Daily Indian Funding Roundup & Key News – 13th November 2025: Parallel Web Systems Raises $100 Mn, Brandworks Secures $11 Mn, Mahindra-Manulife JV Announced & More

Sanvi Barjatya

13 Nov 2025 — 3 min read

Daily Indian Funding Roundup & Key News – 13th November 2025

India’s startup ecosystem witnessed strong investor momentum on 13th November 2025, with significant funding rounds across AI, space-tech, electronics manufacturing, and EV infrastructure sectors. The day’s highlights include Parallel Web Systems’ $100 million Series A round led by Kleiner Perkins and Index Ventures, Brandworks Technologies’ $11 million Series A funding, and several promising early-stage investments in experience-tech, rocket propulsion, and event management. Meanwhile, a major joint venture between Mahindra & Mahindra and Manulife marked a key development in India’s financial services landscape.

Daily Indian Funding Roundup - 13th November 2025

Company	Amount	Round	Lead investor(s)	Sector
Alive	INR 6 Cr	Seed	Powerhouse Ventures	Experience-tech / Lifestyle
Trishul Space	INR 4 Cr	Pre-seed	IAN Angel Fund	Space-tech / Rocket propulsion
Event Planet Technologies	USD 250 K	Angel	Virendra Prasad	Event & wedding services platform
Parallel Web Systems	USD 100 Mn	Series A	Kleiner Perkins; Index Ventures	AI / Web search infrastructure
ACS Energy	INR 11 Cr	Pre-seed	Inflection Point Ventures (IPV)	EV charging infrastructure
Brandworks Technologies	USD 11 Mn	Series A	Cactus Partners; Roha Family Office	Electronics manufacturing / R&D

Alive powers India’s experience economy

Experience-tech startup Alive has raised INR 6 crore in seed funding to expand its curated experiences platform. Focused on travel, lifestyle, and live entertainment, Alive aims to make memorable experiences easily accessible through technology-driven discovery and booking tools. The startup has seen rapid traction over the past year, achieving exponential growth in both user base and revenue, and now plans to strengthen its partner network across major Indian cities.

Trishul Space ignites India’s private space ambitions

Prayagraj-based Trishul Space secured INR 4 crore in a pre-seed round led by IAN Angel Fund. The startup is developing next-generation liquid rocket engines and propulsion systems designed for small satellite launch vehicles. The funds will be used for R&D, prototype development, and testing facilities. By focusing on reusable and cost-efficient propulsion technology, Trishul Space aims to contribute to India’s growing private space sector.

Event Planet Technologies expands globally

Event Planet Technologies, a tech-driven event management platform, has raised USD 250 K in an angel round. The company simplifies large-scale event and wedding planning by connecting vendors, venues, and service providers through a single platform. With this funding, the startup plans to enhance its AI-based matching system, expand operations in Southeast Asia, and strengthen its backend technology for international scalability.

Parallel Web Systems reimagines AI-first search

Founded by former Twitter CEO Parag Agrawal, Parallel Web Systems has raised USD 100 million in Series A funding from Kleiner Perkins and Index Ventures. The company is building AI infrastructure that allows intelligent agents and applications to access real-time web data securely. The funding will fuel product development, talent hiring, and global expansion as the company positions itself at the forefront of AI-powered web intelligence.

ACS Energy charges India’s EV revolution

ACS Energy raised INR 11 crore in a pre-seed round led by Inflection Point Ventures to accelerate the deployment of its smart EV charging infrastructure. The startup specializes in UPI-enabled public charging stations integrated with AI-based energy management systems. It aims to install over 5,000 charging points across India in the next 18 months, focusing on high-density urban areas and commercial properties.

Brandworks Technologies boosts electronics innovation

Mumbai-based Brandworks Technologies has secured USD 11 million in a Series A round led by Cactus Partners and the Roha Family Office. The company designs and manufactures high-performance electronic products, IoT devices, and consumer tech components. The capital will be used to expand R&D facilities in India and Taiwan, enhance manufacturing capabilities, and develop next-generation hardware solutions for AI-driven devices.

Key Business News for 13th November 2025

Major JV: Mahindra & Manulife Form Life-Insurance Partnership

Mahindra & Mahindra Ltd. (M&M) and Manulife Financial Corporation have entered into a 50:50 joint-venture agreement to enter the life-insurance business in India, subject to regulatory approval.