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Equilibrium raises $3 Mn from Kalaari, Avaana, and Peak XV

EntrackrEntrackr · 3h ago
Equilibrium raises $3 Mn from Kalaari, Avaana, and Peak XV
Medial

Equilibrium raises $3 Mn from Kalaari, Avaana, and Peak XV Climate-tech startup Equilibrium has raised $3 million in its first institutional funding round from Kalaari Capital, Avaana Capital, and Peak XV Partners. The proceeds will be used to strengthen its tech platform, speed up progress on its eight ongoing carbon removal projects, and grow operations. Founded in 2024 by Siddhanth Jayaram, Equilibrium delivers full-stack carbon removal solutions for companies aiming to reach net-zero emissions. Its work spans agroforestry, regenerative farming, mangrove planting, and biochar projects, involving over 60,000 farmers and coastal communities. Equilibrium works with corporates, tech firms, and project financiers: they build and manage the carbon removal projects, track their performance using technology, and then sell carbon credits or removal units to customers with net-zero goals. The startup already has a project pipeline capable of achieving over 20 million tonnes of long-term CO₂ removal. It operates in nine Indian states including Maharashtra, Tamil Nadu, Karnataka, Andhra Pradesh, West Bengal, and Gujarat, and plans to expand into nearby South Asian countries like Nepal and Sri Lanka in the next few quarters.

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Clean-tech startup Wastelink raises $3 Mn led by Avaana Capital

EntrackrEntrackr · 24d ago
Clean-tech startup Wastelink raises $3 Mn led by Avaana Capital
Medial

Clean-tech startup Wastelink raises $3 Mn led by Avaana Capital. Business-to-business (B2B) food upcycling startup Wastelink has raised Rs 27 crore (around $3 million) in a Series A funding round led by early-stage investment firm Avaana Capital. The Delhi-based company had earlier raised $2.3 million from Indigram Labs and others. The fresh funds will be used to enhance its tech stack and expand into new categories, Wastelink said in a press release. Founded in 2018 by Saket Dave and Krishnan Kasturirangan, Wastelink transforms surplus and waste food from manufacturers and retailers into nutritional animal feed ingredients. Its proprietary feed product, ECOMIX, is supplied to animal feed companies as a raw material. The startup has also developed an AI-powered reverse supply chain tracking system that provides food companies visibility into the usage of their waste and packaging, while also offering transparency to animal feed companies on raw material processing. Wastelink claims to serve more than 5,000 pincodes across India, having upcycled over 35,000 tonnes of FMCG surplus into feed ingredients, catering to about 38,500 animals annually. According to market research, the global upcycled food market is projected to reach $119.8 billion by 2034. Wastelink competes with players such as Sea6 Energy and Krimanshi.

Sweet Karam Coffee raises $8 Mn led by Peak XV

EntrackrEntrackr · 5m ago
Sweet Karam Coffee raises $8 Mn led by Peak XV
Medial

Sweet Karam Coffee Raises $8 Mn Led by Peak XV Chennai-based South Indian food brand Sweet Karam Coffee (SKC) has raised $8 million in its Series A round led by Peak XV Partners, with existing investor Fireside Ventures also increasing its stake. The funding comes almost two years after Sweet Karam Coffee raised $1.5 million from Fireside Ventures. The proceeds will be used to expand its distribution, launch new products, and improve its supply chain with tech. Founded in 2015, SKC is known for its authentic sweets, snacks, and filter coffee, which is made without palm oil, preservatives, or maida. It also sells condiments and ghee. The startup sells its products via its website, e-commerce marketplaces, and quick commerce platforms, serving customers across 32 countries. SKC claims to have grown 4X in revenue over the past 12 months and is projected to grow another 2.5X in the next 12 months. SKC announced the appointment of Nandhitha Indermohan (ex-Unilever) as Chief Operating Officer to boost execution.

Dhruva Space raises $15 Mn in Series A round

EntrackrEntrackr · 1y ago
Dhruva Space raises $15 Mn in Series A round
Medial

Space tech startup Dhruva Space has raised $15 million (Rs 123 crore approximately) in its Series A round from Indian Angel Network Alpha Fund and Blue Ashva Capital, as well as Silverneedle Ventures, BIG Global Investment JSC (BITEXCO Group) IvyCap Ventures, Mumbai Angels, and Blume Founders Fund. The fundraise also includes a Rs 10 crore venture debt from Small Industries Development Bank of India (SIDBI) and a Rs 14 crore venture debt from Technology Development Board. The proceeds will be used for upcoming spacecraft manufacturing facilities, strategic business acquisitions, and enhancing product offerings, the company said in a press release. Founded by Sanjay Nekkanti and Chaitanya Dora, Dhruva Space has launched as many as eight payloads in the last 24 months, including the Thybolt satellites mission in November 2022 and the LEAP-TD mission on 01 January 2024. The Hyderabad-based startup is active across space, launch, and ground segments, and supports civilian and defence clients worldwide. It offers satellites teamed with Earth Station/s and Launch Services as an integrated solution or individually as technology solutions to power space-based applications on Earth and beyond. Over the past few years, several space tech startups such as Agnikul Cosmos, Skyroot Aerospace, Pixxel, Bellatrix, GlaxEye, Dhruva, Vesta Space, Digantara and InspeCity have managed to raise decent funding. In June last year, spacetech startup Digantara raised $10 million in Series A1 funding led by Peak XV Partners (formerly Sequoia Capital India) and Kalaari Capital. In the same month, Pixxel scooped up $36 million in a series B funding round from new investors such as Google.

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