New Delhi, Jan. 27 -- A startup that simplifies contract management and another that does the same for finance-related workflows, and a third that helps with pain management have raised early-stage funds between $3 million and $8 million in separate rounds. Meanwhile, Aimtron Electronics is set to acquire a US-based firm.

SpotDraft

Contract lifecycle management firm SpotDraft, which is backed by marquee investors such as Wipro founder-chairman Azim Premji's PremjiInvest and global investment firm Prosus Ventures, has raised $8 million (around Rs 73 crore) from Qualcomm Ventures in a strategic Series B extension round.

It had collected $56 million in Series B round in February 2025 led by Singapore-based Vertex Ventures' growth fund and American firm Trident Partners. Existing investors Xeed VC, Arkam Ventures, Prosus Ventures, and PremjiInvest also participated in the round. This was nearly two years after SpotDraft raised $26 million in March 2023 in a Series A round led by PremjiInvest.

SpotDraft, founded in 2017, offers an AI-driven contract lifecycle management platform for in-house legal teams. The tool helps in redlining, e-signatures, intelligent contract repository, third-party papers, and clickwrap agreements.

The company plans to use the funds to expand its product and AI capabilities and expand its enterprise presence across the Americas, EMEA, and India.

Nivaan Care

Nivaan Care, a single specialty interventional pain management chain, has secured $7 million (around Rs 64 crore) in Series A round led by Sorin Investments, a tech-focused investment firm co-founded by private equity veteran Sanjay Nayar and Angad Banga of Hong Kong-based Caravel group.

Existing investors W Health Ventures, Endiya Partners and Rebright Partners also participated in the round.

It will use the capital to expand its clinic network across multiple Indian cities, strengthen its clinical and operating infrastructure, and to continue innovating on new-age minimally invasive pain management procedures.

The New Delhi-based company was founded in 2023 by Nivesh Khandelwal and Vishwas Singh. It offers pain management services through a combination of physiotherapy, nutrition and psychology care plans. Nivaan Care pocketed $4.25 million (Rs 36.9 crore) in seed funding led by Endiya Partners, with participation from existing investor W Health Ventures in February last year.

Mysa

Mysa, a fintech startup that offers solutions to mid-sized enterprises and is based in Bengaluru, has raised $3.4 million (around Rs 31 crore) in a pre-series A round of funding, co-led by Blume Ventures and Piper Serica.

New investors Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures and Neon Fund also participated in the round.

The round takes Mysa's total funding raised so far to $6.2 million. It raised $2.8 million in seed funding last year.

Mysa was founded by Arpita Kapoor and Mohit Rangaraju, who previously built Mech Mocha, a social gaming startup acquired by Flipkart. It plans to use the capital to deploy the fresh capital to deepen its AI capabilities and its banking product offerings.

Entellus Industries Entellus Industries, a rare earth metals and alloy manufacturing company, has raised Rs 50 crore ($5.5 million) in its second round of funding.

The round was led by ZeroW, a boutique investment firm founded by the Mekapati Family Office, promoters of the KMC Group, one of the largest infrastructure conglomerates in India.

Founded in 2022, Entellus is focused on producing critical blended rare earth oxide Neodymium-Praseodymium (NdPr) metal, bonded powders, and strip-cast alloy, which are critical inputs in electric vehicles, wind turbines, defense, and advanced electronics. It had previously secured $12 million from Social Capital, a Silicon Valley-based venture capital firm.

The latest round of funding will be used to expand into sintered alloys and take its existing products to market, it said. ValPro acted as transaction adviser for the deal.

Aimtron-ICS Aimtron Electronics Ltd, an electronics system design and manufacturing (ESDM) company, is acquiring Decatur, Illinois-based International Control Services (ICS) Inc through a mix of debt and equity financing.

Its wholly-owned subsidiary, Aimtron International Controls LLC, will pay $4.30 million through debt, while the remaining consideration will be funded via a preferential issue of warrants.

The deal will help Aimtron, which also has operations in the US, strengthen its capabilities by adding experienced engineering teams, proprietary intellectual property, and long-standing customer relationships, enhancing its end-to-end offerings across product design, manufacturing, and lifecycle support.

ICS, also an ESDM company, works with global original equipment manufacturers in mission-critical and high-reliability segments. The deal will add a $17 million current revenue base, with a target to scale to $25 million within three years.

Published by HT Digital Content Services with permission from VC Circle.