Several Indian startups have raised funds across various categories from Oct 7 to Oct 11, carbon management , tech, battery leasing, fintech and more. We will highlight five such transactions, including how these startups plan to use the raised capital.

Onlygood.ai | Carbon Management Startup

Onlygood.ai, a platform focused on simplifying carbon management and sustainability reporting, has raised Rs 4 crore (about $500,000) in seed funding. 

As per the startup, the funding will be used to expand operations in India and the Middle East, with plans to enter Europe in 2024.

Founded in 2022 by Rajeev Sinha and Vivek Mehra, Onlygood addresses the carbon emissions crisis through innovative solutions. Its platform helps businesses measure, track, and reduce their carbon footprints, enabling informed decisions on efficiency and sustainability. Key offerings include Decarb Navigator and Decarb X-celerator.

Social Hardware | Assistive technology startup

Social Hardware, an innovation startup that designs and develops assistive devices, bionics, and field robotics, has raised Rs 3.2 crore in its seed round led by Inflection Point Ventures.

As per the startup, the funding will be used towards growth and go-to-market (GTM) initiatives, building a strong marketing and sales team, establishing an advanced R&D facility, expanding in-house manufacturing capabilities, and strengthening R&D efforts

Co-founded by Abhit Kumar, Cameron Norris, and Raghavendran Arunachalam, Social Hardware specializes in teleoperated robotic systems designed for hazardous operations. The firm serves manufacturing, infrastructure, defense, and aerospace industries, delivering innovative solutions that enhance safety and operational efficiency in challenging environments.

Economy Process Solutions | vacuum and process solutions Startup

Economy Process Solutions, a company specializing in vacuum and process solutions, has raised Rs 100 crore ($12 million) in a Series A funding round led by Stakeboat Capital Fund II. 

As per the startup, the funding will be directed towards accelerating growth, expanding the range of in-house manufactured products, increasing the company’s global footprint, and entering new categories, particularly in food and beverage solutions.

Founded in 2015, Economy Process Solutions offers a diverse portfolio of vacuum systems and process equipment tailored for various industries. Their product lineup includes vacuum pumps, boosters, blowers, and accessories, alongside process equipment such as evaporators, dryers, extractors, reactors, and heat exchangers.

UrjaMobility | A battery leasing startup

UrjaMobility, a startup specializing in battery leasing for commercial electric vehicles (EVs), has raised Rs 100 crore ($12 million) in its pre-Series A funding round, which includes both debt and equity financing.

As per the startup, the funding will be used to expand UrjaMobility’s solutions in energy consumption and supply chain management, focus on the e-mobility sector, scale operations, and enhance its unique pay-per-use leasing model.

Founded in 2022 by Pankaj Chopra, UrjaMobility offers battery leasing options for various commercial EV categories, including L3 and L5 vehicles, as well as electric L2s powered by lithium-ion batteries. The company aims to transform the upfront costs of battery energy into a manageable Monthly Lease Value (MLV).

Swara Fincare | NBFC Startup

Swara Fincare has successfully raised Rs 19.4 crore ($2.3 million) in a Series A funding round led by UC Impower, with participation from Serica Angel Fund.

As per the startup, the funding will be used to promote financial inclusion for micro and small entrepreneurs, expand its distribution network, develop innovative products, and enhance its technology platforms.

Founded in 2022 by Dev Verma, Mukund Madhav, and Sumit Ranjan, Swara Fincare aims to provide financial services to individuals and entrepreneurs in rural and semi-urban areas of India. Its offerings include customized financing solutions, life, health, and general insurance products, as well as loan account EMI payments and real-time tracking.

Follow us and connect with us on Instagram, Facebook, Twitter, and LinkedIn.

Note: If you are a budding entrepreneur and require assistance to register a Pvt Ltd Company, register a company, create financial projections, business development, LLP Registration, compliance filing, funding formalities, debt funding, CFO Services, or other startup related legal services, contact us.