India Dealbook: Charcoal Biryani, Aarav Unmanned Systems raise funding

Quick-services restaurant (QSR) firm Charcoal Biryani and Drone technology start-up Aarav Unmanned Systems have raised an undisclosed amount of funding in two different deals.

Charcoal Biryani raises $150k led by LionVentures

Mumbai-based Charcoal Biryani has raised $150,000 in seed funding led by LionVentures, the company’s spokesperson told DEALSTREETASIA.

The deal was closed 15 days ago.

Varun Dua, CEO and Devendra Rane, CTO; Coverfox also participated in the round.

The QSR firm will use the funding for its technology and expansion plans.

It startup covers almost all the areas in Mumbai and now plans to foray into Bangalore.

Charcoal Biryani was founded by LionVentures founders Anurag Mehrotra and Krishnakant Thakur alongwith Mohammed Bhol, Mikhail Shahani and Gautam Singh.

Aarav Unmanned Systems raises funding from StartupXseed, 3ONE4 Capital & others

Drone technology startup Aarav Unmanned Systems (AUS) has raised an undisclosed amount of seed funding from StartupXseed Ventures, The Phoenix Fund and 3ONE4 Capital, the company said.

HNIs including Ashok Atluri and Sanjay Jesrani also took part in the round.

AUS will use the money for new product development and team expansion.

“This technology will become important in coming years and we are keen to encourage domestic product for Indian markets and acquire global business,” said B.V. Naidu, managing partner, StartupXseed.

Incubated at the SIDBI Innovation and Incubation Centre (SIIC) at IIT-Kanpur, AUS was founded in 2013 by Nikhil Upadhye and Suhas Banshiwala, IIT Kanpur alumni; Amity University alumnus Vipul Singh and IIT Bombay alumnus Yeshwanth Reddy.

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