When was Hyprix founded?

Hyprix was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is Hyprix located?

Hyprix is headquartered in Bengaluru, India. It is registered at I-402, SATEJ APPARTMENT, NR. SURDHARA CIRCLE, Thaltej Road, Ahmedabad, Ahmadabad City, Gujarat, India, 380054.

Who is the current CEO of Hyprix?

Devmalya Biswas of Hyprix. They have also founded 1 company.

Which legal entities is Hyprix associated with?

Hyprix is associated with HYPRIX AVIATION PRIVATE LIMITED.

How many employees does Hyprix have?

As of May 31, 2026, the latest employee count at Hyprix is 16.

Is Hyprix a funded company?

Hyprix is a funded company, having raised a total of $1.58M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 21, 2025.

How much is Hyprix worth?

The latest valuation of Hyprix is ₹***** as of May 11, 2026.

When was the latest funding round of Hyprix?

Hyprix's latest funding was a $***** Seed round on Mar 23, 2026, with participation from 9 investors. Its primary sector is Aerospace Tech. In India, the Aerospace Tech sector has seen $53.6M in funding in 2026 to date.

Where does Hyprix rank among its competitors?

Hyprix ranks 10th amongst 21 active competitors, of which 8 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Hyprix, which secured $1.2M in Mar, 2026.

Who are the top competitors of Hyprix?

Hyprix's top competitors include Astro Mechanica, VerdeGo Aero and MTU Aero Engines. Among them, Hyprix secured the most recent funding round in March, 2026.

Hyprix - 2026 Company Profile, Team, Funding & Competitors

Hyprix is a seed company based in Bengaluru (India), founded in 2024 by Divyanshu Mandowara and Devmalya Biswas. It operates as a Manufacturer of ramjet engines for aerospace and defense propulsion systems. Hyprix has raised $1.58M in funding from Sunita Tools, with a current valuation of ₹*****. The company has 21 active competitors, including 8 funded and 1 that has exited. Its top competitors include companies like Astro Mechanica, VerdeGo Aero and MTU Aero Engines.

Company Details

Manufacturer of ramjet engines for aerospace and defense propulsion systems. These propulsion units utilize advanced aerodynamics to facilitate high-speed flight. The engineering focus involves the development of hardware designed for integration into aerial platforms. These systems support performance requirements for aviation and defense applications.

Website: hyprix.in
Social
Email ID: *****@hyprix.in
Registered Address: I-402, SATEJ APPARTMENT, NR. SURDHARA CIRCLE, Thaltej Road, Ahmedabad, Ahmadabad City, Gujarat, India, 380054

Key Metrics

Founded Year

2024

Location

Bengaluru, India

Stage

Seed

Total Funding

$1.58M in 2 rounds

Latest Funding Round

Seed, Mar 23, 2026, $*****

Post Money Valuation

₹***** as on May 11, 2026

Investors

Sunita Tools & 15 more

Ranked

10^th among 21 active competitors

Employee Count

16 as on May 31, 2026

Similar Companies

Astro Mechanica & 4 more

View Hyprix's full profile

Hyprix is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
HYPRIX AVIATION PRIVATE LIMITED CIN: U30305GJ2024PTC152764 , India, Active	Jun 23, 2024	0 - ₹10 Cr (As on Mar 31, 2025)	-

Hyprix has raised a total funding of $1.58M over 2 rounds. Its first funding round was on Jun 21, 2025. Its latest funding round was a Seed round on Mar 23, 2026 for $*****. 9 investors participated in its latest round. Hyprix has 11 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Hyprix:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 23, 2026	8021916	Seed	4620390	6262578	1484374	7179126
Jun 21, 2025	2655717	Seed	3491242	7055064	2586566	Manish Prataprai Gandhi & 4 more

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View details of Hyprix's funding rounds and investors

The founders of Hyprix are Divyanshu Mandowara and Devmalya Biswas. Devmalya Biswas is the CEO of Hyprix.

Here are the details of Hyprix's key team members:

Divyanshu Mandowara: Co-Founder & COO of Hyprix.
Devmalya Biswas: Co-Founder & CEO of Hyprix.

Hyprix's Board of Directors

Hyprix's board has 2 active members. Devmalya Biswas and Divyanshu Mandowara are part of team.

Here is the list of Hyprix's board of directors:

Name	Type	Representing	Status	Duration
Devmalya Biswas	Team	-	Current	2y 2m
Divyanshu Mandowara	Team	-	Current	1y 9m

View details of Hyprix's Founder profiles and Board Members

Hyprix's employee count trend

Hyprix has 16 employees as of May 26. Here is Hyprix's employee count trend over the years:

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Top competitors of Hyprix include Astro Mechanica, VerdeGo Aero and MTU Aero Engines. Here is the list of Top 10 competitors of Hyprix, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Astro Mechanica 2021, San Francisco (United States), Series A	Developer of supersonic propulsion systems	$27.6M	Alumni Ventures, Y Combinator & 9 others	56/100
2nd	VerdeGo Aero 2017, Daytona Beach (United States), Series B	Provider of power and propulsion technologies to develop electric aircraft	$14.6M	RTX, Hatter Angel Network & 5 others	54/100
3rd	MTU Aero Engines 1934, Germany, Public	Manufacturer of propulsion systems for commercial and military aircraft	-	Vulcan Capital, Europa	53/100
4th	Hypersonix 2018, Sydney (Australia), Funding Raised	Hypersonic aircraft manufacturer	-	Government of Australia	48/100
5th	Specter Aerospace 2013, Cambridge (United States), Series A	Hypersonic aircraft	$9.5M	Evergreen Climate Innovations, Stellar Ventures ... & 4 others	45/100
6th	Reaction Engines 1989, Abingdon (United Kingdom), Deadpooled	Develops the technologies needed for an advanced combined cycle air-breathing rocket engine class	$117M	Baillie Gifford, Boeing & 17 others	43/100
7th	Beehive Industries Centennial (United States), Unfunded	Manufacturer of additively enabled jet propulsion systems and metal printing services	-	-	40/100
8th	D-Propulse 2025, Delhi (India), Seed	Provider of advanced propulsion technology solutions	$2.73M	Indian Angel Network, IIT Madras Research Park	38/100
9th	Green Aero Propulsion 2023, Delhi (India), Seed	Developer of fuel agnostic gas turbine engines for civilian and defence	$2.08M	pi Ventures, Rebalance & 35 others	37/100
10th	Hyprix 2024, Bengaluru (India), Seed	Manufacturer of ramjet engines for aerospace and defense propulsion systems	$1.58M	SV Angel, NOMO Ventures & 14 others	36/100

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Founders (largest shareholder) own 68.86%, Funds own 15.72%, Enterprises own 0.22% and Angels own 5.80%. The net worth of Hyprix's founders is INR 55.5Cr as of May 11, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	68.86%	55.5Cr	4890492	6566314	4305933	8579844
Devmalya Biswas	3721763	3498201	6401182	4708985	9429629	8789929
Divyanshu Mandowara	8340456	7398967	4813427	4750568	3242565	2795238
Fund	15.72%	12.7Cr	3886982	2471673	1656256	5934900
Fundomo	134069	607679	605753	876931	217725	918911
Version One Ventures	6	7	8	2	1	8
Enterprise	0.22%	17.9L	0	0	0	0
Angel	5.80%	4.67Cr	33250	71772	13244	27237
Manish Prataprai Gandhi	10289	15818	22418	85637	69321	19017
Raymond Russell	0	0	0	0	0	0
Other People	1.43%	1.16Cr	2	1	6	7
ESOP Pool	7.97%	6.43Cr	5852966	5985407	3777999	7941934
Total	100.00%	80.6Cr	2756375	2743616	7095294	9538610