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: Ravity Software Solutions Private Limited

Sector: Connected mobility intelligence

Amount: INR 2 cr

Led by: Maruti Suzuki India Limited

Maruti Suzuki India Limited (“Maruti Suzuki”) announced investment of nearly INR 2 crore in Ravity Software Solutions Private Limited, for an equity stake of over 7.84% through Maruti Suzuki Innovation Fund. Ravity Software Solutions Private Limited is a technology-led startup which specializes in providing connected mobility insights.

Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited said, “Aligning to our core value of keeping customer at the core of our business, we are focused on enhancing vehicle ownership experience. In the age of open innovation, we strive to co-create business solutions with specialized entities operating in the particular field. Startups are ideal partners as they bring agility, fresh thinking, and cutting-edge solutions, to support our goal of ensuring customer delight. Our investment in Ravity Software Solutions Private Limited will enable us to elevate customer experience through data-driven insights. We have been associating with startups since 2019 under our Maruti Suzuki Innovation programs. Through this initiative, we are investing in a culture of innovation, building strategic partnerships, and unlocking new opportunities, in line with Government’s ‘Startup India’ initiative to promote entrepreneurship in the country.”

Startup: CrisprBits Private Limited

Sector: Biotechnology

Amount: US$3 M

Led by: Spectrum Impact, Rajendra Gogri

Bengaluru-based biotechnology startup CrisprBits Private Limited has raised US$3 M through founders, angels & family offices, bringing the company’s valuation to $12 Million. The current Pre-Series A funding round was led by Spectrum Impact, the family office of Rajendra Gogri, Chairman and Managing Director of Aarti Industries Ltd. The round also saw participation from the founders and existing investors including Vijay Alreja Family Office (VJ Technologies Group), an early supporter of CrisprBits, whose group company VJ Bio focuses on cell and gene therapy, aligning closely with CrisprBits’ CRISPR-driven innovation goals. The round additionally brought in new investors, including the promoter family of HBL Engineering Ltd., building upon the earlier funds raised from the founders, VJ Technologies Group and C-CAMP (Centre for Cellular and Molecular Platforms).

The new capital will be deployed to scale commercialization of the PathCrisp molecular diagnostics platform, augmenting manufacturing capacity for high-impact tests in human health (e.g., Sickle Cell, Typhoid and Anti-Microbial Resistance), food safety, and animal health. The funding will also accelerate the development of a cutting-edge, CRISPR-driven strain engineering platform, starting with the optimization of processes for biofuel production to address unmet industrial sustainability needs.

Vijay Chandru, CEO, CrisprBits, said, “Our focus has always been on attracting patient capital that shares our visionary goal: to Rewrite Biology and Reimagine the Planet. This funding round provides the fuel for that mission and our team of pioneering CRISPR scientists and results-driven commercial leadership. We are now perfectly positioned to not just launch our products and services in India, but to immediately scale to global markets, ensuring our innovation delivers high-quality, affordable solutions at a truly international scale.”

Startup: Redrob

Sector: AI research

Amount: US$10 M

Led by: Korea Investment Partners

Redrob, an AI research startup, secured $10 million for its Series A financing round, with Korea Investment Partners being the main investor and KB Investment, Kiwoom Investment, Korea Development Bank Capital, Daekyo Investment, and DS & Partners. The total amount of money invested in Redrob rises to $14 million after the seed round of $4 million in 2023.

Kartikey Handa, Chief Operating Officer and Head of India Operations at Redrob, said, “We want every Indian student to have free access to premium AI tools to pave the way for a freer India. Today, high-end AI models cost so much that they remain far out of reach for most people in India and other emerging markets. Redrob’s breakthroughs deliver significant cost reductions through advanced ML techniques, enabling us to offer high-quality performance at a fraction of the cost.”

Startup: Sophrosyne Technologies

Sector: Semiconductor

Amount: US$2 M

Led by: Bluehill.VC

Bengaluru-based semiconductor startup Sophrosyne Technologies has raised $2M in seed round, fully subscribed by Bluehill.VC. The funding will accelerate Sophrosyne’s transition from prototype silicon to full-scale development and global OEM engagement. It will also fuel expansion across silicon design, firmware development, and early customer deployments in India and international markets.

Sridhar Parthasarathi, Managing Partner, Bluehill.VC said, “Wearable health is entering a new phase where accuracy and continuous monitoring are becoming standard expectations. Achieving that requires innovation at the semiconductor level, and Sophrosyne is among the few teams capable of delivering it. Their approach addresses the real constraints device makers face, performance, efficiency, and integration complexity. Bluehill.VC is uniquely positioned to back deep-tech founders building ambitious semiconductor IP from India. We are proud to support Sophrosyne on this journey.”

Startup: STAN

Sector: Gaming

Amount: Undisclosed

Led by: Sony Innovation Fund

STAN, Indian mobile-first social gaming platform, announced that Sony Innovation Fund, the corporate venture capital arm of Sony Group Corporation, well known for backing ventures in entertainment, gaming, and technology, has joined its ongoing Series A round. The round also witnessed participation from Hyderabad Angels Fund (HAF VC).

“We believe the future of gaming goes beyond compelling titles and advanced gameplay. It lies in building dynamic ecosystems where creators, gamers, and developers come together to shape shared worlds. STAN embodies this vision of building an inclusive gaming community, and we’re excited to support their efforts to create a social layer for the next generation of gamers.” said Kazuhito Hadano, Chief Executive Officer of Sony Ventures Corporation.

Startup: Azul

Sector: Software Development

Amount: Undisclosed

Led by: Thoma Bravo

Azul, the company 100% focused on Java, entered into a definitive agreement to receive a majority strategic investment from Thoma Bravo, a software investment firm. As part of the transaction, Azul’s existing investors Vitruvian Partners and Lead Edge Capital will be reinvesting significant new capital and will retain minority stakes alongside Azul’s employees.

“We’re thrilled to welcome Thoma Bravo at this exciting time for our company and the Java ecosystem,” said Scott Sellers, co-founder and CEO of Azul. “Thoma Bravo brings the scale, resources, and expertise that align seamlessly with Azul’s vision and aspirations, strengthening our confidence in the significant growth opportunities ahead. We are grateful for their investment as well as for the continued backing from Vitruvian and Lead Edge. Together, we’ll accelerate our global growth, advance innovation across our platforms and deliver even greater value to our customers.”

Startup: ACS Energy

Sector: EV

Amount: INR1.1 Cr

Led by: Inflection Point Ventures

ACS Energy has raised INR1.1 Crore in pre-seed round led by Inflection Point Ventures. ACS Energy Systems is transforming India’s EV world. Having introduced universally compatible chargers for two, three and four wheelers, they’ve now rolled out smart AC chargers and the ACS pay platform, making them the first in the country to bring UPI-based payments to EV charging. ACS Energy system uses AI to manage loads and keep payments fast and transparent, making it intuitive and user-friendly.

Mitesh Shah, Co-Founder, IPV says, “India’s EV revolution is incomplete without a strong support system fuelling its growth. The transition from fuel-based energy to green energy has to be more accessible and seamless. ACS Energy offers more than just a charger – it is a full hardware and software package that makes charging quick, transparent, and hassle-free. Their UPI-based system means anyone can pay instantly, which makes EV charging as seamless as buying groceries.”

Startup: HRS Navigation

Sector: Medtech

Amount: US$5 M

Led by: GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank & KITVEN

HRS Navigation, an Indian medtech company, raised $5 million in a Pre-Series A funding round backed by GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank and KITVEN. Funds raised will be used to accelerate product innovation, global market expansion, enabling HRS to scale manufacturing and advance next-generation navigation.

“Our mission is to make advanced surgical navigation accessible to every hospital and surgeon, so that patients across India and beyond can benefit from precision surgery,” said Arpit Paliwal, Founder and Director of HRS Navigation. “With this investment, we are not only strengthening our ability to innovate and expand internationally but also showcasing India’s capability to develop world-class medtech solutions.”

Startup: Delvitech

Sector: Deep Tech

Amount: US$40 M

Led by: EGS Beteiligungen, Investment Company of the Ernst Göhner Foundation & CREADD Ventures

Delvitech, a Deep Tech company specializing in the development of AI-native Automated Optical Inspection (AOI) solutions for electronics, successfully closed a Series B investment round of USD 40 million. The round was led by EGS Beteiligungen (EGSB), the Investment Company of the Ernst Göhner Foundation, together with CREADD Ventures, and joined by several prominent European private investors who contributed to this substantial fundraising.

“Investors and customers have recognized that Delvitech represents a unique opportunity,” concluded Founder and CEO Roberto Gatti, “a highly specialized industrial deep tech company with solid foundations, a global vision, and proprietary, scalable technology.

Startup: QuickShift

Sector: D2C full stack

Amount: INR22 Cr

Led by: Atomic Capital

D2C full stack fulfillment service provider QuickShift raised Rs 22crore in a pre-series A round led by Atomic Capital. The round also saw participation from Axilor Ventures and other marquee investors. The funds will be directed into advancing Quickshift’s AI-led fulfillment platform to simplify complex operations and create real-time decision-making for brands and businesses of all sizes, enhancing multi-channel programs, strengthening leadership and operational capabilities to drive scale and customer growth. It will also support geographical expansion across key markets in North and South India.

Anshul Goenka, Founder & CEO, QuickShift, says, “We are on a strong path of growth and profitability, having achieved 100% ARR growth over the past 12 months. Our core business grew by 50%, while new programs scaled over 100% thus reflecting the trust our customers place in us. At QuickShift, we are reimagining fulfillment and supply chain through technology. Our vision is to build a cutting-edge, full-stack platform that empowers new-age, enterprise, and SMB brands to manage distributed inventories, streamline order processing, and deliver exceptional customer experiences across every sales channel.”