Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking to know where the cash is flowing.

Startup: LOGICLENS

Sector: AI-driven video analytics

Amount: Undisclosed

Led by: Qi Venture Crafts

LOGICLENS, an emerging AI-driven video analytics start-up, has successfully secured its first investment from Qi Venture Crafts, the venture-building arm of Qi Ventures. This strategic funding marks a significant milestone in LOGICLENS’ journey to transform real-time video intelligence enhancing its power, accessibility, and industry-wide integration.

“India is a land of limitless opportunities, yet many brilliant ideas from Tier 2 and Tier 3 cities struggle due to a lack of guidance, mentorship, and investment. This inspired me to establish Qi Venture Crafts to identify and nurture high-potential start-up ideas, equipping them with the resources they need to thrive and scale to remarkable success,” says Abhijit Paul, Sr. Director, Qi Venture Crafts.

With this latest capital injection, LOGICLENS will expedite the evolution of its proprietary AI models, optimize multimodal sensor fusion, and expand its research into self-supervised learning paradigms. Additionally, the company will recruit elite machine learning engineers and data scientists to scale its AI pipeline, enhance computational efficiency, and drive the next generation of intelligent video analytics.

Startup: Pickkup

Sector: Logistics

Amount: US$ 500K

Led by: We Founder Circle

Pickkup, a mid-mile and last-mile logistics solutions provider with a mission to decarbonize the light commercial vehicle (LCV) delivery segment, has successfully raised US$ 500K in its Seed Round. The round was led by We Founder Circle (WFC), with participation from marquee angel investors from India, Australia, and the USA. 

“Our vision is clear: to build a sustainable, tech-driven logistics ecosystem that maximizes fleet utilization while minimizing environmental impact,” said Ankush Sharma, Co-Founder and CEO, Pickkup.io “With this funding, we aim to optimize cross-utilization of our electric vehicles, ensuring they are operational for the maximum number of hours daily—a move that leverages the low operating costs of EVs for enhanced efficiency and affordability.” 

The funding has strengthened Pickkup’s war-chest required for enhancing the fleet. The funds will be strategically utilized to expand Pickkup’s electric fleet, enhance its team, and invest in advanced technology to bolster logistics efficiency. 

Startup: Earthful

Sector: Foodtech

Amount: INR 5 Cr

Led by: Srinivasan Namala

Earthful, a plant-based nutrition brand, has raised INR 5 Cr led by a seasoned entrepreneur Srinivasan Namala, who has built Porus Labs and exited to Bain Capital for over INR2,400 crores. Ritesh Agarwal (Founder, OYO Rooms) will also be participating following his investment commitment on Shark Tank India Season 4. The Company has raised over $1 million till date in funding including the current investment.

Veda Gogineni, Co-founder, Earthful says, “This funding will help us bring Earthful’s clean, effective nutrition to more households across India. We believe wellness should be simple, transparent, and never compromise on purity or taste. The loyalty of our repeat customers speaks volumes about their trust in our brand and products.”

The funds will be deployed for research and development of new products and strengthening brand presence. The company is also focused on building a strong leadership team across marketing and operations to accelerate its next growth phase.

Startup: TakeMe2Space

Sector: SpaceTech

Amount: INR 5.5 Cr

Led by: Seafund

SpaceTech startup TakeMe2Space has raised Rs 5.5 Crore in a pre-seed round led by Seafund. The round also saw participation from Blume Ventures, Artha Venture Fund, AC Ventures. and other marquee angels.  TakeMe2Space plans to use the funds raised towards the launch of MOI-1 – India’s first AI-labratory in space. The Company has successfully finished 2 space missions in collaboration with ISRO’s POEM platform. TM2S demonstrated a novel radiation shielding coat.

Manoj Kumar Agarwal, Managing Partner, Seafund, says, “As a deep tech focused fund, we believe emerging technologies like space tech have the ability to unlock highly impactful solutions at scale. The Indian space industry has witnessed remarkable technological accomplishments. With the Indian Government’s various initiatives and policy schemes to augment the capabilities in Space technology development will further boost the sector. TakeMe2Space has been working tirelessly with its upcoming MOI-1 launch which will be a game changer towards building data centres in space. The funding will help the company scale to the next stage and also expand its satellite subsystems on a global level.”

The Company aims to scale operations, launch in new regions, expand its product portfolio, strengthen R&D, and drive customer acquisition.

Startup: Veira Electronics Private Limited

Sector: Electronics

Amount: INR 130 Cr

Led by: Bharat Value Fund

Bharat Value Fund (BVF) invested INR 130 Crore in Veira Electronics Private Limited, an Indian ODM Manufacturer of Smart TVs.

Madhu Lunawat, CIO of Bharat Value Fund said, “The Company’s financial performance has been impressive, with sales growing at a 55% CAGR between FY22-24, reaching INR 865 crore in FY24. India’s smart TV manufacturing industry, valued at USD 11.53 billion in 2023, is projected to reach USD 32.57 billion by 2030, growing at a CAGR of 17%. Key growth drivers include rising disposable incomes, increased internet penetration, and the growing adoption of OTT streaming services. Our investment in Veira is a step in contributing to the growth of India’s growing and evolving TV market with key players that have the potential to reshape TV manufacturing.”

Ankit Mani, Managing Director, said, “Veira Group aims to lead the field of design manufacturing by offering customers superior quality products at competitive prices through continuous technological innovations. We are a complete end-to-end solution provider for brands entering the Indian market, with a dependable team offering R&D, sourcing, design, manufacturing, assembly, final testing, and reverse logistics services.”

Startup: Connektra.io

Sector: Workflow automation

Amount: Undisclosed

Led by: Inflection Point Ventures

Connektra.io, a no-code AI agents platform for workflow automation, has raised a seed round led by Inflection Point Ventures (IPV) Ideaschool Program. The funds will be used to accelerate product development, expand the engineering team, and establish a go-to-market (GTM) motion.

Vikram Ramasubramanian, Partner & CIO, Inflection Point Ventures, says, “Enterprise software integration has long been a bottleneck, requiring significant effort, time, and resources. As businesses increasingly adopt AI and automation, there is an urgent need for seamless, cost-effective workflow integration. Connektra.io is tackling this challenge head-on with its AI-driven, no-code platform, enabling enterprises to integrate applications effortlessly while reducing overall costs. Their approach not only accelerates digital transformation & democratizes automation but also addresses a critical gap in the market. At IPV, we back founders who bring scalable solutions to industry-wide problems, and we believe Connektra.io has the potential to redefine enterprise automation globally.”

Startup: Felicity Games

Sector: Gaming

Amount: INR 25.8 Cr

Led by: 3one4 Capital

Felicity Games, a global mobile game publisher, has raised $3 million (INR 25.8 crore) in a seed funding round led by 3one4 Capital, with participation from international investors such as T-Accelerate Capital (Singapore) and MIXI Global Investments (Tokyo). The funding round also saw strong follow-up investments from existing backers DeVC and Visceral Capital, further emphasizing investors’ confidence in Felicity’s long-term vision.

Sonal Saldanha, VP at 3one4 Capital said, “The gaming industry has changed significantly, with mobile adoption and new advertising rules reshaping how games are built, discovered, and monetized. These shifts create opportunities for new companies to emerge. Felicity is taking a first-principles approach to building a substantial gaming business from India by leveraging exceptional talent, operational efficiency, and rapid execution. We share Anurag’s vision and are excited to support an industry-defining gaming company emerging from India,”

With this new round of funding, Felicity Games plans to expand its publishing infrastructure and deepen its relationships with Indian game studios. The company is committed to scaling its successful titles and using the funds to test additional games by the end of 2025. This investment will also support the company’s mission of becoming the go-to partner for studios looking to scale their games profitably and sustainably.

Startup: Neural Defend

Sector: cybersecurity

Amount: US$600K

Led by: Inflection Point Ventures

Neural Defend, an AI-driven cybersecurity startup, has raised over $600K in a Pre-seed round led by Inflection Point Ventures (IPV). The round also saw participation from MIT SBXI (Boston-based), Techstars San Francisco, and Soonicorn Ventures. The capital will be used to enhance its agentic AI capabilities for real-time, multimodal deepfake detection, further advancing its R&D efforts and product development.

Vikram Ramasubramanian, Partner & CIO, Inflection Point Ventures, says, “It is no news that cyber threats are evolving rapidly, risking businesses and individuals’ privacy and finances. Neural Defend’s AI-driven approach to real-time detection perfectly aligns with today’s urgent need for robust cybersecurity and digital identity protection. At IPV, we back companies that solve critical challenges with scalable business models. Their vision and traction so far make them a compelling investment.”

Startup: Qila Games

Sector: gaming

Amount: US$1 M

Led by: Chimera VC

Qila Games, a hybrid-casual gaming startup, raised $1 million in pre-seed funding led by Chimera VC, with participation from Visceral Capital, Atrium Angels, Ventatana Ventures, 91 ventures & Untitled Ventures and other angels. The investment will fuel Qila Games’ mission to establish hybrid-casual gaming in India and create new games that blend accessibility with deeper engagement.

“India and other emerging markets are at the cusp of a major shift in mobile gaming, and hybrid-casual is set to be the next big category. We are proud to see our investors entrusting us and our vision to disrupt the hybrid-casual gaming space and with this funding, we are doubling down on building engaging, high-quality games that resonate with these audiences. Our approach of being consumer-centric and listening to our audiences before we design and develop our product gives us confidence to remain optimistic about the future” said Dhananjai Hari, Co-Founder of Qila Games.

Startup: Care.fi

Sector: Healthcare-focused fintech

Amount: INR 7.5 Cr

Led by: Vivriti Capital

Care.fi, a healthcare-focused fintech startup, has secured INR 7.5 Cr in debt capital from Vivriti Capital to accelerate its mission of revolutionizing Revenue Cycle Management (RCM) for hospitals. With a strong emphasis on claims processing and financial automation, this funding will further expand the reach of RevNow by Care.fi, India’s most advanced AI-powered RCM platform designed to optimize hospital insurance claims and streamline revenue realization.

This latest investment follows Care.fi’s previous funding rounds, which included INR 8 Cr in debt capital raised from Wint Wealth (Ambium Finserve) and Caspian, along with $2.5 Mn (around INR 21 Cr) in debt from Trifecta Capital and UC Inclusive Credit. In total, the group has raised approximately INR 29 Cr to date.

Sidak Singh, co-founder of Care.fi, shared, “Since our inception, we have focused on solving critical operational pain points in hospital revenue management. With RevNow, we are setting new benchmarks in claims processing efficiency. This latest funding will enable us to scale further, helping hospitals optimize financial workflows while ensuring better patient experiences. As the healthcare ecosystem grows, we aim to continue innovating and improving revenue realization for providers.”

With its latest funding round, Care.fi aims to expand RevNow’s capabilities and integrate further with hospital information systems (HIS), electronic health records (EHR), and billing platforms. The company is also focused on talent acquisition to strengthen its team and further drive innovation in RCM.