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Existing investors Z47 and Lok Capital participated in the round along with Norinchukin Capital and Alteria Capital.
The Mumbai-based startup will deploy the fresh capital to expand its engineering team, among others.
The funding round also saw participation from existing investors Kunal Shet and Parth D Bhasin.
The cohort also includes founders with backgrounds at companies such as Airbnb, Microsoft Research, Google and India's recently minted unicorn Sarvam AI.
The new fund has received commitments from Play Capital, a Nordic Fund of Funds (FoFs) and family offices such as Eraya, Twin & Bull Investments and Heritage Investments.
The funding round was co-led by Fidelity Management & Research Company and Amplify Partners.
Several domestic and global institutional investors including Mirae Asset Mutual Fund and SBI Life Insurance bought the shares.
The Bengaluru-based startup will use the fresh capital to strengthen its technology and product capabilities and expand its experience supply across existing markets.
The fund has already deployed nearly Rs 55 crore across four deeptech startups.
The funding round saw participation from Foundation Capital.
The anchor book saw participation from large domestic mutual funds including SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual Fund, among others.
The funding round also saw participation from existing investors Accel, S32 (Section 32), Prosus Ventures, Hitachi Ventures and Wipro Ventures.
The round also saw participation from Entrepreneur First and a group of angel investors, including backers from quantitative trading firms.
The fund has brought Quest Global Engineering Services as a Limited Partner (LP), adding an institutional investor from the engineering sector to its LP base.
The funding round saw participation from DeVC, Peercheque and Kunal Shah.
The board has cleared the allotment of up to 2.64 crore equity shares at Rs 314.11 per share to a group of non-promoter investors.
Unimech Aerospace and Manufacturing participated in the funding round.
The association plans to expand India’s angel investor base from around 1 lakh currently to 1 million.
The fresh capital will be used for product development, customer deployments, and expanding its engineering teams across the US, India, and Israel.
