🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Pravega Ventures leads $3 Mn pre-Series A round in Constelli

EntrackrEntrackr · 6m ago
Pravega Ventures leads $3 Mn pre-Series A round in Constelli
Medial

Pravega Ventures leads $3 Mn pre-Series A round in Constelli Aerospace and defence tech startup Constelli has raised $3 million in a pre-Series A funding round led by Pravega Ventures. This is the company's first institutional funding round. The proceeds will be deployed towards capital expenditure and research and development (R&D) of new products, Constelli said in a press release. Co-founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli specializes in developing advanced signal processing solutions and tools that enhance the design, development, and testing of critical aerospace and defence systems. According to the Hyderabad-based company, it leverages modern technologies and advancements in hardware and software, modeling and simulation, and distributed computing to achieve transformation. The company focuses on enhancing technical sophistication and expediting the development lifecycle of payloads for airborne and ground defence platforms. Constelli says that its products and services are used globally by organizations developing radar and electronic warfare (EW) systems. The company claims that it serves India's Ministry of Defence, the Defence Research and Development Organisation (DRDO), and defence contractors in South Korea, Australia, and Singapore. The other notable players in this space are NewSpace Research & Technologies, IdeaForge, Garuda Aerospace, and others.

1

Related News

Fluid Analytics raises $1.6 Mn in pre-Series A round

EntrackrEntrackr · 1y ago
Fluid Analytics raises $1.6 Mn in pre-Series A round
Medial

Cleantech startup Fluid Analytics has raised $1.6 million in its pre-Series A round led by Pravega Ventures and joined by an angel investor. The proceeds will be used to execute a global scale-up expansion starting with a focus on North America, the company said in a press release. Founded by Nidhi Jain and Asim R. Bhalerao, Fluid Analytics monitors water infrastructure health, waterway conditions, and the spread of water-borne diseases at scale. The startup claims to have successfully deployed solutions, monitored over 400 million gallons (1.5 billion litres) of urban wastewater spills and enabled the treatment and reuse of over 200 million gallons (800 million litres) daily. It continues to monitor a population of over 17.5 million for water-borne diseases, as an indicator of sewage spills. Its business model helps cities to combat water pollution sustainably, collaborating with utilities, contractors, and engineering firms. Early stage venture capital fund Pravega Ventures focuses on providing seed and pre-Series A funding. Its portfolio includes Crofarm (now Otipy), Fyle, SalarySe, Cashinvoice, and GrayQuest, among others.

Classplus and Pravega to lead $6 Mn round in GyanDhan

EntrackrEntrackr · 1m ago
Classplus and Pravega to lead $6 Mn round in GyanDhan
Medial

GyanDhan, a platform in the education-finance space, is in the final stages of securing a funding round worth approximately $6 million. Pravega Ventures and Classplus are jointly leading the funding round. A few of GyanDhan’s existing investors are also expected to take part. Gray Matters Capital, Sundaram Finance, and individuals such as Satyen Kothari, Paula Mariwala, and Pravin Gandhi are early backers of the company. GyanDhan has facilitated over Rs 7,000 crore ($840 million) in cumulative loan originations and has established an on-ground presence across 30 cities in India. Founded in 2015 by Ankit Mehra and Jainesh Sinha, GyanDhan is eyeing a valuation of around $15-20 million. Regulatory filings reveal that Classplus and Pravega have already invested Rs 20 crore ($2.33 million) and Rs 10 crore ($1.16 million) respectively, with the remainder of the $6 million round expected to be finalized shortly. GyanDhan has seen rapid growth over the past few years. In FY24, the company posted an operating revenue of Rs 21.4 crore along with a profit of Rs 1.36 crore. Pravega has previously invested in a handful of edtech-focused ventures, while Classplus—a B2B edtech platform—has built a diverse portfolio of educational startups.

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

EntrackrEntrackr · 2m ago
Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures
Medial

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

Download the medial app to read full posts, comements and news.