About Dreamfly Innovations
Dreamfly Innovations is a company based in Bengaluru (India) founded in 2021 by Kajal Shah and Saurabh Markandeya.. Dreamfly Innovations has raised $7.02 million across 6 funding rounds from investors including Shubhalakshmi Polyesters, South Handlooms and Avaana Capital. The company has 1 employees as of April 09, 2024. Dreamfly Innovations offers products and services including Lithium and Graphene Batteries, Customised BMS, and Battery Heating Systems. Dreamfly Innovations operates in a competitive market with competitors including Packet Digital, XLR8 Aerospace, CMIUTA Electric Company, Dominpow and DroneNX, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 09 Apr, 2024
- Founders Kajal Shah, Saurabh Markandeya
- Stage Minicorn
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Sectors
Energy & UtilitiesAerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Dreamfly Innovations Private Limited
- Date of Incorporation 20 Jan, 2023
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$25.83 K (USD)0as on Mar 31, 2024
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Net Profit
$-112.69 K (USD)0as on Mar 31, 2024
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EBITDA
$-80.12 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$7.02 M (USD)
in 6 rounds
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Latest Funding Round
$1.4 M (USD), Seed
Dec 20, 2024
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Investors
Shubhalakshmi Polyesters
& 25 more
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Employee Count
1
as on Apr 09, 2024
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Products & Services of Dreamfly Innovations
Dreamfly Innovations offers a comprehensive portfolio of products and services, including Lithium and Graphene Batteries, Customised BMS, and Battery Heating Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance batteries for extended drone flight times and safety.
System to optimize battery performance and prevent overheating in drones.
Devices for maintaining battery temperature in extreme conditions.
Funding Insights of Dreamfly Innovations
Dreamfly Innovations has successfully raised a total of $7.02M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $1.4 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Seed — $1.4M
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First Round
First Round
(24 May 2023)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - Dreamfly Innovations | Valuation | Avaana Capital Advisors | |
| Jul, 2024 | Amount | Angel Round - Dreamfly Innovations | Valuation | Santosh Venkatesh | |
| May, 2024 | Amount | Seed - Dreamfly Innovations | Valuation | Seedcent Holdings |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Dreamfly Innovations
Dreamfly Innovations has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Shubhalakshmi Polyesters, South Handlooms and Avaana Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Avaana Capital is engaged in venture capital investments for deep tech startups.
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Founded Year | Domain | Location | |
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Early-stage investments are made across sectors by Sunicon in India.
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Founded Year | Domain | Location | |
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Venture debt funding is extended to firms in various sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Dreamfly Innovations
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Dreamfly Innovations
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dreamfly Innovations Comparisons
Competitors of Dreamfly Innovations
Dreamfly Innovations operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Packet Digital, XLR8 Aerospace, CMIUTA Electric Company, Dominpow and DroneNX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Batteries for unmanned aerial vehicles are developed and patented.
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| domain | founded_year | HQ Location |
Develops aerospace software solutions including Power Pilot and Power Connect.
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| domain | founded_year | HQ Location |
Manufactures high-quality lithium battery packs for various applications.
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| domain | founded_year | HQ Location |
Produces and supplies drone batteries for various applications worldwide.
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| domain | founded_year | HQ Location |
Manufactures high-quality batteries for unmanned aerial vehicles (UAVs).
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dreamfly Innovations
Frequently Asked Questions about Dreamfly Innovations
When was Dreamfly Innovations founded?
Dreamfly Innovations was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Dreamfly Innovations located?
Dreamfly Innovations is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Dreamfly Innovations?
Kajal Shah is the current CEO of Dreamfly Innovations. They have also founded this company.
Is Dreamfly Innovations a funded company?
Dreamfly Innovations is a funded company, having raised a total of $7.02M across 6 funding rounds to date. The company's 1st funding round was a Seed of $59.91K, raised on May 24, 2023.
How many employees does Dreamfly Innovations have?
As of Apr 09, 2024, the latest employee count at Dreamfly Innovations is 1.
What is the annual revenue of Dreamfly Innovations?
Annual revenue of Dreamfly Innovations is $25.83K as on Mar 31, 2024.
What does Dreamfly Innovations do?
Dreamfly Innovations was founded in 2021 in Bengaluru, India, focusing on the aerospace sector. Lithium and graphene batteries are designed and manufactured using thermal-battery technology. A range of products is offered, including customized batteries, battery management systems, and heating solutions tailored to various forms, sizes, and power levels. These are applied in drones, electric planes, and other aerospace uses. Operations center on innovation for high-density power needs.
Who are the top competitors of Dreamfly Innovations?
Dreamfly Innovations's top competitors include Packet Digital, XLR8 Aerospace and CMIUTA Electric Company.
What products or services does Dreamfly Innovations offer?
Dreamfly Innovations offers Lithium and Graphene Batteries, Customised BMS, and Battery Heating Systems.
Who are Dreamfly Innovations's investors?
Dreamfly Innovations has 26 investors. Key investors include Shubhalakshmi Polyesters, South Handlooms, Avaana Capital, Sunicon, and Pai Family Living Trust.
What is Dreamfly Innovations's valuation?
The valuation of Dreamfly Innovations is $6.49M as of Dec 2024.