Venture capital news

In plain words: A startup raised money. It shows which kinds of company investors are backing right now.

Battery-swapping startup Battery Smart has raised close to Rs 100 crore from an existing investor as it looks to expand its network for electric two- and three-wheelers. The fresh capital will support the company’s expansion plans as it continues to scale its battery-swapping network. According to its regulatory filings accessed by Entrackr , the company allotted 18,000 compulsorily convertible preference shares (CCPS) at an issue price of Rs 54,407 per share, aggregating to approximately Rs 98 crore from Ecosystem Integrity Fund. The round appears to be ongoing, with the Gurugram-based company likely to raise additional capital in tranches. In August 2026, Battery Smart had raised Rs 185.5 crore ($19.5 million) in a Series C funding round led by existing investor Rising Tide Ventures, with participation from Ecosystem Integrity Fund and Blume Ventures. As per Entrackr’s the company is valued around Rs 4170 crore or $440 million post money valuation. Battery Smart plans to use fresh proceeds to support business expansion, capital expenditure, working capital requirements and other general corporate purposes, the filings added. Founded in 2020, Battery Smart operates a battery-swapping network for electric two- and three-wheelers.

Read the full story at Entrackr (opens in a new tab)Published 17 Oct 2026. This is the publisher’s own feed excerpt.

In plain words: A startup raised money. It shows which kinds of company investors are backing right now.

B2B manufacturing startup CapGrid has raised Rs 46.28 crore, or $4.87 million, in a pre-Series B funding round led by new investor Hero Enterprise Partner Ventures, with participation from existing investors Nexus Venture Partners, Anicut Capital, and others. The board at CapGrid passed a special resolution to issue 2,888 compulsorily convertible preference shares (CCPS) at an issue price of Rs 1,60,263 per share to raise fresh capital, according to its regulatory filings accessed by Entrackr . Hero Enterprise Partner Ventures led the round with an investment of Rs 38.30 crore, while Axilor Technology Fund and Anicut Capital are investing Rs 3 crore each. Nexus Venture Partners and Amit Jain will contribute Rs 1 crore each. As per Entrackr’s estimates, the company’s post-money valuation surged over 50% to Rs 430 crore ($46 million), compared with its previous Series A round of $5 million led by Anicut Capital in February 2025. Following the pre-Series B allotment, Nexus Venture Partners remained the largest external shareholder, with an 18.08% stake, followed by Anicut Capital with 16.40% and Axilor Ventures with 11.94%. Co-founders Dheeraj Kumar Tiwari and Himanshu Singh Raghuvanshi each hold an 18.63% stake in the company. According to the filings, CapGrid will use the funds for expansion and growth, as well as to meet its additional capital requirements.

Read the full story at Entrackr (opens in a new tab)Published 16 Oct 2026. This is the publisher’s own feed excerpt.