In a significant development for India's technology sector, Bengaluru-based CoreEL Technologies has successfully concluded a major funding round. The company has raised a substantial $30 million in its Series B financing, marking a pivotal moment in its growth trajectory.
Funding Round Details and Key Investors
The investment round saw a dominant participation from the ValueQuest Scale Fund, which contributed the majority of the capital. This influx was bolstered by continued support from 360 One Asset, an early institutional backer that has reaffirmed its confidence in CoreEL's vision and business model. The fresh capital infusion is expected to accelerate the company's strategic initiatives and market expansion.
Strategic Implications for CoreEL and the Tech Ecosystem
This successful fundraise underscores the robust investor appetite for innovative technology firms rooted in India. For CoreEL Technologies, headquartered in the nation's tech capital of Bengaluru, the $30 million war chest will be instrumental in scaling operations, enhancing research and development capabilities, and potentially exploring new market segments. The backing from established funds like ValueQuest and 360 One Asset serves as a strong validation of the company's potential and its role in the evolving tech landscape.
The announcement, made on 23 December 2025, highlights a positive trend of sustained venture capital interest in specialized Indian technology startups. Such investments are crucial for fostering innovation, creating high-skilled jobs, and strengthening India's position as a global hub for technology solutions. The funding round is poised to empower CoreEL Technologies to pursue more ambitious projects and solidify its market presence.
