Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking to know where the cash is flowing.

Startup: Artociti

Sector: 3D wall art

Amount: INR1 cr

Led by: Namita Thapar & Vineeta Singh

Artociti, Indian mass-premium luxury 3D wall art and manufacturing brand, has raised INR1 crore for a 7.5% equity stake at a valuation of INR13.33 crore on Shark Tank India. The funding comes from renowned investors Namita Thapar, Executive Director of Emcure Pharmaceuticals, and Vineeta Singh, Co-founder and CEO of SUGAR Cosmetics. This marks the company’s first institutional investment.

“While managing exhibitions in the Middle East, I recognised a massive gap in the Indian market for premium, high-quality relief 3D wall décor. We built Artociti during the pandemic with a vision to create a national design-manufacturing brand right from Tier-2 India. This investment validates our belief that ‘Made in Bokaro’ can mean world-class quality at an industrial scale. We are deeply grateful for the confidence our investors have shown in our long-term vision.”

Startup: Vervesemi

Sector: Fabless Semiconductor

Amount: US$10 M

Led by: Roots Ventures, Caperize Fina & MAIQ Growth Scheme

Fabless Semiconductor startup Vervesemi has raised $10 million in a series A round led by ace market investor Ashish Kacholia and Unicorn India Ventures. The round also saw participation from Roots Ventures, Caperize Fina and MAIQ Growth Scheme.

Funds raised will be deployed in 3 key strategic areas. The Company will accelerate product commercialization of its machine learning–enhanced analog signal chain IC portfolio, including advanced data converters and intelligent power and sensing solutions targeted at industrial, smart energy, motor control, and avionics applications. The investment will also be directed to take existing silicon chips in production, product qualification, and scale engineering and applications teams to support global customers. A portion of the capital will also be used to expand the IP portfolio and strengthen its R&D capabilities in next-generation precision analog architectures. Lastly, Vervesemi will use the fresh funding to build its go-to-market presence across Asia, the US, and other key semiconductor markets to engage more deeply with OEMs and system companies.

Rakesh Malik, Co-founder & CEO, Vervesemi, says, “This Series A funding marks a defining milestone for Vervesemi. The round was multiple times oversubscribed, and the backing of Ashish Kacholia, Unicorn India Ventures, and other distinguished investors reinforces our conviction that world-class semiconductor innovation can originate from India. This funding allows us to move from technology validation to large-scale deployment, positioning Vervesemi as a global supplier of intelligent analog mixed signal semiconductor solutions.”

Startup: Beep

Sector: EdTech

Amount: US$850K

Led by: Knowhere Ventures LLC, Pacific Global Solutions Limited & LeadAngels FLV

Pune-based EdTech startup Beep, has raised 850K USD in a Pre- Series A funding round to accelerate its mission of building an AI-driven career ecosystem for students and early career professionals. The round saw participation from Knowhere Ventures LLC, Pacific Global Solutions Limited and LeadAngels FLV, along with individual investors Vipul Prakash, Founder of wowJobs, and Sandeep Johri, CEO of Checkmarx. With this round, the company’s total funding raised to date stands at 1.5M USD.

Saurabh Mangrulkar, Founder and CEO of Beep, said, “Tier 2 and Tier 3 students have the same ambition as Tier 1, only the system does not give them the same access. This fundraise is fuel for our mission to build a Tier 1 like career ecosystem at scale, where every student can explore, learn and earn faster, smarter and with real outcomes. Along with this, we have launched new product upgrades across the Beep ecosystem, including AI career tools, job ready learning programs and stronger recruiter and college workflows to improve real student outcomes.”

Startup: Otto Money

Sector: Fintech

Amount: US$1.3 M

Led by: Pravega Ventures

Otto Money, an AI-powered wealth guidance platform, raised $1.3 million in a pre-seed funding round led by Pravega Ventures. The round marks Otto Money’s first institutional capital and will support the company’s mission to bring unbiased, data-driven financial guidance to Indian investors navigating an increasingly complex investment landscape.

The round also saw participation from a group of prominent angel investors, including Rishi Kohli, CIO at Jio BlackRock AMC, Amit Gupta, Founder of InMobi and Yulu, Amit Agarwal, Founder of NoBroker, and Mohit Aron, Founder of Nutanix and Cohesity. Several existing backers also participated in the round, reflecting continued confidence in the company’s product vision and long-term approach to wealth guidance.

“Indian investors today have access to more financial products than ever before, but clarity hasn’t scaled at the same pace. Otto Money is built to address that gap, using AI to help investors understand their choices, manage risk consciously, and stay aligned with long-term goals rather than short-term noise,” said Apurv Gupta, Co-founder of Otto Money.”

Startup: IDfy

Sector: Cybersecurity

Amount: INR 476 Cr

Led by: Neo Asset Management

IDfy, the TrustStack platform, announced a INR 476 Cr funding round, including primary and secondary, to fortify its mission to build the foundational layer of trust for the modern economy and supercharge its global expansion. This significant investment, led by Neo Asset Management with continued support from existing partners at Blume Ventures, Analog Capital, Elev8, IndiaMART, and Kae Capital, will fuel IDfy’s strategic acquisitions, its entry into new international markets, and the continuous innovation of its product suite.

“Digital economies run on trust, the moment it breaks, adoption stops. IDfy pioneered digital verification infrastructure and is now building a global privacy and trust stack that prevents fraud at scale and adapts to new-age risks.” said Ashok Hariharan, Co-founder & CEO of IDfy. “This funding will accelerate our mission to build the digital infrastructure for trust for billions of people around the world.”