FundingAI & Deep Tech
Ripik.ai in talks for ₹150 Cr from Gaja Capital
By Abha Lohia · Editor ·
GrowthNoida
- Ripik.ai builds camera, sensor and AI systems that watch equipment, materials and production in factories such as cement and steel plants
- The Noida startup is discussing a fresh ₹140-150 crore investment from private equity firm Gaja Capital, say people close to the matter
- Accel and Venture Highway, now merged into General Catalyst, are already among its backers
What happened
- Ripik.ai is in talks to raise ₹140-150 crore.
- Gaja Capital would be the investor.
- The talks are not yet a signed deal.
Why it matters
- Heavy industry is adopting AI monitoring.
- Existing backers include Accel and Venture Highway.
The business
- Ripik.ai sells hardware and software for factories.
- It uses cameras, sensors and its own AI models.
- Customers include cement and steel plants.
Who put in money
- Gaja Capital Prospective — Private equity firm
- Accel Existing investor
- Venture Highway Existing investor — Now merged with General Catalyst
What happens next
- Deal terms yet to be confirmed
The numbers around it
AI & Deep Tech in November 2026: 5 rounds with a disclosed amount, $129 million in all; the biggest was Agrani Labs ($100M). Every sector this year →
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at little extra cost. India also has a legal definition for scheme benefits: under ten years old, turnover under ₹200 crore, and working on innovation or a scalable model.
- Private equity: Venture capital backs young companies that could grow very fast, taking small stakes and accepting that many will fail, while private equity backs mature companies, often with large or controlling stakes and steadier returns. In India both usually invest through SEBI-registered AIFs, with venture capital funds in Category I and most private equity in Category II.
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