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Clean-tech startup PadCare Labs raises $3 Mn led by Rainmatter

EntrackrEntrackr · 2d ago
Clean-tech startup PadCare Labs raises $3 Mn led by Rainmatter
Medial

Clean-tech startup PadCare Labs has raised $3 million in a pre-Series A funding round led by Rainmatter, with participation from 3one4 Capital, Brigade REAP, and PKRBCV Shroff Trust. Existing investors Lavni Ventures and 3i Partners also participated, along with debt support from EXIM Bank and ICICI Bank. The round includes a mix of equity and debt. The fresh capital will be used to scale its recycling capacity to 2,000 metric tonnes annually by March 2027, expand operations across Bengaluru and Delhi NCR, and strengthen leadership and core operational teams. Founded in 2018 by Ajinkya Dhariya, PadCare Labs operates in the sanitary waste recycling segment with a focus on building compliant and scalable recycling infrastructure. The startup currently operates across 24 cities in India, manages over 2,000 sites, and serves more than 685 enterprise, manufacturing, and residential clients. PadCare also plans to launch PadCare Orbit, a B2C app focused on sanitary waste management for housing societies, and expand its presence across the APAC region. PadCare has developed patented technology for recycling used sanitary waste and also operates Rebirth, a portfolio of recycled stationery and paper products. The firm claims to have reported being PAT positive for the last two years, with EBITDA margins of 26%.

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Naxatra Labs raises $3 Mn pre-Series A led by Rainmatter

EntrackrEntrackr · 1m ago
Naxatra Labs raises $3 Mn pre-Series A led by Rainmatter
Medial

Naxatra Labs raises $3 Mn pre-Series A led by Rainmatter Deeptech startup Naxatra Labs has raised $3 million in a pre-Series A funding round led by Rainmatter, with participation from a group of founders, operators, and angel investors. The round saw backing from Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (Ixigo), Anupam Jalote (iCEM), Narayan (Ather Energy), and others. The proceeds will be used to expand product lines, strengthen R&D, and scale manufacturing capacity. The firm plans to increase production to 50,000 motors per month while also growing its engineering and operations teams. Founded in Ahmedabad, Naxatra Labs designs and manufactures high-efficiency electric motors for electric vehicles and industrial use cases. The company builds motors end-to-end, covering electromagnetic design, validation, and manufacturing. It has spent over four years developing its R&D stack and has already moved several products from lab-stage development to commercial production. Naxatra is currently working with multiple domestic customers and is also supplying to export markets. Its motors are used across EV traction and industrial applications, positioning the company within India’s growing energy transition and manufacturing ecosystem.

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

EntrackrEntrackr · 5m 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.

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

EntrackrEntrackr · 6m 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.

LogicLadder raises $2.5 Mn in Series A round

EntrackrEntrackr · 1y ago
LogicLadder raises $2.5 Mn in Series A round
Medial

Climate-tech SaaS startup LogicLadder has raised $2.5 million in its Series A round led by Singapore and Vietnam-based BIG Capital and Zerodha’s Rainmatter. The firm is backed by investors including ONGC, Shell and IIM Lucknow EIC. The proceeds will be used to expand its global footprint in South Asia and North America. Founded in 2011, LogicLadder’s premium platform ‘The Sustainability Cloud’ is used by enterprises to manage ESG, account for Scope 1, 2 and 3 carbon emissions, meet environment compliance and generate sustainability reporting. According to LogicLadder, the software follows global standards like GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM and GRESB, among others. Additionally, its products – TSC Water, TSC Energy, and TSC Enviro, allow organisations to achieve efficiency-led decarbonisation and sustainability in water and generated waste. The firm claims to be working with over 1,000 customers such as NTPC, BHEL, PVR-INOX, Mother Dairy and others, along with 40 channel partners.

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.

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