IoT-powered DeepTechGenie Secures Funding from Enlighten Capital

DeepTechGenie, a startup in AI and IoT-powered Smart Store retail technology, has raised an undisclosed amount in funding from Enlighten Capital, a forward-thinking investment firm.

The startup plans to use the funds to scale its Smart Store model across both urban and semi-urban markets in India,  boost research and development efforts and expand its footprint through strategic partnerships.

The company plans to set up a nationwide network of smart, fully automated retail stores that work without traditional checkout counters or large staff. 

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It’s also investing more in R&D to offer personalized, data-driven shopping experiences, and is looking to expand into sectors like healthcare, logistics, and hospitality.

Bikash Kumar Mohanty, CEO and Co-Founder of DeepTechGenie, said, “Our vision is to revolutionize shopping with technology that bridges customers and retailers, making shopping smarter, faster, and more engaging. This funding marks a pivotal milestone in our journey and will help us further empower retailers with cutting-edge, user-friendly solutions.”

Koushik Sheker, CEO of Enlighten Capital, stated, “We are excited to partner with DeepTechGenie as they lead the retail sector into a new era of automation and intelligence.”

About DeepTechGenie 

Founded in 2023 by Basha Mohanty and Bikash Kumar Mohanty, DeepTechGenie is changing the face of retail by turning traditional stores into next-gen smart spaces. 

Its Smart Store solutions—like No-Counter Checkout, Smart Tagging, Smart Carts, Dynamic Pricing, and AI-driven Analytics—are already improving the shopping experience in areas like groceries, clothing, electronics and more.

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