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NSRCEL Startups

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NSRCEL Start-ups Shine on Season 4 of Shark Tank India

Several start-ups from NSRCEL at IIM Bangalore made a mark on Season 4 of Shark Tank India, showcasing innovation and securing funding.

  • Utopian Drinks, Velocity offers clean-label smoothies made from locally sourced fruits, vegetables, and superfoods, free from processed sugar and preservatives.
  • Gofig, from the Circular Economy Incubation Program, promotes sustainability by offering surplus, short-dated food and wellness products at attractive prices, reducing food waste.
  • Chokhat Home Pvt Ltd, part of the Women Startup Program, impressed the sharks with its bold and unique home dĂ©cor and serveware designs, securing a deal worth â‚ą30 lakhs for 10% equity from Anupam Mittal and Peyush Bansal.
  • Klimate, from the Campus Founders Program, is revolutionizing personal cooling with its wearable AC vest, offering affordable, sustainable cooling solutions for outdoor environments.

These ventures exemplify NSRCEL’s commitment to nurturing start-ups across diverse sectors and empowering entrepreneurs to scale innovative ideas. Their success on Shark Tank India highlights the impact of NSRCEL’s incubation programs in fostering sustainable and scalable businesses.

BYTES Secures Funding from Nikhil Kamath’s WTFund

BYTES, a start-up incubated at NSRCEL as part of the Campus Founders Program, has secured funding from Nikhil Kamath’s WTFund to advance its mission of enhancing two-wheeler safety through AI-powered solutions.

BYTES specializes in developing cutting-edge safety systems that leverage AI and camera technology to predict and prevent accidents before they occur. By using real-time data and machine learning models, BYTES enhances rider safety by identifying potential hazards and alerting the rider to take preventive action.

The funding from WTFund will enable BYTES to further refine its AI models, expand its technology to a broader market, and contribute significantly to reducing road accidents. This investment underscores the growing importance of AI-driven safety solutions in India’s rapidly expanding two-wheeler market.

BYTES’ success highlights the effectiveness of NSRCEL’s incubation programs in supporting impactful, tech-driven ventures and empowering young entrepreneurs to make meaningful contributions to society.

The Energy Company Raises $2M in Pre-Series A Funding

The Energy Company, a venture from NSRCEL’s Sustainability Incubation Program with Alstom, has successfully raised $2 million in a Pre-Series A round led by Siana Capital, Callapina Capital, z21 Ventures, 1Crowd, and LetsVenture.

The Energy Company specializes in battery intelligence and offers Flexi – a full-stack battery management platform, and FlexiPack – innovative battery solutions for electric two-wheelers and e-rickshaws. Their technology optimizes battery performance, extends battery life, and enhances safety, making electric mobility more sustainable and cost-effective.

With this funding, the company plans to scale its operations, strengthen its research and development capabilities, and expand its customer base across India and beyond. The Energy Company’s success underscores NSRCEL’s role in nurturing start-ups that drive sustainable innovation and contribute to India’s growing electric vehicle ecosystem.

Dreamfly Innovations Secures $1.4M to Revolutionize Drone Technology

Dreamfly Innovations, a start-up from Goldman Sachs 10,000 Women Program at NSRCEL, has raised $1.4 million in a seed funding round led by Avaana Capital, with support from Sunicon Ventures and others.

Dreamfly specializes in high power density battery technology for drones and aerospace applications. Their innovative solutions aim to address challenges in drone component manufacturing and reduce India’s dependence on imported drone technology. By offering superior battery performance, Dreamfly is set to enhance the efficiency and operational capacity of drones used across sectors.

The fresh infusion of capital will enable Dreamfly to scale production, refine its technology, and strengthen its presence in the rapidly growing drone and aerospace industries. This milestone reflects NSRCEL’s continued commitment to fostering deep-tech innovations and empowering women entrepreneurs to make a global impact.