New Delhi, Indian startups have raised new early-stage investment this week, confirming that investors remain interested in funding new and innovative businesses. The startups that received solid support this week were in diverse sectors from quantum computing and artificial intelligence to home decor and wedding planning.
BQP (BosonQ Psi) – $5 Million
BQP is a technology startup that leverages quantum computing to speed up complex engineering simulations. Founded in 2020, the company is headquartered in the United States with a tech team based in Bengaluru. The deeptech firm plans to use the newly raised funds to further develop its unified digital-twin platform, BQPhy, which is designed to serve key industries such as aerospace, defense, and semiconductors.
Vaaree – $4.6 Million
Vaaree is an online store based in Bengaluru selling home items such as bedsheets, kitchenware, and garden. Founded in 2022, Vaaree connects customers directly to manufacturers, allowing them to sell improved quality at affordable prices to customers. Recently, Vaaree raised $4.6 million in a funding round led by Peer Capital, with participation from Surge and others. The startup plans to use the capital to further develop its artificial intelligence tool VibeCheck, improve its delivery capacity and build up its vendor network across India.
Trupeer AI – $3 Million
Bengaluru-based startup Trupeer AI has raised seed funding from RTP Global, Salesforce Ventures, and over 20 CIOs and CTOs part of Fortune 500 companies. Trupeer is known for its AI tool that converts screen recordings into professional videos with voiceovers, multilingual support, and avatars. Trupeer AI simplifies the creation of product demos and tutorials for businesses and educators.
Gibran – $2.6 Million
Gibran, an AI research startup based in Bengaluru, is building tools that complement humans to solve problems in industries such as education and healthcare. The company develops intelligent solutions with minimal data. The startup has now raised $2.6 million in seed funding from Together Fund, a venture capital firm founded by Girish Mathrubootham of Freshworks and Manav Garg of Eka Software.
Cookd – $2 Million
Cookd, an online retailer based in Chennai, has developed a wide range of ready-to-cook spice mixes and pastes that are free from preservatives. They hope to make home cooking even simpler through online sales, retail, and partnerships with companies like Swiggy and Blinkit. The company’s latest funding will be used to consolidate its business across stand-alone formats in Tamil Nadu, expand its presence in Kerala, and to develop new products across masalas, gravies, and ready-to-use kits.
The Wedding Company – $1 Million
Bengaluru-based digital wedding planning startup The Wedding Company has secured $1 million in pre-seed funding, led by LVX and Tremis Capital. Founded by Pawan Gupta and Rahul Namdev, The Wedding Company helps couples plan weddings by facilitating bookings for various wedding-related services, such as venues, photographers, catering, and decor, among others. The Wedding Company will use the funds to scale its services.
DCG Tech (DCGpac) – ₹15 Crores
Gurugram-based DCGpac provides small businesses and e-commerce companies with packaging and shipping supplies. It aims to provide one-stop logistics solutions.
Deep Algorithm Solutions – ₹10.8 Crore
With this new AI-driven cybersecurity startup, the goal is to protect against cyber risks and data breaches threats for banks, federal government offices and hospitals. The funds will go towards establishing itself in India and southeast Asia, expanding its technology teams, and enhancing their investment fraud detection tools.
Dial4242 – ₹9 Crore
Dial4242, a Mumbai-based startup offering real-time ambulance booking services in 850 cities, has raised ₹9 crore (about $1.04 million) in a pre-Series A funding round led by IAN Group and supported by BioAngels, NSRCEL at IIM Bangalore and other leading angel investors.
Navana.ai – ₹7 Crore
Founded in 2018 by brothers Raoul and Jai Nanavati, Navana.ai is a full-stack platform that enables enterprises to implement voicebots, transcription platforms and real time analytics at scale, the business said it will use the new investment to grow its R&D, expand its products.
Parkobot – ₹2.09 Crore
This Kolkata based startup helps cities resolve parking issues. It allows users to book precious parking spots via an easy-to-use, automated solution.
Zulu Club – ₹2.09 Crore
Zulu Club, a fashion quick commerce platform in Gurugram, has raised US$ 250,000 in pre-seed funding from TDV Partners. The new funds will allow it to improve its try-at-home service, increase products, and reinforce logistics.
In Conclusion
This week’s funding is proving that investors are looking for startups solving problems with clever and aspirational products, even in a tough environment. From high-tech, complicated things like quantum computing, to everyday requirements like food and fashion, there seems to be a greater appetite for the new and creative.
