This revolution is driven by the powerful and growing collaboration between two pillars of India’s economy: startups and Micro, Small, and Medium Enterprises (MSMEs) . And nowhere is this synergy more visible than in the Tier-2 cities that are rapidly emerging as the new engines of the nation’s growth. Recent SME summits across India—from the ET Make in India SME Regional Summit in Dehradun to the MSME Business Summit in Mumbai—have spotlighted this transformative partnership . The message is clear: when the agility and technological prowess of startups combine with the stability, reach, and manufacturing depth of MSMEs, the result is a mutually reinforcing growth cycle that benefits the entire economy.

Pranos Fusion, a Bengaluru-based deep-tech startup, has raised $6.8 million (approximately ₹63 crore) in a seed funding round co-led by pi Ventures and Ankur Capital . The round also saw participation from existing investor Industrial47 and a distinguished group of angel investors, including Lalit Keshre (Co-founder, Groww) , the founders of Razorpay, and Bhukhanwala Industries .