Perfume maker Fifth Sense and electric vertical take-off and landing (eVTOL) platform Sarla Aviation have secured funding in separate early-stage rounds, the companies said Friday.
Fragrance brand Fifth Sense has secured Rs 6.3 crore ($0.6 million) in a pre-seed funding round led by OTP Ventures.
The round also saw participation from Sadev Ventures, ISV Capital, and angel investors, including (Swiggy CEO) Rohit Kapoor and (StayVista co-founder) Amit Damani.
The startup, founded by Bharat Gupta and Prateek Gupta, said the proceeds will support the expansion of its product portfolio, content-driven brand-building, and the strengthening of its supply chain and distribution capabilities.
Sarla Aviation has secured Rs 10 crore in a strategic equity investment from IndiGo Ventures.
The investment is part of Sarla Aviation's last funding round in January, which was led by Accel and Nikhil Kamath.
Sarla Aviation operates a hybrid-electric eVTOL platform and has tied up with IndiGo, which will provide the operational backbone and distribution network.
