The Kerala Funding Digest - February 2025
Here are the latest Startup Investment updates from Kerala for February 2025.
Kerala marks a historic milestone by securing ₹1,53,000 Cr in IKGS
Kerala received investment proposals worth Rs 1.53-lakh crore during the two-day Invest Kerala Global Summit, which concluded in Kochi on 22nd February.
“A total of 374 companies have expressed interest in setting up, expanding, diversifying, and reinvesting in the state, submitting Expressions of Interest, amounting to a consolidated investment of Rs 1,52,905 crore,” said Minister P Rajeev.
Othor AI secures $30,000 pre-seed funding
Othor AI, the second startup from Kerala based entrepreneur Unni Koroth, has raised $30,000 in pre-seed funding. The investment round was led by friends and angel investors from the startup ecosystem, including the Kerala-based investors Narayan Babu and Thomas Mathew.
PE firm Multiples acquires QBurst
Multiples Alternate Asset Management, along with its co-investors, announced that it has signed definitive documents to acquire a controlling stake in Kerala based high-growth digital product engineering platform, QBurst. This transaction, with an investment of around USD 200 million, marks Multiples' largest control investment in technology services.
Kerala startups shine brighter on National and Global platforms
Four Kerala startups excelled on National and Global platforms. Two Kerala-based startups secured spots in the Forbes India 30 Under 30 list, while another was named among the Top 100 most promising clean energy and climate tech startups by the SET100 List 2025. Adding to the glory, Kochi-based AI startup Riafy's co-founder received the Google Cloud Partner All-Star Award.
Budget 2025: Key takeaways for the Startup Ecosystem
KSUM CEO Anoop Ambika remarked, “The budget proposals align well with the State’s transition into a knowledge-based economy, a remarkable journey in which the innovation ecosystem is expected to contribute immensely.”
This budget reflects Kerala’s strategic focus on strengthening its startup ecosystem, fostering innovation, and positioning the State as a hub for technology-driven enterprises.