchmarks for hiring efficiency.
California-based Glean Technologies has opened its first office in Bengaluru, India, spanning 26,000 square feet. This new hub will centralize the company’s finance, sales, research and development, and business operations in India. Founded in 2019 by Arvind Jain, Vishwanath T R, Tony Gentilcore, and Piyush Prahladka, Glean Technologies is known for its enterprise search and knowledge management solutions that integrate company data across various platforms. Headquartered in Palo Alto, Glean has raised $350 million from top investors, achieving a valuation of over $2.2 billion. The company plans to expand its workforce from 150 to over 450 employees by next year, focusing on R&D in Bengaluru. Glean is also growing its APAC customer base through strategic partnerships with major enterprise firms.
