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Intrinsic Foundries raises Rs 12 Cr in seed round led by Transition VC

EntrackrEntrackr · 4d ago
Intrinsic Foundries raises Rs 12 Cr in seed round led by Transition VC
Medial

Intrinsic Foundries, a carbon-to-value biomanufacturing platform, has raised Rs 12 crore (approximately $1.4 million) in a Seed funding round led by Transition VC. The proceeds will be deployed to execute industrial pilots, expand research, file IPs, scale engineering and commercial teams, strengthen manufacturing capabilities, and establish its US entity to support global market development, Intrinsic Foundries said in a press release. Launched in 2023 by Shreyansh Jain, Sanjay Jain, and Umang Jain, Intrinsic Foundries is a carbon-to-value biomanufacturing platform that converts industrial emissions, effluents, and residues into premium biochemicals using proprietary microbial biorefinery systems, modular photobioreactors, and integrated automation. The company enables scalable, revenue-positive decarbonization while supplying sustainable ingredients and materials across multiple global industries. The Hazaribagh-based startup leverages biological systems to convert captured carbon into high-value biochemicals used across food, pharmaceutical, nutraceutical, cosmetic, agricultural, and advanced material industries, transforming emissions into essential product inputs and new revenue streams. According to Intrinsic Foundries, it has developed a carbon biorefinery platform built on proprietary photobioreactor cultivation systems with integrated Factory 4.0 automation. Its first area of focus is microalgae-based biorefinery for industrial carbon emissions, while it continues to develop other microbial biorefineries including yeast-based systems. Intrinsic claims to have completed a Proof of Concept at a thermal power plant last year, demonstrating extended continuous capture with operational reliability. It is advancing commercial engagement across cement, steel, pharmaceuticals, nutraceuticals, and food systems through partnerships with industrial groups. Over the next 12–24 months, the company plans to commission multiple industrial pilots and operationalize its first one-ton-per-day commercial plant. It aims to establish carbon-to-value biomanufacturing infrastructure as a foundational layer of global industrial decarbonization. The company seeks to demonstrate that emissions can power sustainable supply chains while delivering measurable economic return.

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

EntrackrEntrackr · 8m 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.

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.

GreenTech raises Rs 30 Cr led by Transition VC

EntrackrEntrackr · 1m ago
GreenTech raises Rs 30 Cr led by Transition VC
Medial

GreenTech, a tech-driven operations & maintenance company specializing in wind turbine asset management, has raised Rs 30 crore in its first funding round led by Transition VC. The funds will be used to expand global infrastructure, upgrade predictive maintenance platforms, SCADA analytics platforms, and enhance business development in India and international markets. Launched in 2018 by Daniel Raj, GreenTech provides comprehensive O&M and asset management solutions for wind turbine fleets, including predictive and preventive maintenance, SCADA modernization, and crane-less major component replacement. The company operates in major wind states in India and has a growing presence in Southeast Asia. Based in Coimbatore, GreenTech plans to expand its repair and refurbishment facility and scale its predictive maintenance algorithms using AI and machine learning. The company targets significant revenue growth over the next 24 months. GreenTech manages multi-brand wind assets and supports customers across India and Asia, including Vietnam and Sri Lanka, while venturing into other markets in Southeast Asia and MENA regions. Its supply chain includes over 100 suppliers, 20 repair loops, and more than 7 major component partners.

Bower raises Rs 11.5 Cr in seed round

EntrackrEntrackr · 10m 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.

Transition VC closes Fund I at Rs 700 Cr

EntrackrEntrackr · 2m ago
Transition VC closes Fund I at Rs 700 Cr
Medial

Transition VC has announced the final close of its debut fund at Rs 700 crore (approximately $77 million), overshooting its initial target of Rs 400 crore. The fund is backed by a community of institutional investors, corporates, family offices, strategic partners, and industry leaders. According to Transition VC, this LP network gives the firm a meaningful edge, strengthening thesis development, sharpening its ability to identify emerging trends early, and deepening the quality of deal flow. For founders, this LP network acts as a real commercial accelerator by converting pilots into purchase orders, opening doors to domestic and global markets, and directly shaping adoption pathways. Transition VC plans to invest at the post-product, pre-PMF stage, while strategically constructing a portfolio in which companies are complementary rather than competitive. By doing so, the firm enables founders to share insights, supply chains, and talent across the portfolio. To date, Transition VC claims to have supported 17 startups through Fund I, targeting a final portfolio of up to 25 companies. The firm has backed companies such as CIMware, Comminent, Matel, EMO, Hydgen, Dynolt, and Promethean. It says that more than half of the fund has been committed, and the firm is looking to deploy the remaining capital into founders building high-conviction solutions across the energy transition spectrum. Co-founded by Raiyaan Shingati and Mohammed Shoeb Al, Transition VC is an energy-transition-focused venture capital fund that invests early, catalytic capital into the future of energy in India, backing engineering-led companies building the infrastructure for the transition via electrification, energy storage, industrial decarbonisation, alternate fuels, and next-generation manufacturing.

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.

Terafac raises Rs 6.5 Cr in pre-seed round led by Inuka Capital

EntrackrEntrackr · 6m ago
Terafac raises Rs 6.5 Cr in pre-seed round led by Inuka Capital
Medial

Terafac raises Rs 6.5 Cr in pre-seed round led by Inuka Capital Chandigarh-based AI-robotics startup Terafac has raised Rs 6.5 crore ($800K) in a pre-seed round led by Inuka Capital. Other investors include DEVC, Bharat Founders Fund, Innovation Mission Punjab, and select angels. The proceeds will be used for product innovation, market expansion, and hiring. Founded by Anubhi Khandelwal and Amrit Singh, Terafac has developed an AI-Vision platform that converts standard industrial robots into intelligent, self-adjusting machines. Its first product, WeldT, automates welding using computer vision to handle high product variations. The startup plans to expand its solution across tasks like gluing, painting, and inspection. Terafac operates on a "Software-as-a-Skill" model and targets 80 deployments across 20 customers in the next year. Its business model revolves around providing AI-based manufacturing automation tools to OEMs and factories, aiming to reach Rs 8 crore in ARR by FY26.

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