Tracking Pre-Series A and Series A deals that close in India every week
Links out to the the websites of the startup and its investors, along with LinkedIn profiles of the founders and fundraising news.
Bengaluru-based premium toy brand built around character-driven, story-led remote-controlled vehicles, including RC drift cars, off-road trucks, tabletop RC drift cars, and high-speed RC cars, targeting both children and adult collectors. Every product belongs to a broader fictional universe with its own backstory and character, and the brand backs this with a free Lifetime Service programme for repairs rather than replacements. Crossed ₹30CR in annualised revenue within 18 months of launch, growing at 20% month-on-month. ₹21CR Pre-Series A from Singularity Early Opportunities Fund, Veltis Capital, Enzia Ventures, DeVC, Atrium Angels, and Stride. Founded in 2024, Bengaluru-based. Founders: Afshaan (ISB, PGP '17) held category and growth roles at Supertails and The Wellness Shop before founding the company. Vinay (ISB, PGP '17) was in finance and sales leadership at Livspace, Supertails, and Unacademy.
Premium beverage brand modernising India's most nostalgic flavours across eight drinks including banta, kala khatta, masala cola, jeera soda, and shikanji, with contemporary branding, better ingredients, and premium packaging. Built with 100% backward integration. Distributed across airlines, hotels, restaurants, and quick commerce platforms. ₹8CR Pre-Series A at a ₹80CR post-money valuation, led by DSG Consumer Partners, with participation from Kapil Chopra (EazyDiner & The Postcard Hotel). DSG led the seed round in 2023. Founded in 2021, Mumbai-based. The founders are a wife-husband duo. CEO Meet Singh Malhotra (Oberoi Centre of Learning & Development '13) was an executive chef with the Oberoi group for 11 years. CMO Akkshita (also Oberoi Centre for Learning and Development '12, Sri Guru Gobind Singh College of Commerce '15) worked in marketing roles at Nestle and PVR.
India's first app-based toy and book subscription library for children, operating on a circular play model where families access 1,000+ toys and books across 90+ brands through monthly plans starting at ₹599, returning items when interests change and swapping for new ones. Families can get these items delivered or visit one of EleFant's library hubs. The platform has 125+ franchise partners across 18 cities, with franchises available between ₹15-40 lakhs. The company also operates toy libraries for schools, with over a hundred school partners. The goal is to cross 50K subscribers across 20 cities in the next year. $1M Pre-Series round led by Growth Sense Venture Fund, with participation from JIIF, Arian Capital, and angels including Asit Oberoi (ex-YES Bank) and Vimal Saboo (Fibe). The company previously raised $750K in July 2024 from Venture Catalysts, Malpani Ventures and others. Founded in 2023, Mumbai-based. Founders: CEO Sourabh (KC College '09, The Institute of Chartered Accountants of India '11) was the Director of supply chain management at Chai Point before founding The EleFant. Co-Founder Srishti (Narsee Monjee '09) was previously the Chief Compliance Officer and company secretary of Ashv Finance for a year, before which she was the head of legal compliance at Monedo Financial Services.
AI-native intelligence platform that helps large organisations convert fragmented, siloed data into clean, AI-ready intelligence through a unified Data Hub, combining data integration, governance, analytics, AutoML, conversational AI, and GenAI tools in a single no-code platform. Generated ₹4.76CR in revenue in FY25 with a 142% CAGR. $1.5M Pre-Series A round led by Triton Investment Advisors (Triton Fund II). Founded in 2023, Gurugram-based. Founders: CEO Gaurav Shinh (University of Toronto- Rotman School of Management '09, Punjab Technical University '98) brings 27+ years of expperience in data and analytics, including a decade as founder of Daaslabs.ai and prior stints at Royal Bank of Scotland, Barclays, and HCL Technologies. COO Rohit Kumar (VIT '06, IIM Lucknow '15) was previously the director of operational risk reporting at Barclays, before which he was a global head at Syngenta.
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.
Full-stack Original Design Manufacturer (ODM) providing end-to-end product development and manufacturing for consumer appliance brands, covering product engineering, prototyping, proprietary tooling, certification, and mass production across home and kitchen appliances, personal care, and car accessories. Serves 40+ brands including Croma, Wipro, Amazon Basics, and Flipkart. ₹67CR Series A round led by Avaana Capital, with participation from Titan Capital Winners Fund. Founded in 2022, New Delhi-based. The company previously raised a ₹5.8CR seed round in June 2022 led by Titan Capital and Better Capital, along with 2am VC. Founders: Anand (IIT Delhi, BTech Textile Sciences '19) previously founded E-TEX Healthcare (smart textile solutions including the KAWACH Mask which was popular during COVID). Gaurang (Delhi College of Engineering, BTech Electrical & Electronics '16) previously founded Fivido Technologies (smart sanityware) and is a former Systems Engineer from Texas Instruments and Cube26. They were Founders in Residence in Entrepreneur First's Bangalore cohort (BA6).
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.
Operates bubble tea brand Bobaka. The company operates 14 compact-format outlets across food courts and high streets, with a range of fruit-based iced teas, milk teas, matcha drinks, and boba shakes. The company plans to open 30 stores this financial year, followed by 50 each in the subsequent two years, targeting ₹100CR annualised revenue by that time. Most stores are currently in Mumbai. ₹6CR Pre-Series A round by undisclosed investors. Founded in Mar 2023, Mumbai-based. Founders: CEO Rupali founded packaged tea brand TCW (Tea Culture of the World) Tea in 2010; Co-Founder Sannjeev (The Wharton School '12, Cornell '17) was CEO of Being Human Clothing, with senior BD roles at Raymond and at the Landmark Group. He was Vice-President for Apparel Operations & Business Development at Jubilant Retail for ~seven years.
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.
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.