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Machaxi raises $1.5 Mn from Rainmatter, Prakash Padukone, others

EntrackrEntrackr · 8m ago
Machaxi raises $1.5 Mn from Rainmatter, Prakash Padukone, others
Medial

Machaxi, a Bengaluru-based sports-tech startup focused on grassroots coaching and digital sports infrastructure, has raised $1.5 million in a funding round led by Rainmatter, the investment arm of Zerodha, with participation from badminton legend Prakash Padukone and existing investors. The proceeds will support Machaxi’s expansion into Hyderabad, Pune, and Chennai, and accelerate the development of its AI-powered coaching platform aimed at standardizing badminton training across India. Founded in 2022 by Pratish Raj and Ankit Raj, Machaxi offers training programs that ensure consistent, high-quality coaching regardless of geography. The firm currently operates centres in Bengaluru and aims to expand its reach nationwide, catering to first-time players as well as aspiring professional athletes. As part of its expansion strategy, Machaxi has partnered with the Padukone School of Badminton to launch the “Machaxi x Padukone School of Badminton” program, which aims to set up more than 1,000 coaching centres over the next four years. The system will assist with performance tracking and scalability, complementing human coaching rather than replacing it.

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Naxatra Labs raises $3 Mn pre-Series A led by Rainmatter

EntrackrEntrackr · 2m ago
Naxatra Labs raises $3 Mn pre-Series A led by Rainmatter
Medial

Naxatra Labs raises $3 Mn pre-Series A led by Rainmatter Deeptech startup Naxatra Labs has raised $3 million in a pre-Series A funding round led by Rainmatter, with participation from a group of founders, operators, and angel investors. The round saw backing from Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (Ixigo), Anupam Jalote (iCEM), Narayan (Ather Energy), and others. The proceeds will be used to expand product lines, strengthen R&D, and scale manufacturing capacity. The firm plans to increase production to 50,000 motors per month while also growing its engineering and operations teams. Founded in Ahmedabad, Naxatra Labs designs and manufactures high-efficiency electric motors for electric vehicles and industrial use cases. The company builds motors end-to-end, covering electromagnetic design, validation, and manufacturing. It has spent over four years developing its R&D stack and has already moved several products from lab-stage development to commercial production. Naxatra is currently working with multiple domestic customers and is also supplying to export markets. Its motors are used across EV traction and industrial applications, positioning the company within India’s growing energy transition and manufacturing ecosystem.

LogicLadder raises $2.5 Mn in Series A round

EntrackrEntrackr · 1y ago
LogicLadder raises $2.5 Mn in Series A round
Medial

Climate-tech SaaS startup LogicLadder has raised $2.5 million in its Series A round led by Singapore and Vietnam-based BIG Capital and Zerodha’s Rainmatter. The firm is backed by investors including ONGC, Shell and IIM Lucknow EIC. The proceeds will be used to expand its global footprint in South Asia and North America. Founded in 2011, LogicLadder’s premium platform ‘The Sustainability Cloud’ is used by enterprises to manage ESG, account for Scope 1, 2 and 3 carbon emissions, meet environment compliance and generate sustainability reporting. According to LogicLadder, the software follows global standards like GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM and GRESB, among others. Additionally, its products – TSC Water, TSC Energy, and TSC Enviro, allow organisations to achieve efficiency-led decarbonisation and sustainability in water and generated waste. The firm claims to be working with over 1,000 customers such as NTPC, BHEL, PVR-INOX, Mother Dairy and others, along with 40 channel partners.

Sports-tech startup StepOut raises $1.5 Mn led by Rainmatter

EntrackrEntrackr · 1m ago
Sports-tech startup StepOut raises $1.5 Mn led by Rainmatter
Medial

Bengaluru-based sports-tech startup StepOut has raised $1.5 million in a Pre-Series A funding round led by Rainmatter by Zerodha. The round also saw participation from SucSEED Innovation Fund and Misfits Capital. Rainmatter had earlier led the company’s seed round in late 2024. The proceeds will be used to expand international operations, deepen investments in AI and computer vision, and scale product capabilities. StepOut also plans to expand beyond football into amateur sports and other disciplines over time. Founded by Jeet Karmakar and Sayak Ghosh, StepOut is an AI-powered football performance and intelligence platform focused on player development, match analysis, and scouting. The platform is used across youth, semi-professional, and professional football. Since its last funding round, StepOut claims to have analysed over 25,000 matches, tracked over 150,000 players, and reported 3x year-on-year revenue growth with a 90% customer renewal rate. The startup currently serves 120 clubs, academies, and federations across 23 countries. StepOut’s platform offers tools such as AI-driven match analysis, automated highlights, performance dashboards, live match analytics, and advanced football metrics including xG, xA, PPDA, and player impact scores. It has been deployed across tournaments like the Dream Sports Championship and elite domestic competitions. The startup works with clubs and federations including AFC Ajax, Rayo Vallecano, Bengaluru FC, Hong Kong FC, and the All India Football Federation, and is running pilots with global clubs such as Real Madrid, Chelsea, Fulham, and Espanyol.

Ice cream brand Go Zero raises $1.5 Mn

EntrackrEntrackr · 1y ago
Ice cream brand Go Zero raises $1.5 Mn
Medial

Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.

Juice brand Alienkind raises $1.2 Mn in Seed round

EntrackrEntrackr · 10m ago
Juice brand Alienkind raises $1.2 Mn in Seed round
Medial

Juice brand Alienkind raises $1.2 Mn in Seed round Juice brand Alienkind has raised $1.2 million in a Seed funding round at a valuation of $10 million led by notable industry veterans, including Super.money founder Prakash Sikaria, Ravi Iyer, Arpan Sheth, and others. The proceeds will be utilized for its expansion and scale footprint across key metropolitan cities in India as part of its first phase of growth, Alienkind said in a press release. Co-founded in 2024 by Vikram Kakkireni and Abhishek Kumar, Alienkind is a next-generation juice bar that aims to empower the juice ecosystem. The brand aspires to become an extension of its consumers’ personalities, fostering a community that values authenticity and innovation. Since its launch, Alienkind states that it has quickly gained nationwide attention by redefining the Indian Quick Service Restaurant (QSR) segment with its unique value proposition, competitive pricing, and strategic brand positioning.

MatchLog Solutions raises $1.5 Mn in pre-series A round

EntrackrEntrackr · 1y ago
MatchLog Solutions raises $1.5 Mn in pre-series A round
Medial

MatchLog Solutions, a sustainable container logistics and supply chain optimisation, has raised $1.5 million in its pre-series A round led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A. Earlier in 2022, MatchLog had raised $3 million from Blue Ashva Capital, Rainmatter Climate Technologies, and Capital-A. The proceeds will be used to enhance sustainability and carbon efficiency in container logistics, the firm said in a press release. The investment will also expand MatchLog’s market presence, enhance strategic partnerships, and deepen collaborations within the global shipping and port ecosystems. MatchLog’s triangulation solution, which pairs import containers with export requirements, effectively eliminates unnecessary dry runs and reduces the trips containers make back to depots when empty. With its expansion, MatchLog is set to increase its footprint and scale in India, thereby maximising efficiency in container usage and transport listics. This strategic growth is projected to handle around 4-5 million containers annually, resulting in a substantial reduction of 200,000 metric tonnes of carbon emissions each year. The startup claims that it will eliminate 10 billion km of unnecessary travel globally in the EXIM container supply chain, continuing to set new standards in the industry.

IPV leads Rs 4.8 Cr round in e-sports startup Machaxi

EntrackrEntrackr · 1y ago
IPV leads Rs 4.8 Cr round in e-sports startup Machaxi
Medial

Tech-enabled sports startup Machaxi has raised Rs 4.8 crore ($580,000) in a pre – Series A Round led by Inflection Point Ventures. The Bengaluru-based company had previously raised $160,000 in a seed round back in 2022 from notable angel investors. The funds will be used to develop technology for user analytics and sports shopping, expand the sports shop vertical, and build the brand, Machaxi said in a statement. Co-founded in 2019 by Pratish Raj, Tushar Raj, and Ashish Anand, Machaxi provides sports coaching for kids, offers facilities for adults to play sports in their neighbourhoods. It also offers an app that allows users to shop for sports equipment. Machaxi claims to have registered a gross revenue run rate of Rs 18 crore, maintaining an EBITDA-positive status since inception. It also claims to have 50,000 users monthly. The company’s facilities cover a wide range of sports, including badminton, swimming, table tennis, football, and cricket, The sports market in India is valued at approximately $5 billion. Machaxi may directly or indirectly compete with other startups like Cult, Flow Sports, Khelomore, Push Sports, Sporthood et al.

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