Bengaluru-based video generation and conversion platform Hypergro.ai has raised ₹7 crore ($800K) in a pre-Series A funding round led by Eternal Capital, with participation from Silver Needle Ventures, VCats, Astir Ventures, and FAAD Network.
The company had previously secured $961K from Silver Needle Ventures and others.
With the fresh capital, Hypergro.ai aims to accelerate innovation, expand globally, and strengthen its position in AI-powered marketing automation.
Founded in 2022 by Rituraj Biswas and Neha Soman, Hypergro.ai addresses key inefficiencies in digital marketing, such as manual execution, fragmented data, and lack of real-time intelligence.
Its AI-driven platform automates video generation, optimizes performance campaigns, and engages leads through AI-powered sales agents, helping brands scale efficiently.
The company claims its platform delivers videos 92% faster at 80% lower costs while enabling personalization, format adjustments, and multi-platform optimization.
Hypergro.ai plans to raise a Series A in 6-8 months to deepen AI integration in enterprise ad-tech, aiming to be the global AI marketing ERP by 2027.
It currently serves brands across e-commerce, retail, entertainment, gaming, travel, and hospitality, partnering with ClearTrip, Newton School, Gameskraft, and Docube.
As part of its growth strategy, Hypergro.ai is expanding into global markets, including the US, APAC, and GCC regions.
GoOAT, a direct-to-consumer (D2C) nutrition brand, has raised an undisclosed amount in its pre-seed funding round, led by D2C Insider Super Angels.
The round also saw participation from several prominent investors, including Deep Bajaj and Mohit Bajaj (Sirona), Dhruv Kohli (Boba Bhai), Shiv Dhawan (First Coffee), Akash Gupta (Zpyy Electric), Vikram Ahuja (HomeGuru), Gagan Malhotra (Swiggy Dineout), and Sanchit Garg (Amazon).
The fresh capital will be utilized to expand GoOAT’s product range and accelerate research & development, catering to the growing demand for nutritious and convenient meal options in the Indian market.
Founded in 2023 by Yash Kalra, the brand specializes in quick, ready-in-30-second breakfast and snacking solutions for health-conscious consumers.
They have introduced India’s first spoon-free overnight oats, it offers convenient, delicious, and protein-packed drinkable oats—perfect for busy individuals seeking a nutritious start to their day.
Singapore’s state-owned private equity firm Temasek has acquired a 10% stake in Haldiram Snacks Food for ₹85,000 crore ($1 billion), valuing the company at $10 billion.
This marks one of the largest deals in India’s packaged food industry, reinforcing Temasek’s commitment to the country’s growing consumer sector after months of negotiations, during which firms like Blackstone and Bain Capital were also in the race.
The fresh capital will support Haldiram’s expansion in India and abroad. The company, with annual revenue of over ₹12,500 crore in FY24, may bring in another investor and is also considering an Initial Public Offering (IPO) next year.
Haldiram, founded in 1937 in Bikaner, has grown into a global brand selling in over 80 countries. Known for namkeen, sweets, and ready-to-eat meals, it has expanded with sub-brands like Minute Khana, Cup Shup, and Cookie Heaven while acquiring Babaji Namkeen, Akash Namkeen, and Atop Foods.
Family divisions led to separate units in Delhi, Nagpur, and Kolkata, with the Delhi and Nagpur units merging in 2023 to form Haldiram Snacks Food Pvt Ltd, while the Kolkata unit operates as Haldiram Bhujiawala.
With the National Company Law Tribunal approving its merger process, Haldiram is set for further growth. Meanwhile, Temasek-backed Licious is also planning an IPO, reflecting the rising investor interest in India’s food sector.
Swiggy Instamart, a leading quick-commerce platform, has broadened its footprint by launching services in 100 cities across India, addressing the growing demand for ultra-fast 10-minute deliveries, particularly in tier II and III cities.
This expansion provides millions of customers with access to an extensive catalog of over 30,000 items, including groceries, daily necessities, electronics, smartphones, apparel, cosmetics, toys, and more—delivered within just 10 minutes, the company revealed.
As part of this growth, Swiggy Instamart recently extended its operations to cities such as Raipur, Siliguri, Jodhpur, and Thanjavur.
“We have noted that there is significant traction for convenience-led retail much beyond Indian metros, as both consumer behaviour and the value-proposition of quick-commerce evolve in tandem. Our expansion to 100 cities strengthens our reach and allows us to better serve growing consumer needs in underserved geographies,” Swiggy Instamart CEO Amitesh Jha said.
To support this expansion, Swiggy Instamart is scaling up its darkstore network with the introduction of ‘megapods’—large storage facilities ranging from 10,000 to 12,000 square feet.
These fulfillment centers can accommodate up to 50,000 stock-keeping units (SKUs), tripling the product variety compared to traditional darkstores.
“The expanded assortment opens up non-grocery categories but also enhances grocery selection available on the platform. This includes a mix of FMCG and D2C brands, as well as local brands tailored to the unique preferences of customers in each city,” the company added.
Slikk Club, a fast-fashion delivery platform , has raised $3.2 million in its seed funding round led by Lightspeed.
The round saw participation from Multiply Ventures, existing investors, and prominent angel investors, including Abhishek Goyal of Tracxn, Abhinav Pathak of Perpule, Madhav Tandan, Nikhil from Panthera, and Saurabh Gupta of DST Global.
The fresh capital will be used to scale operations in Bengaluru and strengthen key areas such as technology, category management, operations, and supply chain.
Founded in 2024 by Akshay Gulati(CEO), Om Prakash Swami(CTO), and Bipin Singh(CPO), Slikk Club targets young, trend-conscious shoppers including college students, young professionals, and urban consumers influenced by social media fashion trends while promising 60-minute deliveries.
The company plans to expand into tier I and tier II cities over the next five years, bringing its rapid fashion delivery model to a wider audience.
The company stated that its Try & Buy model, instant refunds, and hassle-free shopping experience eliminate long wait times, setting a new standard for convenience.
With a curated collection from over 80 brands, including Snitch, The Souled Store, Freakins, and Bewakoof, it appeals to young, trend-conscious shoppers driven by social media influences.
Delhi-based eco-friendly startup Ecoil, appeared on Shark Tank India Season 4, Episode 51.
The company, founded by Sushil Vaishnav and Kirti Vaishnav, promotes a sustainable waste-to-energy business model by collecting and recycling used food oil into biodiesel.
During their pitch, the founders sought an investment of ₹1 crore for 1.25% equity, valuing the company at ₹80 crore.
Sushil and Kirti Vaishnav, who met and married in Rajasthan, were struck by the large-scale waste oil production in the food industry.
After gaining experience in supply chains and blockchain, they returned to Jaipur in November 2019 and launched Ecoil.
Ecoil specializes in collecting burnt cooking oil and fats from eateries, offering the highest purchase price. The collected oil is then processed into biodiesel.
The company provides a range of services to help manufacturers efficiently manage their waste oils and fats.
To minimize waste-related challenges, Ecoil offers customized solutions tailored to the needs of food industries and fast food outlets.
With its structured approach and competitive pricing, Ecoil stands out as an ideal choice for selling used cooking
The founders revealed that they have gathered 75 lakh liters of waste oil, leading to a reduction of 1.6 crore kg in CO2 emissions.
Recognizing the potential of this initiative, Ritesh Agarwal and Chirag Nakrani invested ₹50 lakh for 1% equity, along with 0.6% advisory equity, and provided ₹50 lakh in debt at 9% interest for three years.
This deal set Ecoil’s valuation at ₹50 crore.
With this investment, Ecoil plans to enhance its operations, expand its reach, and contribute to India’s sustainable energy transition.
Chennai-based chai retail chain Chai Kings has raised $3 million (₹24 crore) in its Series A funding round from A.V. Thomas and Co. (AVT).
Previously, in January 2020, the tea brand secured $1 million in a seed round backed by Chennai Angels (TCA), Hyderabad Angels, and TiE India Angels. As part of the latest round, The Chennai Angels (TCA) are making a partial exit, realizing substantial returns.
The newly acquired funds will be utilized to accelerate expansion, enhance product offerings, and strengthen supply chain operations. Additionally, the company plans to invest in customer engagement initiatives and operational efficiencies to scale its business.
Founded in 2016 by Jahabar Sadique and Balaji Sadagopan, Chai Kings has positioned itself as a premium chai brand, offering a diverse selection of hygienic, high-quality tea blends with an emphasis on sustainability and customer experience.
The company currently operates 57 stores across Chennai, Hyderabad, and Coimbatore. With a focus on sustainable packaging and a customer-centric approach, Chai Kings expects to close FY25 with a revenue of ₹48 crore and a positive EBITDA.
Looking ahead, the brand aims to double its revenue within the next two years while maintaining profitability.
Global footwear brand Skechers has signed Indian cricketer Jasprit Bumrah as its brand ambassador. As part of the partnership, Bumrah will compete in Skechers cricket footwear and feature in the brand’s marketing campaigns, promoting both its performance and lifestyle collections.
Bumrah’s addition to the Skechers family strengthens the brand’s roster of ambassadors, which includes Yastika Bhatia and Ishan Kishan.
Skechers has also become the official kit sponsor of the Mumbai Indians team, further strengthening its presence in Indian cricket.
“I joined the Skechers family as they are known for blending comfort with cutting-edge innovation,” said Bumrah. “Their wide range of offerings makes it a perfect fit for athletes who value performance without compromising on style, especially for bowlers like me. I’m proud to represent a brand that resonates with my approach to both cricket and life.”
Rahul Vira, CEO of Skechers South Asia, expressed enthusiasm about the partnership, highlighting that Jasprit Bumrah’s relentless pursuit of excellence aligns with Skechers’ commitment to innovation and performance.
Vira emphasized that the Skechers team of athletes exemplifies how the brand’s cricket footwear offers both comfort and performance, benefiting players at all skill levels.
He further noted that Skechers is eager to expand its presence in cricket and contribute to shaping the future of sports culture in India.
Mohali-based shoe care brand SHOEGR has raised $100,000 in a pre-seed funding round backed by early-stage startup accelerator PedalStart.
The newly secured capital will be utilized to expand its product portfolio, enhance market reach, and boost brand awareness initiatives.
The company also plans to strengthen its direct-to-consumer (D2C) presence by improving its e-commerce experience and forging new retail partnerships to broaden its customer base.
India has the third-largest startup ecosystem in the world, and in recent years, it has also emerged as a key player in defence innovation.
Over the past 5 – 6 years, the country has witnessed a rapid rise in defence tech startups, fostering a growing ecosystem dedicated to advanced military solutions.
A significant shift occurred in February 2018 when the Ministry of Defence introduced the draft Defence Production Policy.
This policy set ambitious targets—tripling the defence sector’s turnover to ₹1.75 lakh crore and increasing defence exports nearly 15 times to ₹25,000 crore by 2025.
A crucial aspect of this initiative was encouraging innovation through startups, a move that many initially viewed with skepticism.
Today, as evolving geopolitical challenges demand stronger security solutions, homegrown defence tech startups are stepping up with groundbreaking advancements.
From AI-powered drones and marine robotics to advanced electro-optics and swarm warfare solutions, these companies are redefining India’s defence capabilities and positioning the country as a key player in global defence technology.
List of Top Defence Tech Startups in India
Here are 10 defence tech startups making a significant impact in this space.
Planys Technologies
Founded in 2015 by IIT Madras alumni Tanuj Jhunjhunwala and Rakesh Sirikonda, Planys Technologies is a Chennai-based defence-tech startup specializing in marine robotics, non-destructive testing (NDT), and AI-driven underwater inspections.
Its autonomous underwater vehicles (AUVs) provide real-time, high-precision data for defence, maritime security, and infrastructure monitoring.
With a strong foundation in research and technology, Planys has developed 10 proprietary products and completed over 350 projects across five countries.
Its autonomous underwater vehicles (AUVs) and robotics-driven solutions provide real-time, high-precision data for critical decision-making.
Backed by over 30 patents, the startup integrates AI-powered analytics with advanced inspection systems to enhance operational efficiency in challenging and restricted environments.
The company has raised $8 million to date, including a $4 million Series A round being the latest fund raise in 2024.
NewSpace Research & Technologies
Sameer Joshi founded NewSpace Research & Technologies (NRT) in 2018.
Based in Bengaluru, the aerospace startup specializes in next-generation unmanned systems, developing advanced drones and aeronautical solutions for global markets.
The company focuses on defence, telecommunications, disaster relief, and environmental monitoring.
NRT designs and manufactures industrial UAVs, collective robotics, AI modules, and GPS-denied navigation systems.
Its drones are capable of supporting communication and earth observation over distances of 5–20 km, with operational durations ranging from days to months.
With dynamic payload-swapping capabilities and AR/VR integration, they can adapt to both military and civilian missions.
To date, NRT has raised $73.2 million across 10 funding rounds, including a $430K Series B round in 2024.
Grene Robotics
Grene Robotics is a multinational B2B/B2G autonomous robotics company specializing in AI-driven aerial and ground solutions for the defence sector.
Founded in 2008 by Kiran Penumacha, the company has invested over a decade in research and development, pioneering unmanned systems that enhance operational efficiency, security, and automation.
Out of all products in the productline Indrajaal, the world’s first autonomous wide-area Counter-Unmanned Aircraft System (C-UAS).
Designed to neutralize aerial threats across all drone categories—micro, mini, small, large, and extra-large—Indrajaal marks a significant breakthrough in India’s defence capabilities.
Grene Robotics has secured a total equity funding of $4.2 million across five funding rounds. The company’s latest funding round, an Angel investment of $2 million, was raised on January 1, 2022.
Zeus Numerix
Zeus Numerix is a Mumbai-based defence tech startup specializing in simulation and modeling solutions for military equipment and operations.
Founded in 2004 by Basant Kumar Gupta, Irshad Khan, Abhishek Jain, and Prasanna Shevare, the company provides advanced design and analysis tools to enhance the performance and efficiency of defence systems.
The company has also made significant advancements in drone warfare, designing lethal payloads and ejector rack mechanisms for swarm drones.
These payloads, ranging from 3kg to 5kg, are adaptable across multiple drone platforms and have undergone rigorous military-standard testing.
Additionally, Zeus Numerix is working on modular kits to improve UAV accuracy and flexibility, positioning itself as a crucial player in modernizing India’s defence capabilities.
The company has raised a total of $2.22 million in equity funding, with its largest funding round amounting to $1.78 million.
Optimzed Electrotech
Optimized Electrotech is a deep-tech defence company specializing in electro-optics-based video surveillance systems.
Founded in 2017 by Sandeep Shah, Anil Yekkala, Dharin Shah, Kuldeep Saxena, and Purvi Shah, the company develops high-end surveillance solutions for defence, aerospace, paramilitary forces, and civilian applications.
Its advanced systems utilize multiple imaging spectrums, including Visible Spectrum (VIS), Near Infra-Red (NIR), Short Wave Infra-Red (SWIR), Medium Wave Infra-Red (MWIR), and Thermal Infra-Red (TIR).
These technologies enable long-range surveillance, zero-light image capturing, and resistance to environmental conditions, ensuring optimal security operations in all scenarios.
By integrating AI-driven analytics, Optimized Electrotech enhances border surveillance, aircraft tracking, and counter-drone measures.
Recently, the company won the ADITI 1.0 iDEX-DIO Challenge by the Defence Space Administration and was recognized at DefConnect 4.0.
It received a record INR 25 crore grant from the Government of India for its space situational awareness technology, further advancing India’s defence capabilities.
Tonbo Imaging
Tonbo Imaging is a Bengaluru-based defence technology startup specializing in advanced imaging and sensor systems for military reconnaissance, infrastructure security, and transportation safety.
Founded by Arvind Lakshmikumar, the company designs and deploys electro-optics solutions, leveraging micro-optics, low-power electronics, and real-time vision processing.
The company’s technology enhances situational awareness for soldiers, unmanned drones, security personnel, and automotive applications, enabling superior visibility in challenging conditions such as darkness, fog, and bad weather.
By balancing front-end analog processing with sophisticated digital image processing, Tonbo delivers lightweight, low-power imaging platforms across visible, mid-wave infrared (MWIR), and long-wave infrared (LWIR) spectrums.
With a vertically integrated design approach and a strong intellectual property portfolio, Tonbo offers cutting-edge electro-optics technology without ITAR/government restrictions, making it a preferred partner in emerging markets.
The company has raised a total of $23.9 million over four funding rounds. In its Series B round, Tonbo secured $17 million.
lvlAlpha
In 2019, Aditya Mishra and Anjum Perveen founded lvlAlpha, an early-stage defence technology startup dedicated to developing wearable solutions for the Defence Tri-Forces, Industry, and Public Health.
With a strong focus on innovation, the Pune-based lvlAlpha quickly gained momentum, earning ISO 13485 certification and securing support from AIC Mumbai and DST TBI, India.
Along the way, it received key grants from MeitY, the India Entrepreneurship Grant 2020, SASACT Grant 2020, and IOCL Startup Fund Round III.
Now, the company is rolling out advanced solutions, including wrist-worn health trackers, trauma monitoring software, and CBRN-grade PICs for pandemic response.
Committed to cutting-edge technology, lvlAlpha continues to enhance safety, situational awareness, and healthcare in high-risk environments.
Big Bang Boom Solutions
Founded in 2018 by Dr. Shivaraman Ramaswamy and Mr. Praveen Dwarakanath, Chennai-based Big Bang Boom Solutions (BBBS) is a fast-growing defence startup developing indigenous technology.
Their flagship 360 Advanced Battle Interface enhances T-Series tank capabilities, alongside innovations in personal safety drones and security solutions.
With expertise in AI, UAVs, propulsion, and data security, BBBS collaborates globally with partners from the UK, Israel, Finland, and Australia.
The company has won five iDEX challenges, securing INR 7.5 crore in grants, a multi-crore MOQ, and an international export license.
It also develops assistive technology for civilians, backed by BIRAC.
Recognized with multiple innovation awards, BBBS fosters a dynamic, inclusive work culture and aims to expand its presence in India and globally.
IdeaForge
IdeaForge, founded in 2010 by IIT graduates Ankit Mehta, Ashish Bhat, Rahul Singh, is India’s leading drone manufacturer, specializing in advanced UAVs for defence, homeland security, and industrial applications.
As the first Indian company to indigenously develop and manufacture VTOL UAVs, it has deployed over 700 systems and trained more than 1,300 pilots for the Indian Army, Navy, Air Force, state police forces, and key enterprises.
With India’s largest operational UAV fleet, an IdeaForge drone takes off every four minutes, enabling over 550,000 successful missions in surveillance, mapping, and disaster response.
Ranked 3rd among the world’s Top Dual-Use Drone Manufacturers, the company continues to drive innovation through advanced R&D and manufacturing hubs in Navi Mumbai, Bengaluru, Delhi, and the USA.
Constelli
Founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli is a Hyderabad-based technology startup specializing in advanced signal processing solutions for the defence and aerospace sectors.
The company is dedicated to solving complex challenges through cutting-edge technologies, offering a wide range of solutions from radar systems and electronic warfare (EW) testing to mission-critical applications.
With a vision to make lives safer and better through signal processing systems, Constelli develops innovative solutions tailored to the evolving needs of defence, aerospace, and commercial industries.
Its expertise spans telemetry receivers, secure communication technologies, and research-driven advancements, ensuring precision and reliability in high-stakes environments.
Constelli has established itself as a key player in the industry, leveraging technology to enhance national security and operational efficiency.
According to Tracxn, the company reports an annual revenue of ₹32.6 crore, reflecting its growing impact and market presence.
India’s defence tech startups are driving innovation in security, surveillance, and military technology, enhancing strategic capabilities and gaining global recognition.
With government support through initiatives like iDEX and DISC, these firms are poised for growth, strengthening India’s defence preparedness and technological self-reliance.
As geopolitical challenges evolve, their contributions will be key to shaping the future of military innovation and national security.
