• Startup Pulse
    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. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. 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. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating.
  • Paar Autonomy Secures INR 3.5 Crore Pre-Seed Funding from Venture Catalysts

    Paar Autonomy Founder Vignesh Jayaraman

    New Delhi: Venture Catalysts, early-stage investor and integrated incubator, has led a ₹3.5 crore pre-seed funding round in Paar Autonomy, a robotics startup developing advanced perception hardware and agentic AI for unmanned aerial, ground, and maritime vehicles.

    These technologies are being designed for defence, policing, and industrial inspection applications.

    Founded in 2024 by robotics engineer Vignesh Jayaraman, who previously headed product at one of India’s leading drone startups, Paar Autonomy is building multi-sensor, gyro-stabilised gimbal cameras that provide drones and rovers with enhanced vision.

    Also Read: Pune to Become Hub for Defence Land Systems Innovation Under Indian Army-MCCIA MoU

    The hardware is integrated with proprietary AI models that enable autonomous systems to interpret complex environments, collaborate with human operators, and execute real-time decision-making.

    Paar Autonomy: Market Focus and Technology Roadmap

    The company’s first line of products will cater to the global defence market, where demand for perception and autonomy solutions in unmanned vehicles is valued at approximately $6 billion for drones alone, with ground and maritime robotics projected to add a further $4–5 billion by 2030.

    Earlier, the startup secured angel investment from seasoned pioneers of the Indian drone industry. With the latest infusion of funds, Paar Autonomy plans to set up its first manufacturing line, deliver pilot units to defence and public-sector undertakings, and expand its talent pool in perception engineering, embedded AI, and business development.

    Also Read: India Deep Tech Investment Alliance to Drive Capital into Semiconductors, AI, and Space

    Dr Apoorva Ranjan Sharma, Co-Founder and MD of Venture Catalysts, said, “A sovereign nation’s security depends on the intelligence that protects its borders and infrastructure. Paar Autonomy is creating that intelligence at the edge by combining multi-sensor perception with decision-making AI. Its technology has strong dual-use potential, from detecting threats at the border to inspecting infrastructure such as bridges and pipelines cost-effectively and safely.”

    Dr. Sharma added that the investment aligns with Venture Catalysts’ mission to support deep-tech founders addressing large, underserved markets, ensuring India builds global benchmarks in affordable, combat-ready autonomy.

    Vignesh Jayaraman, Founder and CEO of Paar Autonomy, said, “Our aim is to push the frontier of unmanned systems’ perception and autonomy. This funding will help us commission our first manufacturing line, deploy pilot units, and attract top-tier talent. We are building solutions that address India’s strategic needs while also competing globally.”

    As part of its roadmap, Paar Autonomy intends to collaborate with defence establishments, PSUs, and international OEMs. The company will supply turnkey gimballed payloads as well as licensable AI models capable of upgrading existing UAVs, UGVs, and USVs.

    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.

    Back to top