Inc42 posted that Pune-based Aeron Systems raised ₹45 Cr (about $4.7 Mn) in a pre-Series B round jointly led by Riverwalk Holdings and MGF-Kavachh. According to the post, the company founded in 2008 by Ashvani Shukla and Abhijeet Bokil designs and manufactures inertial navigation and industrial IoT weather-monitoring systems for aerospace, defence, renewable energy and other sectors, and plans to use the capital to expand manufacturing capacity for advanced inertial navigation systems, accelerate R&D, meet demand and grow internationally. The details appeared in one post on X that linked to the Inc42 article.