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Dreamfly Innovations raises Rs 3 Cr debt from SIDBI

EntrackrEntrackr · 23d ago
Dreamfly Innovations raises Rs 3 Cr debt from SIDBI
Medial

Bengaluru-based energy-tech startup Dreamfly Innovations has raised Rs 3 crore in non-dilutive venture debt from SIDBI. The proceeds will be used to support working capital and expand manufacturing capacity as the company scales operations. Backed by Avaana Capital, Dreamfly Innovations designs and manufactures advanced smart battery systems for drones, aviation, and aerospace applications. The firm focuses on lithium solid-state and graphene-based batteries, built to deliver higher energy density, improved safety, and better thermal performance. Its products use a proprietary thermal-case architecture and intelligent battery management systems (BMS) to ensure reliability in high-stress operating environments. Dreamfly follows a B2B manufacturing-led model, supplying customised battery packs and power solutions to OEMs and enterprise customers across unmanned aerial systems, defence-linked programs, and emerging aerospace use cases. The firm earns revenue through long-term supply contracts, co-development engagements, and repeat orders as customers scale deployments. As demand for high-performance energy storage grows across drones and advanced mobility, Dreamfly is positioning itself as a domestic supplier of mission-critical battery systems built for precision and safety.

60-minute clothes delivery app Slikk raises $300K

EntrackrEntrackr · 1y 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.

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

EntrackrEntrackr · 8m 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.

Deeptech startup Meine Electric raises $750K in pre-seed round

EntrackrEntrackr · 1m ago
Deeptech startup Meine Electric raises $750K in pre-seed round
Medial

Meine Electric, a deeptech energy storage startup, has raised $750,000 (around Rs 6.7 crore) in a pre-seed funding round led by Antler, Rebalance and Venture Catalysts. The round also saw participation from gradCapital, AIC-AU Incubation Foundation, and a group of angel investors. The funding will be used to move the company from lab-scale prototypes to pilot-ready iron-air battery systems and to strengthen its research and engineering capabilities. Founded in 2023 by Priyansh Mohan and Stuti Kakkar, Meine Electric is building iron-air long-duration energy storage (LDES) systems, positioning itself as the first company in APAC and among the few globally working on this technology. The startup is focused on batteries designed for 16–24 hours of storage, aimed at supporting round-the-clock renewable energy usage. Iron-air batteries use abundant materials such as iron, air and water and operate through a reversible rusting process. Unlike lithium-ion batteries, which are typically viable for short-duration storage, iron-air systems are designed for daily cycling and long-duration use, making them suitable for solar-heavy grids. Meine Electric claims its technology is capable of operating at a lower cost of storage compared to existing battery solutions and is optimised for faster charge and discharge to match solar generation cycles. The firm operates from a 5,000 sq ft facility in Chennai, which is being set up for pilot production. It has secured four granted patents and seven international patent filings related to its technology. Going forward, Meine Electric plans to build grid-connected prototypes, followed by larger pilot deployments, with a target to launch containerised iron-air battery systems by 2027. The startup is also engaging with power producers and commercial and industrial customers for pilot projects.

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.

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