Indian deeptech startup Heliware raises Rs 4.5 crore to support international market expansion

Heliware, a deeptech startup delivering advanced geospatial intelligence and 3D analytics has raised Rs 4.5 crore in a bridge funding round led by Inflection Point Ventures, a Gurugram-based angel investment platform.

The startup will use the funds to support international market expansion through strategic partnerships, talent acquisition, and operational setup across key global geographies, while strengthening working capital for ongoing and future projects.

Founded in  2018, Heliware claims to have developed a comprehensive, high-resolution 3D terrain model of the entire country, integrated with advanced analytics such as flood simulation, line-of-sight analysis, and predictive spatial modeling. The startup enables analysis and application development five times faster and at half the cost. It offers a unified geospatial intelligence solution for industries reliant on location data.

Mitesh Shah, co-founder, Inflection Point Ventures, said, "Geospatial intelligence is becoming a foundational layer for modern infrastructure, defense preparedness, and enterprise decision-making. Heliware's ability to democratize extremely complex GIS capabilities with a plug-and-play, scalable platform that produces tangible results is what makes it unique. We think Heliware is well-positioned to become a globally significant Indian geospatial intelligence firm since the company has established a solid technological moat with distinct use cases across several industries.”

"Our experience with IPV has been deeply collaborative and value-driven, helping us sharpen our strategic direction while preparing Heliware for its next phase of growth," said Rajan Srivastav, founder and CEO, Heliware.

Heliware claims to have a pan-India operational presence, catering to government and corporate clients across the country, and also caters to enterprise clients in Southeast Asia. The startup currently works with more than 100 clients across five countries, providing scalable, cloud-based geospatial intelligence solutions across several industries.

The global geospatial and GIS market is valued at ~$100 billion and is projected to exceed $250 billion by 2032. In India, the market is expected to grow into a Rs 1 lakh crore ($12 billion) industry by 2030, driven by adoption across infrastructure, defense, and enterprise use cases.