Dharaksha Ecosolutions Raises Rs 24.8 Crore in Seed Round

Biotech startup Dharaksha Ecosolutions raised Rs 24.8 crore in seed funding, led by Avaana Capital. The funds will expand production, enhance R&D, and strengthen market presence. Founded in 2020, Dharaksha creates biodegradable, mycelium-based packaging from agricultural waste, aiming to replace conventional plastic with sustainable alternatives.

D2C Insider Launches Third Cohort of Elevate Program

D2C Insider has launched the third cohort of its Elevate Program, a 12-week growth accelerator for early-stage consumer brands with monthly revenue of up to Rs 25 lakh. Participants receive mentorship from industry leaders, access to playbooks, and capital investment opportunities, culminating in a Demo Day to pitch investors.

Nazara Acquires 15.86% Stake in Stan for $2.2 Million

Nazara Technologies has acquired a 15.86% stake in Stan, a blockchain-based e-sports fan engagement startup, for $2.2 million. This move strengthens Nazara’s gaming and e-sports presence. Stan, founded in 2022, offers a web3 platform for creators to build communities, with over 12 million users and $1.8 million turnover.

Clean Electric Raises $6M to Expand Battery Solutions and R&D

Energy storage startup Clean Electric secured $6 million in funding co-led by Info Edge Ventures, Pi Ventures, and Kalaari Capital. The funds will enhance R&D, sales, and product development. Clean Electric, which develops advanced battery solutions for electric vehicles, aims to reach $10 million annual run rate by September 2025.