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60-minute clothes delivery app Slikk raises $300K

EntrackrEntrackr · 9m ago
60-minute clothes delivery app Slikk raises $300K
Medial

GenZ-focused 60-minute clothes delivery app Slikk has raised $300K in its pre-seed round led by Better Capital, with participation from Untitledxyz Ventures. The proceeds will be used to scale to over 100 brands, set up a large-format dark store, and expand delivery coverage to 70% of Bangalore’s pincodes, the company said in a press release. The startup also plans on expanding to other metropolitan cities in India, and broadening its offerings to include beauty, personal care, and home decor. Led by Akshay Gulati, Slikk delivers fresh styles daily, allowing users to explore the latest trends frequently. In order to stay up with the rapidly changing fashion industry, Slikk delivers the newest trends directly to its customers’ doorsteps, with new styles arriving weekly. Initially launching in Bengaluru, the platform will soon extend to other cities. According to market research, the Indian apparel market is expected to reach $105.50 billion by 2024, with the fast fashion segment growing from $9.90 billion in 2023 to $28.84 billion by 2030.

Battery Smart raises $65 Mn in Series B round

EntrackrEntrackr · 1y ago
Battery Smart raises $65 Mn in Series B round
Medial

Battery tech startup Battery Smart has scooped up $65 million in Series B round led by LeapFrog Investments. The equity round also saw participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures and British International Investment (BII). While Battery Smart did not disclose its current valuation, it was valued at around $340 million during the first tranche of Series B worth $45 million. This was a significant surge in valuation from the $210 million in the pre-Series B round in November last year. The startup will use the capital to scale its battery-swapping network across the country and drive more electric mobility adoption, Battery Smart said in a press release. Battery Smart provides advanced lithium-ion batteries for electric two and three-wheelers which can be swapped in quick time at any of its swapping stations. Its battery-as-a-service (BaaS) solution helps customers to save high upfront costs. Currently, it claims to have 1,000 battery-swapping stations across 30 cities, completing over 35 million swaps with over 45,000 active customers. The firm has a presence in Haryana, NCR, Karnataka, Rajasthan, Telangana, Uttar Pradesh, and Maharashtra. Recently, Battery Smart tied up with quick commerce platform Zepto to deploy 1,000 electric vehicles in the next financial year of FY25. The partnership will allow Zepto’s EV delivery partners to use Battery Smart’s battery-swapping network. As per startup data intelligence platform TheKredible, Battery Smart saw a seven-fold jump in its revenue to Rs 55.8 crore from Rs 7.95 crore in FY22. Meanwhile, its losses also surged 4.9X to Rs 64.51 crore from Rs 13.08 crore. As per the latest data, Tiger Global controls 23% stake in Battery Smart followed by co-founders Pulkit Khurana and Siddharth Sikka with 14.28% stake each. Blume Venture holds more than 12% stake in the company. Check TheKredible for more details.

Pehle Jaisa raises $300K in pre-Series A round

EntrackrEntrackr · 16d ago
Pehle Jaisa raises $300K in pre-Series A round
Medial

Snippets Pehle Jaisa raises $300K in pre-Series A round Pehle Jaisa, a startup transforming waste into opportunity, has raised $300K in a pre-Series A funding round co-led by Pantnagar Capital and Climate Angels. The Gurugram-based company had previously raised $169K in a seed funding round. The proceeds will be utilized to scale its decentralized rural waste management model across Indian villages, Pehle Jaisa said in a press release. Co-founded in 2022 by Pankaj Pandey and Ehtesham Farooqui, Pehle Jaisa specializes in providing organic fertilizers to the agriculture industry, focusing on decentralizing organic fertilizer production by integrating with waste centers. The company aims to produce high-quality, competitive-priced organic fertilizers by eliminating the "first mile" cost in manufacturing. Pehle Jaisa states that it envisions a future where every village in India is self-reliant — generating its own gas, electricity, and fertilizers. By enabling local production, it aspires to create a truly circular rural economy that drives sustainability, resilience, and long-term prosperity at the grassroots level. Starting with soil conditioners and bio-stimulants, the company has a strong pipeline of customized organic-based fertilizers, tailored to crop type and regional soil requirements. In just eight months of launch, Pehle Jaisa claims to have sold over 500 MT of fertilizer in FY24, reflecting the growing demand for sustainable solutions. In FY25, the company scaled further, generating over Rs 2.5 crore in revenue by selling more than 1,500 MT of value-added fertilizers. The startup intends to surpass Rs 100 crore in revenue in the coming years.

EMO Energy raises $6.2 Mn in Series A round

EntrackrEntrackr · 5m ago
EMO Energy raises $6.2 Mn in Series A round
Medial

Snippets EMO Energy raises $6.2 Mn in Series A round Energy-tech startup EMO Energy has raised $6.2 million in its Series A funding round, led by Subhkam Ventures along with participation from the existing investor, Transition VC. The Bengaluru-based company had previously raised $1.43 million from Sat Industries and others. The proceeds will be utilized to scale its 2 and 3 wheeler energy solution to over 1 lakh vehicles over the next two years, strengthen its R&D capabilities, and expand the team to meet growing operational demands, EMO Energy said in a press release. Co-founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy is a deep energy-tech startup focused on enabling mass EV adoption and decarbonizing urban energy. Its proprietary technology stack, ZEN, provides ultra-fast 20-minute charging, fireproof designs, and over 3000 charging cycles, making it a benchmark in safety, efficiency, and performance. The company’s battery systems are designed for electric two- and three-wheelers, commercial vehicles, and large-scale energy storage, with applications across multiple industries. According to EMO Energy, it aims to empower the urban energy landscape through its advanced battery software and hardware. Its patented technology, ZEN, comprises an AI battery management system, active thermal management, and machine learning battery life extension algorithms, which can cater to mobility and energy storage, unlocking a multi-billion-dollar addressable market across electric two-wheelers, light commercial vehicles, and industrial green energy storage systems. Over the last 12 months, EMO states that it has forged critical high-volume partnerships across major OEMs and is now well-equipped to scale from 2 to 2000 kWh. It is creating an ecosystem where dark stores and commercial establishments will have EMO-enabled delivery vehicles powered by its fast chargers and energy storage systems, all managed by an integrated energy management software. EMO Energy claims that it has already deployed over 2,000 battery packs in the mobility segment and is executing production-ready pilots for ESS aimed at providing peak shaving/backup and replacing diesel generators in industrial and commercial settings. Some of the startup’s clients include Kinetic Green, BigBasket, Domino’s, and Blinkit.

Battery tech startup LOHUM raises $54 Mn in Series B

EntrackrEntrackr · 1y ago
Battery tech startup LOHUM raises $54 Mn in Series B
Medial

Battery tech startup LOHUM has announced that it raised $54 million in a Series B funding from Singularity Growth, Baring Private Equity, Cactus Venture Partners, and Venture East among other new and existing venture firms. LOHUM will use these funds to fuel its market expansion, scaling up recycling operations across India, the firm said in a press release. It will also expand to new energy transitioning markets in North America, the EU and MENA region. The firm has already raised more than $37 million across multiple tranches and was valued at around $422 million post-allotment of the latest tranche. Entrackr had exclusively reported both the developments. Lohum claims to be one of the largest producers of sustainable energy transition materials through integrated battery recycling & raw material refining and battery repurposing. The company also said that its lithium-ion battery material recycling and extraction technology regenerates top-quality materials and produces zero waste. The company repurposes EV batteries to make second-life energy storage systems (ESS) for renewable energy storage and grid stabilization. As of early 2024, LOHUM plans to have an in-house ecosystem of battery recycling, battery repurposing, transition materials refining, Cathode Active Material (CAM), i.e. integrated battery lifecycle management. Lohum also performed well during the last fiscal year as its revenue surged nearly three-fold to Rs 308 crore from Rs 106 crore in FY23. The company posted back to back profits in the past three fiscal years. Check startup data intelligence platform TheKredible for more details.

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