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Biokraft raises Rs 2 Cr in pre-seed round from GVFL

EntrackrEntrackr · 4m ago
Biokraft raises Rs 2 Cr in pre-seed round from GVFL
Medial

Foodtech startup Biokraft Foods has raised Rs 2 crore in pre-seed funding led by GVFL. With the fresh capital, it plans to strengthen R&D, accelerate product development, and prepare for regulatory approvals as it moves toward commercialization. Founded in 2023 by Kamalnayan Tibrewal, Biokraft is building cultivated meat products designed to deliver the same taste and experience as conventional meat. The startup is developing structured cultivated meat using advanced biotechnology and 3D bioprinting. It has adopted a hybrid approach, blending cultivated meat with food-safe ingredients to improve affordability, scalability, and texture. Biokraft claims to have already conducted over 400 consumer trials with encouraging results and previously received grants and incubation support from iCREATE, SPTBI, and ICT-NICE. Its business model focuses on sustainability-conscious consumers, as well as food manufacturers, restaurants, and retailers seeking alternatives to conventional meat supply chains. Its future pipeline also includes cultivated seafood and pet food applications. It will compete with both local alt-protein startups and international cultivated meat pioneers such as Eat Just and Upside Foods.

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Genexis Biotech raises Rs 4 Cr in seed round led by GVFL

EntrackrEntrackr · 5m ago
Genexis Biotech raises Rs 4 Cr in seed round led by GVFL
Medial

Genexis Biotech raises Rs 4 Cr in seed round led by GVFL Vadodara-based bio-manufacturing startup Genexis Biotech has raised Rs 4 crore in a seed funding round led by GVFL, with participation from Benzai10. The proceeds will be used to scale bioreactor capacity, build downstream processing infrastructure, launch new recombinant proteins and enzymes, and strengthen compliance, sales, and distribution functions. Genexis Biotech develops animal-origin-free recombinant proteins using precision fermentation, catering to sectors like biopharma, food-tech, and cell culture. The startup operates a certified Class 10,000 facility and is setting up a GMP-compliant unit. It has introduced recombinant peptidases such as amino peptidase and enterokinase, and plans to launch recombinant transferrin and albumin. In the past year, Genexis established partnerships with pharmaceutical companies and biotech firms, signed an MoU with the Gujarat government, and received client orders for alternative protein formulations. It showcased its portfolio at Global Bio-India 2024 and aims to enter the regulated biotech export market, develop encapsulated formulations for the cosmetics industry, and collaborate with CDMOs, academic labs, and biopharma firms. Genexis Biotech focuses on scalable, ethical biomolecule production. GVFL has backed the company as part of its investment thesis across deeptech and biotech innovation.

GVFL leads Rs 15 Cr round in B2B packaging platform DCG Tech

EntrackrEntrackr · 6m ago
GVFL leads Rs 15 Cr round in B2B packaging platform DCG Tech
Medial

GVFL leads Rs 15 Cr round in B2B packaging platform DCG Tech DCG Tech, a B2B platform for packaging, warehouse solutions, and procurement, has raised Rs 15 crore in a pre-Series A funding round led by GVFL. GVFL has invested Rs 10 crore in the round, while Auxano Capital and the promoters have participated in the investment round. Prior to this, the Gurugram-based company had raised $3.31 million in a seed funding round from Venture Catalysts. The proceeds will be utilised to accelerate growth, enhance platform technology, and expand international operations, DCG said in a press release. Co-founded in 2005 by Suresh Bansal and Subhasish Chakraborty, DCG Tech addresses the packaging needs of MSMEs, e-commerce and quick-commerce brands by offering them a one-stop, cost-effective solution. The firm’s solutions, such as Design to Distribution, Packaging as a Service, EcoPac for Sustainable Packaging, and the ProPac Platform, aim to bring efficiency and cost-effectiveness to businesses of all sizes. With over 60,000 customers and 750 million packaging products delivered, DCG claims to have presence through eight fulfilment centres, six sales offices, and a Design and Innovation Centre. It also has a subsidiary in Dubai. “With the backing of GVFL and other investors, and our roadmap of smart manufacturing, AI-based technology, and sustainable packaging solutions, we are poised to lead the next phase of growth in the B2B commerce space. Our goal is to become India’s most preferred packaging and commerce platform for businesses,” said Suresh Bansal, founder & CEO of DCG. DCG states that it offers a tech-enabled, end-to-end procurement and distribution platform that provides over 10,000 SKUs across 78 categories.

Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round

EntrackrEntrackr · 6m ago
Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round
Medial

Snippets Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round Deep-tech space startup Astrophel Aerospace has raised Rs 6.84 crore (around $800K) in a pre-seed funding round from a group of angel investors and venture firms. The Pune-based startup will use the funds to build a prototype of its reusable semi-cryogenic launch vehicle and to expand in-house R&D efforts focused on building advanced missile-grade guidance and propulsion systems. Founded in 2022 by Suyash Bafna, Astrophel Aerospace is building cost-effective, reusable launch vehicles specifically tailored for small satellites. It operates on a vertically integrated model designing, engineering, and testing propulsion systems in-house. The firm’s Astra C1 series rockets are powered by in-house developed semi-cryogenic engines and built using a combination of 3D printing and modular assembly. Astrophel claims to be among a limited number of Indian private companies to have successfully test-fired a semi-cryogenic engine, and achieved this with just Rs 6 lakh in internal resources and no external funding before this round. It is now aiming for a working, reusable prototype within the next 2–3 years. The startup is building its flagship Potentia C1U engine using modular design and manufacturing principles adapted from the automotive sector. Astrophel has also signed an MoU with ISRO to support co-development and testing. In India, its key competitors include Skyroot Aerospace, Agnikul Cosmos, Bellatrix Aerospace and Pixxel among others.

Construction-tech startup HandyPanda raises Rs 2 Cr led by AJVC

EntrackrEntrackr · 6d ago
Construction-tech startup HandyPanda raises Rs 2 Cr led by AJVC
Medial

Construction-tech startup HandyPanda has raised Rs 2 crore in a pre-seed funding round led by early-stage venture capital firm AJVC, with participation from angel investors including Sankalp Kathuria (Co-Founder & CEO, Broadway) and building materials family office heads. The proceeds from the round will be used to build teams and strengthen systems across product, operations, and supply. HandyPanda is focused on reimagining the consumer experience for building materials by addressing challenges such as delays caused by fragmented supply chains, limited price transparency, and concerns around product authenticity. Founded by three IIT Delhi batchmates Abhishek Rao, Shaurya Goel, and Shaurya Jindal, the startup believes India’s home renovation and construction market is at an inflection point, driven by evolving consumer expectations and a rapidly organizing supplier ecosystem. According to its website, HandyPanda lists construction and renovation materials across categories such as electricals, bathware & plumbing, hardware, and paints with products sourced from manufacturers or authorized dealers. HandyPanda launched operations in September 2025 and is close to achieving Rs 1 crore in annual recurring revenue (ARR), measured on a GMV basis. AJVC is a SEBI-registered pre-seed venture capital fund and has backed multiple early-stage startups across consumer, fintech, enterprise, and manufacturing-focused segments. Its portfolio includes companies such as Multibagg AI, Nuyug, Mithila Foods, Jaagruk Bharat, TruFides AI, Chop Finance, Gaadi Mech, and Iztri.

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