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

EntrackrEntrackr · 4m 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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e-TRNL Energy raises Rs 27.4 Cr seed round led by IAN Group

EntrackrEntrackr · 28d ago
e-TRNL Energy raises Rs 27.4 Cr seed round led by IAN Group
Medial

e-TRNL Energy raises Rs 27.4 Cr seed round led by IAN Group Battery cell technology startup e-TRNL Energy has raised Rs 27.4 crore (around $3 million) in a seed funding round led by IAN Group through its IAN Alpha Fund. The round also saw participation from Navam Capital, Speciale Invest, and other investors. The proceeds will be used to complete product development, validate performance and safety, and demonstrate manufacturing capability in India. Founded in 2021 by Apoorv Shaligram and Dr. Uttam Kumar Sen, e-TRNL Energy is developing next-generation battery cell technology focused on redesigning core cell architecture and manufacturing processes. The startup has established a 20,000 sq. ft. R&D and early manufacturing facility in Bengaluru. It has been granted two patents and has filed additional patent applications. e-TRNL plans to set up a 250 MWh pilot manufacturing facility by 2027, with plans to scale to 2 GWh capacity later. Its first product will use LFP (Lithium Iron Phosphate) chemistry, with future development planned for LMFP and sodium-ion batteries.

Cancer care startup Oncare raises Rs 27 Cr in Series A round

EntrackrEntrackr · 17d ago
Cancer care startup Oncare raises Rs 27 Cr in Series A round
Medial

Cancer care startup Oncare has raised Rs 27 crore (around $4 million) in a Series A funding round led by Sky Impact Capital. The round also saw participation from Huddle Ventures, Lotus Herbal Group, SteerX, and Tremis Capital. Oncare had previously raised $1 million in its seed round led by Huddle Ventures and others. The proceeds will be used to expand into new metro markets as well as tier-II and tier-III cities. The firm will also invest in technology infrastructure to streamline clinical operations, strengthen care coordination, and improve patient experience. Founded in 2023 by Amar Sneh and Deepak Kumar, Oncare operates a distributed oncology care platform focused on affordable and standardized cancer treatment. The firm integrates medical, surgical, and radiation oncology services within accredited hospitals under a capital-efficient model. Oncare currently operates four centers across Delhi NCR. Funding deals in the oncology segment have picked up over the past few years. Recently, 4baseCare raised Rs 90 crore in a round led by Ashish Kacholia and Lashit Sanghvi. Last year, Everhope Oncology secured $10 million in seed funding, while MOC Cancer Care & Research Centre raised $18 million in a round led by Elevation Capital. Other funded startups in the segment include ErlySign, Oncare, and OneCell Diagnostics.

Exclusive: Newtrace to raise pre Series A funding led by HDFC Bank

EntrackrEntrackr · 16d ago
Exclusive: Newtrace to raise pre Series A funding led by HDFC Bank
Medial

Newtrace is set to raise Rs 28 crore (approximately $3.12 million) in a pre-Series A round from HDFC Bank and Japan-based Mitsui Sumitomo Insurance. Existing investors Aavishkaar Capital, Peak XV Partners, Speciale Invest, and Micelio Fund also participated in the new round. The board at Newtrace approved the issue of 2,541 pre-Series A CCCPS at an issue price of Rs 111,694 each to raise the funds, according to a filing with the Registrar of Companies (RoC). HDFC Bank will lead the new round with Rs 4.9 crore, followed by Peak XV, Aavishkaar Capital, and Mitsui Sumitomo Insurance, which will invest Rs 4.35 crore each. Speciale Invest, Micelio Technology Fund, and other existing investors will contribute the remaining amount. Newtrace's valuation post-money is estimated to be Rs 237 crore (approximately $26 million). The proceeds will be used for product development, expansion, infrastructure and delivery capabilities, and overall growth. Founded in 2021 by Prasanta Sarkar and Rochan Sinha, Newtrace develops cost-efficient electrolyzer technology for green hydrogen production. Prior to this round, Newtrace raised over $6.5 million, including a $5.65 million round in May 2023 led by Peak XV and Aavishkaar Capital. Speciale Invest will hold a 12.88% stake after the allotment of the new round, followed by Peak XV (12.88%), Micelio Technology Fund (11.65%), Aavishkaar Capital (5.80%), HDFC Bank (2.11%), and Mitsui Sumitomo (1.84%). For the fiscal year ended March 2025, Newtrace reported Rs 1.8 crore in operating revenue, with losses widening 73% to Rs 15.6 crore.

HomeRun raises Rs 60 Cr in Series A led by Sorin Investments

EntrackrEntrackr · 24d ago
HomeRun raises Rs 60 Cr in Series A led by Sorin Investments
Medial

HomeRun raises Rs 60 Cr in Series A led by Sorin Investments HomeRun, an on-demand platform for construction and interior materials, has raised Rs 60 crore (around $6.6 million) in a Series A funding round led by Sorin Investments, which invested Rs 40 crore. The remaining capital came primarily from Titan Capital Winners Fund, along with participation from Sparrow Capital, Consumer Collective by Atrium, and Helios Holdings. The round comes just three months after the Bengaluru-based startup raised Rs 9 crore in a seed funding round co-led by Titan Capital and Sparrow Capital in November last year. The fresh proceeds will be used to expand product categories, strengthen sourcing and supply-chain capabilities, scale dark-store infrastructure, invest in fulfillment technology, and enter new cities. Founded in 2024 by Pukhraj Grewal, HomeRun operates a quick commerce platform focused on construction and home-improvement materials. It delivers products such as cement, plywood, electricals, plumbing supplies, hardware, adhesives, and finishing materials within 60–90 minutes through a hyperlocal dark-store network. HomeRun serves homeowners and contractors, addressing supply disruptions, pricing opacity, and delays in procurement. It competes with traditional retailers and the likes of IBO and Material Depot.

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 · 1y 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.

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