Browsing: Industry Updates

Battery circularity company PeakAmp has raised Rs 12 crore (about $1.37 million) in a seed funding round led by Caret Capital, with participation from IIMA Ventures, Basant Sharma and Group, and other investors.

FarmDidi, a D2C pickle brand that empowers rural women entrepreneurs, has raised over Rs 7 crore in a seed funding round led by Samved Ventures. The round also saw participation from LetsVenture, Indigram Labs, IIM Calcutta Innovation Park, and angel investors from IIM Calcutta and Symbiosis.

Lubrizol InnoVentures, the innovation arm of global speciality chemicals provider Lubrizol, participated in the round. The funds will be used to scale the firm’s R&D processes, build pilot production facilities, expand its team, and develop go-to-market strategies.

The company is also collaborating with Bharat Electronics on developing high-altitude logistics drones and has partnered with Bhutan’s Druk Holding & Investments group for pilot UAV-based logistics missions to monasteries in remote locations

Home services marketplace Urban Company has allocated shares worth Rs 853.87 crore ($97 million) to anchor investors ahead of its Rs 1,900 crore initial public offering (IPO).

Company has raised $50 million in its expanded Series C funding round with fresh participation from UAE-headquartered CE-Invests, Singapore-based Panthera Growth Partners, and Japan’s SMBC Asia Rising

Reveal HealthTech secured $7.2 million in series A funding, led by Leo Capital, to expand its AI healthcare solutions. The company, incubated by W Health Ventures and 2070 Health, will use the funds to commercialize AI tools like BioCanvas and Prism AI, focusing on maret education and scalability.

Dectrocel, a health-tech startup developing AI-powered diagnostic solutions, has raised Rs 4 crore in a funding round led by IAN Group-powered BioAngels along with participation from PadUp Ventures and Vinners.

House of Zelena, a Bengaluru startup specializing in maternity wear, has secured Rs 7 crore in seed funding. Sprout Venture Partners and M Venture Partners co-led the investment round. GSF and angel investors also participated. The company plans to use the funds to enhance its supply chain. They will also invest in product development and community building.

The company plans to deploy the funds towards opening new dark stores in Bengaluru, rolling out formats like cafes and daily subscriptions, expanding into new categories, hiring talent, and investing in brand building.