Pontaq Ventures, a UK–India venture capital firm based in Chennai, has invested INR 5.5 crore in two Indian deep-tech startups, Dweepi and Edgehax.
The funding will help the startups develop their products, enhance their technology, and expand their solutions to more businesses in India and abroad.
This marks the second time Pontaq Ventures has invested in both Dweepi and Edgehax.
“India’s DeepTech startup ecosystem is witnessing remarkable growth, driven by innovations in Robotics, Advanced Materials, Semi-conductors and AI. Our strategic investment in Dweepi and Edgehax underscores our commitment to nurturing homegrown DeepTech ventures that address critical infrastructure and enterprise challenges and accelerate product innovation,” said Prem Barthasarathy, Founder and Managing Partner of Pontaq.
Pontaq, based in Chennai, has invested in over 190 startups, including more than 140 deep-tech companies in India and the UK. The firm focuses on sectors such as AI, IoT, edge computing, robotics, and enterprise automation.
In addition to funding, Pontaq provides its portfolio companies with market access and strategic support to help them grow and expand across borders.
Dweepi builds robotic systems to inspect railway tracks. Its platform uses automation and AI to scan tracks and help railway operators predict when maintenance is needed for important infrastructure.
Edgehax develops Edge AI computing platforms that combine processing power, connectivity, and storage in modular units. The company helps businesses run real-time automation, AI processing, and distributed intelligence at the edge.
Pontaq Ventures mainly operates between the UK and India, with some presence in the US and Canada. The fund invests in areas like clean tech, health tech, fintech, and deep tech.
Pontaq also supports its portfolio companies by helping them enter global markets and providing practical, hands-on guidance to grow their businesses.
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