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Deep-tech hardware startup ThinkMetal raises $300K in a pre-seed round led by 100X.VC
IndianStartupNews
·
1y ago
Medial
Chennai-based deep-tech hardware startup ThinkMetal has raised $300,000 in a pre-seed funding round led by 100X.VC. The company plans to use the funds to enhance its compact metal 3D printer, aimed at revolutionizing the manufacturing of metal parts, making it faster, more efficient, and accessible to manufacturers. ThinkMetal offers a metal 3D printer that enables manufacturers to print fully functional metal parts in a few hours. The startup aims to simplify manufacturing by creating an integrated ecosystem of hardware and software solutions for end-to-end metal 3D printing.
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ThinkMetal raises $800K in pre-Series A round
Entrackr
·
6m ago
Medial
ThinkMetal raises $800K in pre-Series A round Deeptech startup ThinkMetal has raised $800,000 (about Rs 6.7 crore) in a pre-Series A funding round led by YourNest Venture Capital as part of the YourNest-SanchiConnect Velocity Program 2024, along with participation from Concept Communications and Sanchi Connect. Prior to this round, ThinkMetal raised $300,000 in a seed round led by 100X.VC, with participation from Concept Communications, SAT Industries, and investors such as KRS Jamwal and Uday Sodhi. The funds will be utilized to finalize production readiness, launch the first-generation product, enhance its software capabilities, refine its processes, and expand its team in key areas such as sales, operations, design, and software development, ThinkMetal said in a press release. Co-founded in 2021 by Sabyasachi Ghosh and Arushi Sharma, ThinkMetal is a deeptech startup enabling manufacturers to produce metal parts, claiming to be 10 times faster and at half the cost with their compact metal 3D printer, SistemT1, which leverages patented materials and processes. The company's FuseX material technology drastically cuts production time while reducing operational costs, making it the quickest and most efficient solution. According to the Chennai-based company, it addresses longstanding challenges in traditional tool manufacturing and low-volume production. SistemT1 helps manufacturers deliver parts such as moulds, dies, jigs, and fixtures in mere hours at half the cost. As per market research, the total tooling market in India is estimated at $5 billion, growing at a CAGR of 9%. ThinkMetal’s existing customers include Ants Ceramics, ZeQube Technologies, and Hosur CNC. The company’s go-to-market strategy focuses on urban medium-scale and small-scale manufacturers, leveraging paid pilots, experience centers, and on-demand services to drive adoption. Globally, Markforged, Desktop Metal, and EOS are prominent players in this industry.
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Breathe ESG raises Rs 2.6 core in funding led by 100X.VC
Economic Times
·
1y ago
Medial
Breathe ESG, a sustainability management SaaS startup, secured $315,000 in pre-seed funding led by 100X.VC. The investment, part of a pre-seed round, will be used to enhance product capabilities, expand offerings, and enter global markets. Breathe ESG, founded in July 2022, helps enterprises streamline sustainability efforts, making the transition to sustainable practices more accessible. The funding included participation from angel investors like Vipul Jain, Pradeep Lala, and Prashant Naik.
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Roopya serving lenders and LSPs raises Rs 5.09Cr led by 100X.VC
IndianStartupNews
·
1y ago
Medial
Gurugram-based startup Roopya has raised Rs 5.09 crore in a pre-seed funding round led by 100X.VC. The company plans to use the funds to develop its lending infrastructure and build a data infrastructure for lenders and loan service providers. Roopya offers analytics, infrastructure, and distribution solutions to help lenders and LSPs access risk analytics and state-of-the-art lending infrastructure. The company aims to promote financial inclusion in India.
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InfoEdge, Endiya lead early-stage rounds in tech startups; India IVF raises $1.25 mn
VCCircle
·
9m ago
Medial
Indian tech startups Nexstem, India IVF, and Pulse have announced successful early-stage funding rounds. Nexstem, a deep tech startup developing non-invasive brain computer interface solutions, raised $3.5 million in a funding round led by InfoEdge, with participation from Gruhas, Zupee, Smile Group, and other investors. AI-driven platform Pulse secured $1.4 million in seed funding led by Endiya Partners. Fertility platform India IVF raised $1.25 million in pre-Series A funding led by Tomorrow Capital. The funds will be used to expand operations, develop the platform, and bridge gaps in fertility care access.
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Mumbai-based Enrico Eyewear raises Rs 2.1Cr led by 100X.VC
IndianStartupNews
·
1y ago
Medial
Mumbai-based Enrico Eyewear has secured Rs 2.1 crore in a pre-seed funding round led by 100X.VC. The startup plans to utilize the funds for market expansion and educating customers about the importance of quality eyewear. Enrico Eyewear offers innovative eyewear products with features like blue light blockers, UV protectors, and scratch protectors. The global eyewear market, valued at approximately $115 billion, is poised for significant growth due to increasing awareness of UV dangers and a rising demand for fashionable eyewear.
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Same-day delivery service provider, Pikndel, raises $285K in pre-seed round led by 100X.VC
Startup News FYI
·
1y ago
Medial
Same-day delivery service platform Pikndel has secured $285K in a pre-seed funding round led by 100x.VC. The funding will help Pikndel revolutionize same-day deliveries in India and expand its presence across the country. Pikndel provides same-day delivery services for D2C and e-commerce brands, offering flexible delivery timelines and shared dark stores for product storage. The company aims to disrupt the logistics industry and optimize e-commerce operations. 100x.VC, the first institutional investor in Pikndel, believes the company is poised for rapid growth in the quick delivery space.
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60-minute clothes delivery app Slikk raises $300K
Entrackr
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11m ago
Medial
GenZ-focused 60-minute clothes delivery app Slikk has raised $300K in its pre-seed round led by Better Capital, with participation from Untitledxyz Ventures. The proceeds will be used to scale to over 100 brands, set up a large-format dark store, and expand delivery coverage to 70% of Bangalore’s pincodes, the company said in a press release. The startup also plans on expanding to other metropolitan cities in India, and broadening its offerings to include beauty, personal care, and home decor. Led by Akshay Gulati, Slikk delivers fresh styles daily, allowing users to explore the latest trends frequently. In order to stay up with the rapidly changing fashion industry, Slikk delivers the newest trends directly to its customers’ doorsteps, with new styles arriving weekly. Initially launching in Bengaluru, the platform will soon extend to other cities. According to market research, the Indian apparel market is expected to reach $105.50 billion by 2024, with the fast fashion segment growing from $9.90 billion in 2023 to $28.84 billion by 2030.
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Pehle Jaisa raises $300K in pre-Series A round
Entrackr
·
1m ago
Medial
Snippets Pehle Jaisa raises $300K in pre-Series A round Pehle Jaisa, a startup transforming waste into opportunity, has raised $300K in a pre-Series A funding round co-led by Pantnagar Capital and Climate Angels. The Gurugram-based company had previously raised $169K in a seed funding round. The proceeds will be utilized to scale its decentralized rural waste management model across Indian villages, Pehle Jaisa said in a press release. Co-founded in 2022 by Pankaj Pandey and Ehtesham Farooqui, Pehle Jaisa specializes in providing organic fertilizers to the agriculture industry, focusing on decentralizing organic fertilizer production by integrating with waste centers. The company aims to produce high-quality, competitive-priced organic fertilizers by eliminating the "first mile" cost in manufacturing. Pehle Jaisa states that it envisions a future where every village in India is self-reliant — generating its own gas, electricity, and fertilizers. By enabling local production, it aspires to create a truly circular rural economy that drives sustainability, resilience, and long-term prosperity at the grassroots level. Starting with soil conditioners and bio-stimulants, the company has a strong pipeline of customized organic-based fertilizers, tailored to crop type and regional soil requirements. In just eight months of launch, Pehle Jaisa claims to have sold over 500 MT of fertilizer in FY24, reflecting the growing demand for sustainable solutions. In FY25, the company scaled further, generating over Rs 2.5 crore in revenue by selling more than 1,500 MT of value-added fertilizers. The startup intends to surpass Rs 100 crore in revenue in the coming years.
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Alchemyst AI raises $300K in pre-seed round led by IPV and others
Entrackr
·
9m ago
Medial
Gen-AI SaaS startup Alchemyst AI has raised $300K in its pre-seed round led by Inflection Point Ventures and 100Unicorns and Early Seed Ventures. The proceeds will be used to enhance GPU (graphics processing unit) and technology infrastructure, support team development, scale operations, and drive growth. Founded in 2023 by Uttaran Nayak and Anuran Roy, Alchemyst AI develops digital employees to create intelligent functional components for mid-sized to large enterprises. The startup is about to expand across major global markets, including India, the USA, MENA (Middle East), and South East Asia even as the global market for Generative AI is expected to grow substantially to $330 billion by 2030. According to market research, the current market size of Gen-AI is estimated at $3 billion in India and $37 billion globally. This upward trajectory underscores the immense potential and demand for innovative solutions within the Generative AI industry, positioning startups like Alchemyst AI for substantial opportunities in the coming years.
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Battery-tech startup Dreamfly Innovations raises $300K raises from Rebalance, others
IndianStartupNews
·
1y ago
Medial
Bengaluru-based battery-tech startup Dreamfly Innovations has raised $300,000 in an angel round led by Rebalance Angel Community with participation from IIMA’s CIIE. The startup plans to use the funds for product commercialization and team expansion. Dreamfly offers high-performance, non-flammable, graphene-based battery solutions, with its flagship product, the Graphene Battery, aimed at revolutionizing the drone and aviation industry. The company's batteries also have potential applications in other sectors impacted by Industry 4.0.
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