SERIES A TRACKER

Tracking Pre-Series A and Series A deals that close in India every week

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Links out to the the websites of the startup and its investors, along with LinkedIn profiles of the founders and fundraising news.

May 12

Fabless semiconductor startup designing AI-native System-on-Chip (AISoC) products for edge computing and Physical AI applications. The company is developing purpose-built chips for consumer electronics, EVs, industrial automation, and data centres that deliver low-latency, high-efficiency AI processing directly on devices, reducing reliance on cloud. They co-designed the Indus 1011 chip with boAt, to be integrated into 25% of boAt's devices by 2026, assembled by Tata Electronics. $13M Series A led by Ideaspring Capital, with participation from Singularity AMC, Avatar Growth Capital, and existing investor Persistent Systems. Founded in August 2023, Bangalore-based. Founders: CEO Ramamurthy (IIT Kharagpur; MS Computer Science, New Mexico Institute of Mining and Technology) was VP and Managing Director at Intel Capital for over a decade. COO Ganesh (BMS College of Engineering '87, MS EE, University of Idaho '92) previously held senior roles at SanDisk, Motorola/Freescale, and AMD.

Founders
May 12, 2026
Fundraise news
Investors
Wk 20 (11-17 May)

Construction robotics startup building Physical AI for the built environment, deployed on-site as a service across construction, mining and warehousing. Its flagship Flo Hauler is a battery-powered autonomous mobile robot carrying up to 1.5 tonnes of materials across multi-floor projects, uneven terrain, and changing site layouts, with the company also developing automation for tiling, wall finishing, and screeding (a construction technique). Over 60 robots are deployed across 10 Indian states with clients including L&T, Godrej Properties and Embassy Group. Customers report ~45% cost savings, 50% faster material movement, and a 67% reduction in accidents. $2.5M Pre-Series A co-led by Mela Ventures and Arali Ventures. The company raised its seed round (amount undisclosed) in December 2024 from JIIF, and a $400K pre-seed round in December 2021 from DevX Venture Fund, Venture Garage Angels, Blume Founders Fund, Indian Institute of Science (IIsc). Founded in December 2019, with operations starting around 2021. Bangalore-based. Founders: CEO Manesh (MBM Engineering College, Jodhpur '02, MDI Gurgaon '05) previously co-founded EdTech startup Mockbank (for government jobs) and was a Strategy Consultant at IBM. COO Pratik (Shri Ramdeobaba Kamla Nehru Engineering College '16) co-founded Lithos Motors, an EV venture, before Flo Mobility and also worked at BYJU's for a year in the business development team.

Founders
May 11, 2026
Fundraise news
Investors
Wk 20 (11-17 May)

Developer of service and delivery robots for hospitality, retail, QSR and healthcare. For example, its robots can undertake room service delivery, drive interactive promotions in-store, automate food delivery within a restaurant, and move medical supplies and meals within hospitals. Its robots are available via a subscription model (₹25,000-₹80,000 a month) to over 20 clients including Hilton and Reliance Smart. Building for the India market as well as the US/UK/MENA. ₹36CR (~$3.8M) Pre-Series A led by Alkemi. Founded in Oct 2022, Noida based. Founder & CEO Sanjeev spent seven years as Senior General Manager in Design & Technology at Nissan based in Japan, prior to which he was CTO at Diageo India (~five years) and RUMA Technology Head at Reckitt (nine years). His most recent stint was as Head of Strategy at digital transformation firm DigiTaiken.

Founders
May 7, 2026
Fundraise news
Investors
Wk 19 (4-10 May)

Full-stack AI compute platform for enterprise and data center workloads. The company is developing what it calls its Omni Processing Unit (OPU) for the semiconductor industry, aimed at supporting AI inference, training, and reinforcement learning. The OPU integrates CPU, GPU, memory, and connectivity into a single architecture. In Nov 2025, it announced $100M in pre-orders for the OPU. $5M Series A led by Pavestone. $17.9M seed round in Feb 2025. Founded in Oct 2023, California based. Founders: CEO Shalesh (Wichita State University, Case Western Reserve University) was the Founder, CEO & CTO of Tanzanite Silicon Solutions (specialized chips that let servers share memory across machines), which was acquired by Marvell Technology. He was Senior Director of the Extreme Compute Processors & Accelerators Group at Intel, and Director, Hardware (ASIC) Engineering at Cisco for 15 years; CDO Supriya (Wichita State University '93; USC '95) was Co-Founder & VP of Engineering at Tanzanite, and was Senior Director of Engineering at Intel (25 years); COO Guntrum was COO at Tanzanite and is also ex-Intel and Cisco (Principal Engineer, 12 years).

Founders
May 4, 2026
Fundraise news
Investors
Wk 19 (4-10 May)

Fabless semiconductor startup building secure, high-performance System on Chips (SoCs) focused AI Vision applications, that enable machines to process and interpret visual data instantly. These are critical for applications such as smart surveillance, autonomous systems and industrial automation, where decisions need to be made on the local device, not the cloud. This comes at a time when the majority of India’s surveillance and CCTV infrastructure relies on imported, predominantly Chinese SoCs. $6M Pre-Series led by IAN Alpha Fund, along with existing investors Vertex Ventures, IvyCap Ventures. Vertex led the $3M seed round in Aug 2024. Founded in 2024, Bangalore based. Founders: CEO Sunil (IIT Madras '92, IIM Bangalore '95) was Director- APAC at Broadcom, led new platforms and solutions at Intel India, and co-founded Zenoti (SaaS for spas); Co-Founder & Head of System Engineering Renuka (RV College of Engineering '92) is also ex-Broadcom (Associate Technical Director) and was a design engineer at Beceem Communications and Cypress Semiconductor; Co-Founder & Head of Technical Engineering Dinesh (BIET '94, National Institute of Technology, Karnataka '97) was Director of Engineering at Intel Corporation for seven years and is also ex-Cypress Semiconductor.

Founders
May 6, 2026
Fundraise news
Investors
Wk 19 (4-10 May)

Fabless semiconductor company developing REDEFINE, a runtime reconfigurable core processor designed for use cases in data centres, AI infrastructure and high-performance computing. Its many-core architecture allows hardware to reconfigure itself in real time, which means a single chip can handle multiple applications without needing separate hardware. Commercial launch in 2027. ₹42CR (~$4.4M) raised from Hero Enterprise Partner Ventures, Colossa Ventures and Navam Capital as part of a Series A round which closes at ₹80CR. The company had closed ₹38.4CR (~$4.3M) earlier, in Oct 2025 from IAN Alpha Fund, Speciale Invest, IvyCap Ventures, Golden Sparrow Ventures, IIMA Ventures, DeVC. Bangalore based, founded in Jun 2006 by Ranjani Narayan and S.K. Nandy, with Deepak Shapeti joining as CEO in 2021. Founders: CEO Deepak (BMS College of Engineering '03; Stanford '06) was Co-Founder & COO of Scool (mentorship platform), was Head of Strategy at TutorMate, and Director of Rupak Enterprises (API manufacturer) for a decade; CTO Ranjani (IISc PhD '89) was a technical lead at HP for a decade; S.K. Nandy has been a Professor at IISc since 1982.

Founders
April 27, 2026
Fundraise news
Investors
Wk 18 (27 Apr-3 May)

Surveillance-technology company building AI-powered systems for defence and commercial use. The company develops imaging platforms that provide real-time, actionable insights across land, air, and aerospace applications. Its technology is deployed with the Indian Army and Indian Navy, and across Bharat Dynamics Limited (BDL), Bharat Electronics Limited (BEL), India Optel Limited, and L&T Defence. ₹35CR round led by Exfinity Ventures with existing investors Blume, Mela Ventures, Venture Catalysts Group Angel Fund. Founded in 2017, Bangalore based. Founders: Sandeep (Gujarat University '01, IIM Calcutta '04) has been the chairman of Optimized Solutions (automated test equipment, monitoring and automation) for 21 years; Dharin (IISc) was a principal engineer at MediaTek for two years, before which he was co-founder of Immensa Semiconductors for two years. He was with Texas Instruments for over a decade. Purvi (KS School of Business Management '02) was Chief Strategy Officer at Paperchase (accountancy firm for the hospitality industry) and has been a non-executive director at Optimized Solutions since 2009.

Founders
April 27, 2026
Fundraise news
Investors
Wk 18 (27 Apr-3 May)

Electric VTOL (vertical take-off and landing) aircraft). Trial runs underway since December 2025. ₹10CR cheque from IndiGo Ventures, a likely Series A extension following on the company's $10M Series A1 from Accel in Jan 2025. Accel first led the company's $1.7M seed round. Founded in Jun 2023, Bangalore based. Founders: CEO Adrian (Pforzheim University '19; The New School '23) worked on product and operation design at German-based Lilium (electric VTOL planes); CTO Rakesh (Shivaji University '06; Coventry University '09) was a founding member of Lilium's product design team and co-founded Dreiwelt (3D modeling studio for consumer goods all the way to cars); Chief Innovation Officer Shivam (GTU '15; San Jose State Univ. '18) was a software engineer at US-based Joby Aviation (also electric VTOL) and was a firmware engineer at Samsung Semiconductor in SF.

Founders
April 16, 2026
Fundraise news
Investors
Wk 16 (13-19 Apr)

AI-led computer vision solutions for manufacturing and retail operations. Its visual intelligence tools automate tasks such as product quality inspection on factory lines and real-time shelf monitoring in retail stores. The platform helps manufacturers detect defects and ensure consistent product quality, while enabling retailers to track stock availability, shelf placement and compliance through automated image-based analytics. Revenue scale undisclosed, clients include Fortune 500 companies - Nestle, Johnson & Johnson, GSK, Reckitt, Pepsico. $2M Pre-Series A co-led by Finvolve and India Accelerator, with existing investors Cognify, IPV, AIF, IIM Lucknow Enterprise Incubation Centre (where it was incubated). Founded in Mar 2017, Noida based. Founders: CEO Amit Singh (IIM Lucknow '19) is ex-IMRB International and Tetra Pak, and was Retail Strat Planning Lead on the Samsung account at Cheil Worldwide; CTO Amit Srivastava (IIM Lucknow '16) was at ST Microsystems for 16 years, most recently as Principal Product Manager.

Founders
March 12, 2026
Fundraise news
Investors
Wk 11 (9-15 Mar)
Feb 24

Next-generation electrolyzers for green hydrogen production. The startup has developed a patented, membrane-less architecture designed to lower manufacturing costs and reduce system complexity, making hydrogen production more efficient and scalable. ₹28CR Pre-Series A from HDFC Bank and Mitsui Sumitomo Insurance. Existing investors Aavishkaar Capital, Peak XV Partners, Speciale Invest and Micelio Fund also participated. Founded in Aug 2020, Bangalore based. Both co-founders, Prasanta (SRM '11; Univ. of Manchester '12; Université Grenoble Alpes Ph.D. in Fluid Mechanics, Energy and Process Engineering '19); and Rochan (KU Leuven Master's; Eindhoven University of Technology PhD in Engineering Physics/Applied Physics) were part of the Entrepreneur First 2020 cohort and started out soon after their PhDs.

Founders
February 24, 2026
Fundraise news
Investors
Wk 9 (23 Feb-1 Mar)

Seed deals that closed each week, every Monday morning.

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