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: Indigrid Technology Private Limited

Sector: Electronics Manufacturing

Amount: INR 40 crore

Led by: Cactus Partners

Indigrid Technology Private Limited, an Indian integrated electronics manufacturing company operating across EMS, ESDM, and ODM services, has raised INR 40 crore in additional funding to close its extended Series A round at INR 75 crore. The round was led by Cactus Partners, which played a key role in the company’s growth and subsequent capital raise from Valour Capital, with participation from ITI Growth Opportunities Fund, Vimson group, and Global South Capital.

Karan Goshar, Managing Partner of Valour Capital said, “Indigrid Technology is building critical capabilities for India’s industrial resilience and their integrated model is a strong platform for the ‘China-plus-one’ shift” and Mohit Gulati, Managing General Partner ITI Growth Opportunities Fund said “Indigrid’s technology focus in high growth electronics sector gels well with our investment thesis” while Mragank Jain, Managing Partner, Global South Capital, said, “Indigrid’s remarkable growth places it perfectly to capture the manufacturing localisation opportunity, and we will support the company in its global expansion and M&A.”

Startup: Heliware

Sector: Deep-Tech

Amount: INR4.5 crore

Led by: Inflection Point Ventures

Heliware, a deep-tech startup delivering advanced geospatial intelligence and 3D analytics has raised INR4.5 Crore in a bridge round led by Inflection Point Ventures. The funds will support international market expansion through strategic partnerships, talent acquisition, and operational setup across key global geographies, while strengthening working capital for ongoing and future projects.

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “Geospatial intelligence is becoming a foundational layer for modern infrastructure, defense preparedness, and enterprise decision-making. Heliware’s ability to democratize extremely complex GIS capabilities with a plug-and-play, scalable platform that produces tangible results is what makes it unique. We think Heliware is well-positioned to become a globally significant Indian geospatial intelligence firm since the company has  established a solid technological moat with distinct use cases across several industries.”

Startup: Velocity Shipping (formerly Shipfast)

Sector: E-commerce

Amount: INR100 crore

Led by: Velocity

Velocity, Indian e-commerce enablement platform announced a INR100 crore investment to scale Velocity Shipping (formerly Shipfast), as it doubles down on advancing faster, more reliable and transparent AI-led logistics for digital-first brands. The investment will be deployed over the next 2 years and will be funded entirely through internal cash reserves and revenues from Velocity’s core businesses.

“We started Velocity by solving one of the biggest bottlenecks for digital-first brands: access to capital. As we worked closely with thousands of founders, it became clear that logistics and fulfilment were equally critical constraints to growth, but existing solutions needed to evolve to better support digital-first brands. Velocity Shipping was built as a strong, operator-first alternative to existing shipping solutions, with reliability and accountability at its core,” said Abhiroop Medhekar, Co-Founder and CEO, Velocity.

Startup: Loop AI

Sector: AI for Restaurant & Retail

Amount: US$14M

Led by: Nyca Partners

Loop AI, the enterprise-grade AI platform purpose-built for the restaurant and retail back office, announced its $14M Series A funding round. The round was led by Nyca Partners with participation from prominent investors Gokul Rajaram, Base10, Afore Capital, Converge, Alumni Ventures, Data Tech Fund, John Pepper, 9Yards Capital and Operators Studio. As part of the financing, Osama Bedier, investment partner at Nyca Partners and former Google and GoDaddy executive, will join Loop AI’s Board of Directors.

“Loop sits at the intersection of several transformative trends in the restaurant industry, including the rise of AI, a growing focus on customer experience and the drive for greater operational efficiency. These will be essential pillars shaping the future of dining,” said Bedier. “Anand and Sundar are building a remarkable company and transformative technology that will be indispensable for restaurant operators. I’m thrilled to join them on this journey and to contribute to the company’s next phase of growth.”

Startup: Gamepoint

Sector: Tech-Enabled Sports

Amount: INR 7 crore

Led by: Dr Raj P Narayanam, Founder, Zaggle, & Aditya Vuchi, General Partner, VCMint

Gamepoint, a technology-enabled sports startup focused on making sports a part of everyday life, has raised INR 7 crore in a Pre-Series A funding round. The round was led by Dr Raj P Narayanam, Founder, Zaggle, and Mr Aditya Vuchi, General Partner, VCMint, with participation from Praveen Raju, Founder of Suchitra Academy and others.

Dr Raj P Narayanam, Founder, Zaggle, said, “Gamepoint has built a strong operating model, earning the trust of customers and partners across its markets. I strongly believe in the positive impact sports can have in strengthening communities, and the team has demonstrated a clear understanding of what it takes to build and grow high quality sport centres in India. We see Gamepoint as well placed to expand its footprint across the country”.