Mela Ventures
Level 14, Dondusa Complex, No.9/1, 909 SKAV, Residency Rd, Shanthala Nagar, Bengaluru, Karnataka, 560001, India
Overview
Mela Ventures is a SEBI-approved AIF Category-2 fund for the early stage companies. With a goal to build next-gen entrepreneurs, the fund will focus on building a portfolio in areas, such as AI/ML, AR/VR, IoT, Cloud Migration and Deep Technologies.
- Total investments
- 14
- Lead investments
- 12
- Investments · 12mo
- 3
- Active investors
- 3
Investment portfolio
- Solinas Integrity
Led · Series A · Aug 2026
Founded by Divanshu Kumar and Moinak Banerjee and incubated at IIT Madras, Solinas Integrity develops robotics and AI systems to inspect, clean and digitise underground water and wastewater infrastructure. The Chennai-based startup supplies robotic inspection and cleaning technologies alongside AI-powered asset management software for water and sanitation networks. It aims to expand geographically across additional Indian states and municipal corporations and to establish an international presence in the Middle East and Southeast Asia. The company plans to broaden into adjacent high-stakes sectors such as oil & gas and defence while expanding its industrial solutions portfolio. Solinas is accelerating development of next-generation robotics and strengthening its software platforms to support growth, and is targeting Rs 100 crore in revenue by FY28.
- Flo Mobility
Led · Series A · May 2026
Flo Mobility builds a vertically integrated robotics platform for construction that combines proprietary hardware, AI-powered perception and autonomy software, and fleet management. Its flagship product, the Flo Hauler, is a battery-powered autonomous mobile robot that can carry up to 1.5 tons and operate across unstructured, multi-floor construction sites. The company reports deployments of 60+ robots across 10 Indian states with customers including L&T, Godrej Properties, Embassy Group, Sobha and Capacite Infra. Reported customer outcomes include roughly 45% cost savings, 50% faster material movement, and a 67% reduction in accidents. Flo is developing additional downstream automation use cases such as tiling, wall finishing and screeding and plans to invest the new funding in engineering, product development, deeper India deployments and expansion into the Middle East.
- Optimized Electrotech
Participated · Equity · Apr 2026
Optimized Electrotech develops battle-tested electro-optic platforms that combine advanced sensors and AI for defence and related applications. The company has deployed ground-based systems in mission-critical defence environments and cites an ADITI win as strategic validation. It has secured initial orders for a satellite platform and is designing programmes with scale toward a constellation capable of delivering persistent, real-time imaging and surveillance. Optimized Electrotech describes its technology as AI-native imaging engineered for convergence across land and space domains. The company plans to use recent funding to accelerate satellite development and build constellation-scale infrastructure while expanding its presence in defence and homeland security markets. Coverage frames the firm as positioning itself as a sovereign sensing-stack provider that integrates hardware, software, and intelligence layers.
- GalaxEye
Participated · Series A · Nov 2024
GalaxEye develops satellite technology and provides geospatial intelligence capabilities. The company was the subject of an extended Series A financing in which it raised Rs 44.2 Crore (about $4.8 million). Public reporting about the company’s operations, customers, revenue, or user metrics was not provided in the article. The coverage likewise did not disclose specific product roadmaps or future plans beyond the funding announcement. Financially, the only disclosed detail is the recent capital raised in the extended Series A.
- Delta Oil
Led · Series A · Jul 2024
Indra develops a plug-and-play smart water-treatment system that leverages a patented electro-chemical oxidation and coagulation process to remove a wide range of pollutants, including heavy metals, suspended solids, phosphorus, fats, oil, grease, pathogens, and dissolved organics. Its solution uses ionic reactions to treat wastewater, claims to recover up to 99% of treated water, and occupies roughly 90% less space than existing systems. The technology reportedly generates up to 70% less sludge, requires 90% less human intervention, and can save about 35% in life-cycle costs. Indra has treated over a billion liters of water and its assets have potentially delivered up to 75% net carbon savings. The product is positioned for industrial and sewage segment customers as a compact, lower-maintenance alternative to conventional treatment plants. Management has signaled that the investment partnership bolsters the company’s conviction to pursue and deliver on sustainable water-management solutions.