New Delhi, Aug. 25 -- Aerospace startup Airbound, wealth-management firm Nexedge Capital and industrial-technology startup Akron AI have raised fresh funding.

Airbound

Bengaluru-based aerospace startup Airbound has raised $37 million (around Rs 354 crore) in a Series A round led by Greenoaks, with participation from DoorDash, Lachy Groom, Lightspeed and Humba Ventures.

The company, founded in 2023 by Naman Pushp, is developing autonomous transport aircraft. The fresh capital will be used to accelerate engineering, commercial-scale manufacturing and go-to market efforts, taking Airbound's total funding to nearly $50 million since its launch.

Airbound said it has completed more than 1,000 autonomous flights with zero mission failures in partnership with Narayana Health, transporting diagnostic samples between healthcare facilities.

It has also signed an agreement with the Andhra Pradesh government to build a drone delivery network connecting three cities, with plans to scale up to 10,000 daily flights for retail, e-commerce and healthcare deliveries. The company says its aircraft are designed to reduce the weight required to carry payloads, with a longer-term ambition to extend the technology from cargo to passenger transport.

Nexedge Capital

New Delhi-based wealth management and multi-family office firm Nexedge Capital has raised $20 million (around Rs 191 crore) in its maiden funding round led by Mirae Asset Venture Investment and Elev8 Venture Partners.

The company plans to use the capital to strengthen its technology platform, expand its senior banker network and presence across India, including tier II and III cities.

Founded in February 2025 by Anirudha Taparia, formerly co-founder and joint CEO of 360 One Wealth, Nexedge has scaled to more than $3 billion in assets under management across around 1,300 clients within 18 months, according to the company. It has onboarded more than 95 senior bankers, with another 50 to 60 expected to join in 2026.

Akron AI

Akron AI, an industrial technology startup, has raised $1 million (around Rs 9.5 crore) in pre-seed funding led by Theia Ventures to build high-efficiency electronically commutated (EC) fans for commercial and industrial buildings in India.

The Bengaluru-based company is developing the motor controller, firmware and integration technology in-house, with its fans designed for Indian grid conditions and component-level repairability. Its units have been deployed at two international airports, a hyperscale logistics facility, two multinational corporate campuses, a metro rail authority headquarters and two private universities, said a statement issued by the company.

The funding will support Akron's efforts to build out its technology and scale up deployments, with a longer-term plan to use performance telemetry from installed fans to develop a software layer for equipment-level intelligence. The company aims to eventually extend its control architecture to other motor-driven applications such as pumps, blowers and compressors.

Akron was founded by Angad Deep Singh, who previously worked in construction and building systems in the US.

Published by HT Digital Content Services with permission from VC Circle.