Led · Equity · Jan 2026

iWayPlus Private Limited is described as a technology-driven enterprise that has attracted strategic attention for its innovative offerings. While the article does not disclose specific products, sectors, or operating metrics, the company is positioned as a partner that can complement larger technology ecosystems. The recent minority investment signals market confidence in iWayPlus’s growth potential and innovation roadmap. The infusion of capital is expected to accelerate product development and expand collaborative opportunities with strategic partners. Maintaining operational independence, iWayPlus will continue pursuing its own technology initiatives while leveraging support from its new investor. No revenue, user metrics, or detailed financials were provided in the coverage.

Participated · Series A · Feb 2023

Cusmat offers a VR-based, metaverse skilling platform designed to train industrial workers and develop muscle memory for real-world activities. The platform has been deployed with industrial brands in India and some South Asian markets and is positioned as improving productivity and safety. The company reports that workers trained via its platform are 30% more productive, 25% more efficient, 70% safer, and show about 70% retention on average. Cusmat plans to use new funding to strengthen R&D and engineering, scale enterprise sales, expand internationally, and add newer industry-specific skills to its offering. Leadership cites initial traction and strong large-enterprise references as evidence of product-market fit and readiness for wide-scale adoption. The company emphasizes reducing training time from months to days and improving key business metrics for customers. Cusmat builds high-immersion AR/VR training systems and a cloud-based learning management system for enterprise upskilling. Its XR Industrial Learning platform enables organisations to onboard, assess, train, upskill and plan learning tracks to improve retention and on-the-job performance. The company cites use cases across manufacturing, healthcare, supply chain, education, mining, infrastructure, logistics and pharma. Cusmat says it has trained more than 30,000 workers pan-India. The startup plans to use new funding to scale its enterprise sales team, develop product training content, and add industry-driven features to the platform. Financially, the startup raised $100K in this pre-Series A and has raised $650K in total to date. Founders are Abhinav Ayan and Anirban Jyoti Chakravorty, and the team says it pursued a seed round over the last 10 months to find product-market fit. Cusmat Technologies is a Hyderabad-based company that builds AR, VR and AI-powered training and assessment systems for enterprises. Its core product is a cloud-linked, learning-management-system-integrated platform that enables enterprises to standardise training across locations and to track, compare and visualise skill-specific workforce competency levels. The startup currently offers five training products serving at least 15 industries, including logistics, electronics, manufacturing, mining, steel and pharmaceuticals. Cusmat has raised seed funding in a round led by Venture Catalysts and has reportedly already garnered traction. The company was founded by Abhinav Ayan, Anirban Jyoti Chakravorty and Soumyaranjan Harichandan. Venture Catalysts said Cusmat is well-positioned to take a lead in its market segment.