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NABVENTURES leads Rs 20 Cr round in deep-tech startup Tan90

EntrackrEntrackr · 5m ago
NABVENTURES leads Rs 20 Cr round in deep-tech startup Tan90
Medial

Deep-tech startup Tan90 Thermal Solutions has raised Rs 20 crore ($2.35 million) in a Series A funding round led by NABVENTURES along with participation from Blue Ashva Capital, Capital-A, and 3i Partners. The Chennai-based company had previously raised $4.6 million from Social Alpha and others. The proceeds will be used to develop new product lines tailored for cold chains, HVACs, and data centres, and to expand its presence in Southeast Asia, the Middle East, and Africa, while continuing to scale across India, Tan90 said in a press release. Co-founded in 2019 by Soumalya Mukherjee, Rajnikant Rai, and Shiv Sharma, Tan90 Thermal Solutions is a deep-tech startup that focuses on sustainable thermal energy management. Using proprietary Phase Change Materials (PCMs) and service models like Cooling as a Service (CaaS), it helps industries across logistics, healthcare, food, agriculture, and manufacturing adopt energy-efficient, climate-friendly cooling solutions. Tan90 claims that its proprietary suite of Phase Change Materials (PCMs) developed in-house, spanning a temperature range from –50°C to +80°C. These materials are engineered to deliver 2x turnaround time for clients and a longer cycle life than existing alternatives. Tan90’s range of PCMs emphasizes inorganic compositions, which are more efficient and inherently safer than their organic counterparts. This makes them particularly suited for sectors such as food and pharma cold chains, HVAC systems, EV thermal management, solar cooling, heat exchangers, and data centre cooling. Tan90 claims to have grown its revenues at a CAGR of over 70% during the past three years. Its Cooling-as-a-Service (CaaS) platform is active in eight Indian cities, with zero customer churn, enabling businesses in quick commerce, food logistics, and healthcare to adopt scalable and climate-resilient cooling without major capital outlay.

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888VC launches Rs 175 Cr fund for AI, deep-tech, sustainability startups in India

EntrackrEntrackr · 1m ago
888VC launches Rs 175 Cr fund for AI, deep-tech, sustainability startups in India
Medial

888 VC, an early-stage accelerator fund, has announced the launch of a Rs 175 crore investment fund. The funds are aimed to fuel the nation's next generation artificial intelligence, deep tech, and sustainability startups, targeting visionary founders whose innovations are addressing both local problems and have the potential to transform global markets. Over the next three years, the company plans to invest in global first Indian startups with average investment sizes ranging between Rs 2 crore and Rs 4 crores, focusing on technologies that are capable of scaling to high-growth ecosystems such as the UAE, the US, and beyond. 888VC also unveiled GRO8, the region’s largest cross-border investment and mentorship platform. Designed to address a crucial gap in the early-age startup ecosystem, like access to capital, mentorship, and market connections. As per market research, AI startups in India are projected to cross $17 billion by 2027; deep tech funding is said to have grown 2.5X in the last 3 years, driven by enterprise SaaS and frontier technologies, and sustainability startups have attracted approximately $2.5 billion in 2024 alone. Founded and led by Rohit Bafna, 888VC combines deep industry expertise with a hands-on approach to scale startups. The VC firm is focused on innovation in artificial intelligence, deep tech, and sustainability. Operating actively in India, UAE, and the US, the fund aims to catalyze the growth of category-defining startups and enable scalable global expansion. The VC firm asserts that it has evaluated 500 startups, funded over 20 companies, and deployed more than $12 million in syndicated capital, the accelerator fund is now maintaining a boasting portfolio exceeding $500 million valuation.

iHub Robotics raises Rs 4.3 Cr in pre-Seed round

EntrackrEntrackr · 7m ago
iHub Robotics raises Rs 4.3 Cr in pre-Seed round
Medial

iHub Robotics raises Rs 4.3 Cr in pre-Seed round Humanoid robotics startup iHub Robotics has raised Rs 4.3 crore (about $520K) in a pre-seed funding round from U.S. investors. The company had previously raised $20 million in the same round in Oct. 2023. The fresh capital will be utilized to establish humanoid robotics manufacturing facilities in Kerala, reinforcing its vision to make India a global leader in robotics and AI-driven automation, iHub Robotics said in a press release. Co-founded in 2021 by Athil Krishna, Akhil K Haridasan, and Sarath S, iHub Robotics provides intelligent robotics solutions that are revolutionizing the way businesses operate. It aims to transform industries with cutting-edge technology, enabling them to enhance productivity, reduce costs, and improve efficiency. iHub Robotics states that it has already made a significant international impact, exporting its semi-humanoid robot, Tara Gen-1, to the UAE and Saudi Arabia. Tara Gen-1 is the most advanced semi-humanoid robot in India, built with cutting-edge AI and robotics technology. It is designed to operate in hospitality, healthcare, airports, railway stations, and various customer service roles, enhancing efficiency and automation in these industries. Tara Gen-1 leverages advanced human behavior intelligence, allowing it to recognize and respond to human emotions, engage in natural conversations using AI-powered speech recognition, and adapt to different environments with real-time decision-making. It assists customers with navigation, inquiries, and personalized service, functioning seamlessly in multi-language settings. According to the Kerala-based company, it is also committed to empowering the next generation of AI and robotics innovators. The company has launched the iHub School of Learning, a platform dedicated to educating and training students in AI and robotics, with a mission to empower 100,000 students with future-ready skills in deep-tech. iHub Robotics also expects to create over 150 jobs in the next two years, contributing to India’s deep-tech ecosystem.

Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round

EntrackrEntrackr · 3m ago
Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round
Medial

Snippets Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round Deep-tech space startup Astrophel Aerospace has raised Rs 6.84 crore (around $800K) in a pre-seed funding round from a group of angel investors and venture firms. The Pune-based startup will use the funds to build a prototype of its reusable semi-cryogenic launch vehicle and to expand in-house R&D efforts focused on building advanced missile-grade guidance and propulsion systems. Founded in 2022 by Suyash Bafna, Astrophel Aerospace is building cost-effective, reusable launch vehicles specifically tailored for small satellites. It operates on a vertically integrated model designing, engineering, and testing propulsion systems in-house. The firm’s Astra C1 series rockets are powered by in-house developed semi-cryogenic engines and built using a combination of 3D printing and modular assembly. Astrophel claims to be among a limited number of Indian private companies to have successfully test-fired a semi-cryogenic engine, and achieved this with just Rs 6 lakh in internal resources and no external funding before this round. It is now aiming for a working, reusable prototype within the next 2–3 years. The startup is building its flagship Potentia C1U engine using modular design and manufacturing principles adapted from the automotive sector. Astrophel has also signed an MoU with ISRO to support co-development and testing. In India, its key competitors include Skyroot Aerospace, Agnikul Cosmos, Bellatrix Aerospace and Pixxel among others.

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