Naxatra Labs raises $3 Mn pre-Series A led by Rainmatter

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Deeptech startup Naxatra Labs has raised $3 million in a pre-Series A funding round led by Rainmatter, with participation from a group of founders, operators, and angel investors. 

The round saw backing from Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (Ixigo), Anupam Jalote (iCEM), Narayan (Ather Energy), and others.

The proceeds will be used to expand product lines, strengthen R&D, and scale manufacturing capacity. The firm plans to increase production to 50,000 motors per month while also…



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Naxatra Labs raises $3 Mn pre-Series A led by Rainmatter


Deeptech startup Naxatra Labs has raised $3 million in a pre-Series A funding round led by Rainmatter, with participation from a group of founders, operators, and angel investors. 

The round saw backing from Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (Ixigo), Anupam Jalote (iCEM), Narayan (Ather Energy), and others.

The proceeds will be used to expand product lines, strengthen R&D, and scale manufacturing capacity. The firm plans to increase production to 50,000 motors per month while also…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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