Venture capital fund Capital-A has led a $1.85-million (Rs 16.5 crore) seed funding round in Enerzi, a deep-tech manufacturing company. In separate developments, LightSpeed Photonics has raised $6.5 million in its pre-Series A funding round while Mirana Toys has secured nearly $6.45 million funding led by Arkam Ventures.
Capital-A backs Enerzi
Venture capital fund Capital-A has led a $1.85-million (Rs 16.5 crore) seed funding round in Enerzi, a deep-tech manufacturing company focused on microwave–plasma hydrogen production and engineered carbons, per an announcement.
The round also saw participation from 8x Ventures and other angel investors.
Based in Belgaum, Karnataka, Enerzi is developing a next-generation approach to clean hydrogen production using microwave plasma reactors. The new capital will support Enerzi in scaling its manufacturing capacity and strengthening its engineering and plasma science teams. It will also accelerate the commercial deployment of its clean hydrogen and nanocarbon platform in India and global markets.
pi Ventures leads $6.5m funding in LightSpeed Photonics
Deep tech startup LightSpeed Photonics has raised $6.5 million in its pre-Series A funding round led by pi Ventures, it announced on Wednesday.
Other investors in the round include 500 Global, Indian Accelerator and returning investors – 8X Ventures and Java Capital, and angels from the Bay Area.
With this, the company’s total funding stands at approximately $8.5 million, including grants.
Founded in 2021 by Rohin Y and Ramana Pamidighantam, LightSpeed Photonics is a deep-tech company pioneering high-speed optical interconnects for AI and high-performance computing systems. Headquartered in Singapore with strong presence in India, the USA, and Japan, the company’s mission is to enable energy-efficient and scalable data movement through advanced photonic technologies.
Going ahead, LightSpeed Photonics aims to set up an R&D facility for a quick turnaround time for pilots.
Mirana Toys raises $6.45m led by Arkam
Mirana Toys, a toy tech startup, has raised nearly $6.45 million (Rs 57.5 crore) in its Series A funding round led by Arkam Ventures.
The financing also saw participation from Accel, Info Edge, and Riverwalk Holdings, the startup said in a statement on Wednesday.
The funds will be used to set up a new factory, including the installation of injection-moulding and die-casting machines, along with in-house packaging lines. These initiatives will help the company increase monthly production to meet growing domestic and export demand. In addition, Mirana plans to expand its design and sales teams to accelerate international growth.
Founded in March 2021 by Devansh Sharma and Ravi Yadav, Mirana Toys designs and manufactures a wide range of smart toys, including AI-enabled robots, AR-enabled RC cars, hobby-grade RC vehicles, STEM kits such as Block Rider and Build Your Own RC, and educational toys like Moonwalker and Talking Kitty.
Mirana’s products are available in 3,000+ stores across India, including Hamleys, Toys“R”Us, and Lulu Mall, as well as on e-commerce platforms such as Amazon India, Amazon US, Flipkart, Swiggy Instamart and Blinkit.
