The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Semiconductor-tech, AI, Space-tech, Robotics, and Supply-Chain 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-Series A, Series A, Series B, Series C, and Series E.

Sector: Semiconductor-tech

Funded Round: Pre-Series A

Startup: Netrasemi

Established Year: 2020

Funding News: Kerala-based Startup 'Netrasemi' uplifts 10 crores in Pre-Series A

Netrasemi, a Kerala-based semiconductor startup, has raised Rs 10 crore in its pre-Series A round.

Investors: Unicorn India Ventures

The funds raised will be used to construct two ML SoC chips (Netra A2000 and Netra R1000).

Netrasemi is an Indian Edge AI semiconductor technology company founded in 2020 by Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha. Netrasemi is an Indian Edge AI semiconductor technology company building system-on-chips (SOC).

Netrasemi is an Indian Edge AI semiconductor technology company founded by Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha. Netrasemi is an Indian Edge AI semiconductor technology company building system-on-chips (SOC).

Over the past 12 months, the company has been receiving responses from large OEMs in various countries operating in medical, telecom, and industrial segments, and has begun generating revenue growth and profits of nearly $0.7 million from chip design and porting service for strategy partners.

Sector:  AI

Funding Round: Series A

Startup: RapidCanvas

Established Year: 2021

Funding News: AI Agents-led Platform 'RapidCanvas' secures $16 million in Series A

A $16 million funding round was led by Peak XV Partners for RapidCanvas, an artificial intelligence platform for business transformation.

Investors: Peak XV Partners, Titanium Ventures, Accel, and Valley Capital Partners

The funding will allow the company to expand its reach and refine its innovative offerings, positioning it as a pioneer in AI-driven business transformation, according to a press release.

RapidCanvas, a joint venture between Pangam and Uttam Phalnikar, was established by the duo. The startup came out of stealth mode after receiving $7.5 million in seed funding in March this year, led by Accel, with participation from Valley Capital Partners.

Harshjit Sethi, MD at Peak XV Partners, expressed his dismay at the decision to invest. It either forces them to rely on external consultants or drops these projects altogether. The innovative approach of combining artificial intelligence agents with subject matter experts helps organizations fill this gap and drive results.

Sector: Spacetech

Funding Round: Series B

Startup: Pixxel

Established Year: 2019

Funding News: Spacetech startup Pixxel raises $24 million in Series B funding

Pixxel, the space-technology startup that raised $36 million led by tech giant Google last year in June, has further secured $24 million as a part of its Series B round

Investors: DSG Ventures, British firm M&G Catalyst, American growth equity-focused fund Glade Brook Capital Partners

Pixxel, which also counts Canada's Radical Ventures and Lightspeed, has raised $95 million so far.

“The fresh injection of capital will enable us to launch more satellites more quickly, transforming how humanity perceives and responds to the challenges of our time”, said Awais Ahmed, Founder & CEO of Pixxel.

The funds will be used to enhance its software offerings, including the artificial intelligence platform Aurora, improve operations, and strengthen its capacity to provide a comprehensive range of satellite manufacturing services. Additionally, Pixxel plans to expand its research and development efforts to stay at the forefront of space technology innovation development efforts to stay at the forefront of space technology innovation.

Sector: Robotics

Funding Round: Series C

Startup:  Haber

Established Year: 2017

Funding News: Robotics Maker 'Haber' uplifts $ 44 million in Series C

Haber Industrial robotics maker Haber has raised $44 million in its Series C round. The financing consisted of $38 million in equity and $6 million in debt.

The proceeds will be used to scale its operations internationally, particularly in the US, to serve the demand for artificial intelligence-led industrial automation solutions.

Investors:  Creaegis, BEENEXT, and Accel.

Raghavan, Arjunan PN, and Priya Venkat founded Haber, which develops artificial intelligence-powered industrial robots that automate labor-intensive tasks like sample collection.

Food and beverages, agriculture, and oil and gas are some of the sectors where Haber helps industries reduce chemical consumption.

There is a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Accel is the largest external stakeholder with an 18.1% stake.

While the FY24 numbers are not yet disclosed, Haber reported total revenue of 82 crore and a loss of 36.7 crore in FY23. It's up against the likes of Prosus-backed Detect Technologies, Altizon, and Fero Labs.

Sector: Supply-Chain

Funding Round: Series E

Startup: Mintifi

Established Year: 2017

Funding News: Supply-chain Startup 'Mintifi' nets $180 million in a Series E

Teachers' Venture Growth (TVG) and international investment firm Prosus co-led a $180 million Series E funding deal for supply-chain financing startup Mintifi. Premji Invest, an existing supporter, took part in the fundraising as well.

The $80 million that Prosus disclosed last week is also included in the round. According to the press statement, Mintifi's worth jumped to $850 million after the new funding.

Investors: Teachers' Venture Growth (TVG) and International Investment firm Prosus

The finance consisted of $100 million in main capital and a secondary transaction that gave early investors liquidity and returns that were 11–12 times their initial investment. International Finance Corporation (IFC) partially sold its share in Mintifi, while Lok Capital, the company's original sponsor, left as part of the secondary sale. Additionally, the acquisition made it possible to monetize employee stock options (ESOPs).

The money raised supports the company's goals to expand the range of products it offers, such as factoring services, loans secured by real estate, and dealer management systems, while utilizing artificial intelligence to improve user experiences.

Mintifi, which was founded by Agarwal, Ankit Mehta, and Sanjoy Shome, serves the last-mile distribution network and provides small and medium-sized businesses (SMEs) in a variety of industries with payment solutions, invoicing, and tailored financing options. The company works with more than 300 brands, such as Parle Products, TVS, Honda, and Asian Paints.