Startups Powering Ahead: This Week's Most Notable Investment Wins
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
India's startup ecosystem continues to boom, with innovative ventures across mobility, cybersecurity, entertainment, climate tech, biotech, and fintech securing impressive funding rounds this week. Each of these companies is tackling a unique global challenge with bold solutions and visionary leadership. Here's a look at the standout startups that raised significant capital between May 17 and May 23.
Euler Motors
Founded by Saurav Kumar in 2018, Euler Motors is an automotive OEM headquartered in New Delhi. The company focuses on electric commercial vehicles, primarily three- and four-wheelers. Its flagship product, the HiLoad EV, is touted as the most powerful electric three-wheeler in India. The recent launch of the StormEV, a four-wheeled light commercial vehicle equipped with ADAS, shows Euler's push towards advanced, eco-friendly mobility solutions.
Funding Amount: USD 77 Million
Investors: Hero MotoCorp, British International Investment (BII)
CloudSEK
Launched in 2015 by cybersecurity expert Rahul Sasi, Bengaluru-based CloudSEK provides AI-powered threat intelligence tools. Its platform helps enterprises identify and mitigate cyber threats before they escalate, offering real-time risk intelligence. With a growing demand for cybersecurity solutions, CloudSEK's predictive tools are vital for digital security.
Funding Amount: USD 19 Million
Investors: MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and others
Mythik
Mythik, a Mumbai-based entertainment-tech company, was founded in 2025 by Jason Kothari. Positioned as the "Disney from the East," Mythik aims to modernise and globalise Eastern mythology, folktales, and historical stories. Leveraging immersive technology, the company targets a global audience of over 3.5 billion people with rich cultural content.
Funding Amount: USD 15 Million
Investors: Sakal Media Group, BITKRAFT, Shah Rukh Khan's family office, and others including notable individuals like Jaynti Kanani and Saif Saeed Ghobash
Alt Carbon
Founded in 2023 by Shrey Agarwal and Sparsh Agarwal, Alt Carbon is a Bengaluru-based climate tech company. It uses Enhanced Rock Weathering (ERW)—spreading basalt rock dust on farmlands—to capture CO₂ and improve soil health. This scalable solution not only addresses climate change but also boosts crop yields, offering environmental and agricultural benefits.
Funding Amount: USD 12 Million
Investors: Lachy Groom, Shastra VC, Tanmay Bhat, Nakuul Mehta, and others
Biostate AI
Founded by David Zhang and Ashwin Gopinath, both former professors from Rice and MIT respectively, Biostate AI is bringing generative AI to molecular medicine. The US-based startup has developed affordable, high-throughput RNA sequencing technologies (like BIRT and PERD) to fuel an AI platform capable of decoding human diseases.
Funding Amount: USD 12 Million
Investors: Accel, Gaingels, InfoEdge Ventures, Dario Amodei, Emily Leproust, and more
Data Sutram
Established in 2018 by Rajit Bhattacharya, Ankit Das, and Aisik Paul, Data Sutram is a Mumbai-based AI startup focused on fraud detection and risk analysis for financial institutions. Their proprietary Trust Score scans digital footprints to identify fraud, synthetic identities, and collusion, helping clients manage compliance and mitigate risk.
Funding Amount: USD 9 Million
Investors: B Capital, Lightspeed
These startups showcase the depth and dynamism of the Indian and global tech ecosystem, with each venture addressing pressing issues—from sustainable mobility and climate change to storytelling and molecular diagnostics. Their successful funding rounds not only validate their innovative approaches but also set the stage for impactful growth in their respective industries.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
33 minutes ago
- The Hill
NATO chief on whether Trump is at risk of rewarding Russia for invading Ukraine: ‘I don't think the risk is there'
NATO Secretary-General Mark Rutte said Sunday that he doesn't believe there is a risk that peace negotiations in Alaska with President Trump and Russian President Vladimir Putin will reward Russia for its invasion of Ukraine. ABC News's Jonathan Karl asked Rutte on 'This Week' if he believed, like former national security adviser John Bolton does, that negotiations are sliding in Russia's favor, which could potentially reward the country for its invasion. 'No, I don't think the risk is there,' Rutte replied. 'And all my respects for John, and please send him my best regards, but I would not agree on this point with him. We have seen President Trump putting incredible pressure on Russia.' 'So, this is all clear evidence that President Trump is absolutely adamant to bring this war to an end, but also to keep maximum pressure on Putin,' Rutte later added. Rutte said the Friday meeting between to two leaders was important because it 'is testing Putin, how serious he is in this whole process, which will then have to continue after Friday, with Ukraine involved, with others involved, to bring this war to an end.' Trump and Putin are set to meet in Alaska on Friday to discuss peace negotiations. Ukrainian President Volodymyr Zelensky was not invited to the summit; however, the White House and the NATO Ambassador Matthew Whitaker said there is a possibility he will attend. Bolton, who was the national security advisor during Trump's first term, said Saturday on CNN's 'The Source' with host Kaitlan Collins, 'The only better place for Putin than Alaska would be if the summit were being held in Moscow.' 'So, the initial setup, I think, is a great victory for Putin,' he continued. On Aug. 6, Trump signed an executive order adding a 25 percent tariff on India's purchases of Russian oil, bringing the tariffs up to a total of 50 percent. The tariffs will be in effect 21 days after Trump signed the executive order. This was intended to let India negotiate with Russia; however, in the meantime, India's leader has reaffirmed its bipartisan relations with the Kremlin. 'We also reviewed the progress in our bilateral agenda, and reaffirmed our commitment to further deepen the India-Russia Special and Privileged Strategic Partnership. I look forward to hosting President Putin in India later this year,' Narendra Modi said. The NATO chief also mentioned Trump's actions within the international organization as proof that the president is dedicated to this peace deal. 'He was the one delivering the big success at the NATO summit, the 5 percent spending commitments in June, one of the biggest foreign policy successes of the U.S. in the last couple of years,' he said. Rutte also mentioned the deal struck in July between the Trump administration and NATO countries to send more weapons to Ukraine. The meeting in Alaska will discuss territorial claims. Last week, Putin shared a ceasefire agreement with the Trump administration, which asked for control of Eastern Ukraine. Zelensky adamantly opposed the deal by posting on X, 'Any decisions that are against us, any decisions that are without Ukraine, are at the same time decisions against peace.' Rutte said the negotiations would include talks about territory as well as 'security guarantees' and 'the absolute need to acknowledge that Ukraine decides of its own future, that Ukraine has to be a sovereign nation, deciding on its own geopolitical future, of course, having no limitations to its own military troop levels, and for NATO to have no limitations on our presence on the Eastern flank in countries like Latvia, Estonia and Finland.' Whitaker reassured on Sunday that no matter what deal is struck between the parties, there will be verification that both countries are acting towards peace.
CNN
an hour ago
- CNN
On GPS: The end of the US-India friendship?
This week, President Trump announced that India's new base tariff rate of 25% would rise to a whopping 50% later this month — as punishment for buying Russian oil. Will this tariff fight destroy the US-India strategic friendship? Fareed talks to Indian journalist Barkha Dutt.
CNN
2 hours ago
- CNN
On GPS: The end of the US-India friendship?
This week, President Trump announced that India's new base tariff rate of 25% would rise to a whopping 50% later this month — as punishment for buying Russian oil. Will this tariff fight destroy the US-India strategic friendship? Fareed talks to Indian journalist Barkha Dutt.
