Technology-focused venture capital firm Chiratae Ventures has announced the second close of its fifth venture capital fund (Fund V) at $150 million, with a final close expected in the first quarter of 2026. The fund will focus on early-stage startups across Seed, Series A, and Series B rounds. Expanding Focus Areas Fund V is led by Managing Directors Venkatesh Peddi and Ranjith Menon, who will drive investments across Chiratae’s core sectors. The firm plans to double down on AI, deeptech, healthtech, consumertech, fintech, SaaS, climatetech, and spacetech, while also expanding into emerging areas like DefenceTech and Quantum technologies. Founded by…
Author: Aman Atulya
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…
Bengaluru-based UPI platform expands digital financial services 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…
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…
Distil, a specialty chemicals startup, has raised $7.7 million in Series A funding, led by Singapore’s Jungle Ventures and UAE’s CE-Ventures, the corporate venture arm of Crescent Enterprises. Strategic investors Rubamin, PI Industries Vice Chairperson Mayank Singhal, and India Quotient also participated in the round. This funding brings Distil’s total capital raised to $10.8 million. The company previously secured $3.1 million in June 2024 through Jungle Ventures’ First Cheque@Jungle platform. Funding Snapshot Product & Market Edge Founded in 2021 by Atanu Agarrwal and Viraj Shah, Distil develops advanced specialty chemicals for paints, plastics, and construction materials. Operating through an R&D-first,…
Every time Prof. Dr. Sashikumaar Ganesan observed engineers running thousands of simulations to design motors or batteries, he noticed a recurring problem: enormous computing resources were spent, but the results were rarely reused. That inefficiency became the seed for Zenteiq.ai, a startup developing AI models that learn from past simulations to predict engineering outcomes with greater accuracy. IndiaAI Mission Backing Founded in 2022, Zeinteiq.ai is one of only eight startups selected by the Government of India to build a sovereign foundational AI model under the IndiaAI Mission. The company will receive ₹75 crore in its first year, primarily for compute…
Material science deep-tech startup Chakr Innovation has raised USD 23 million (≈ ₹193.5 crore) in a Series C round, led by growth-stage investor Iron Pillar. Existing investors SBI Cap Ventures, ONGC, Indian Angel Network (IAN) and Inflexor also participated. What the Funding Will Be Used For Chakr Innovation plans to deploy the fresh capital to: What Chakr Does & Why It Matters Founded in 2016 by IIT Delhi graduates, Chakr Innovation develops technologies focused on reducing pollution and enabling cleaner energy and materials. Some of its core products include: Chakr already has over 5,000 installations, more than 2,000 customers, and…