The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking to know where the cash is flowing.
Startup: GrowthPal
Sector: M&A
Amount: US$2.6 M
Led by: Ideaspring Capital
GrowthPal, co-founded by Maneesh Bhandari, Shalu Mitruka and Amaresh Shirsat announced a $2.6 million funding round to accelerate its AI-powered M&A copilot for deal sourcing and execution. The round was led by Ideaspring Capital with participation from prominent angel investors globally. The new capital will support product development and expand GrowthPal’s presence across international markets as demand grows for faster, more programmatic approaches to inorganic growth.
“M&A sourcing is where most time and effort is wasted, especially for smaller and mid-market deals,” said Maneesh Bhandari, co-founder and CEO of GrowthPal. “Teams spend weeks researching, filtering, and chasing opportunities that never go anywhere. We built GrowthPal to help buyers focus only on high-intent, high-fit targets and move from mandate to meaningful conversations far faster.”
Startup: Roadgrid
Sector: EV
Amount: INR12 Crore
Led by: Inflection Point Ventures
Roadgrid raises INR12 Crore in a Pre-series A round from Inflection Point Ventures and other investors. The round marks a significant milestone in RoadGrid’s mission to create India’s largest and most accessible EV charging ecosystem. The round saw participation from a strong group of strategic and angel investors, including Venture Catalysts, Kamal Puri of Skyline Group, FAAD Network, LetsVenture, Pace Group’s Vrinda Goyal, Haresh Patel of Arthanomics, and Maneesh Shrivastav of Alpha Value.
Mitesh Shah, Co-founder IPV, says, “One of the biggest gaps in India’s EV journey today is not intent, but infrastructure. Consumers are ready to adopt electric mobility, but the lack of reliable, accessible charging continues to slow scale. What stood out to us about RoadGrid is their clear understanding of this gap and their ability to address it across multiple layers, from charger manufacturing to on-ground charging operations. Their focus on both OEM partnerships and public charging networks positions them well to build infrastructure that is not just expansive, but practical and sustainable.”
Startup: Aurassure
Sector: Climate tech
Amount: INR25 Crore
Led by: Rainmatter by Zerodha & Unicorn India Ventures
Climate tech startup, Aurassure that delivers real-time, hyperlocal visibility into environmental risks for enterprises operating in increasingly volatile climates, has raised Rs 25 Crore in Pre-Series A led by Rainmatter, Zerodha and Unicorn India Ventures. The round also saw participation from Maithan Alloys Limited.
The funds raised will be strategically deployed towards global expansion accelerating Aurassure’s presence across the Global South with a focus on Latin America, South Asia, and Africa.
Bhaskar Majumdar, Managing Partner, Unicorn India Ventures says, “The effects of climate change are a cause of concern not only in India but across the globe. India has been an active and influential player in the climate change ecosystem from the beginning and the Govt is also increasingly prioritising dealing with climate change. Aurassaure has tapped the market at a very right time as with its satellite integrated fusion and their proprietary AI physics model the company delivers high resolution air quality data. It is a unique proposition that integrates hyperlocal data sources and combines it with the satellite data building the AI ecosystem designed to work efficiently even in challenging climates. Their growing capabilities is the reason we continue to back Aurassure.”
Startup: Oben Electric
Sector: EV
Amount: INR 85 Crores
Led by: Indian American Family Offices
Oben Electric, Indian homegrown and R&D-driven electric motorcycle manufacturer, announced the successful raise of INR 85 Crores in its Pre-Series B round. The round saw participation from multiple renowned Indian American Family Offices including Raj K Soin, Musa Dakri, Ramesh Bhutada and other existing investors. The funding reflects strong investor confidence in Oben Electric’s vision, engineering depth, market traction & customer trust, which is demonstrated by its 10X revenue growth in the past 12 months.
Madhumita Agrawal, Founder & CEO, Oben Electric, said, “This fundraise is a strong validation of investor confidence in Oben Electric’s operating momentum, capital discipline, and growth roadmap. This new funding gives us clear visibility and confidence to achieve COGS break-even by March 2026, an important milestone for any EV OEM operating at scale. As we expand our distribution footprint, backed by growing customer validation and deepening dealer interest, we are well poised to progress toward EBITDA break-even in 2027. We remain focused on scaling sustainably while building a category-defining electric motorcycle company from India.”
Startup: Digantara Industries
Sector: Space Surveillance & Intelligence
Amount: US$50 M
Led by: 360 ONE Asset, SBI Investments Co (Japan) & Ronnie Screwvala
Digantara Industries, a company in Space Surveillance and Intelligence. Digantara has announced the closure of a USD 50 million Series B round led by a mix of strategic and financial investors including 360 ONE Asset, SBI Investments Co (Japan) and Ronnie Screwvala, with continued participation from Peak XV Partners and Kalaari Capital.
The funding will support Digantara’s global expansion beyond India and the US, new manufacturing facilities for optical systems and satellite production, and the scale-up of R&D teams. The company is also preparing to deploy 15 space surveillance satellites and two missile-warning satellites through 2026–27, as it moves toward becoming a full-stack sovereign space intelligence provider.
“Space is no longer a frontier, it is the new high ground for national security. Adversaries of the future will seek asymmetric advantage where sensing, automation, and latency matter most” said Anirudh Sharma, Founder and CEO, Digantara. “This capital accelerates our path to operational readiness, expand into the US and Europe, and drive new programs in missile warning, tracking, and space-based interceptors to deliver real deterrence and multidomain superiority.”
