The Week that Was: Indian Startup News Overview (30th November- 06th December)


Funding News: Planys Raises Rs 100 Crore to Boost Global Expansion and Launch Defence Unit

Startup: Planys Technologies

Founders: Tanuj Jhunjhunwala, Vineet Upadhyay, Professors Prabhu Rajagopal and Krishnan Balasubramaniam

About us: Planys Technologies is a deep-tech firm specializing in underwater robotics and advanced inspection solutions. The company develops autonomous and remotely operated underwater vehicles (AUVs/ROVs), hybrid robotic crawlers, and AI-powered 3D inspection systems used for industrial inspection of underwater infrastructure, hydrocarbon storage tanks, and complex marine/industrial structures. Planys enables safer and more efficient underwater inspections and infrastructure assessments globally.

Founded Year: 2015

Office: Headquartered in Chennai, India, serving industrial and maritime clients globally.

Sector: Deep-Tech / Underwater Robotics & Defence Technology

Funding Round: Primary Funding Round (2025)

Investors: Lead investors include Ashish Kacholia and Lashit Sanghvi, with participation from existing backers including Pratithi Investment, Samarthya Investment Advisors, 3i Partners, LetsVenture, and several angel investors. Early investors partially exited in this round.

Planys Technologies has raised Rs 100 crore to scale its operations globally and to launch its defence-focused subsidiary, Planys Ark. The funds will be used to expand its underwater inspection business across international industrial markets, develop and scale indigenous unmanned underwater vehicle technologies for defence applications, and establish a dedicated production facility in South Chennai with advanced fabrication and underwater testing infrastructure.

Website: https://www.planys.tech