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: Parkobot

Sector: Parking app

Amount: INR2.09 Cr

Led by: Inflection Point Ventures

Parkobot a “Airbnb for parking” powered by IoT smart Parking Space Barrier has raised INR 2.09 Crores in seed round led by Inflection Point Ventures, an Indian angel investing platforms. The round also saw participation from HNIs. The funds will be utilized to expand infrastructure, reach additional markets, strengthen backend and increase product portfolio.

Mitesh Shah, Co-Founder, IPV says, “Urban parking is a huge challenge facing today’s cities. Poor planning and lack of proper parking spaces lead to encroachment on roads, illegal parking and congestion. However, Parkobot is driving the change by bringing in technology and smart parking systems that provide real-time availability of parking spaces and making underutilized private parking spaces available to the public.”

Founder of Parkobot, Amrit Choudhury says, “Parkobot envisions decongesting India’s streets by utilizing underutilized private parking spaces, transforming them into revenue-generating assets via our IoT-enabled Parkobot barrier & app. Our goal is to create cleaner skies, less traffic congestion, and seamless urban mobility for all.”

Startup: Deep Algorithm

Sector: Cybersecurity & AI

Amount: INR10.8 Cr

Led by: Unicorn India Ventures

Deep Algorithm Solutions, a cybersecurity and AI startup focused on fraud prevention in digital financial ecosystems has raised Rs 10.8 Cr led by Unicorn India Ventures. The round also saw participation from other angel investors.

The Funds raised will be primarily used to scale engineering and threat intelligence teams, accelerate GTM activities in India and Southeast Asia, expand integrations with key enterprise platforms (Azure AD, Okta etc.), enhance the behavioral AI and fraud analytics engine.

JP Mishra, Founder and CEO, Deep Algorithm, says, “We are solving some of the most critical and nuanced security problems in digital Identity Security and Fraud Prevention using indigenous AI. This round validates our belief that continuous authentication and behavioral intelligence will be central to the future of digital trust.”

Startup: Aimtron Electronics Limited

Sector: Electronics System Design and Manufacturing

Amount: INR100 crore

Led by: Mukesh Vasani & Nirmal Vasani

Aimtron Electronics Limited, an Electronics System Design and Manufacturing (ESDM) company, announced a fundraise of approximately INR100 crore through the issuance of convertible warrants on a preferential basis. The round includes participation from the promoter group including Mukesh Vasani and Nirmal Vasani along with a host of marquee investors.

Aimtron will use the funds to set up a new greenfield manufacturing facility, enabling Aimtron to scale its growing box-build projects and system-level, end-to-end integration business under one roof, with a revenue target of INR1000 crore.

Mukesh Vasani, CEO of Aimtron Electronics Limited, said, “This fundraise accelerates our already above-average growth trajectory by enabling the creation of a future-ready manufacturing ecosystem. Riding the momentum of the ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives—and backed by the vision of our progressive government and committed investors—we are setting up a high-value, advanced ESDM facility. This new facility will empower us to innovate, scale, and compete at a global level.”

Startup: Maieutic Semiconductor

Sector: deep tech

Amount: US$4.15 M

Led by: Endiya Partners & Exfinity Venture Partners

Bengaluru-based deep tech startup Maieutic Semiconductor has raised USD 4.15 Million in Seed funding, co-led by Endiya Partners and Exfinity Venture Partners. This funding round marks a significant milestone in Maieutic’s mission to reimagine chip design by introducing generative AI to design and development workflows.

“Semiconductor design has remained largely untouched by modern productivity enhancements,” said Gireesh Rajendran, CEO and Co-founder of Maieutic Semiconductor. “At Maieutic, we’re combining decades of deep analog and semiconductor experience with cutting-edge AI techniques to create a copilot that reduces the design cycle from weeks to days, spots inconsistencies without expert intervention, and brings intelligence to every trade-off. We’re thrilled to have raised this round of funding and are incredibly grateful to have visionary partners like Endiya Partners and Exfinity Venture Partners on board, who not only believe in our mission but are actively supporting us as we build for the future of chip design.”

Startup: Garaaz

Sector: SaaS & aggregator platform

Amount: INR4.55 Cr

Led by: GVFL

Garaaz, an Automobile spare parts aggregator has raised INR4.55 Cr in a seed round led by GVFL. The funds raised will be used to scale operations in other states, strengthen local distribution, partnerships, and on-ground teams, invest in technological innovation (R&D) and hire key talent across technology, sales, marketing, and operations. The company plans to set up scalable customer support infrastructure and bring the unorganised workshops under their umbrella.

The current capital raise will also enable Garaaz’s goal of becoming India’s leading digital ecosystem and most comprehensive online hub for automotive spare parts, seamlessly connecting stakeholders across platforms on a trusted and transparent platform. The key areas of expansion and funding plans include; technology development in order to enhance  product & platform features, build robust backend systems and data infrastructure, invest in AI/ML for automation and decision intelligence to deliver a superior customer experience. Streamline procurement and logistics for better unit economics, invest in tools and systems to ensure last-mile delivery efficiency and finally to ensure data security, legal compliance, and scalable backend architecture in order to build trust and deliver quality products to the customers.

Shaleen Agarwal, CEO & Founder, Garaaz said, “At Garaaz, we’re not just delivering spare parts — we’re powering the heart of India’s workshop economy. Every order, every delivery, every connection is backed by a tech backbone that scales trust, transparency, and efficiency across the aftermarket. Our mission is simple: make spare parts accessible, intelligent, and instant — with technology so seamless, it feels invisible.”

Startup: LogicFlo AI

Sector: AI

Amount: US$2.7 M

Led by: Lightspeed

LogicFlo AI, a Boston-based AI platform designed specifically for the life sciences sector, has raised $2.7 million in a seed round led by Lightspeed, with participation from leading healthcare and enterprise AI investors. The funding will support LogicFlo AI’s global expansion across pharmaceutical, biotech, and medtech organizations, and enable deeper deployment with global clients, including a Fortune 500 company already under contract.

Udith Vaidyanathan, LogicFlo AI’s co-founder and CEO, talking about the platform said, “We are at a once-in-a-generation inflection point. For the first time, AI agents are capable enough to drive meaningful productivity gains in regulated scientific work, not just possible, but inevitable. While the rest of the world is focused on automation, instead of people, we are building automation for people. LogicFlo AI puts experts firmly at the center. The goal is to empower the brightest people in life sciences do what only they can do – drive medical science forward and help elevate the standard of care.”

With the new funding, LogicFlo AI will accelerate product development, expand integrations with life sciences systems like Veeva and IQVIA, and grow its go-to-market and technical teams to meet rising industry demand. The company’s broader vision is to redefine how scientific work happens, empowering every expert with tools that match the speed and complexity of modern science.

Startup: Oben Electric

Sector: EV

Amount: INR50 Cr

Led by: Helios Holdings, Sharda family office, Kay family

Oben Electric, an R&D driven homegrown electric motorcycle manufacturer, has raised additional INR50 Cr in May 2025 through an extended Series A funding round. The extended series A round follows series A round of INR50 Cr raise in January 2025, bringing the total Series A funding to INR100 Cr and overall funding raised to INR200 Cr. The round saw participation from new and existing investors including Helios Holdings, Sharda family office, Kay family and other new & existing investors. This fundraise signals strong investor conviction in Oben Electric’s consistent growth, product quality, financial metrics and electric motorcycle segment leadership.

Sandesh from Sharda family office commented: “Oben Electric had the right technology, product market fit and growth indicators. They are operating in an untapped large market opportunity with multi-fold revenue growth QoQ, the feedback of the electric motorcycle was great and their vertical integration of critical EV components, including LFP battery, motor and vehicle control unit is a key differentiator. We were also impressed by the maturity of the founders which is required to build such a large & complex business and believe that they would be successful in building the first global electric motorcycle brand from India.”

This latest infusion of funds will power Oben Electric’s continuing growth and accelerate its expansion to over 150 showrooms across 50+ cities by FY26, fast-tracking product development of the company’s new ‘O100’ platform for affordable electric motorcycles under INR1 lakh, and scaling up its manufacturing within Bangalore facility and strengthening its after-sales service network across markets.

Startup: Iom Bioworks

Sector: deep science

Amount: INR4 Cr

Led by: Inflection Point Ventures

Iom Bioworks, a deep science company pioneering microbiome-focused healthcare has secured Seed Round funding in their Rs 4 Cr Seed Round led by Inflection Point Ventures (IPV). The capital will be leveraged for marketing, secure intellectual property claims, strengthen core infrastructure and scale scientific and commercial teams.

“Lifestyle diseases have been on the rise due to multiple reasons like poor diet, stress, lack of sleep and are intimately linked to poor gut health and microbial composition. The gut microbiome plays a huge role in your digestion, immunity, metabolism, and even mood. Understanding it can help prevent a myriad of these diseases and also provide a better quality of life. Iom Bioworks is making this cutting-edge science accessible, personalised and importantly, actionable. With their vision and science, they make a compelling bet in preventive and therapeutic healthcare”, says Vinay Bansal, Founder, IPV.

Startup: Stable Money

Sector: Wealthtech

Amount: US$20 M

Led by: Nandan Nilekani’s Fundamentum Partnership

Wealthtech platform Stable Money, India’s first digital fixed-deposit investment platform, has secured USD 20 million (Rs 173 crore)  in a Series B funding round. The round was led by Nandan Nilekani’s Fundamentum Partnership, with investment from Aditya Birla Ventures and continued participation from all the existing investors Z47, RTP Global, and Lightspeed. This round also comes after just 10 months of their Series A round.

Stable Money will use the fresh capital to build and innovate on its wealth product offerings, deepen its partner network, and accelerate distribution. On the partnerships front, Stable Money aims to add at least eight new banks and NBFCs in 2025, building India’s most diversified fixed-deposit marketplace. It will also expand its marketing reach to connect with investors in Tier-2 and Tier-3 towns, where the demand for secure, inflation-beating returns continues to grow.

Mayank Kachhwaha, Principal at Fundamentum said, “Stable Money is reimagining savings by building a highly trusted, digital-first fixed-income investment platform. They’ve blitzscaled from zero to over ?3000 crore in AUM and have demonstrated 40 per cent growth over the last three months. The team has democratised access to fixed-income products and built incredible customer love along the way. They began with fixed deposits, and their story continues to grow with the launch of Stable Bonds. With Saurabh and Harish at the helm, Stable Money is well on its way to becoming a full-stack safety net for how India saves. At Fundamentum, we’re excited to be part of this scale-up journey.”

Startup: GROWiT India

Sector: Agritech

Amount: US$3 M

Led by: GVFL

Protective farming Agritech startup GROWiT India has raised $3 million in a Series A funding round led by GVFL, with participation from Veloce Opportunities Fund, JITO, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures and Hyderabad Angels. The funds raised will be directed towards GROWiT’s aggressive expansion plans, deepening its R&D capabilities, and strengthening its technology infrastructure to serve farmers more effectively.

With the current funding, GROWiT plans to improve domestic market penetration and expand into international markets by scaling exports to Africa and other emerging markets whilst continuing to innovate around sustainable, climate-resilient agriculture solutions that are affordable and accessible to smallholder farmers.

Mihir Joshi, Managing Director, GVFL, said, “Agriculture in India still lags behind in terms of technological advancements. GrowiT has a large innovation product portfolio and pan India distribution channel. They are helping farmers grow more and earn better by focusing on solving these key problems at an affordable cost and easy accessibility. They are making climate-friendly, sustainable farming methods more affordable and effective. As a fund, this is a key focus area for us and we see GROWiT as a strong player emerging in this segment.”