NeoGrowth Raises ₹85 Crore; EyeROV Delivers Underwater Robotics to Navy

9 Oct 2026, 4:49 pm · 9h ago · 1 min read · YourStory

Amount

₹85 Cr

Lead

FMO

MSME digital lending platform NeoGrowth has secured ₹85 crore in fresh funding led by Dutch entrepreneurial development bank FMO, with participation from existing investor LeapFrog Investments. The capital will fuel NeoGrowth’s next growth phase, expanding small business credit access, enhancing digital lending infrastructure, and expanding its geographic footprint across India. In parallel news, Kochi-based marine robotics startup EyeROV delivered two indigenous TROUT military-grade underwater remotely operated vehicles to the Indian Navy under the iDEX defence program. The delivery marks substantial progress in India's domestic defence robotics capabilities following comprehensive field qualification and military testing.