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Clean-tech startup HYLENR raises $3 Mn in pre-Series A round

EntrackrEntrackr · 22d ago
Clean-tech startup HYLENR raises $3 Mn in pre-Series A round
Medial

Clean-tech startup HYLENR raises $3 Mn in pre-Series A round HYLENR, a clean energy startup harnessing patented Low Energy Nuclear Reactions (LENR) to develop scalable, carbon-free heat energy systems for industrial heat and power, has raised $3 million in pre-Series A funding round co-led by Valour Capital and Gyan Vardhan. Clean energy startup HYLENR has raised $3 million in a pre-Series A funding round co-led by Valour Capital and Chhattisgarh Investments Limited, with participation from other investors such as Karthik Sundar Iyer and Anant Sarda. The proceeds will be used to enable it to fast-track from pilot to market launch and signaling growing investor confidence in LENR as a viable alternative to fossil fuels, HYLENR said in a press release. Launched in 2024, HYLENR Technologies is a next-generation energy startup, and its proprietary LENR-based hybrid heat systems aim to revolutionize thermal energy generation across industries such as manufacturing, oil & gas, district heating, and clean water desalination. According to the company, LENR is now protected by two patents, one for the product architecture, and another for the underlying process innovation. “Our recent lab results show unprecedented energy gain ratios, and this round gives us the momentum to focus on our product roadmap. We have begun early proof-of-concept tests, with several government bodies and large corporations showing interest in our LENR systems. The next phase will focus on scaling manufacturing and expanding globally,” said Siddhartha Durairajan, chairman and managing director of HYLENR. HYLENR says that its pilot projects are already underway with leading government institutions and industrial players, aimed at replacing conventional fossil-based systems with sustainable, next-generation alternatives. The company’s product pipeline includes products ranging from 7.2KW for domestic consumption all the way to 1MW for large-scale industrial applications.

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DrinkPrime raises $3 Mn from SIDBI Ventures

EntrackrEntrackr · 1y ago
DrinkPrime raises $3 Mn from SIDBI Ventures
Medial

DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised $3 million from SIDBI Venture Capital Ltd. (SVCL), an investment management company and a wholly owned subsidiary of SIDBI. The Bengaluru-based startup had raised Rs 60 crore ($7.5 million) in a mix of equity and debt round led by Omidyar Network India, others in July 2022. Prior to that, it raised around Rs 21 crore in its pre-series A round led by Peak XV’s Surge in August 2021. Founded in 2016 by Vijender Reddy and Manas Ranjan Hota, DrinkPrime works towards enabling access to clean drinking water with Internet-of-Things (IoT)-enabled customised water purifiers on subscription to users. DrinkPrime currently provides clean drinking water access to over 2 lakh families across seven cities in India. With further expansion plans, DrinkPrime is also gearing up for its Series B fundraise. According to startup data intelligence platform, TheKredible, DrinkPrime reported an operating revenue of Rs 28.94 crore with a loss of Rs 27 crore in FY23. In the subscription model, DrinkPrime competes with Livpure, Acquaguard and ZunPure.

Clean-tech startup Wastelink raises $3 Mn led by Avaana Capital

EntrackrEntrackr · 3d ago
Clean-tech startup Wastelink raises $3 Mn led by Avaana Capital
Medial

Clean-tech startup Wastelink raises $3 Mn led by Avaana Capital. Business-to-business (B2B) food upcycling startup Wastelink has raised Rs 27 crore (around $3 million) in a Series A funding round led by early-stage investment firm Avaana Capital. The Delhi-based company had earlier raised $2.3 million from Indigram Labs and others. The fresh funds will be used to enhance its tech stack and expand into new categories, Wastelink said in a press release. Founded in 2018 by Saket Dave and Krishnan Kasturirangan, Wastelink transforms surplus and waste food from manufacturers and retailers into nutritional animal feed ingredients. Its proprietary feed product, ECOMIX, is supplied to animal feed companies as a raw material. The startup has also developed an AI-powered reverse supply chain tracking system that provides food companies visibility into the usage of their waste and packaging, while also offering transparency to animal feed companies on raw material processing. Wastelink claims to serve more than 5,000 pincodes across India, having upcycled over 35,000 tonnes of FMCG surplus into feed ingredients, catering to about 38,500 animals annually. According to market research, the global upcycled food market is projected to reach $119.8 billion by 2034. Wastelink competes with players such as Sea6 Energy and Krimanshi.

ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia

EntrackrEntrackr · 7m ago
ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia
Medial

ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia Healthtech startup ErlySign has raised Rs 16 crore ($1.8 million) in its pre-Series A round from Ashish Kacholia. The proceeds will be used in clinical trials, securing CDSCO (Central Drugs Standard Control Organisation) approvals, and bringing ErlySign’s oral cancer detection kit to market. Founded in 2019 by Shubhendra Singh Thakur and Deovrat Begde, ErlySign develops solutions for early detection of oral cancer. The startup also claims to offer India’s first salivary biomarker-based test which can identify pre-cancerous conditions much before visible symptoms emerge. Looking ahead, ErlySign plans to use CRISPR miRNA-based testing technology to detect multiple types of cancer using the same saliva sample within 15–20 minutes.

Space-tech startup Omspace raises $3 Mn in pre-seed round

EntrackrEntrackr · 1m ago
Space-tech startup Omspace raises $3 Mn in pre-seed round
Medial

Snippets Space-tech startup Omspace raises $3 Mn in pre-seed round Omspace Rocket and Exploration, an Indian space-tech startup incubated at CrAdLE (Centre for Advancing & Launching Enterprises), has raised $3 million in a pre-seed funding round from a Family Office and an Angel Investor. The proceeds will be utilized to finalize and begin test launches of the Infinity One prototype, expand its research & development team, and hire specialized talent to strengthen manufacturing infrastructure and ground systems, Omspace said in a press release. Co-founded in 2020 by Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, Omspace's flagship innovation, Infinity One, aims to deliver payloads of approximately 350 kg to altitudes of up to 800 km. With an emphasis on fuel efficiency and cost-effectiveness, the launch system seeks to offer a reliable launch solution for India’s growing space-tech sector. The Ahmedabad-based startup plans to improve access to space by developing reusable launch vehicles for small and nano satellites. It seeks to make space exploration more accessible for emerging markets. “This funding is a major milestone in our mission to democratize access to space from India. We are deeply thankful to CrAdLE and EDII for believing in our vision and enabling us with the resources, mentorship, and environment to take bold leaps,” said Mistry. Omspace claims that it has recently expanded its international presence through its UAE branch, OSRE FZC, with a first commercial launch planned for January 2028.

Fabrication Bazar raises $3 Mn in pre-Series A

EntrackrEntrackr · 1y ago
Fabrication Bazar raises $3 Mn in pre-Series A
Medial

Ben & Gaws Private Limited, which runs the manufacturing tech startup Fabrication Bazar, has raised $3 million in its pre-Series A round led by Physis Capital. The round also saw participation from Japan based Venture Capital ICMG and existing investor Inflection Point Ventures. The proceeds, which includes part debt, will be used for further enhancing the tech platform to support the growing scale of the firm, ramping up geographic presence to regions outside India especially GCC and SE Asia markets, and for leadership team hiring. Founded by Dwaipayan Dutta, Fabrication Bazar is an asset-light tech enabled manufacturing platform for industrial steel products catering to over 400 clients across sectors. With its proprietary manufacturing tech driven process, the brand works with nearly 330 fabrication vendors across India to improve production efficiency and reduce delivery time by splitting products into multiple parts and processing them simultaneously. Fabrication Bazar claims to have grown across its operations in the last 12 months including the vendor network and client base in India. It has also been onboarded as a qualified vendor by some of the largest companies in GCC, and is establishing a vendor base in Vietnam to cater demand from the SEA region.

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