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Climate-tech startup RenewCred raises 4.25 Cr in seed round

EntrackrEntrackr · 1m ago
Climate-tech startup RenewCred raises 4.25 Cr in seed round
Medial

Climate-tech startup RenewCred raises Rs 4.25 crore in a seed funding round comprising a mix of equity and grants. The round was led by Campus Angels Network, with participation from Kairos Early Opportunity Fund, build3 Startup Studio, VentureStudio Ahmedabad University, Ideashacks Investor Network, ACT Capital Foundation, Social Innovation Lab by Citi Bank–IIT Kanpur, and angel investors. The proceeds will be used to deepen its methodologies, scale its Net Zero platform, and deliver carbon credits that buyers and regulators can genuinely trust. Founded in 2024 by Abhimanyu Rathi, the Bengaluru-based startup is building tech-driven infrastructure for high-integrity carbon credits using advanced MRV (Monitoring, Reporting, and Verification) supported by IoT, machine learning, and blockchain. The company aims to make carbon markets more transparent, efficient, and accessible, particularly for technology-led projects and smaller developers in the Global South. RenewCred’s proprietary Net Zero digital platform enables continuous monitoring, reporting, and verification at the level of each individual credit issued, moving away from document-heavy legacy systems. It is supported by a growing network of domain experts who co-develop sector-specific methodologies and ensure credits are conservative, measurable, and defensible under global scrutiny. Going forward, RenewCred plans to expand its portfolio of non-nature-based carbon credit methodologies, scale its digital MRV and registry platform, grow its science network, and onboard more project developers and buyers seeking continuously verified carbon credits. The startup also aims to position India as a credible source of high-integrity, technology-verified carbon credits for global markets. RenewCred is scheduled to issue its first set of carbon credits this quarter. It focuses on methodologies such as biochar, EV fleets, renewable energy, methane reduction, clean fuels, and industrial decarbonisation. Over the next 14 years, the company targets the removal of 2 gigatons of greenhouse gas emissions. Its platform integrates live data streams, scientific models, and automated checks to cut verification timelines by 75%, reduce transaction costs by over 50%, and significantly improve trust and auditability.

Navata Supply Chain Solutions raises Rs 13.5 Cr led by Abyro Capital

EntrackrEntrackr · 4m ago
Navata Supply Chain Solutions raises Rs 13.5 Cr led by Abyro Capital
Medial

Navata Supply Chain Solutions (Navata SCS), a tech-enabled B2B last-mile integrated logistics platform, has raised Rs 13.5 crore ($1.52 million) in a new funding round led by Abyro Capital, with participation from existing investor Equanimity Investments, which had led the company’s previous round. The proceeds will be used to help Navata SCS accelerate its pan-India expansion, strengthen its AI-led logistics infrastructure, and enhance enterprise solutions for large and mid-market customers across manufacturing, retail, and e-commerce. Founded by siblings Hima Parvataneni and Vineel Parvataneni, Navata SCS aims to modernize India’s traditional B2B logistics ecosystem, which has remained largely unchanged since the 1980s. The company is building a tech-driven logistics backbone that uses data intelligence and operational excellence to deliver scalable, reliable, and cost-effective logistics solutions across rural and urban India. This marks Abyro Capital’s first investment in India, following its earlier US bets in NavaFlex Inc. and Monetize360. The operator-led venture firm focuses on early-stage investments across deep-tech, infra-AI, and vertical SaaS sectors. With this funding, Navata SCS plans to expand its nationwide network, onboard new enterprise clients, and invest in AI-native predictive supply chain platforms to create a more connected, efficient, and resilient logistics ecosystem for Bharat.

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

EntrackrEntrackr · 10d 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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