Tag: Arkam Ventures

Mirana Toys has raised Rs 57.5 crore ($6.9 million) in a Series A funding round led by Arkam Ventures, with participation from Accel, Info Edge and Riverwalk Holdings.

The company plans to use the funds to expand its manufacturing capabilities, including a new facility with advanced molding, die-casting and integrated packaging systems. The capital will also support Mirana’s design, engineering and international sales functions as it scales its presence in global markets.

Founded in 2021 by Devansh Sharma and Ravi Yadav, Mirana focuses on technology-led toys across robotics, AR, electronics and hands-on learning. The company manages its product lifecycle in-house, from design and prototyping to electronics development, assembly and quality control.

Mirana operates a fully integrated production setup with design studios, electronics labs, tooling and molding lines, along with compliance testing. This approach has helped the brand build relationships with international buyers seeking STEM and smart-toy offerings.

The company works with leading Indian automobile brands on licensed toy collections and continues to strengthen its order pipeline in the US and Europe, where American exports currently contribute about 40% of its volume. Mirana is also exploring distribution partnerships in the Middle East and Africa.

In India, Mirana products are available across more than 3,000 retail stores and leading ecommerce and quick-commerce platforms. More than one million children globally engage with Mirana’s tech-enabled toys.

Bengaluru-based deep-tech startup Chara Technologies has raised $6 million (approximately ₹52 crore) in a Series A funding round led by Arkam Ventures, with participation from Exfinity Venture Partners, Kalaari Capital, and IIMA Ventures.

The fresh capital will power Chara’s next phase of growth including setting up a state-of-the-art manufacturing facility in Bengaluru, developing next-generation electric motor variants, and scaling its in-house R&D and powertrain capabilities.

With this, the company aims to accelerate commercialization and cater to the growing demand from electric vehicle (EV) and industrial sectors.

Founded in 2019 by Bhaktha Keshavachar, Mahalingam Koushik, and Ravi Prasad, Chara Technologies is pioneering rare-earth-free electric motors and controllers.

Its proprietary synchronous reluctance motor (SynRM) architecture eliminates the need for magnets, offering a cost-effective and environmentally sustainable alternative to Permanent Magnet Synchronous Motors (PMSMs) without compromising performance.

Built on indigenous algorithms, control software, and power electronics, Chara’s integrated powertrain system delivers superior energy efficiency and scalability across multiple applications, from EVs and industrial machinery to agricultural equipment.

The startup currently works with over 100 customers, including Greaves Cotton, BullWork, Sonalika, and VST, and has formed a strategic manufacturing partnership with Greaves Cotton to produce SynRMs and controllers at scale.

Globally, Chara has established operations in Belgium and Italy and plans to deepen its presence in Europe and enter North American markets soon. The company is targeting a 6x revenue growth between FY25 and FY26 and aiming to sell 40,000 motors by FY27.

Enterprise communication startup Fyno has raised $4 million in a seed funding round, co-led by Arkam Ventures and 3one4 Capital. The fundraise comes as the company aims to strengthen its position in the rapidly growing compliance-driven enterprise messaging space.

The fresh capital will be deployed to enhance AI capabilities, expand go-to-market operations across India and other emerging markets, deepen product functionality, and build a hybrid infrastructure to support large-scale enterprise transformation.

Founded in 2022 by Aniketh Jain and Ashish Agarwal, Fyno has developed a compliance-first communication infrastructure enabling banks, financial institutions, and NBFCs to manage messaging across SMS, WhatsApp, email, push notifications, and voice.

After 24 months of product development and a year of live deployments, Fyno exited stealth mode with strong traction — processing over five billion communications in 2025 and onboarding 45 banks, NBFCs, and fintech firms, including Karnataka Gramin Bank and Lendingkart.

The company expects to achieve $2 million in revenue by FY25–26, growing to $5 million by FY26–27, driven by rising BFSI adoption.

Fyno’s platform ensures compliance with RBI, SEBI, TRAI, and DPDP mandates, while helping institutions reduce messaging costs by 20–30% and cut engineering effort by over 90%.

The startup now aims to double its customer base within 18 months, with more than 10 banks already in advanced discussions. Other notable clients include Kerala Gramin Bank, Protium, and Scripbox.

AI-native finance automation platform Hyperbots has raised $6.5 million in a Series A round co-led by Arkam Ventures and Athera Venture Partners.

Other investors in the round include JSW Ventures, Kalaari Ventures, Sunicon Ventures, and Darashaw & Company.

This takes Hyperbots’ total funding to $8.5 million, following a $2 million seed round in August 2024 led by Kalaari Capital. 

The fresh capital will be used to expand Hyperbots’ footprint in the US, accelerate new AI co-pilot development, and launch HyperLM, a large language model tailored specifically for finance and accounting data.  

The funds will also support deeper R&D and help build a comprehensive go-to-market (GTM) strategy. 

Founded in 2023 by Rajeev Pathak, Niyati Chhaya, and Ram Jayaraman, Hyperbots has developed agentic AI assistants that automate critical finance functions like procure-to-pay, order-to-cash, expense management, and reporting.

These tools integrate with widely used ERP, CRM, and finance systems, achieving 80% straight-through processing and 99.8% data structuring accuracy, reducing manual workload by up to 80%.

The Bengaluru-based startup currently serves over 100 clients across industries including healthcare, media, manufacturing, EV infrastructure, apparel, retail, construction, oil and gas, pharma, and real estate.

Hyperbots competes with players like OnFinance AI and is focused on transforming finance operations for mid-market enterprises through intelligent automation. 

Delhi-based astrology startup Vaya has raised $1.5 million in a funding round co-led by Accel and Arkam Ventures, with participation from Weekend Fund and angel investors Sumer Juneja and Sarthak Mishra of SoftBank India. 

The funds will be directed towards expanding the team, enhancing AI capabilities, and building a strong network of Vedic astrology experts, with a focus on the mass-premium segment.

Since its launch just two months ago, Vaya has already accumulated a user base of 30,000–40,000, primarily from metro cities like Mumbai, Delhi, and Bengaluru. The startup is also eyeing expansion into NRI markets in the US and Canada.

Founded in 2025 by Maahin Puri and Nitesh Kumar Niranjan, Vaya utilizes AI to interpret astrological data, allowing astrologers to concentrate on providing personalized insights, rather than manual calculations.

The platform currently operates with 11 in-house astrologers and follows a pay-per-minute model, offering time bundles ranging from five to 40 minutes. 

With impressive 60% month-on-month revenue growth, Vaya is poised to hit a $1 million annual run rate.

The startup faces competition from other established players such as Astrotalk, InstaAstro, GaneshaSpeaks, Click Astro, Astroyogi, and Bodhi in India’s $58 billion spirituality market.