The Week that Was: Indian Startup News Overview (4th November - 8th November)
The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Health-tech, EV, EVaaS, Robotics & Data Solutions another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Seed, Pre-Series A, Series A & VC Funding round.
Sector: Health-tech
Funded Round: Pre-Seed Funding
Startup: Viraa Care
Established Year: 2023
Funding News: Health-tech Startup 'Viraa Care' wins $108,000 in Pre-seed Funding
A group of European angel investors have contributed $108,000 to the pre-seed investment round for the health-tech platform Viraa Care.
Investors: NTTVC, Z47 (previously known as Matrix Partners India), and Nexus Venture Partners
The money will be used for international expansion and its live courses on newborn and pediatric nutrition, which provide parents with professional advice that prioritizes nutrient-dense, fresh foods, according to a news release.
Viraa Care, which was co-founded by Sonal Babbar-Bhardwaj and Mayank Bhardwaj, offers online classes for parents on subjects including bottle and breastfeeding, introducing real food to babies, managing nutrition, and dealing with fussy eating issues. The platform seeks to do away with the need for processed infant goods that are loaded with artificial additives and preservatives.
Commenting to this significant funding round, Sonal Babbar-Bhardwaj, Co-founder of Viraa Care, highlights, “Indian mothers shoulder the responsibility of feeding their children, yet they often lack the right support. Many are influenced by Food Company marketing to make choices that do not always prioritize their child’s best interests. At Viraa Care, we aim to empower mothers by offering clear, unbiased advice grounded in science. This is not just a service—it is a movement to transform how our country approaches feeding, child nutrition, and child health.”
Mayank Bhardwaj, Co-founder of Viraa Care states, “With this funding, we are not just growing Viraa Care; we are revolutionizing how Indian families approach feeding, childcare, and nutrition. Our goal is to build a system that rivals the best in the world, grounded in science and evidence-based practices. India needs a robust support system for parents—one based on trust, not marketing gimmicks.”
Sector: EV
Funding Round: Seed round
Startup: MOOEV Technologies
Established Year: 2021
Funding News: Innovative EV Startup 'MOOEV Technologies' wins 
40 million in Seed Funding
40 million in Seed Funding
MOOEV Technologies, an innovative electric vehicle (EV) startup dedicated to reshaping India’s heavy-duty transportation sector, raises 40 million in a seed funding round.
40 million in a seed funding round.
Investors: Bizdateup, Inflection Point Ventures and Spectrum Impact (Aarti Industries Family Office)
MOOEV Technologies plans to utilize the funds raised in this seed round to deploy an initial fleet of 15 electric heavy-duty trucks, specifically targeting the cement industry through long-term contracts with two major clients.
In addition, MOOEV will implement high-voltage charging infrastructure to support this fleet, offering an integrated EV Fleet-as-a-Service model designed to meet the evolving needs of India’s industrial sector. This investment marks a critical step in advancing the country’s sustainability goals by reducing emissions in high-demand logistics industries.
“Though MOOEV Technologies is currently pre-revenue, the deployment of our electric fleet is expected to generate over ?70 lakhs in monthly revenue,” said Raghavendra Mysore, Cofounder & CEO of MOOEV Technologies.
Speaking about the investment, Jeet Chandan, Co-Founder of BizDateUp said, “The electric vehicle sector is at a pivotal moment in India, presenting immense opportunities for innovation and sustainability. Therefore, our investment in MOOEV Technologies underscores our commitment to supporting startups that are not only transforming industries but also contributing to a cleaner future.”
Sector: EVaaS
Funding Round: Pre-Series A
Startup: Hala Mobility
Established Year: 2020
Funding News: EVaaS Startup 'Hala Mobility' gains 51 crore in Pre-series A
51 crore in Pre-series A
In its pre-Series A round, Hala Mobility raised 51 crore (approximately $6 million), from its Founders
51 crore (approximately $6 million), from its Founders
Investors: Srikanth and Snehith Reddy, Phani Ramineni, Rohan Bajaj group, Bestvantage, Sarthy Angels, Invstt, and a network of family offices and high-net-worth individuals (HNIs)
According to a news statement from the company, the money raised will be utilized to increase Hala Mobility's EV fleet and spread its presence to six more Indian cities. By December of next year, the company hopes to have 10,000 new electric cars on the road, advancing its goal of transforming urban mobility through environmentally responsible and sustainable solutions.
Hala Mobility, an EV-as-a-service platform for gig workers and e-commerce businesses, was founded in 2020 by Srikanth Reddy, Snehith Reddy Meda, and Anand Pareek. Their platform consists of a fleet of electric two-wheelers that ensure 95% uptime and round-the-clock service availability, as well as an app with software for EV, battery, and driver management.
Hala Mobility, which was incubated by T-Hub, raised $1 million from Magnifiq Securities in a pre-seed round in May 2022. The company had raised Rs 1 crore in loans from Perpetuity Capital earlier this year.
Sector: Robotics
Funding Round: Series A
Startup: CynLr
Established Year: 2019
Funding News: Robotics Startup 'CynLr' secures $10 million in Series A
In a Series A funding round, the deep-tech robotics startup CynLr (Cybernetics Laboratory) has raised $10 million, increasing its total funding to $15.2 million.
Investors: Pavestone and Athera Venture Partners.
According to a CynLr press statement, the money will be utilized to grow the team and supply chain network as well as to increase hardware and software capabilities, all of which are intended to lower costs and enhance customer satisfaction.
CynLr, which was founded by Nikhil Ramaswamy and Gokul N A, offers industrial robotics AI-based robotic vision solutions. Industrial robotic arms can see, comprehend, and operate items in random, unstructured situations thanks to its visual object intelligence platform.
In order to facilitate plant-level automation, the business intends to provide its application Denso, which enables users to control demand variability for different parts using a hot-swappable robot station.
With a target of $22 million in sales by 2027, CynLr says it oversees a vast supply chain of more than 400 parts that are sourced from 14 different countries. The company also wants to increase its manufacturing capacity to deploy one robot system every day.
Sector: Data Solutions
Funding Round: VC Funding round
Startup: Induz
Established Year: 2023
Funding News: Encrypted Data Startup 'Induz' nets $780K in VC Funding round
As part of the YourNest-SanchiConnect Velocity Program 2024, data security solutions provider Induz has raised $780,000 in a fresh fundraising round.
Investors: YourNest Venture Capital and SanchiConnect
Induz, which was co-founded by Sreerama Mohan Gadam and Tirumalesh Chalamarla, intends to strengthen its capabilities by establishing unique hardware roots of trust and acquiring important certifications, demonstrating its dedication to delivering dependable and legal infrastructure.
In order to complete a full range of data protection services for businesses, the platform also intends to introduce an integrated data delivery solution and Confidential Identity and Access Management (Confidential IAM).
On this Funding round, Tirumalesh Chalamarla, Induz’s Co-Founder and CEO says, “The new investment will help the business expedite product development, obtain several paid proofs of concept (POCs) from clients, and obtain important security certifications. These certifications enhance client confidence and validate the security and dependability of Induz’s products, setting the business up for future expansion and long-term client relationships.”
