Bengaluru’s deep-tech startup ToneTag raises ₹35 crore from Qualcomm Ventures
Tonetag, a deeptech startup focused on sound-based payment systems, has raised Rs 35.16 crore ($3.8 million) from Qualcomm Ventures, according to ministry of corporate affairs documents. The round follows last year’s $78 million funding from ValueQuest, Iron Pillar and Elevate Capital. The company did not disclose the investment size publicly.
<html> <body> <!--StartFragment-->Bengaluru-based deep-tech startup <strong data-start="145" data-end="156">ToneTag</strong>, known for its sound-based payment technology that enables contactless transactions using audio signals, has secured about <strong data-start="280" data-end="316" data-is-only-node="">₹35.16 crore (~$3.8M) in funding</strong> from <strong data-start="322" data-end="343">Qualcomm Ventures</strong> — the investment arm of global chipmaker Qualcomm. The capital will help ToneTag accelerate development of its next-generation proximity payment solutions and expand its innovative offerings across connected devices globally. ToneTag’s technology aims to convert everyday gadgets into secure payment-capable endpoints using edge AI and sound-based signals — a move that highlights growing investor interest in alternative contactless payment methods.<!--EndFragment--> </body> </html>