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    Kutlerri.ai raises $4 million from Narahari Investments. JSW Ventures completes the first close of Fund III, with JSW Family Office as anchor investor. Desible.ai raises ₹32 crore in a funding round led by Prime Venture Partners, with participation from Invention Engine. mistEO raises ₹18 crore in a seed round led by MGF Kavachh, with Seafund and other investors participating. Astrome Technologies signs an agreement with the Technology Development Board for ₹64.05 crore in support through optionally convertible debt under the RDI Fund. Nawgati is selected among the top 10 finalists of the UAE-India Startup Series 2.0. ValueQuest commits ₹775 crore across Sagar Defence Engineering, TASE Global and Rational Engineers. Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board. London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Kutlerri.ai raises $4 million from Narahari Investments. JSW Ventures completes the first close of Fund III, with JSW Family Office as anchor investor. Desible.ai raises ₹32 crore in a funding round led by Prime Venture Partners, with participation from Invention Engine. mistEO raises ₹18 crore in a seed round led by MGF Kavachh, with Seafund and other investors participating. Astrome Technologies signs an agreement with the Technology Development Board for ₹64.05 crore in support through optionally convertible debt under the RDI Fund. Nawgati is selected among the top 10 finalists of the UAE-India Startup Series 2.0. ValueQuest commits ₹775 crore across Sagar Defence Engineering, TASE Global and Rational Engineers. Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board. London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating.
  • Constelli Wins iDEX Grant to Build Drone-Based Signals Intelligence System for IAF

    Constelli Wins iDEX Grant

    Hyderabad-based defence electronics company Constelli has signed a SPARK Grant Agreement under the Innovations for Defence Excellence (iDEX) initiative to develop a drone-based electronic support system for the Indian Air Force (IAF).

    The proposed system will be designed to strengthen signals intelligence (SIGINT) capabilities in hilly terrain and high-altitude areas.

    The agreement was signed at the Defence Innovation Organisation (DIO) office, with the development announced by iDEX-DIO through its official X account on November 12, 2026.

    The announcement identified Constelli as an iDEX winner and specified the project as “UAS-Based ESM for SIGINT in Hilly Terrain & High-Altitude Areas”.

    The project focuses on developing an unmanned aerial system (UAS)-based electronic support measures (ESM) capability to help the IAF detect, identify and locate electronic emissions in challenging geographical conditions.

    Constelli to Develop Drone-Based Electronic Intelligence System

    The iDEX challenge associated with the project outlines a vehicle-supported system incorporating tethered drones equipped with electronic-intelligence sensors.

    The proposed platform is intended to detect and locate electronic-warfare emitters and relay the collected information to the Indian Air Force, particularly in high-altitude and hilly regions.

    The Constelli project centres on electronic intelligence and signals intelligence capabilities. Electronic Support Measures (ESM) involve detecting, identifying and locating electromagnetic emissions, while Signals Intelligence (SIGINT) refers to gathering intelligence from signals.

    The proposed system is therefore intended for intelligence-gathering operations rather than functioning as a drone-based jamming platform.

    Operating in mountainous and high-altitude environments presents specific requirements for surveillance and intelligence-gathering systems.

    The iDEX challenge seeks a drone-supported capability that can help the IAF identify electronic-warfare activity and obtain relevant signal information in these operational environments.

    iDEX Grant Supports Development, Not Immediate Defence Procurement

    The agreement signed by the company falls under the SPARK Grant framework of the Innovations for Defence Excellence initiative.

    The programme supports the development of indigenous defence technologies by providing financial and institutional assistance to selected innovators.

    However, the development grant does not automatically translate into a defence procurement contract. Under iDEX rules, funding for prototype development does not guarantee a subsequent order from the armed forces.

    The November 12 announcement did not disclose the sanctioned grant amount. It also did not indicate that the proposed Constelli system had been completed, tested or delivered to the Indian Air Force.

    Although the matching iDEX challenge appears under the iDEX Prime Re Open category, the available announcement does not establish the specific edition under which Constelli was selected.

    Constelli’s Defence Electronics and Electronic Warfare Portfolio

    Constelli Signals Private Limited operates in the defence electronics segment, with its offices in Hyderabad and Bengaluru. The company lists Satya Gopal Panigrahi as its chief executive officer and Avinash Chenreddy as its chief technology officer.

    Its product portfolio includes electronic-warfare signal simulators, radar target and echo simulators, telemetry receivers, drone payloads, jammers and decoys, according to the company’s website.

    These offerings span electronic-warfare testing, radar simulation, telemetry and defence-related electronic systems, positioning Constelli in the specialised defence electronics and testing equipment segment.

    General Catalyst, which led Constelli’s Series A funding round, has also outlined the company’s work in defence technology.

    The investor has described Constelli’s simulators, telemetry systems and test equipment as being used by laboratories of the Defence Research and Development Organisation (DRDO).

    General Catalyst has further identified Constelli as a co-development partner for electronic-warfare-related work.

    Constelli’s $20 Million Series A Funding Round

    Constelli has also secured institutional investment to support its business and technology development. According to transaction disclosures by law firm Khaitan & Co, the company’s Series A funding round was valued at US$20 million.

    General Catalyst contributed approximately US$14 million to the round and led the investment.

    The Series A equity funding is separate from the SPARK development grant signed under the iDEX initiative.

    While the investment represents equity financing for Constelli, the iDEX agreement specifically supports the development of the proposed drone-based electronic support system for the Indian Air Force.

    With the latest agreement, Constelli has been selected to develop a specialised unmanned aerial system-based electronic support capability addressing the IAF’s requirements for signals intelligence operations in hilly terrain and high-altitude areas.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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