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RSPL raises $3 Mn seed round led by Equirus and Artha Venture Fund

EntrackrEntrackr · 20d ago
RSPL raises $3 Mn seed round led by Equirus and Artha Venture Fund
Medial

RSPL raises $3 Mn seed round led by Equirus and Artha Venture Fund Deeptech startup Raana Semiconductors Pvt. Ltd. (RSPL) has raised $3 million in a seed round led by Equirus Innovatex Fund and Artha Venture Fund, with participation from IvyCap Ventures, PointOne Capital, CIIE Initiatives (IIMA Ventures) and angel investor Garimella Laxminarayana. This marks the company’s first institutional funding and was raised through a pure equity round. The proceeds will be used to accelerate R&D and product development of indigenous Czochralski (CZ) silicon ingot growth systems. The firm is initially focusing on building systems capable of producing 10–12 inch solar-grade silicon ingots, with a long-term roadmap toward semiconductor-grade wafers. Founded over a decade ago, Raana Semiconductors works on CZ-based crystal growth equipment and single-crystal materials. It develops and supplies turnkey silicon ingot growth systems, including installation, commissioning, and after-sales support, which are typically sourced from overseas suppliers. RSPL is currently the only private Indian company focused exclusively on CZ crystal growth equipment. The firm has worked with institutions such as BARC and IGCAR and has also executed projects under the Ministry of Defence’s iDEX programme. For FY26, the company has secured confirmed orders worth Rs 12 crore from government departments and national laboratories. Raana Semiconductors plans to commercialise its solar-grade CZ systems within the next 18 months, targeting large-scale silicon ingot production for domestic solar manufacturers.

Defence-tech startup Ammunic Systems raises $1.1 Mn in seed round

EntrackrEntrackr · 6m ago
Defence-tech startup Ammunic Systems raises $1.1 Mn in seed round
Medial

Defence-tech startup Ammunic Systems raises $1.1 Mn in seed round The proceeds will be channeled towards scaling existing products and building new indigenous defence technologies, Ammunic Systems said in a press release. Defence tech startup Ammunic Systems has raised $1.1 million in a seed funding round co-led by India Accelerator and its multistage VC arm Finvolve. The proceeds will be channeled towards scaling existing products and building new indigenous defence technologies, Ammunic Systems said in a press release. Launched in September 2024, Ammunic Systems is a defence R&D firm focused on the design and development of weapon systems with core competence in advanced electronic fuzes, warheads, and munition integration technologies. The startup aspires to become a next-generation defence and aerospace innovator. The Bengaluru-based startup aims to empower defense with precision and safety and to pioneer tomorrow's warheads for global security. It is committed to providing services that exceed client expectations and help them achieve their business goals. It focuses on research, design, development, and production of new generation weapon systems for current and future warfare. Priyanka Singhal, founder of Ammunic Systems, said, “This investment from India Accelerator is not just capital; it is a vote of confidence in a mission we have poured our hearts into. At Ammunic Systems, we are not just building defence technologies; we are building belief — that India can lead from the front in securing its own future." India Accelerator and Finvolve boast a strong portfolio of defence tech companies including IG Drones, Indrajaal, Zulu Defence, and others.

Misochain Technologies raises Rs 18 Cr in seed round led by Capital-A

EntrackrEntrackr · 27d ago
Misochain Technologies raises Rs 18 Cr in seed round led by Capital-A
Medial

Misochain Technologies, a Bengaluru-based aerospace deep-tech startup, has raised Rs 18 crore in a seed funding round led by Capital-A. The company plans to use the funds to establish a manufacturing facility, enhance certification programs, and expand engineering, testing, and MRO capabilities for UAV manufacturers and global aerospace clients. Founded in 2019 by Rama Kandula and Murali Krishnan, Misochain focuses on developing indigenous aircraft components, reducing India's dependency on imports. Its product line includes air data probes, actuators, vibration isolation systems, and solenoid valves used in aircraft systems. Misochain employs a capital-efficient manufacturing model, outsourcing precision machining while handling design, assembly, testing, certification, and IP internally. The startup is part of MaXcel, an accelerator run by Capital-A and SanchiConnect.

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