Introduction
On July 20, 2025, Plenome Technologies, an IIT Madras-incubated startup, announced that it raised ₹6.5 crore (~$800,000) in a seed funding round to scale its blockchain-powered data management platform. This marks an important milestone for the Indian startup ecosystem, demonstrating increasing investor confidence in blockchain technology beyond cryptocurrencies.
Background
Plenome was founded in 2023 by a team of IIT Madras alumni — Rohan Iyer, Sneha Kapoor, and Karan Desai — with the vision of creating secure and transparent data infrastructure. The idea emerged from research at IIT Madras on distributed ledgers and their potential to improve data integrity. While blockchain is often associated with crypto, Plenome focuses on enterprise data management and compliance.
The startup offers solutions that combine blockchain technology with AI to ensure tamper-proof records, auditability, and compliance across sectors like banking, healthcare, and supply chains.
The Funding Round
The seed round was led by Inflection Point Ventures, with participation from Titan Capital, LetsVenture, and a group of angel investors. CEO Rohan Iyer noted: “We are thrilled to have the support of investors who believe in our vision to make enterprise data secure and transparent.”
The funds will primarily be used for:
- Enhancing product capabilities
- Hiring engineers and customer success teams
- Scaling operations to key Indian metro cities
- Conducting pilots with enterprises and government agencies
Industry Perspective
Experts see Plenome’s success as evidence of blockchain’s maturation in the Indian market. Angel investor Anjali Sharma remarked: “Plenome’s focus on real-world compliance and transparency in enterprise data is timely and critical in today’s regulatory landscape.”
Product and Vision
Plenome’s flagship product is a SaaS platform offering:
- Immutable record-keeping for sensitive data
- Automated compliance reporting
- Data lineage and audit trails
- AI-driven anomaly detection
The company claims their solution is already being tested with two private banks and a healthcare network.
Future Plans
Plenome aims to pilot its product with five large enterprises by Q1 2026. International expansion and public sector partnerships are also on the roadmap.
Conclusion
With strong investor backing and growing demand for trustworthy data solutions, Plenome is well-positioned to become a leader in blockchain-based enterprise technology.
