Precision Engineering for the new India, expanding internet prenetration, and customer data analytics,

Welcome back to TechMantras!

Your one-stop guide for information on the Indian startup Ecosystem.

Every week, I consume various articles on the Indian startup ecosystem, and deliver exciting metrics and developments through a quick read.

1. 🔗 Link: Wiom raises Rs 140 Cr to make internet affordable

• In an interesting statistic, 9 unicorns participated in the funding round

• Home wifi penetration is currently 10% in India, compared to a global average of ~80%

How do they operate?

Wioms’s model taps into the PM WANI framework, launched by the government of India, to enable Wi-Fi acess to 500 Million Indians

The startup hopes to reach 15 Crore users in the next 5 years

2. 🔗 Link: Customer data and marketing platform set to raise $15 Million from Premji Invest

• This will be the third round for the Bengaluru and Delaware based startup

• The company offers marketing solutions for Shopify businesses, post-purchase campaigns and enables e-commerce marketplaces and D2C brands to increase their sales and retention

• The deal is already in an advanced stage, with the investors having received a term sheet

3. 🔗 Link: Deeptech Startup raises $7M

• Based in Bengaluru, Ethereal Machines specialises in producing precision engineering components for aerospace, automobile and healthcare use

• According to the company, their offerings reduce costs by 30% and production times by 40%

• ‘For India to be a superpower, advanced manufacturing is key’, says the company’s cofounder, Kaushik Mudda

This particular fundraise highlights the growing demand and progress in India’s manufacturing sector, which is also buoyed by the governments’s Make In India initiative

And that’s all for today friends! Thanks for reading, and I would love to hear your thoughts.

As always, feel free to reach out to me on LinkedIn or Twitter!

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