India Deal Monitor: Venture Catalysts backs Optimized Electrotech and more updates

Defence technology startup Optimized Electrotech announced raising $1.8 million in a pre-Series A round led by Venture Catalysts, a Mumbai-based early-stage startup investor.

Existing investor GVFL and other angel investors also participated in the funding round that will help finance the startup’s plan to design new-age surveillance systems and build more prototypes to be used in railways, smart cities, and border projects.

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