Participated · Series A · Jul 2026

Econovus develops bespoke industrial packaging solutions built on engineered, IP-backed materials aimed at reducing manufacturers’ packaging costs and carbon emissions. Founded in 2019 by Ramesh Prasad and based in Pune, the company positions its offerings as engineered, digital, and sustainable alternatives for industrial customers. Econovus recently completed its maiden institutional raise of ₹40 Cr in a pre-Series A round led by Rainmatter with participation from Rockstud Capital. The fresh capital will fund expansion into high-growth verticals such as automotive, lithium-ion batteries, solar infrastructure, steel, and defence. Management has emphasized scaling commercial deployment across these sectors as a near-term priority.

Participated · Seed · May 2026

Marichi Labs builds an AI-driven platform that transforms customer interactions into structured operational workflows used by several large enterprises. The company is headquartered in New Delhi and operates a Gurugram Delivery & Development Centre alongside Bengaluru Innovation Labs. Under CEO Hanumant Lal Shukla, with founders Rituraj and Yogesh Vashisth, the team has expertise in enterprise sales and scalable AI applications. The startup has active deployments with large customers and plans to expand its market presence across India, Africa and the Americas. It intends to extend its reach to the U.S. later this year. The recent seed funding from Texas AI Ventures is intended to accelerate product development and support that geographic expansion.

Participated · Seed · May 2026

NovorbisItus builds ARAI-certified, filter-less Retrofit Emission Control Devices (RECD) that combine electrostatic precipitation with automated cleaning to reduce particulate and other harmful emissions from diesel generator sets. The company also offers a Crematorium Air Purification System (CAPS) certified by IIT Bombay that reportedly achieves 90–95% pollution reduction. Founded in 2019 by Harsh Neekhra, Gagan Tripathi, and Divyank Gupta, NovorbisItus began commercial sales of its RECD in 2022 and operates R&D, production, and distribution out of Pune. Management highlights a large addressable market in India — the article notes an estimated 20 lakh+ DG sets in operation — and positions its retrofit approach as a compliance solution to meet CPCB emission norms without equipment replacement. The company plans to expand its product lines to serve boilers and large industrial facilities, including steel plants, and to enable on-site carbon capture technologies as it scales deployments across sectors.

Participated · Equity · Mar 2026

Founded in 2020 by Shreyans Kokra and based in Surat, Canvaloop produces high-performance spinnable textile materials derived from agricultural waste and crop residues. Its product portfolio includes HempLoop, FlaxLoop, BanLoop, NettleLoop and PineLoop, all engineered to be compatible with existing textile manufacturing infrastructure. The company reported a current production baseline of about 30 tonnes per month and plans to scale to roughly 300 tonnes per month within six to twelve months. Canvaloop is using external capital to expand its team and to further research and develop regenerative cellulose materials. The business positions itself at the intersection of circular-economy principles and scalable industrial textile applications.

Participated · Series A · Sep 2025

Founded in 2021 by Apurwa Masook, Rounak Agrawal, and Sudarshan Samal, SpaceFields designs and manufactures solid-fuel powered propulsion systems for UAVs, rockets, and spacecraft. The company targets both defence and commercial aerospace markets and has already secured four defence contracts through the Ministry of Defence’s iDEX initiative. SpaceFields holds patents on four indigenously developed propulsion technologies, underscoring its technical differentiation. Management plans to use fresh capital to scale manufacturing capacity, obtain key regulatory certifications, and expand engineering, operations, and business teams. The firm is positioning itself as a provider of critical, sovereign, dual-use technologies within India’s defence and aerospace value chain. To date, SpaceFields has raised a cumulative $6.3 million, including a $1.3 million seed round earlier in 2024 and the current pre-Series A financing.