Venture Capital
Bengaluru-based deep-tech manufacturing startup Ethereal Machines Pvt. Ltd has raised $1 million (Rs 7 crore) in its pre-Series A funding round led by early-stage venture capital firm Blume Ventures, the startup said in a statement. The funding round also saw participation from Jitendra Gupta, founder of PayU, Samay Kohli and Akash Gupta of Grey Orange Robotics and Debashish Vanikar of Pidilite Industries. Ethereal Machines said it will use the capital to expand its sales and distribution network both in India and abroad.

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