India, Aug. 19 -- Deeptech startup Armatrix Automations is raising INR 18.43 Cr (about $2.1 Mn) in its seed round, which will be led by pi Ventures. The round will also see participation from Boost VC, Turbostart, Pharos Capital, gradCapital, among others.

As per the startup's MCA filings, it has already raised around INR 4 Cr from Boost VC and Turbostart.

Armatrix will raise the total amount by issuing 5 equity shares and 4,361 Series Seed 1 CCPS to around 13 investors at a price of INR 42,230 each. pi Ventures Fund II (via trustee Vistra ITCL) will be the biggest investor in the round, infusing INR 8.7 Cr, as per the filings.

Inuka Capital Fund I, Turbostart Accelerator III LLP, and Boost VC Deep Tech Fund 4, L.P. are infusing INR 2....