India Dealbook: Planys Tech, Gegadyne Energy, UClean raise funds

Robots manufacturer Planys Technologies, battery technology developer Gegadyne and laundry service provider UClean have raised funds.

Planys Tech raises $2m from ONGC startup fund, others

Planys Technologies, a manufacturer of compact underwater robots, has raised Rs 14 crore ($2 million) in a round led by Oil and Natural Gas Corporation Ltd Startup Fund and Ranjan Pai’s MEMG Family Office.

The round also saw participation from Infosys co-founder Kris Gopalakrishnan’s Pratithi Trust, Keiretsu Forum and other individual investors, according to an official statement.

Incubated at IIT Madras Incubation Cell, Planys develops indigenous remotely operated vehicles (ROVs) that provide underwater robotic inspection and survey solutions.

Earlier, Planys also received a grant of Rs 1.5 crore from BPCL Startup Fund to develop customised robotic systems for the oil and gas industry.

The latest funding round will help Planys expand its robotic fleet, fund product development and scale up its operations, the company said.

Mumbai Angels backs Gegadyne Energy

Gegadyne Energy, a Mumbai-based startup working on battery charging technology, has received funding of an undisclosed amount from Mumbai Angels Network.

Gegadyne claims its battery technology can help batteries get recharged in a rapid manner without the need for fast charging.

The latest funding will help the company further develop its indigenously-built battery technology, besides running tests for commercial applications, Gegadyne said in a statement.

“With the world moving towards Electric Vehicles and efficient low-cost batteries, Gegadyne’s patent-pending super capacitor graphene-based battery would be the game changer replacing the Lithium ION batteries,” said Nirav Choksi, Deal Lead, Mumbai Angels Network.

Laundry service provider UClean raises $1m funding

Tech-enabled laundry service provider UClean has raised $1 million from its existing investor franchise and retail services provider Franchise India Holdings Ltd.

According to an official statement, angel investor Anubhav Chopra also joined the latest round.

The Gurgaon-based startup plans to use the funds raised to launch an on-demand home cleaning services provider called Mint Clean.

“We would be building Mint Clean through the franchise route and would be targeting 100 franchises by 2020,” said UClean founder Arunabh Sinha.

In November 2016,  UClean had raised an undisclosed amount in seed funding led by Franchise India.

Also Read:

UClean secures seed funding

India Dealbook: Auxano backs Avishkaar Box; Signet Chemical invests in Furlenco; Trilyo fundraise

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.