PE-VC Fund Investments
Defence-tech startup Optimized Electrotech raises Rs.35-Cr led by Exfinity Ventures
Ahmedabad-based defence and surveillance startup Optimized Electrotech has raised INR 35 crore (USD 3.7 million) in a funding round led by Exfinity Ventures. The round also saw participation from Blume Ventures, Mela Ventures, and Venture Catalysts Group Angel Fund.Founded in 2017 by Sandeep Shah and Dharin Shah, Optimized Electrotech develops electro-optic systems for the Indian Army and Navy, defence organisations such as Bharat Electronics and Bharat Dynamics, as well as the Indian Space Research Organisation (ISRO).The new funds will be used to expand into space-based sensing, focusing on satellite development, infrastructure expansion, and growing the firm’s presence in defence and security applications.
Between Feb 2019 and Mar 2025, Optimized Electrotech had attracted about USD 11 M from Dholakia Ventures, Equanimity Investments, GVFL, Samarthya Investment Advisors, Z Nation Lab, Blume Ventures, Mela Ventures and others.For FY25, Optimized Electrotech had reported about INR 2 Cr in Operating Income and about INR 10 Cr in Net Loss.
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