When was Dreamfly Innovations founded?

Dreamfly Innovations was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is Dreamfly Innovations located?

Dreamfly Innovations is headquartered in Bengaluru, India. It is registered at 91SPRINGBOARD BUSINESS HUB P.LTD, GOPALA, KRISHNA COMPLEX, NO45/3, RESIDENCY, Rd, MG Rd, BANGALORE - 560025, KARNATAKA, INDIA, Richmond Town, Bangalore, Bangalore North, Karnataka, India, 560025.

Who is the current CEO of Dreamfly Innovations?

Kajal Shah of Dreamfly Innovations. They have also founded 1 company.

Which legal entities is Dreamfly Innovations associated with?

Dreamfly Innovations is associated with DREAMFLY INNOVATIONS PRIVATE LIMITED.

How many employees does Dreamfly Innovations have?

As of May 31, 2026, the latest employee count at Dreamfly Innovations is 36.

Is Dreamfly Innovations a funded company?

Dreamfly Innovations is a funded company, having raised a total of $7.02M across 7 funding rounds to date. The company's 1st funding round was a ₹***** Seed round, raised on May 24, 2023.

How much is Dreamfly Innovations worth?

The latest valuation of Dreamfly Innovations is $***** as of Feb 03, 2025.

When was the latest funding round of Dreamfly Innovations?

Dreamfly Innovations' latest funding was a $***** Venture Debt round on Feb 02, 2026, with participation from 1 investor. Its primary sector is Energy Storage Tech. In India, the Energy Storage Tech sector has seen $279M in funding in 2026 to date.

What is the annual revenue of Dreamfly Innovations?

Annual revenue of Dreamfly Innovations is less than ₹10 Cr as on Mar 31, 2025

Where does Dreamfly Innovations rank among its competitors?

Dreamfly Innovations ranks 2nd amongst 26 active competitors, of which 3 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Dreamfly Innovations, which secured $327K in Feb, 2026.

Who are the top competitors of Dreamfly Innovations?

Dreamfly Innovations' top competitors include Neuron Energy, Packet Digital and Magnipower Technology. Among them, Dreamfly Innovations secured the most recent funding round in February, 2026.

Dreamfly Innovations - 2026 Company Profile, Team, Funding, Competitors & Financials

Dreamfly Innovations is a seed company based in Bengaluru (India), founded in 2022 by Saurabh Markandeya and Kajal Shah. It operates as a Manufacturer of high-performance lithium-ion and graphene batteries for drones and electric aviation. Dreamfly Innovations has raised $7.02M in funding from investors like Shubhalakshmi Polyesters, Rebalance and Avaana Capital Advisors, with a current valuation of $*****. The company has 26 active competitors, including 3 funded and 2 that have exited. Its top competitors include companies like Neuron Energy, Packet Digital and Magnipower Technology.

Company Details

Manufacturer of high-performance lithium-ion and graphene batteries for drones and electric aviation. Its products include high-power-density batteries, battery management systems, and battery heating solutions designed to improve flight endurance, charging speed, safety, and reliability, with applications across agricultural, surveying, surveillance, and defense drones.

Website: www.dfi-india.com/
Email ID: *****@dfi-india.com
Phone Number: +91 **********
Registered Address: 91SPRINGBOARD BUSINESS HUB P.LTD, GOPALA, KRISHNA COMPLEX, NO45/3, RESIDENCY, Rd, MG Rd, BANGALORE - 560025, KARNATAKA, INDIA, Richmond Town, Bangalore, Bangalore North, Karnataka, India, 560025

Key Metrics

Founded Year

2022

Location

Bengaluru, India

Stage

Seed

Total Funding

$7.02M in 7 rounds

Latest Funding Round

Venture Debt, Feb 02, 2026, $*****

Post Money Valuation

$***** as on Feb 03, 2025

Investors

Shubhalakshmi Polyesters & 26 more

Ranked

2^nd among 26 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

36 as on May 31, 2026

Similar Companies

Neuron Energy & 10 more

View Dreamfly Innovations' full profile

Dreamfly Innovations is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DREAMFLY INNOVATIONS PRIVATE LIMITED CIN: U31905KA2023PTC170602 , India, Active	Jan 20, 2023	0 - ₹10 Cr (As on Mar 31, 2025)	-

Dreamfly Innovations has raised a total funding of $7.02M over 7 rounds. Its first funding round was on May 24, 2023. Its latest funding round was a Venture Debt round on Feb 02, 2026 for $*****. 1 investor participated in its latest round. Dreamfly Innovations has 11 institutional investors and 16 angel investors.

Here is the list of recent funding rounds of Dreamfly Innovations:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 02, 2026	9151828	Venture Debt	2067809	2561896	4503735	8663030
Dec 20, 2024	1865813	Seed	3701659	4650834	2413379	Sun Icon Ventures & 7 more
Jul 11, 2024	5880843	Angel	6159897	8605838	Santosh Venkatesh	Verus Gonsalves & 2 more

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View details of Dreamfly Innovations's funding rounds and investors

The founders of Dreamfly Innovations are Saurabh Markandeya and Kajal Shah. Kajal Shah is the CEO of Dreamfly Innovations.

Here are the details of Dreamfly Innovations' key team members:

Saurabh Markandeya: Co-Founder & CTO of Dreamfly Innovations and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address
Kajal Shah: Co-Founder & CEO of Dreamfly Innovations.
Contact Info: 1 email address and 1 phone number

View details of Dreamfly Innovations's Founder profiles and Board Members

Dreamfly Innovations' employee count trend

Dreamfly Innovations has 36 employees as of May 26. Here is Dreamfly Innovations's employee count trend over the years:

Employee count trend for Dreamfly Innovations

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Top competitors of Dreamfly Innovations include Neuron Energy, Packet Digital and Magnipower Technology. Here is the list of Top 10 competitors of Dreamfly Innovations, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Neuron Energy 2018, Mumbai (India), Series A	Manufacturer of lithium-ion batteries for electric vehicles and energy storage	$9.61M	Equanimity Investments, Chona Family Office ... & 53 others	69/100
2nd	Dreamfly Innovations 2022, Bengaluru (India), Seed	Manufacturer of high-performance lithium-ion and graphene batteries for drones and electric aviation	$7.02M	SIDBI, Unified Programming Interfaces & 25 others	61/100
3rd	Packet Digital 2003, Fargo (United States), Series B	Developer of batteries for UAVs	$11.7M	DOE, Dakota Venture Group & 2 others	55/100
4th	Magnipower Technology 2021, Chennai (India), Unfunded	Online platform offering energy storage solutions	-	-	42/100
5th	Global Graphene Group 2007, Dayton (United States), Public	Manufacturer of graphene-based materials and battery components	$10M	Western & Southern Financial Group, Birch Venture Capital ... Read more	38/100
6th	Upgrade Energy 2019, Saint Louis (United States), Acquired	Provider of lithium ion batteries	-	Arch Grants	36/100
7th	EIONIC 2022, Bengaluru (India), Unfunded	Manufacturer of batteries and disposal kits for the professional drone industry	-	-	34/100
8th	Vouwl 2025, Bengaluru (India), Unfunded	Manufacturer of smart battery packs for agriculture and logistics drones	-	-	26/100
9th	Revogreen Batteries 2024, Pune (India), Unfunded	Manufacturer of lithium-ion batteries for unmanned aerial vehicles and accessories	-	-	26/100
10th	Joyphene 2026, Thrissur (India), Unfunded	Developer of graphene coatings, zinc batteries, and graphene-based dry lubricants	-	-	25/100

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Founders (largest shareholder) own 61.27%, Funds own 23.84%, Enterprises own 2.08% and Angels own 3.88%. The net worth of Dreamfly Innovations's founders is INR 34.4Cr as of Feb 03, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	61.27%	34.4Cr	1379825	3094451	2882845	3018752
Saurabh Markandeya	2565506	6954904	2379867	9164653	8253962	6474078
Kajal Shah	3428762	3260172	8201483	7395514	4337589	6001489
Fund	23.84%	13.4Cr	3561757	4509010	9598508	7074444
Avaana Capital Advisors	6132066	1315020	7601564	4742065	2822614	7560695
Sun Icon Ventures	4263	5328	7739	2893	4922	9129
Enterprise	2.08%	1.17Cr	50	98	67	25
Angel	3.88%	2.18Cr	622	573	360	914
Santosh Venkatesh	0	0	0	0	0	0
Verus Gonsalves	0	0	0	0	0	0
Other People	0.93%	52.1L	0	0	0	0
ESOP Pool	8.00%	4.49Cr	2284283	7064439	1156579	1610338
Total	100.00%	56.2Cr	5683795	1765841	1298652	5740570