News on Medial

Cancrie raises $1.2 Mn in seed funding round

EntrackrEntrackr · 1y ago
Cancrie raises $1.2 Mn in seed funding round
Medial

Cancrie, a startup focused on advanced nanocarbon materials for energy storage, has raised $1.2 million in a seed funding round co-led by Roots Ventures and IIMA Ventures. The fund will be used to scale production, accelerate research and development, and forge strategic partnerships to integrate its advanced nanocarbon materials into next-generation energy storage devices. Co-founded in 2020 by Akshay Jain and Mahi Singh, Cancrie specializes in developing advanced carbon materials for energy storage devices, focusing on sustainability and performance. Its patented technology produces high-quality carbons designed to enhance battery performance across various chemistries, including lead-acid, lithium-ion, sodium-ion, redox flow batteries, and supercapacitors. The Jaipur-based company aims to create superior energy storage solutions using renewable resources while maintaining affordability and achieving net-zero emissions. By optimizing material specifications, Cancrie enhances electrochemical reactions, reduces internal resistance, and increases the utilization of active material by up to 14%. This helps mitigate e-waste.

Related News

Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia

EntrackrEntrackr · 16d ago
Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia
Medial

Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia Mumbai-based embedded lending technology startup Intellend Technologies Advisors has raised $1.2 million (Rs 10.6 crore) in a seed funding round led by Incubate Fund Asia. The round also saw participation from M Venture Partners, Atrium Angels, and angel investor Dhananjay Tiwari. The proceeds will be used to expand the core team, enhance product capabilities, and execute the company’s go-to-market strategy. Founded in May 2025 by Brotish Das, Som Chatterjee, and Bodhisattwa Gupta, Intellend is building a full-stack lending-as-a-service platform focused on enabling embedded credit for MSMEs within digital merchant ecosystems. The platform allows merchant platforms and financial institutions to offer loans directly at the point of need using data-driven underwriting and automated risk assessment. Intellend has partnered with multiple merchant ecosystems that collectively serve over one lakh merchants, enabling access to credit through integrated lending workflows. It focuses on providing structured and affordable credit access to small businesses that typically face limited access to formal lending. Intellend also plans to scale partnerships with additional merchant platforms and financial institutions while expanding its lending product suite. The founding team brings prior experience across Indian and global financial institutions, including Citi, Standard Chartered, HSBC, Axis Bank, and other large lenders, with backgrounds in digital lending, risk management, and embedded finance.

Download the medial app to read full posts, comements and news.