Two startups secure $3M+ after pitch event spotlight

Jaipur-based OLE ROOMS raised over Rs 2.5 crore in angel funding after participating in a recent pitch event, while Aviotron Aerospace later closed a pre-Series A round at a reported Rs 70 crore valuation.

The raises stand out in a climate where most funding flows to a handful of well-known centers. OLE ROOMS, a budget hospitality chain, had previously raised only seed capital before gaining visibility at the event. Aviotron, which develops drone and aerospace components, had not disclosed any institutional backing prior to this round.

The pitch competition, an annual gathering for early-stage ventures, has become a key source of exposure for companies outside the usual hotspots. While a few cities dominate funding activity, these raises highlight how smaller markets can still draw attention.

Aviotron’s sector has seen growing interest beyond its most visible players, though capital remains unevenly distributed. OLE ROOMS’ funding, meanwhile, contrasts with broader trends in sectors like fintech and e-commerce, where growth has slowed due to tighter funding conditions.

Neither startup has shared investor details, leaving open whether the rounds reflect broader appetite for ventures in their region or were driven by connections from the event. Future activity will show whether these deals signal a shift or remain isolated successes.

Sources: msn.com