🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Amwoodo raises $1 Mn from Zerodha-backed Rainmatter

EntrackrEntrackr · 1y ago
Amwoodo raises $1 Mn from Zerodha-backed Rainmatter
Medial

Bamboo products maker Amwoodo has raised $1 million in funding from Zerodha-backed venture fund Rainmatter. The proceeds will be used for upgrading machinery and equipment, upskilling artisans and facilitating expansion initiatives. Founded in 2019, Amwoodo specialises in manufacturing bamboo items like combs, toothbrushes, razors, slippers, compostable sanitary bags, and towels. The company directly sources bamboo from around 400 farmers in the northeast and collaborates with about 380 artisans. The final refinement of products to meet export standards occurs in its factories located in Howrah, Kolkata. The platform operates in both business-to-business (B2B) and business-to-consumer (B2C) sectors, with major clients including hospitality chains like Taj Hotels and The Leela, and direct-to-consumer brands such as Himalaya, Man Company, Nat Habit, and Kimirica. The Kolkata-based firm claims to have achieved sales worth Rs 21.72 crore in the last financial year. For the ongoing financial year, the company aims to reach sales of approximately Rs 60 crore.

Related News

LogicLadder raises $2.5 Mn in Series A round

EntrackrEntrackr · 1y ago
LogicLadder raises $2.5 Mn in Series A round
Medial

Climate-tech SaaS startup LogicLadder has raised $2.5 million in its Series A round led by Singapore and Vietnam-based BIG Capital and Zerodha’s Rainmatter. The firm is backed by investors including ONGC, Shell and IIM Lucknow EIC. The proceeds will be used to expand its global footprint in South Asia and North America. Founded in 2011, LogicLadder’s premium platform ‘The Sustainability Cloud’ is used by enterprises to manage ESG, account for Scope 1, 2 and 3 carbon emissions, meet environment compliance and generate sustainability reporting. According to LogicLadder, the software follows global standards like GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM and GRESB, among others. Additionally, its products – TSC Water, TSC Energy, and TSC Enviro, allow organisations to achieve efficiency-led decarbonisation and sustainability in water and generated waste. The firm claims to be working with over 1,000 customers such as NTPC, BHEL, PVR-INOX, Mother Dairy and others, along with 40 channel partners.

Machaxi raises $1.5 Mn from Rainmatter, Prakash Padukone, others

EntrackrEntrackr · 2m ago
Machaxi raises $1.5 Mn from Rainmatter, Prakash Padukone, others
Medial

Machaxi, a Bengaluru-based sports-tech startup focused on grassroots coaching and digital sports infrastructure, has raised $1.5 million in a funding round led by Rainmatter, the investment arm of Zerodha, with participation from badminton legend Prakash Padukone and existing investors. The proceeds will support Machaxi’s expansion into Hyderabad, Pune, and Chennai, and accelerate the development of its AI-powered coaching platform aimed at standardizing badminton training across India. Founded in 2022 by Pratish Raj and Ankit Raj, Machaxi offers training programs that ensure consistent, high-quality coaching regardless of geography. The firm currently operates centres in Bengaluru and aims to expand its reach nationwide, catering to first-time players as well as aspiring professional athletes. As part of its expansion strategy, Machaxi has partnered with the Padukone School of Badminton to launch the “Machaxi x Padukone School of Badminton” program, which aims to set up more than 1,000 coaching centres over the next four years. The system will assist with performance tracking and scalability, complementing human coaching rather than replacing it.

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