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Transition VC leads $1.7 Mn round in Dynolt Technologies

EntrackrEntrackr · 5m ago
Transition VC leads $1.7 Mn round in Dynolt Technologies
Medial

Transition VC leads $1.7 Mn round in Dynolt Technologies Deeptech startup Dynolt Technologies has raised $1.7 million in its seed round led by Transition VC. Marquee angel investor Yashowardhan Shah also participated in the round. The proceeds will be used to expand its footprint in mobility through higher power chargers with wide bandgap semiconductors for fast charging stations. It also plans to enter new sectors like solar and hydrogen with its solutions for high frequency inverters and DC-DC converters application. Founded in 2022 by Rajesh Sura and Teja Kumar, Dynolt develops power electronics solutions for clean energy sectors such as e-mobility, energy storage, renewables, and hydrogen. In the e-mobility space, Dynolt claims to have deployed more than 14,000 power converters across the country which have collectively surpassed more than 30 million charging cycles. It enables efficient control of the power converters using embedded software and makes Dynolt’s products scalable and reusable across various domains expediting product development cycles. The Bengaluru-based startup’s clients include EMO Energy, Sandhar, Bounce, International Battery Company, Numeros Motors, Yulu, Yuma Energy, and River, which have adopted the company’s solutions at scale. The firm’s current product line includes power converters for on-board/off-board chargers for two- and three-wheeler EVs and swapping stations.

CURRYiT raises Rs 4.5 Cr in seed round

EntrackrEntrackr · 11m ago
CURRYiT raises Rs 4.5 Cr in seed round
Medial

Cooking paste brand CURRYiT has secured Rs 4.5 crore in a seed round co-led by RK Family Trust, Tangent Advisors, and Freeflow Ventures along with participation from Ramesh Damani, Ajaya Jain, and others. CURRYiT had previously raised $139K co-led by RPSG Capital Ventures, IIMU, and others back in 2021. The fresh proceeds will be allocated towards scaling up operations, enhancing brand marketing efforts, and strengthening their distribution channels. According to market research, the Indian ready to cook and spices market is likely to grow at a compounded annual growth (CAGR) of 15.7%. Co-founded in 2020 by Richa Sharma and Nischal Kandula, CURRYIT stamps out the challenges of chemicals, preservatives, dehydrated vegetables and palm oil. It offers a range of cooking pastes including curry pastes such as Kashmiri rogan josh, butter masala, biryani pastes, ginger garlic paste, tomato purees, instant tadka, etc. The Delhi-based company claims to have served more than 25,000 pincodes per day and witnessed over 50% M-o-M growth on Q-commerce platforms. The brand aims to quadruple its monthly revenue in the next 6 months.

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC

EntrackrEntrackr · 1m ago
Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC
Medial

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC Sneaker brand Gully Labs has raised Rs 8.7 crore in a seed funding round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The equity round was led by Zeropearl VC along with participation from Untitled Ventures, Atrium Ventures, and other prominent angel investors including Bounce co-founder & CEO Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Renee Cosmetics founder Ashutosh Valani, Anurag Ramadasan, and Rahul Seth, while Stride Ventures led the debt investment. Prior to this, the company had secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores, Gully Labs said in a press release. Co-founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs crafts handmade sneakers, blending premium materials with culturally rich design stories — from Phulkari-embroidered trainers to Onam-inspired silhouettes. Gully Labs sells its products through its website and in select partner stores across Indian metros. The company plans to build a larger production facility, broaden its product line across diverse sneaker styles, and deepen its reach across India and global markets. It also plans to launch exclusive retail outlets as part of its omni-channel strategy.

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