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Chanakya Opportunities Fund invests in Sadbhav Future Tech’s Rs 36 Cr round

EntrackrEntrackr · 3m ago
Chanakya Opportunities Fund invests in Sadbhav Future Tech’s Rs 36 Cr round
Medial

Chanakya Opportunities Fund invests in Sadbhav Future Tech’s Rs 36 Cr round Chanakya Opportunities Fund has invested in Sadbhav Future Tech’s Rs 36 crore ($4.19 million) pre-IPO funding round. This move is part of Chanakya’s growing interest in the renewable energy space. Led by Bhupender Singh, Nilesh Jain, and Saikat Roy, the company uses modern solar technology to make clean energy more efficient and widely available. Since starting in 2020, Sadbhav Future Tech claims to have installed over 50,000 solar pumps and provides both rooftop and large-scale solar systems. It aims to improve the lives of 1 million farmers in the next 10 years. Sadbhav Future Tech supports the PM-KUSUM scheme, a government plan that helps farmers get clean energy, reduce diesel use, and increase income. Sadbhav works across many Indian states, such as Maharashtra, Assam, and Rajasthan.

Vimano raises Rs 25 Cr in seed round led by Ankur Capital

EntrackrEntrackr · 3m ago
Vimano raises Rs 25 Cr in seed round led by Ankur Capital
Medial

Vimano raises Rs 25 Cr in seed round led by Ankur Capital Nanotechnology startup Vimano has raised Rs 25 crore (around $3 million) in its seed round led by Ankur Capital. This is the first investment from Ankur Capital’s new third fund. The proceeds will be used to help them grow their team, start pilot projects, and set up manufacturing. Started in 2019 by Murari Ramkumar and Dr. Nagesh Kini, Vimano makes special membranes used in energy systems like redox flow batteries, fuel cells, and green hydrogen production. These membranes help store and use energy more efficiently. Its technology aims to reduce the cost of green hydrogen and make long-term energy storage cheaper. Vimano works on clean energy problems by making special materials that help electricity flow better. Its membrane technology can be changed to fit different uses, making it more useful and powerful. These membranes also waste less energy and last longer than many others available today. The startup is working with partners in the energy space to test and use its tech in real-world projects. According to Vimano, it aspires to speed up the shift to green energy and support industries looking for better ways to store and use clean power. In August last year, Ankur Capital had received commitments from two of its existing Limited Partners into its third fund. Since its inception, the VC firm has been backing deep technology innovations companies such as Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai.

Semiconductor startup Calligo Technologies bags $1.1 Mn in pre-Series A

EntrackrEntrackr · 3m ago
Semiconductor startup Calligo Technologies bags $1.1 Mn in pre-Series A
Medial

Semiconductor startup Calligo Technologies has raised $1.1 million in a pre-Series A round co-led by Seafund and Artha Venture Fund. The Bengaluru-based company had previously raised $1.57 million from KITVEN and others. The proceeds will be used for R&D expenses to develop the ver 2.0 silicon chip and platform, as well as to increase its engineering talent and tech capabilities, Calligo said in a press release. Co-founded in 2012 by Anantha Kinnal, Rajaraman Subramanian, and Vinay N. Hebbali, Calligo Technologies focuses on developing products and solutions for HPC, Big Data, and AI workloads. The company aims to solve performance bottlenecks in computing required for large-scale modeling and simulations in HPC systems, as well as large-model training and inference in AI systems. CalligoTech says that it has modified RISC-V C/C++/gFortran/Python compilers, frameworks, and libraries to support Posits and generate Posit-enabled executables natively. Its approach requires no source-level modifications to run HPC/AI applications. According to market research, India’s semiconductor market was valued at $6.67 billion in 2024 and is expected to reach $14.09 billion by 2032, growing at a CAGR of 10.1% during the forecast period (2024–2032). In the last 12 months, CalligoTech claims it has collaborated with U.S. universities, national laboratories, and supercomputing centers to improve access to tech talent and soft-launch its operations in the U.S. The company has also built an accelerator board, received First Pass Silicon Ver 1.0, and started shipping to customers.

The New Renaissance: Venture Capital Fuels Climate Tech Innovations

Inc42Inc42 · 1y ago
The New Renaissance: Venture Capital Fuels Climate Tech Innovations
Medial

According to PwC's State of Climate Tech 2022 report, climate tech funding in 2022 accounted for more than 25% of all venture capital investments. Venture capital firms not only provide financial support but also act as mentors to startups in the climate tech sector. VC funding plays a vital role in driving technological innovation and has led to advancements in areas such as electric vehicles and hydroponic agriculture. Climate tech investments are not just limited to global initiatives but also have local impacts, such as the transition to eco-friendly transport in India and advancements in food production technologies. Venture capital is instrumental in shaping a sustainable future by supporting and catalyzing climate tech innovations.

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