December 10, 2025: India’s innovation ecosystem continued to demonstrate strong investor confidence on December 10, as three high-impact funding announcements emerged across sectors including fintech, electronics manufacturing, and deep-tech investment.
IAN Group Closes Alpha Fund at $100 Million to Back Deep-Tech Innovation
The Indian Angel Network (IAN) Group announced the final close of its Alpha Fund at $100 million, reinforcing its commitment to early-stage startups building in frontier sectors such as AI/ML, spacetech, semiconductors, biotech, sustainability, and climate solutions.
According to the IAN Group leadership, the goal of the fund is to accelerate India’s progress in next-generation technologies.
“We’re backing founders who are building globally competitive solutions from India,” the team noted during the announcement, emphasizing the fund’s multi-sector mandate and long-term view.
The Alpha Fund is expected to support more than 50 startups over the next investment cycle.
Skydo Raises $10 Million Series A Funding to Scale Cross-Border Payments for MSMEs
Cross-border payments platform Skydo secured $10 million in Series A funding, led by Susquehanna Asia Venture Capital (SAVC) and Elevation Capital. Skydo enables Indian exporters and MSMEs to collect international payments faster and more efficiently.
The fresh capital will help the company expand its payment collection infrastructure, strengthen global card acceptance, enhance compliance automation, and build developer-friendly APIs.
Skydo’s founders said the investment will accelerate their mission to simplify international payments.
“Indian businesses should be able to operate globally without friction. This funding brings us closer to that reality,” the team said.
Elecbits Secures $5.5 Million Series A to Strengthen Its AI-Driven Electronics Manufacturing Platform
Hardware design and manufacturing startup Elecbits raised $5.5 million in a Series A round led by Nexus Venture Partners. The startup focuses on helping product companies accelerate hardware development through AI-enhanced design tools and scalable production capabilities.
With this funding, Elecbits aims to expand its engineering teams, invest in its AI-powered electronics platform, and enhance manufacturing infrastructure to support both Indian and global hardware innovators.
In its announcement, the leadership highlighted growing demand for smart, rapid hardware development.
“Our goal is to make electronics design as seamless as software development,” the founders said, adding that the new funds will help them meet rising customer demand.
A Strong Signal for India’s Startup Momentum
Together, these announcements underline India’s robust and diversified startup landscape. From deep-tech and AI to fintech and manufacturing, investors continue to show conviction in India’s potential to produce world-class innovation.
