Get All Access for $5/mo

AjnaLens Raises INR 12 Crore The funds will be used to propel tech innovation, increase manufacturing in India, expand the team and customer base

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

AjnaLens, Mumbai-based XR hardware and software company, has raised INR 12 crore from Let's Venture Angel Fund, JITO Angel Network and angel investors, in another round of a pre-Series A funding.

The funds will be used to propel tech innovation, increase manufacturing in India, expand the team and customer base.

"Just a few years back, startups were lagging behind in competing with the established defense companies. Now, the Indian defense system is booming with a range of defense startups. AjnaLens is one of them and we are proud to back the dynamic team who have developed critical solutions for the security and defense space," said Sunil Kumar Singhvi, vice chairman JITO Angel Network.

"With rapid adoption of technology, deeper Internet penetration in India, terms like metaverse will become common tech vocabulary in the near future. We thank the investors for believing in our vision to augment human intelligence and empowering them to progress towards higher awareness. Focusing on growth, AjnaLens will utilize the funds to propel tech innovation, manufacturing in India, expanding team and customer base," said Abhijit Patil, co-founder and COO, AjnaLens.

AjnaLens is helping India's government and fortune 500 companies in digital transformation by providing end-to-end solutions related to VR training simulations, AR-based remote assistance, digital twin, enterprise metaverse as well as providing indigeneous defense solutions like see-through armor to Indian defense forces, said a statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Multiples Private Equity Leads INR 1000 Cr Funding in Shubham Housing

With the raised funds, the Gurugram-based platform aims to propel its growth trajectory, diversifying its product offerings and strengthening its national footprint.

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

News and Trends

Former Cleartrip CEO Ayyappan R Eyes Quick Commerce with FirstClub

After stepping down as Cleartrip's CEO earlier this year, Ayyappan brings his expertise from leading positions at Flipkart, including his role as chief business officer at Myntra.

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

Growth Strategies

Amazon To Improve Services In Tier II, III Cities: Samir Kumar, Country Manager

The bigger share of our business is coming from Tier II,III and beyond, says Samir Kumar, country manager, Amazon India