Clean-tech startup PadCare Labs has raised $3 million in a pre-Series A funding round led by Rainmatter, with participation from 3one4 Capital, Brigade REAP, and PKRBCV Shroff Trust.
Existing investors Lavni Ventures and 3i Partners also participated, along with debt support from EXIM Bank and ICICI Bank. The round includes a mix of equity and debt.
The fresh capital will be used to scale its recycling capacity to 2,000 metric tonnes annually by March 2027, expand operations across Bengaluru and Delhi NCR, and strengthen leadership and core…

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