20 results found
Indian drone manufacturer ideaForge has announced a significant return to profitability, reporting a net profit of ₹6.5 Cr in Q2 FY24. This turnaround, following a loss in the previous quarter, signals strong operational momentum and renewed investor confidence in India's burgeoning deep tech and dr
Bengaluru-based QwikBuild has raised $2.3 million in a pre-Series A funding round to significantly expand its enterprise AI platform. The capital infusion will fuel product development, market reach, and bolster its position in India's burgeoning AI sector, empowering businesses with data-driven ins
Live2.ai, a prominent AI-powered marketing SaaS platform, has successfully raised ₹130 crore in funding to significantly expand its platform and bolster its market reach. This investment underscores the increasing traction for AI-driven solutions in revolutionizing marketing strategies for businesse
Bengaluru-based Nova Spectral AI has raised ₹21.2 Cr (approximately $2.5 million) in a pre-seed funding round to develop cutting-edge indigenous infrared sensor chips, marking a significant step towards India's self-reliance in critical deep tech hardware.
Viasat and IN-SPACe have unveiled six finalists for the 'Space for Good India STEM Challenge', highlighting innovative Indian student projects leveraging satellite technology for social impact, from flood prediction to precision agriculture.
Indian AI startups are witnessing a substantial surge in funding, particularly for those focused on deep tech innovations. This trend highlights increasing investor confidence in India's capacity to build advanced AI solutions and marks a pivotal moment for the nation's tech ecosystem.
The IndiaAI Mission has significantly boosted indigenous AI development by allocating 9.3 million GPU hours to 237 diverse projects. This massive computational support is a strategic move to foster AI innovation, reduce reliance on foreign infrastructure, and position India as a global AI leader.
Indian deeptech and AI startups are experiencing a significant surge in funding and government support, highlighted by the ₹10,000 crore IndiaAI program and major investments in homegrown unicorns like Krutrim AI and Sarvam AI. This momentum is positioning India as a formidable global AI innovation
India's startup ecosystem kicked off October strong, securing $418 million across 22 early-stage funding deals. This significant capital injection signals robust investor confidence and continued growth momentum across various sectors, reinforcing India's position as a vibrant hub for innovation.
An IIT Madras-backed DeepTech India fund has successfully raised ₹453 Crores in its initial close, aiming for a ₹2,000 Crores corpus to propel Indian startups in AI, advanced materials, and biotechnology sectors, significantly boosting indigenous innovation.
India's spacetech sector is experiencing a significant boom, driven by government reforms and a surge in startups and funding. However, investors remain cautious due to long gestation periods, high capital needs, and regulatory uncertainties, seeking more patient capital and clearer market framework
Enlight Metals, an Indian startup leveraging Agentic AI to revolutionize metal procurement, has secured $1.5 million in funding from Exar North Group. This investment underscores the growing potential of AI in optimizing traditional B2B supply chains, particularly crucial for India's industrial sect
Peak XV Partners, a leading venture capital firm, has divested a significant portion of its stake in Indian fintech unicorn Groww, selling shares worth ₹1,756 crore. This move reduces their holding to approximately 14.2%, signaling a maturing market for India's rapidly growing financial technology s
India's AI talent landscape is evolving, moving beyond the mere creation of AI models to a critical demand for deployment expertise and 'AI accountability'. The new challenge isn't a shortage of AI engineers, but a scarcity of professionals skilled in operationalizing AI ethically and effectively.
The IndiaAI Mission has approved 13 crucial projects under its Safe & Trusted AI pillar, focusing on developing advanced solutions for deepfake detection and mitigating AI bias, a significant step towards responsible AI deployment across India.
Bengaluru-based QNu Labs has raised ₹200 Crore in Series A1 funding, marking a significant milestone for India's quantum cybersecurity sector. This capital infusion will accelerate their development and deployment of quantum-safe security solutions, crucial for protecting data against emerging quant
RentoMojo, the Bengaluru-based furniture and appliance rental startup, has successfully secured ₹376 crore from anchor investors, including notable names like Kotak Mahindra MF and Nexus Venture Partners, as it prepares for its much-anticipated initial public offering (IPO). This significant pre-IPO
QNu Labs, an Indian quantum cybersecurity startup, has secured ₹200 Crore (approx. $24 Million) to significantly scale its R&D efforts. This major investment underscores India's growing focus on deep tech and securing critical digital infrastructure against emerging quantum threats.
Bengaluru-based Pixxel has raised $100 million in India's largest Series C funding for a space tech startup, bringing its total funding to over $150 million. This capital will accelerate the deployment of its hyperspectral imaging satellite constellation, providing critical Earth observation data fo
Tamil Nadu has launched ambitious AI initiatives, including the Tamil Nadu AI Mission (TNAIM) and a dedicated AI policy, aiming to establish the state as a national deep-tech leader. This strategic move is set to foster innovation, talent, and economic growth across India.