SVASTEK and Dream Aerospace Raise Early-Stage Funding The following startups have announced their latest funding rounds.

By Entrepreneur Staff

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

[L-R] Founders of SVASTEK and Dream Aerospace

Medtech Startup SVASTEK Secures INR 2 Cr Funding Led by IAN Angel Fund

Medtech startup SVASTEK has raised INR 2 crore in a seed funding round led by IAN Angel Fund.

The funding will support the launch of SVASTEK's flagship ALLTIP-enabled NIV mask across India. The company plans to build a distributor network, expand its clinical application team, and enhance awareness through medical conferences and targeted outreach programs.

Arita Abrol, Founder of SVASTEK, expressed her excitement, stating, "This investment is a huge step forward for SVASTEK. It validates our vision of creating impactful, innovative solutions that transform global MedTech." She emphasized India's growing potential in MedTech, citing initiatives like MedTech Mitra, BIRAC grants, and Make in India projects as pivotal to the industry's evolution.

Founded in 2022, SVASTEK focuses on respiratory and critical care innovations, with a commitment to addressing gaps in current medical technologies. The company's flagship product, the ALLTIP Technology-enabled NIV mask, offers a pioneering solution for non-invasive ventilation combined with nutrition delivery, improving clinical outcomes and reducing malnutrition risks in long-term respiratory patients.

With plans to expand its product range and geographical presence, SVASTEK aims to become a global leader in respiratory care, driving innovation, affordability, and accessibility in healthcare.

Dream Aerospace Raises INR 3 Cr Funding Led by Inflection Point Ventures

Dream Aerospace, a Chennai-based aerospace and defense startup, has secured INR 3 crore in a pre-seed funding round led by Inflection Point Ventures (IPV). The funding will drive the development of the company's ATOM Thruster, validate its propulsion system, and set up an in-house High Altitude test facility.

Co-founded by Hari Krishnan KJ and Rogith S in 2022, Dream Aerospace aims to revolutionise satellite propulsion systems by offering high-performance, cost-effective, and scalable solutions for CubeSats and larger satellites. The company focuses on leveraging indigenous technology, aligning with India's "Make in India" and "Atmanirbhar Bharat" initiatives, making it a strategic partner for both commercial and defense sectors.

Dream Aerospace's propulsion systems promise superior performance at a fraction of the cost of international alternatives, addressing the growing demand for environmentally friendly and efficient satellite propulsion.

With plans to scale its production capacity to 40-50 thrusters annually, the company is positioned to support the burgeoning satellite market.

The startup claims to have already garnered recognition, including grants from TANSEED 4.0, Chunauti 5.0, and the Nidhi Prayas Program, along with accolades such as "Best On-Campus Startup of the Year" at the Indian Mobile Congress 2023.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Living

The 3 Lifestyle Habits That Made Me Sharper, Stronger and More Successful

These three simple yet powerful lifestyle changes transformed my productivity, energy and mindset. Here's how you can do the same.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

The Deepfake Threat is Real. Here Are 3 Ways to Protect Your Business

The rising use of deepfakes is a growing threat to businesses and society as technology advances. Here are three tips for companies to combat this threat.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.

News and Trends

Kolkata-Based Lab-Grown Diamond Brand Jewelbox Secures USD 3.2 Mn

The startup will primarily use the funds to expand its retail footprint, growing from eight stores to 30 locations by the end of this year.