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Deeptech startup ALT CARBON raises $12 Mn in seed round

EntrackrEntrackr · 10m ago
Deeptech startup ALT CARBON raises $12 Mn in seed round
Medial

Deeptech startup ALT CARBON has raised $12 million (about Rs 102.8 crore) in a seed funding round led by Lachy Groom along with participation from Shastra VC and other angel investors such as Jason Zhao, Amrendra Singh, Tanmay Bhat, Arjun Soin, Nakuul Mehta, Arjun Ramani, Advaith Vishwanath, and Rahul Seth. The fresh funds will be allocated towards building new projects which enable carbon dioxide removal (CDR) across South Asia and spending on research and development. Founded by Shrey and Sparsh Agarwal in 2023, ALT CARBON helps farmers and scientists in utilizing dormant lands as carbon removal sinks. It aims to leverage technologies like Enhanced Rock Weathering in making South Asia a hub for CDR. With this round, the Bengaluru-based startup plans to improve its science, conduct advanced R&D, collect high-quality data, and create Machine Learning models that accelerate its operations. Its flagship project, the Darjeeling Revival Project (DRP), aims to revive degraded soils, restore livelihoods, and rebuild ecosystems in Darjeeling, India. ALT CARBON aims to remove 5 million metric tons of CO2 by 2030 and become a leader in CDR in South Asia. The startup collaborates with local agricultural communities and organizations like Frontier and Shopify. ERW not only removes CO2 but also improves soil health, potentially boosting crop yields and supporting local livelihoods.

Even Healthcare raises $20 Mn led by Lachy Groom and Alpha Wave

EntrackrEntrackr · 2m ago
Even Healthcare raises $20 Mn led by Lachy Groom and Alpha Wave
Medial

Bengaluru-based managed care provider Even Healthcare has raised $20 million in a fresh funding round led by existing investors Lachy Groom and Alpha Wave, with participation from Sharrp Ventures. The new round comes within 15 months for Even Healthcare which had raised $30 million in Series A funding round in October 2024. With this round, the company’s total funding has reached $70 million, while its valuation has more than doubled over the past year. The proceeds will be used to expand Even Healthcare’s hospital footprint in Bengaluru and scale its managed-care hospital model. Founded in 2020, Even Healthcare operates a membership-based model combining primary care, diagnostics, and hospital services. Unlike traditional hospital systems, Even’s approach focuses on continuity of care and patient recovery rather than maximising admissions and length of stay. Care teams remain accountable across consultations, diagnostics, hospitalisation, and post-discharge recovery at home. Alongside the fundraise, Even said its first hospital achieved operating break-even within six months of launch. Since launching its first hospital in May 2025, Even claims to have tracked outcomes across its network, reporting no unplanned 30-day readmissions across more than 350 surgeries, zero post-operative infections in the cohort, and over 200 hospitalisations avoided through monitored home recovery. Average length of hospital stay was reported to be around 40% lower than comparable settings.

Airbound raises $8.65 Mn in seed funding round

EntrackrEntrackr · 5m ago
Airbound raises $8.65 Mn in seed funding round
Medial

Airbound, an autonomous delivery logistics firm specializing in blended-wing-body aircraft, has raised $8.65 million in a seed funding round and entered a pilot partnership with Narayana Health. The round was led by Lachy Groom, with participation from Humba Ventures, existing investor Lightspeed, and senior leaders at Tesla, Anduril, and Ather Energy. Following this seed round, Airbound has raised over $10 million in total funding. The funds will be used to scale manufacturing, expand operations beyond medical delivery, refine its technology, and prepare for wider market adoption in 2026, Airbound said in a press release. Launched in 2023 by Naman Pushp, Airbound aims to make logistics seamless and delivery costs negligible, enabling fast, reliable transport across all sectors, including underserved regions. The company’s proprietary carbon-fiber manufacturing process allows rapid production of drones, each achieving a payload-to-aircraft mass ratio of 1 kg to 1.5 kg. According to Airbound, its blended-wing-body tailsitter design combines vertical takeoff and landing with the efficiency of fixed-wing flight, overcoming the limitations of tilt-rotor and quadplane designs. The company’s aircraft form the backbone of a scalable, cost-efficient, borderless supply chain. Airbound has launched a three-month pilot partnership with Narayana Health, aiming to complete 10 medical deliveries per day, including blood samples, test kits, and essential supplies. This program provides a proof of concept for one of the most demanding delivery applications, demonstrating reliability, speed, and cost efficiency.

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