🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Clean-tech startup ScrapUncle raises Rs 22 Cr in pre-Series A round

EntrackrEntrackr · 3d ago
Clean-tech startup ScrapUncle raises Rs 22 Cr in pre-Series A round
Medial

Clean-tech startup ScrapUncle raises Rs 22 Cr in pre-Series A round On-demand recycling platform ScrapUncle has raised Rs 22 crore (approximately $2.4 million) in a pre-Series A funding round co-led by Orios Venture Partners and Acumen Fund. The round also saw participation from Upaya Social Ventures, Venture Catalysts, We Founder Circle, Soonicorn Ventures, and angel investor Bharat Jaisinghani. The startup was also featured on Shark Tank India Season 2, where it had a deal with Amit Jain (Rs 60 lakh for 5% equity), and raised 3.2 crore in a seed funding round from multiple investors. The fresh capital will be used to deepen its presence across the Delhi NCR region, scale operations to achieve Rs 100 crore in annual recurring revenue, and lay the foundation for expanding the app to other metro cities, ScrapUncle said in a press release. Launched in 2019 by Mukul Chhabra, ScrapUncle is an on-demand recycling platform that enables households and enterprises to schedule doorstep pickups of e-waste, paper, metals, cartons, plastics, textiles, and even end-of-life vehicles, with a core focus on household collection. Users can schedule doorstep pickups via its app or website and get paid transparently. The Delhi-based startup operates a consumer app for waste collection, along with a proprietary technology stack covering digital tagging, logistics, traceability, and inventory management across the recycling supply chain. The startup follows a vertically integrated model that provides end-to-end control across the waste value chain. All material collected from households and enterprises is routed to its warehouses, which function like e-commerce fulfillment centres. The waste is segregated, processed, and sent to authorized recyclers, ensuring responsible recycling and full traceability. By maintaining control over collection infrastructure, ScrapUncle optimizes service quality while delivering stable and predictable earnings for collectors through structured training, safety standards, and dignified working conditions, modernizing a traditionally informal sector. ScrapUncle claims it has completed over 300,000 pickups, recycled more than 20 million kilograms of waste worth over Rs 45 crore, recorded close to 350,000 app downloads, and empowered nearly 200 informal workers. It competes with The Kabadiwala, RecycleBaba, and a few others.

Related News

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.

QuickShift raises Rs 22 Cr in pre-Series A round led by Atomic Capital

EntrackrEntrackr · 2m ago
QuickShift raises Rs 22 Cr in pre-Series A round led by Atomic Capital
Medial

QuickShift raises Rs 22 Cr in pre-Series A round led by Atomic Capital D2C and enterprise fulfillment startup QuickShift has raised Rs 22 crore (around $2.6 million) in a pre-Series A funding round led by Atomic Capital, with participation from Axilor Ventures and other investors. The funds will be used to enhance its AI-led fulfillment platform, expand operations across North and South India, and strengthen its omni-channel programs and leadership team. Founded by Anshul Goenka, QuickShift provides a plug-and-play fulfillment and supply chain platform that integrates technology, infrastructure, and logistics services to offer real-time visibility and control over inventory and orders. The firm claims to have achieved 100% annual recurring revenue growth between September 2024 and September 2025. QuickShift currently manages three lakh B2C shipments, seven lakh marketplace orders, and 5,000 quick commerce replenishments monthly. It serves over 100 D2C and enterprise brands across seven fulfillment centers covering 29,000 pincodes. It also plans to expand to NCR, Mumbai, Bangalore, and Kolkata, with new centers coming up in Hyderabad, Chennai, Ahmedabad, Lucknow, and Indore. QuickShift’s platform integrates with Amazon, Flipkart, Meesho, Blinkit, Zepto, Swiggy, JioMart, and BigBasket, enabling unified fulfillment across online and offline channels.

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

EntrackrEntrackr · 5m 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.

Climate tech startup Aurassure raises Rs 25 Cr in pre-Series A

EntrackrEntrackr · 1m ago
Climate tech startup Aurassure raises Rs 25 Cr in pre-Series A
Medial

Snippets Climate tech startup Aurassure raises Rs 25 Cr in pre-Series A Climate tech startup Aurassure has raised Rs 25 crore (around $3 million) in a pre-Series A funding round led by Rainmatter, the investment arm of Zerodha, and Unicorn India Ventures. Maithan Alloys Limited also participated in the round. Founded in 2022 by Akanksha Priyadarshini, Aurassure operates a climate intelligence platform that provides real-time, hyperlocal environmental risk data for enterprises and public-sector users. Its platform combines data from street-level sensors, satellite inputs and AI-based models to track parameters such as air quality, heat stress, rainfall, flooding and wind patterns. The proceeds will be used to expand internationally, invest in product development, and scale its hardware manufacturing capabilities. The firm said it will focus on markets across Latin America, South Asia and Africa, where climate volatility is high and reliable environmental data is limited. Over the past year, Aurassure has set up a wholly owned subsidiary in Brazil and rolled out deployments across more than 100 cities in the country. It has also initiated pilot projects in Bangladesh. In India, the startup claims to be present across 200 cities with a network of over 2,000 sensors. According to Aurassure, revenues have grown 150% year-on-year since its last funding round in 2023, with enterprise customers across sectors such as construction, insurance, healthcare, industrial operations and infrastructure. Aurassure plans to expand its sensor network, onboard new enterprise clients and scale its climate analytics platform. The startup is targeting deployments in 1,000 cities over the next three years.

IAN Group backs Chargeup in Rs 22 Cr funding round

EntrackrEntrackr · 9d ago
IAN Group backs Chargeup in Rs 22 Cr funding round
Medial

IAN Group backs Chargeup in Rs 22 Cr funding round EV-focused mobility startup Chargeup has raised Rs 22 crore ($2.4 million) in a funding round backed by IAN Group, along with Cap-A and existing investors. The new round came after a gap of four years. This is the third funding round for the Delhi-based startup. In November 2022, the firm had raised $7 million in a pre-Series A1 round led by Capital-A and Anicut Capital. In the same year, it raised $2.3 million in its pre-Series A round led by Capital-A and co-led by Anicut Capital. The proceeds will be used to expand into high-demand EV markets, strengthen its technology platform for drivers and lenders, and scale operations across regions with rising electric three-wheeler adoption. Founded in 2019 by Varun Goenka and Satish Mittal, Chargeup is building a driver-first EV technology platform focused on last-mile drivers. The platform addresses challenges such as high financing costs, battery-related downtime, and income loss, which significantly impact earnings for EV three-wheeler drivers. Chargeup integrates IoT and data-led tools to reduce lending risk for NBFCs while improving earning stability, vehicle utilization, and resale value for drivers. The platform connects drivers, OEMs, dealers, and lenders within a single system. The startup has onboarded over 10,000 EV drivers and plans to add another 20,000 drivers by FY27. It operates in a market estimated at $12 billion, driven by increasing adoption of electric three-wheelers across logistics and passenger mobility.

ProcMart raises Rs 25 Cr in pre-Series B round

EntrackrEntrackr · 1y ago
ProcMart raises Rs 25 Cr in pre-Series B round
Medial

Business-to-business procurement marketplace ProcMart has raised Rs 25 crore ($3 million) in its pre-Series B round from Sixth Sense Ventures India. The board at ProcMart has issued 5,933 pre-series B CCPS at an issue price of Rs 42,127 each to raise Rs 25 crore, its regulatory filing soured from the RoC shows. Previously, the startup had raised $10 million in its Series A round led by Sixth Sense Ventures in November 2022. Following the fresh proceeds, Sixth Sense became the largest external stakeholder with 30% stake in ProcMart while its founder and chief executive officer Anish Popli will command 41.76% of the company. As per the startup data intelligence platform TheKredible, the latest capital injection has been done at a valuation, which is Rs 275 crore. Founded in 2015 by Anish Popli, the IndiaMART-backed startup provides supply chain solutions and infrastructure to businesses including services such as purchase order management, contract administration, master data management, e-catalogue management and market intelligence. ProcMart’s clients include Colgate, Mondelez, Harman, and Vedanta. It has 13 offices in India and one in Malaysia. The company also launched white-label in 2022 to provide construction equipment. The Noida-based company recently announced a strategic collaboration with local vendors in the biomass briquettes and pellets manufacturing sector. It competes with Lightspeed Ventures-backed Udaan in the B2B supply chain space.

Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round
Medial

Sportstech startup Stupa Sports Analytics has raised Rs 28 crore in its pre-Series A round led by Centre Court Capital and PeerCapital. Earlier to this pre-Series A round, Stupa had raised Rs 7.5 crore in seed and pre-seed funding. The proceeds will be used to fuel its talent acquisition, global expansion, and product enhancement initiatives. The latest fund pool will also be deployed to attract top AI/ML and engineering talent to build advanced solutions. The fund will also power Stupa’s ambitions to expand globally into markets like the US, UK, Australia, and the Middle East while expanding its existing presence in regions like Europe and Asia. Founded by Megha Gambhir, Stupa Sports Analytics offers a comprehensive suite of AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitization tools for athletes, sports federations, broadcasters and fan communities worldwide. Stupa claims to have established over 15 strategic partnerships with key governing bodies and sports federations, primarily in Europe.

Download the medial app to read full posts, comements and news.