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Funding News

Deep tech startup EyeROV raises Rs 10 Cr in Pre-Series A funding

EyeROV, a marine robotics deeptech startup, raised Rs 10 crore in a Pre-Series A round led by Unicorn India Ventures. The funds will be used to strengthen EyeROV’s geographical expansion into international markets.

Founded in 2016 by IIT Alumnus Johns T Mathai and Kannappa Palaniappan P, EyeROV uses deeptech for marine robotics and AI.

“With this funding, EyeROV will be able to scale up its sales, R&D, and operations much faster. Unicorn India has supported similar hardware/robotics companies in the past, and we believe this partnership will be highly beneficial,” said Johns T Mathai, CEO, EyeROV.

TravelTech startup Ziptrrip secures Rs 2 Cr in Pre-Seed funding

Ziptrrip, an AI-powered corporate travel and expense management platform, has closed its pre-seed funding round, raising Rs 2 crore from a clutch of prominent angel investors and industry leaders, including Anil K Jha, Prantik Dasgupta and others.

The newly acquired capital will be allocated to fuel Ziptrrip’s plans for market expansion, enhance its team-building efforts and drive continuous product innovation.

“This pre-seed funding represents a significant vote of confidence in our vision. The investment will enable us to accelerate our growth trajectory, and further enhance our AI capabilities,” said Shan Prabhakaran, Co-founder and CEO of Ziptrrip.

Other News

Vahdam India appoints Akanksha Srivastava Byrnes as Senior VP, Marketing

Wellness brand Vadham India has announced the appointment of Akanksha Srivastava Byrnes as Senior Vice President, Marketing. Based in New York, United States, Akanksha will be responsible for spearheading overall brand-building, global marketing strategy, and growth initiatives.

Prior to joining Vahdam India, Akanksha held several marketing roles in the US, spanning innovation, activation and performance of brands under CPG conglomerates

“Akanksha has a proven track record in working with global teams that can adapt to the ever-changing marketing landscape. Akanksha’s leadership will help us connect with consumers and enhance our brand relevance even further,” said Bala Sarda, Founder and CEO, Vahdam.

Prudent Equity launches its maiden fund PMS

Prudent Equity, a Gurugram-based wealth management firm, has launched its maiden Growth Strategy Portfolio Management Service (PMS).

Launched in July 2024, the fund, with a minimum investment of Rs 50 lakh, is designed for investors seeking long-term capital appreciation over 36 to 60 months. The fund is tailored to meet the needs of a diverse range of investors, including (HNWIs) and (UHNWIs), offering solutions for medium-to-long-term investment goals.

Prudent Equity aims to achieve Rs 250 crore in Assets Under Management (AUM) for the Growth Strategy PMS Fund by the end of 2025.

IIT Bhubaneswar signs MOU with IG Drones to establish Advanced Drone Excellence Centre

IIT Bhubaneswar has signed a Memorandum of Understanding (MoU) with IG Drones, a drone tech and AI company in India, to establish an Advanced Drone Excellence Centre at the IIT Bhubaneswar Research and Entrepreneurship Park, focused on disaster management R&D.

This collaboration marks a significant milestone in advancing drone technology research and development in the field of disaster management, especially as India is a disaster-prone country.

The new Centre of Excellence (CoE) will be dedicated to pioneering research and development in disaster management applications of drone technology. This initiative aims to enhance the capabilities of drones in responding to natural calamities. IG Drones has been used at Uttarakhand’s avalanche-affected regions, Sikkim’s landslides, and Odisha’s cyclone-prone areas.

(This article will be updated with the latest news throughout the day.)