The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking to know where the cash is flowing.
Startup: Aliste Technologies
Sector: Energy Tech & IoT
Amount: INR30 Crore
Led by: Big Global JSC
Energy Tech and IoT solutions provider Aliste Technologies has raised INR 30 Crore in a Pre Series A round comprising a strategic mix of equity and debt, led by Big Global JSC (the Corporate Venture Arm of the Bitexco Group), with significant participation from existing investor Yournest Venture Capital and their manufacturing partner Hbeon Labs.
Preetinder Panjrath, CFO of BIG Capital commented, “As AI adoption accelerates energy cost will continue to accelerate the upward trend, which will negatively impact business operating margins and straining disposable incomes. Aliste Technologies energy management system is positioned at the intersection of AI adoption and higher energy costs and we expect them to be a prime beneficiary of this trend as it helps alleviate the structural rise in energy cost.”
Startup: SiMa.ai
Sector: Physical AI
Amount: Undisclosed
Led by: Micron Technology
SiMa.ai, a platform in Physical AI, announced a strategic investment from Micron Technology, Inc. (Nasdaq: MU), strengthening its ability to scale production-ready, high-performance Physical AI solutions for real-world intelligent systems. The investment deepens the companies’ collaboration around tightly integrated compute and memory architectures designed to deliver exceptional performance-per-watt for edge applications including robotics, autonomous systems, and industrial automation.
“Physical AI places extraordinary demands on memory and Micron’s LPDDR5X technology is the ideal memory foundation for our Modalix MLSoC,” said Krishna Rangasayee, CEO and founder of SiMa.ai. “By merging SiMa.ai’s purpose-built Physical AI solutions with Micron’s industry-leading memory, we deliver unprecedented levels of performance and power efficiency. This hardware synergy, combined with the flexibility of our Palette™ software, allows our customers to deploy complex AI at the edge with ease.”
Startup: DAAKit
Sector: Logistics
Amount: US$138,000
Led by: Inflection Point Ventures
Hyperlocal fulfilment and last-mile logistics startup DAAKit has raised $138,000 in a pre-seed round led by Inflection Point Ventures. Funds will be deployed towards business growth, launch 25 new dark stores across Tier-I and Tier-II cities, strengthen technology development including infrastructure, licensing, and integrations and expand the team with strategic hires such as CXO roles, VP Sales & Business Development, and operations managers for newer markets.
Mitesh Shah, Co-founder, Inflection Point Ventures says, “DAAKit has demonstrated an impressive growth trajectory, turning profitable early while maintaining double?digit EBITDA and growing 15-20% every month in orders and revenue. Its asset?light model, backed by a strong partner network, has enabled reliable and fast expansion across cities, thus setting a new benchmark in India logistic Infrastructure.”
Startup: SatLeo Labs
Sector: Space-Tech
Amount: US$2.2 Million
Led by: Unicorn India Ventures
SatLeo Labs, a space-tech startup focused on capturing high-resolution thermal & visible data from Low Earth Orbit (LEO) has raised $2.2Mn in a seed round led by Unicorn India Ventures. With this, SatLeo has raised $5.5M in total funding to date. The round also saw participation from existing investors Merak Ventures, Java Capital, IIMA-CIIE and Deep tech Investor Manish Gandhi. The funding will be deployed to advance SatLeo’s flagship thermal satellite mission and the development of its AI-powered platform for thermal intelligence applications.
Bhaskar Majumdar, Managing Partner, Unicorn India Ventures, said, “We strongly believe that space is an arena where the next technological innovations and solutions will emerge from. This is our third space tech investment. The value of SatLeo presents a compelling opportunity, as it has a strong technological edge with very clear commercial applications aligning with the market needs. The company’s differentiated product is combining thermal and visible satellites to generate high value real-time insights and is well positioned to drive long-term value to become a key player in the space-tech ecosystem.”
Startup: 4baseCare
Sector: Precision Oncology
Amount: INR90 Crore
Led by: Ashish Kacholia & Lashit Sanghvi
4baseCare, a precision oncology company building population-relevant clinico-genomic intelligence, announced the first close of its Series B funding round, raising INR90 crore co-led by renowned investors Ashish Kacholia and Lashit Sanghvi with participation from existing investor Yali Capital.
Ashish Kacholia and Lashit Sanghvi, Co-leads for the round, said, “4baseCare is building a powerful genomics and AI-driven clinical intelligence platform for inclusive precision oncology. With strong hospital partnerships enabling access to world-class diagnostics for patients in clinical settings, the company is well positioned to scale across emerging markets and expand its delivery model for maximum patient benefit”.
