A diverse group of companies, including Jeh Aerospace, TurboHire, and GameRamp, successfully secure seed funding
Several Indian startups have recently secured significant funding to fuel their growth and innovations. Here's a round-up of the latest investments:
Jeh Aerospace
Jeh Aerospace, a startup specialising in aerospace and defense manufacturing, raised $11 million in a Series A funding round. The investment was led by Elevation Capital, with participation from existing investor General Catalyst and recent strategic investment from IndiGo Ventures, the venture capital arm of IndiGo airline. The funding brings Jeh Aerospace's total funding to approximately $15 million, including a $2.75 million seed round in January 2024.
Founded in 2022 by Vishal Sanghavi and Venkatesh Mudragalla, Jeh Aerospace is headquartered in Atlanta, US, and has facilities in Hyderabad. The startup plans to use the capital to expand manufacturing capabilities, build large-scale factories, and advance its software-defined manufacturing technology that combines automation, AI, and advanced software for aerospace parts production. Jeh Aerospace has already delivered over 100,000 flight-critical components and secured $100 million in long-term contracts.
Prozo
Prozo, a startup offering a unified platform for warehousing, freight, and fulfillment, secured an undisclosed investment from actor Ranbir Kapoor. Prozo's proprietary tools, including ProWMS, ProShip, and the Control Tower, aim to streamline and optimise logistics operations for businesses.
No Recent Funding Information Found
Regrettably, recent funding information for TurboHire, GameRamp, Fraganote, EON Space Labs, Terafac, Tryo, and Prozo was not found in the provided search results.
Notable Startups and Their Offerings
- GameRamp, a game monetization platform, has gathered $5.4 million in a pre-seed funding round led by BITKRAFT Ventures. GameRamp's AI-native operating system enables developers to experiment and deploy monetization strategies for mobile free-to-play games and consumer apps.
- EON Space Labs, a deeptech startup, has raised $1.2 million in a Pre-Series A round led by MGF Kavachh. EON Space Labs focuses on developing advanced technologies for space exploration and satellite manufacturing.
- Tryo is a fashion shopping marketplace that allows users to order up to ten fashion items across styles and sizes for no cost, try them at home, pay for what they keep, and instantly return the rest.
- Terafac provides physical intelligence into industrial automation, enabling off-the-shelf robots to see, adapt, and perform complex manufacturing tasks without programming.
- Fraganote offers scents and perfumes developed in-house through a team of experts, including Baked Vanilla, Drunken Cake, and Beach Holiday.
- TurboHire provides an end-to-end recruitment automation platform to enterprises, using AI to enhance hiring speed, accuracy, and decision-making.
- Jeh Aerospace, a startup specializing in aerospace and defense manufacturing, has raised $11 million in Series A funding led by Elevation Capital.
- Polite Powertech, a power-transmission company, has secured Rs 20 crore in a pre-IPO funding round led by Chanakya Opportunities Fund I.
The investment in Jeh Aerospace, a startup focusing on aerospace and defense manufacturing, indicates a fusion of finance and technology, as they aim to advance their software-defined manufacturing technology. On the other hand, Prozo, a logistics startup, received funding from an influential figure in the lifestyle industry, signifying collaboration between finance and lifestyle sectors. Meanwhile, the startups such as GameRamp, EON Space Labs, Tryo, Terafac, Fraganote, and TurboHire, though not recently disclosing their funding details, represent the diverse landscape of Indian startups spanning across sectors like sports (GameRamp), finance (TurboHire), technology (EON Space Labs, Terafac, Tryo), and lifestyle (Fraganote).
