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Dashamlabs raises Rs 12 Cr in seed round led by Speciale Invest

EntrackrEntrackr · 2d ago
Dashamlabs raises Rs 12 Cr in seed round led by Speciale Invest
Medial

Snippets Dashamlabs raises Rs 12 Cr in seed round led by Speciale Invest Co-founded in 2024 by Ankit Jhanwar, Apoorv Balwani, and Devakar Dhingra, Dashamlabs is a deep-tech materials company manufacturing silica-aerogel-based flexible sheets and insulation materials. Dashamlabs, a materials science company pioneering high-performance silica aerogel insulation materials, has raised Rs 12 crore in a seed funding round led by Speciale Invest, with participation from IIMA Ventures. The proceeds will be used to expand its R&D and production capacity, build pilot systems and collaborate with partners across oil & gas, EVs, defense, and construction to validate and scale its aerogel products, Dashamlabs said in a press release. According to the Delhi-based startup, its proprietary technology enables the production of flexible silica aerogel sheets with ultra-low thermal conductivity, high-temperature stability (from -150°C to 1000°C), hydrophobicity, and fire resistance. The company focuses on optimizing ethanol-based supercritical drying while advancing toward ambient-pressure drying for scalable and cost-efficient mass production. “We’re on a mission to make energy-efficient materials accessible across industries. By scaling advanced aerogels made in India, we aim to enable cleaner, safer, and more efficient technologies globally,” said Ankit Jhanwar, co-founder & CEO of Dashamlabs.

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Luggage brand EUME raises Rs 15 Cr in new round

EntrackrEntrackr · 1y ago
Luggage brand EUME raises Rs 15 Cr in new round
Medial

EUME, a sustainable and eco-conscious luggage brand, has raised Rs 15 crore ($1.7 million) in a new round led by Ashish Kacholia. This is the second funding raised by the Mumbai-based startup. In February last year, EUME had raised an undisclosed amount from Mumbai Angels. The proceeds will be used to ramp up operations, expand the team, drive innovation, build an offline retail presence, invest in technology and enhance brand awareness. Founded by Naina Parek, the startup offers a diverse product portfolio, which includes luggage, backpacks, vegan handbags, and accessories, among others. Last year, EUME claimed to have clocked a monthly run-rate of Rs 1.8 crore.It targets a revenue of Rs 65-70 crore by the end of FY25. Its sales are split evenly between its own website and marketplaces. The startup also plans to launch its flagship store in Mumbai this year. Earlier this year, luggage brand Mokobara raised $12 million in a Series B funding round led by Peak XV Partners. Besides Mokobara, EUME also competes with Assembly and Uppercase.

Allo Health raises Rs 16 Cr in pre-Series A round

EntrackrEntrackr · 7m ago
Allo Health raises Rs 16 Cr in pre-Series A round
Medial

Allo Health raises Rs 16 Cr in pre-Series A round Sexual health startup Allo Health has raised Rs 16 crore ($1.83 million) in its pre-Series A round led by Rainmatter along with existing investors. Prior to this round, Allo had raised $4.4 million in seed funding led by Nexus Venture Partners, with participation from founders and operators, including Binny Bansal (Flipkart), Deepinder Goyal (Zomato), Rohit MA (Cloudnine), and Sandeep Singhal (Nexus). The proceeds will be used to ramp up clinic densification, invest in deeper technology capabilities, and enhance patient engagement as Allo continues to scale. Founded by Pranay Jivrajka, Allo has built a hybrid ecosystem that combines physical clinics, AI-powered treatment protocols, and trained medical professionals. Allo’s proprietary doctor training programs, AI-powered clinical decision support, and research-backed treatment helps it manage effectively. Since its inception, Allo claims to have treated over 200,000 patients across India, achieving a 85% improvement in patient outcomes, with over 35 clinics across major cities, including Bangalore, Mumbai, Pune, Hyderabad, Chennai, Mysore, and Ranchi.

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

EntrackrEntrackr · 4m 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.

Mindgrove raises $8 Mn in Series A funding round

EntrackrEntrackr · 9m ago
Mindgrove raises $8 Mn in Series A funding round
Medial

Mindgrove Technologies, a fabless semiconductor design startup, has raised $8 million in a Series A funding round co-led by Rocketship.vc and Speciale Invest. The round also witnessed participation from Mela Ventures and existing investors Peak XV Partners, Nishchay Goel, Whiteboard Capital, and Anshul Goel. The Chennai-based startup had previously secured $2.325 million in seed funding from Peak XV Partners (formerly Sequoia Capital India & SEA), Speciale Invest, and Whiteboard Capital back in early 2023. The proceeds will be utilized to expand its workforce, enhance its in-house engineering capabilities, and accelerate production and sales of the first chip, Mindgrove said in a press release. Co-founded in 2021 by Sharan Jagathrakshakan and T.R. Shashwath, Mindgrove is incubated by IITM Pravartak Technologies Foundation and IIT Madras Incubation Cell. The company designs high-performance SoCs with advanced features at competitive prices for the Indian and global markets. According to Mindgrove, it has launched “Secure IoT,” a commercial-grade high-performance microcontroller SoC (System-on-Chip) taped out at 28nm. Designed for electronic devices that are transforming into “smart” connected devices like watches, meters, locks, and access control units, as well as for powering devices like printers and PoS machines. The chip is on schedule to reach the market by mid-2025. Mindgrove has received approval under the Government of India's Semiconductor Design Linked Incentive (DLI) scheme, amounting to Rs 15 crore, for developing a new chip, “Vision SoC,” meant for high-performance edge computing and vision processing applications — CCTV cameras, dashcams, video recorders, ADAS, smart TVs, and more.

Bower raises Rs 11.5 Cr in seed round

EntrackrEntrackr · 6m ago
Bower raises Rs 11.5 Cr in seed round
Medial

Bower raises Rs 11.5 Cr in seed round Bower School of Entrepreneurship has raised Rs 11.5 crore ($1.33 million) in seed funding from High-Net-Worth Individuals (HNIs) and Astir Ventures. The proceeds will be used to support the development of an AI-powered course builder platform, new partnerships with industry players, and physical campuses in Southeast Asia, the Middle East, Europe, and the USA. Bower plans to impact over 15,000 students and reach Rs 15 crore in revenue across all verticals by FY26. The institution reported Rs 1.5 crore in revenue for the fourth quarter of FY25. Founded by Pavan Allena, Bower offers entrepreneurship programs for students and professionals. These include Bower SEED for K-12 students, Bower LEAD for working professionals, and the upcoming Bower UG undergraduate program starting in August 2025. So far, Bower has worked with over 5,000 students, registered 1.5 crore in bookings within three months of launch, and operates with 27 team members and 63 faculty. The executive program, Bower LEAD, will run four cohorts in 2025 with up to 150 participants expected.

Morphing Machines raises $2.76 Mn in seed round

EntrackrEntrackr · 1y ago
Morphing Machines raises $2.76 Mn in seed round
Medial

Fabless semiconductor startup Morphing Machines has raised $2.76 million in its seed round led by Speciale Invest, a seed stage VC investing in deep technologies. The round also saw participation from IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC. The proceeds will be used to ramp up product development and prototyping, expand the engineering team, and support go-to-market initiatives, the company said in a press release. Supported by the Ministry of Electronics & Information Technology (MeitY) under the Design Linked Incentive Scheme (DLI) and Chips2Startup (C2S) schemes, Morphing Machines is developing REDEFINE, a many-core processor Soft IP. This processor can handle various applications like data analysis, artificial intelligence, telecommunications, and high-performance computing. By combining functions typically managed by different types of processors, Morphing offers customers better performance and energy efficiency, while also reducing the time and cost needed to bring products to market. Currently, Morphing Machines has a team of over 20 members and is expanding to over 40 members to support design, verification, emulation, and tape-out processes.

Assistive technology startup Social Hardware raises Rs 3.2 Cr

EntrackrEntrackr · 1y ago
Assistive technology startup Social Hardware raises Rs 3.2 Cr
Medial

Social Hardware, an innovation startup that designs and develops assistive devices, bionics, and field robotics, has raised Rs 3.2 crore in its seed round led by Inflection Point Ventures. Ivyleague Ventures and Soonicorn Ventures have also participated in the round. The proceeds will be used towards growth and go-to-market (GTM) initiatives, building a strong marketing and sales team, establishing an advanced R&D facility, expanding in-house manufacturing capabilities, and strengthening R&D efforts. Co-founded by Abhit Kumar, Cameron Norris, and Raghavendran Arunachalam, Social Hardware specializes in teleoperated robotic systems designed for hazardous operations. The firm serves manufacturing, infrastructure, defense, and aerospace industries, delivering innovative solutions that enhance safety and operational efficiency in challenging environments. The startup operates with a team of 17 across two locations in Bengaluru, including a corporate office in Hebbal and an R&D facility in Rajajinagar. Currently, Social Hardware has a production capacity of 12 units for FY 2024-25, which is set to triple to 36 units by FY26, aiming for a revenue capacity of Rs 24.76 crore.

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