Author: Aman Atulya
Deep-tech startup Xbattery, focused on advanced energy storage solutions, has raised $2.3 million in a Seed funding round led by the Bipin Patel Family Office, with participation from Jhaveri Credits. The capital will be deployed towards R&D, hardware sourcing, hiring, and scaling prototypes for commercialization and early orders. Indigenous Battery Innovation Founded in 2024 by Satish Reddy, Sonu Mishra, and Varshith Rao, Xbattery is developing high-voltage Battery Management Systems (BMS) and advanced battery packs for both electric vehicles (EVs) and grid-scale storage applications. Its flagship product, the BharatBMS, is capable of managing up to 800V systems, offering a critical alternative…
Premium kitchenware brand P-Tal (Punjab Thathera Art Legacy) has raised $3 million in a funding round led by VC Grid and Nithin Kamath’s Rainmatter, with participation from Connecticut Innovations, Anicut Capital, Zeropearl VC, and a group of angel investors. What P-Tal Does Founded by Aditya Agrawal, P-Tal blends traditional Indian craftsmanship with modern design, offering handcrafted copper, brass, and bronze kitchenware. Its product range includes cooking utensils, tableware, dinnerware, and daily essentials starting at Rs 1,500. The company works with 110 artisan families across Chandigarh and Moradabad, ensuring legacy crafts are preserved while catering to modern tastes. P-Tal sells through…
Gullak, a SaaS-driven digital gold savings platform, has raised $7.5 million in a funding round led by Chiratae Ventures, with participation from White Venture Capital and Samved Ventures. The fresh capital will be used to strengthen partnerships with jewellery brands and expand the platform into tier II and III cities. Founded in 2022 by former JusPay executives Manthan Shah, Dilip Jain, and Naimisha Rao, Gullak enables users to automate savings by converting spare change or UPI round-ups into digital gold investments. Users can also start gold SIPs from ₹100 per day and redeem accumulated gold in various forms, including home…
Leading technology-focused venture capital firm Chiratae Ventures has announced the second close of its fifth venture capital fund at $150 million, with a final close targeted for the first quarter of 2026. The fund will back early-stage startups across Seed, Series A, and Series B rounds. Expanding Focus Fund V is led by Managing Directors Venkatesh Peddi and Ranjith Menon, who will drive investments across Chiratae’s core themes: AI, deeptech, healthtech, consumertech, fintech, SaaS, climatetech, and spacetech. The firm is also moving into DefenceTech and Quantum technologies, marking its entry into new frontier sectors. Founded by Sudhir Sethi and T.C.…
Full-stack tech-enabled consumer electronics re-commerce startup Grest has raised Rs 16 crore in its latest funding round, with Equentis leading the round by contributing Rs 7 crore. The round also saw participation from The Chennai Angels, Lead Invest, and India Accelerator, combining equity and debt instruments. Scaling Operations and Infrastructure Co-founded in 2018 by Shrey Sardana and Nitin Goyal, Grest sources, refurbishes, and resells high-quality smartphones, laptops, tablets, and smartwatches through online and offline channels. With the fresh capital, the company plans to: Market Impact and Sustainability Grest’s model contributes to the circular economy, extending product lifecycles, reducing electronic waste,…
SaaS-based healthcare platform Zealthix has raised $1.1 million (₹9.2 crore) in a seed round led by Unicorn India Ventures, with participation from AlphaGen Venture Capital. The funding follows a $250,000 angel round in early 2024 and will help the startup expand operations, enhance technology, and grow revenue. Bridging Gaps in Healthcare Delivery Founded in 2023 by Abhishek Kumar and Avinash Gupta, Zealthix provides a cloud-based middleware platform that enables insurers and payers to deliver OPD and comprehensive healthcare plans. India’s healthcare system is highly fragmented, leaving insurers struggling with digitization, compliance, and interoperability. Zealthix addresses this by: Early Traction Over…
ACME Solar Holdings has raised ₹1,100 crore in refinancing from the State Bank of India (SBI) for its 300 MW solar project in Rajasthan. The deal, structured with a tenure of nearly 17 years, will help ACME lower its debt servicing costs by nearly 100 basis points compared to earlier financing terms. The Rajasthan Project The 300 MW plant has been operational for around six months and has maintained strong performance with an optimal Capacity Utilisation Factor (CUF). The refinancing ensures greater cash flow stability, enabling ACME to allocate resources towards capacity expansion while keeping borrowing costs in check. Why…
Flipkart’s fintech arm, Super.money, has raised $300 million in a fresh funding round led by Walmart, the parent company of Flipkart. This follows a $20 million investment in 2024, when Super.money was spun off to focus on payments and financial services. Super.money’s growing footprint in India The startup operates a rapidly expanding UPI payments platform, processing over 257 million transactions worth ₹9,290 crore as of September 2025. Beyond payments, Super.money offers co-branded credit cards with Axis Bank, personal loans, wealth management, and flight bookings, catering to digitally savvy users. Use of funds and product expansion The fresh capital will be…
Paar Autonomy, a next-generation robotics startup developing perception hardware and agentic artificial intelligence (AI) for unmanned vehicles, has raised Rs 3.5 crore in a pre-seed funding round led by Venture Catalysts. The funding will be used to commission the startup’s first manufacturing line, deliver pilot units to defence and PSU customers, and expand engineering and business development teams. Paar Autonomy is also exploring collaborations with defence establishments, PSUs, and international OEMs to supply turnkey gimballed payloads and licensable AI models for retrofitting UAVs, UGVs, and USVs. Startup Edge Founded in 2024 by Vignesh Jayaraman, former head of product at a…
Rocket, an AI-powered app-building platform that converts natural language into production-ready applications, has raised $15 million in a seed funding round led by Salesforce Ventures and Accel, with participation from Together Fund. Earlier this month, Entrackr had exclusively reported the deal. Prior to this round, Rocket had raised over $9.5 million from investors including Accel, India Quotient, Together Fund, and Dholakia Ventures. The proceeds will be used to strengthen R&D, accelerate product development, and expand the company’s global presence, including establishing a North American headquarters in Palo Alto, California. Product & Market Founded by Vishal Virani, Rahul Shingala, and Deepak…