Category: Funding

Rangsons Aerospace, founded by Pavan Ranga, has raised ₹300 crore ($36.5 million) in a funding round led by ValueQuest Investment Advisors, with Anand Rathi Advisors serving as the financial advisor.

The company specializes in aerospace, defense, and homeland security solutions.

The newly raised capital will be used to develop advanced products for commercial and military aviation markets globally, while also driving expansion into new business areas through strategic acquisitions.

Also Read : Sachin Tendulkar and Salman Khan Among Investors as Purple Style Labs Raises ₹102 Crore

A part of the Mysore-based NR Group, Rangsons Aerospace operates three facilities across Bangalore and Mysore.

Its product lineup includes satellite communication systems, airborne thermal management, and fluid distribution solutions.

As a Tier I supplier, Rangsons Aerospace partners with global aerospace giants such as Boeing, GE, and Honeywell.

It also provides critical systems to major Indian organizations, including ISRO, the Indian Navy, and HAL.

This investment will enable Rangsons Aerospace to strengthen its global footprint and continue innovating in the aerospace and defense sector.

Mumbai-based Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop (PPUS), has raised ₹102 crore (approximately $12 million) in a fresh funding round from over eighty investors as it prepares for an initial public offering (IPO) in 2026.

According to regulatory filings sourced from the Registrar of Companies (RoC), PSL’s board approved a special resolution to issue 2,040 preference shares at ₹5,00,000 each, raising ₹102 crore over the past three months.

Key investors include Minerva Ventures Fund (₹10 crore), Cordelia Family Trust (₹5 crore), S Four Capital (₹6 crore), and Sopariwala Exports (₹5 crore), along with 77 individual backers, including Sachin Tendulkar, Salman Khan, Surya Kumar Yadav, and Shraddha Kapoor.

The funds will be used for general corporate purposes and working capital requirements. Following this allotment, PSL’s valuation is expected to reach $400 million.

Founded in 2015 by Abhishek Agarwal, Purple Style Labs has positioned itself as a luxury fashion platform, operating Pernia’s Pop-Up Shop and The Stylist.

Since acquiring PPUS in 2018, the company has expanded to 15 experience centers across major Indian cities and London.

Also Read: AmpereHour Energy Secures $5 Million in Funding

The company recorded a 36% year-on-year growth, with revenue climbing to ₹508 crore in the last fiscal year from ₹372 crore in FY23.

However, losses widened by 20 percent, reaching ₹45.6 crore due to aggressive expansion efforts.

With an IPO planned for 2026, PSL is targeting $200 million in gross sales for the upcoming year. The latest funding will help strengthen its market presence and support further expansion in the luxury fashion sector.

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million (₹43.6 crore) in a funding round led by climate-focused fund Avaana Capital, with participation from UC Impower and existing angel investors.

This latest infusion of capital follows its previous $2.45 million raise from AngelList and others.

The company plans to utilize the funds to scale its manufacturing and software capabilities, accelerate research and development, and enhance its product portfolio, aiming to strengthen its position in the growing energy storage sector.

Founded in 2017 by Ayush Misra, Rahul Shelke, Harshal Thakur, and Neehar Jathar, AmpereHour Energy specializes in stationary battery energy storage solutions, helping businesses and power grids efficiently store and manage electricity.

Its proprietary Elina energy management software plays a critical role in optimizing battery performance for renewable energy integration, backup power, and grid stability.

The startup has already made significant strides in the industry, securing major clients like Amazon, Siemens, Coca-Cola, and Indigrid.

With deployments across more than 50 locations, AmpereHour is currently commissioning 50 megawatt-hours (MWh) of power storage capacity and has ambitious plans to scale up to 1 gigawatt-hour (GWh) within the next 18 months, backed by existing contracted capacity.

Also Read: Weskill Secures Funding at ₹40 Crore Valuation

Beyond India, AmpereHour Energy is actively expanding its global footprint.

The company has ongoing projects in Oman and Nigeria, while ventures in Belgium and the UAE are currently in the commissioning phase, reflecting its growing international presence in the clean energy sector.

With rising demand for sustainable and efficient power storage solutions, AmpereHour Energy is poised to play a crucial role in shaping the future of energy infrastructure and grid resilience.

Upskilling platform Weskill has secured an undisclosed amount in a pre-seed funding round, valuing the company at ₹40 crore.

The investment comes from high-net-worth individuals (HNIs) and strategic investors.

The funding is aiming to fuel the platform’s expansion and enhance its AI-driven learning ecosystem.

Established in November 2023 by Prashant Prakash Dubey, Weskill addresses the growing disparity between traditional education and industry demands.

By leveraging artificial intelligence, the platform offers personalized career counseling and training modules, ensuring learners acquire relevant skills for today’s job market.

To provide high-quality experiential learning, Weskill has partnered with esteemed institutions such as EICT, IIT Guwahati, and various multinational corporations.

These collaborations enable the platform to deliver industry-relevant training to undergraduates and early-stage professionals, preparing them for success in corporate environments.

Also Read: Edtech Startup Dreamtime Learning Secures Funding from Gruhas

Beyond upskilling programs, Weskill has developed an AI-based career counseling and mock interview platform, reportedly benefiting over 170,000 students in their career advancement.

The company is committed to transforming education by empowering students and shaping a workforce equipped with in-demand skills.

Looking ahead, Weskill plans to upskill and guide over 600,000 students across India in the next two years.

The focus will remain on AI integration, innovative learning methodologies, and strategic industry partnerships to broaden its impact.

Edtech startup Dreamtime Learning has secured an undisclosed amount in a pre-Series A funding round from Gruhas, the investment firm co-founded by Nikhil Kamath and Abhijeet Pai.

This investment aims to bolster Dreamtime Learning’s expansion of its micro-school model in metropolitan areas and to scale its global online school, which currently serves learners in over 40 countries.

Founded by renowned educator Lina Ashar, who previously established Billabong High and Kangaroo Kids, Dreamtime Learning focuses on integrating technology into education.

The company emphasizes critical thinking and adaptability over traditional rote learning methods.

Ashar expressed that this investment validates their mission to revolutionize education, stating that with Gruhas’s backing, they are poised to scale their impact and reshape education for a rapidly evolving world.

This funding comes at a time when India’s edtech sector is experiencing significant growth. Valued at $7.5 billion in 2024, the industry is projected to reach $29 billion by 2030, expanding at a compound annual growth rate (CAGR) of 25.8%.

This surge is driven by rising aspirations, digital expansion, and a shift toward online learning.

Also Read: Ambitio Raises $2 Million in Seed Round Led by BLinC Invest

Gruhas’s investment in Dreamtime Learning adds to Nikhil Kamath’s growing portfolio in education and technology startups.

The Zerodha co-founder has been actively investing in early-stage companies through various vehicles, including Gruhas and WTFund.

Last month, WTFund announced its second cohort of nine startups, including Bengaluru-based BYTES, which develops AI-powered safety systems for two-wheelers.

Dreamtime Learning’s innovative approach and recent funding position it well to capitalize on the burgeoning opportunities within India’s rapidly expanding edtech landscape.

Bengaluru-based edtech startup Ambitio has successfully secured $2 million in seed funding, with BLinC Invest leading the round.

The funding round also saw participation from Ritu Bapna and other investors.

Prior to this, the company had raised $187K from First Cheque and additional backers as part of the same round.

The newly acquired capital will be directed toward enhancing technological capabilities, refining the student experience, and expanding distribution channels, the company stated in a press release.

Founded in 2022 by Dirghayu Kaushik and Vikrant Shivalik, Ambitio is an AI-powered platform that simplifies the university admissions process.

Also Read: Felicity Games Raises $3M Seed Funding Led by 3one4 Capital

By integrating insights from past applicants with expertise from alumni, the platform delivers a tailored and highly personalized experience for students.

Ambitio utilizes an extensive database of over 10 million data points to provide intelligent recommendations and connects students with admission specialists for personalized guidance.

The platform is exclusively designed to assist students in securing admissions to prestigious institutions worldwide.

Ambitio’s proprietary matching algorithm, trained on over 50,000 university programs, helps students find institutions that fit their academic and career goals.

The company claims its approach increases admission chances to top universities like Harvard, Stanford, Columbia, and Oxford by more than five times.

D2C jewellery brand GIVA has raised INR 102 Cr (about $11.7 Mn) in equity and debt from Alteria Capital and Northern Arc.

Backed by Premji Invest, GIVA plans to use the funds for retail expansion and general corporate purposes.

This marks GIVA’s second fundraise in five months. In October 2024, it raised INR 255 Cr ($30.3 Mn) in a Series B round led by Premji Invest to boost offline expansion and lab-grown jewellery offerings.

The brand currently operates 199 stores across Tier I and II cities, including Bengaluru, Pune, Hyderabad, Mumbai, and Delhi NCR.

Founded in 2019 by Ishendra Agarwal, Nikita Prasad, and Sachin Shetty, GIVA started with 925 fine silver jewellery and later expanded into 14K and 18K gold and lab-grown diamonds.

Also Read : Fintech Startup Yenmo Raises Rs 9.2 Crore in Funding

It retails via physical stores, online platforms, and shop-in-shop partnerships with Shoppers Stop and others.

In FY24, GIVA’s operating revenue surged 66% to INR 273.6 Cr, while net loss widened by 30% to INR 58.7 Cr due to a 55% rise in metal procurement costs.

Competing with CaratLane, Kushal’s, and Palmonas in India’s $3.7 Bn online jewellery market, GIVA’s funding comes as BlueStone prepares for an IPO, having filed for an INR 1,000 Cr+ public listing in December 2024.

Bengaluru-based fintech startup Yenmo, which provides instant loans against mutual funds, has raised Rs 9.2 crore in a funding round led by Y Combinator, with participation from Pioneer Fund, Zaka VC, and other angel investors.

The fresh capital will be used to expand Yenmo’s product portfolio, enhance its technology infrastructure, strengthen its operational capabilities, and drive market expansion, the company said in a press release.

Founded in 2022 by Ashutosh Purohit and Aryan Agarwal, Yenmo aims to redefine access to credit in India by offering secured lending solutions.

Initially offering loans against mutual funds, Yenmo is expanding to include stocks, insurance, and digital assets. Its Android and iOS platform ensures quick and seamless loan access.

The startup focuses on customer-centric lending, designing solutions based on user feedback and offering real human assistance instead of automated bots.

Also Read : MapMyCrop Raises $1.8 Million in Seed Funding to Expand Agritech Offerings

It differentiates itself by providing loans at interest rates as low as 10.5%, significantly lower than the 30%+ charged on traditional personal loans.

“Many borrowers experience harassment and data misuse. At Yenmo, we are dedicated to ethical lending that prioritizes transparency and customer well-being,” said Ashutosh Purohit, CEO and Co-founder of Yenmo. “With this funding, we will broaden our product offerings and build an in-house lending stack that eliminates predatory practices.”

Yenmo plans to expand secured lending to stocks and other assets while offering a high-interest savings account with easy liquidity.

Its streamlined platform enables secure loan applications in just 10 minutes.

Agritech startup MapMyCrop has raised $1.8 million in a seed funding round led by YourNest Venture Capital, with additional support from Eaglewings Ventures and other angel investors.

The investment is part of the YourNest-SanchiConnect Velocity Program 2024. The company had previously secured an undisclosed amount in the same round from Startup Wise Guys and other backers.

The newly acquired funds will be directed toward scaling operations, finalizing pilot projects, expanding the sales and operations team, and advancing its technology platform, the company stated.

Established in 2021 by Swapnil Jadhav and Rajesh Shirole, MapMyCrop offers an advanced 360-degree imagery agro suite that integrates critical agricultural data into a unified platform.

The company utilizes satellite imagery, IoT, and AI-powered insights to assist farmers and agribusinesses in monitoring, predicting, and optimizing crop health with high accuracy.

Currently, MapMyCrop supports over 4.7 million farmers worldwide and collaborates with organizations such as the US FDA for crop monitoring and sustainability initiatives.

It is also in the process of launching new solutions, including an AI-driven farm credit score system and a dedicated forest monitoring tool.

Also Read : indē wild Raises $5M in Funding to Expand Global Footprint

As part of its growth strategy, the company aims to expand into emerging markets across Africa, Latin America, and Southeast Asia while strengthening its presence in the US and Europe. It is also working on localized AI-driven solutions to address specific agricultural challenges in different regions.

With the global agritech market expected to reach $45 billion by 2028, MapMyCrop is positioning itself as a key player in the industry. Its platform offers five key modules: onboarding, crop monitoring, detection, prediction, and sustainability-focused add-ons.

The onboarding suite features automated field boundary mapping, crop type identification, and a historical data repository, equipping farmers with actionable insights for better decision-making.

Ayurvedic skincare brand indē wild has secured $5 million in a seed extension round led by Unilever Ventures, alongside SoGal Ventures and True Global Ventures.

The investment will fuel the brand’s expansion into the U.S. market and strengthen its growing partnership with SEPHORA.

Founded in 2021 by Diipa Khosla, indē wild specializes in Ayurveda-backed skincare and haircare products.

Over the past 18 months, the brand has witnessed a remarkable 400% growth in India, with its Champi Hair Oil becoming the #1 bestseller on Nykaa and a product selling every minute.

Also Read: MaxIQ Raises $7.8M in Seed Funding and Appoints New Leadership

“This funding is more than just a financial milestone… it’s a vote of confidence in what we’re building,” Khosla shared in a LinkedIn post.

Despite initial skepticism from investors about its niche positioning, indē wild has proven that Indian beauty can thrive on the global stage without diluting its identity.

With this latest funding, the brand is poised to scale operations and bring its unique blend of Ayurveda and modern science to a wider international audience.