Get All Access for $5/mo

Centriti, Helium, and Ricron Panels Raise Funding The Indian startups listed below have disclosed investment rounds.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R(T-B)] Founders of Ricron Panels, Centriti, & Helium

Centriti Gets INR 6 Cr Boost in Pre-Series A Round

Centriti, a B2B SaaS e-procurement platform, has raised INR 6 crore in a pre-Series A round led by Emergent India Ventures (EV2). The round also saw participation from Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group.

The company plans to deploy the raised funds towards enhancing tech capabilities, further reducing service time, and expanding into new geographies.

Daljeet Singh, Founder and CEO of Centriti, said, "This investment is a testament to the hard work and dedication of our team and will enable us to revolutionise procurement systems in the hospitality industry at scale. Within a short span of two years, we have been able to create a significant impact in the geographies we currently operate in. With this support, we are poised to deliver unparalleled value to our partners and customers."

Founded in 2022 by Daljeet Singh, Centriti leverages advanced mid-mile logistics, state-of-the-art warehousing, and AI-driven inventory management solutions to empower hotels and restaurants to reduce costs, minimise waste, and improve overall operational efficiency.

The platform's in-house AI-driven integrated inventory software automates inventory tracking and replenishment while providing insightful analytics and forecasts, helping businesses make informed decisions.

Accor Group, Barbeque Nation, Chai Point, Taj Hotels, Oberoi Hotels, and other well-known hospitality brands are among the companies the Delhi-based firm claims to partner with. It has a presence in Delhi, Bengaluru, and Jaipur and aims to expand to Goa, Hyderabad, Kochi, and Chennai over the next two years.

Merak Ventures Leads INR 4.52 Cr Pre-Seed Round in Helium

Merak Ventures, an early-stage VC firm, has made its fifth major investment this year by leading a INR 4.52 crore pre-seed funding round in Helium. Angel investor Alok Mittal also participated in this funding round.

The new funding will be strategically deployed to build a high-performing team and further develop Helium's product offerings.

"As online commerce surges post-pandemic, the need for tools to eliminate business inefficiencies has never been more pressing. Helium is addressing these critical gaps, set to boost conversions and revenue streams for e-commerce businesses," said Sheetal Bahl, Partner at Merak Ventures.

Founded by Shray Arora, Sidharth Sahni, and Deepak Kapoor, Helium is an AI platform designed to enhance e-commerce websites by integrating product and visitor intelligence for better conversion rates. It enables consumer brands to personalise their web stores for each visitor at scale.

"At Helium, our mission is clear: to revolutionise the e-commerce landscape by empowering brands with the most advanced, intelligent, and seamless digital brand purchasing experience. We believe that every brand, regardless of size or budget, deserves the opportunity to provide an exceptional online shopping experience akin to the standards set by industry giants like Apple and Amazon," added Shray Arora, Co-founder of Helium.

The company aims to collaborate with top e-commerce brands globally, focusing on the North American market. Helium's vision is to become the go-to solution for eCommerce excellence, pushing the boundaries of digital retail and setting new industry standards.

Sustainability Startup Ricron Panels Gets Series A Funding Led by Boon Sustainable Technologies

Gujarat-based plastic waste recycling company Ricron Panels has raised a Series A round led by Boon Sustainable Technologies. The round also saw participation from Harsh Mohunta, Managing Director of Classic Display Systems; Dinesh Babbar, Ex President at Infra.Market; Boutique investment bank Veromint Advisors; Venkatesh Srinivasan, Ex Partner EY GDS; Renuka Sharma, Architecht; and Kaushik Rajan, founder of Stoicus Legal. Veromint Advisors acted as the sole financial advisor, and Kaushik Rajan, founder of Stoicus Legal, was the legal advisor for Ricron Panels for this transaction.

The funds raised in the current round will be utilised to bolster marketing and distribution efforts to expand Ricron's presence in the Indian market, further amplifying its environmental and economic impact.

Founded in 2013 by Rahul Chaudhary and Radhika Chaudhary, Ricron is a plastic waste recycling company that specialises in transforming low-value multi-layer plastic (MLP) waste into high-quality building materials.

The company claims to recycle 5,000 tons of plastic annually, preventing one ton of deforestation, avoiding the emission of 4.01 tons of CO2, and saving 21,000 MJ of energy for every ton of Ricron produced.

Rahul Chaudhary, Director and Co- founder, Ricron Panel, said, "Waste management is emerging as a major concern across nations worldwide as we continue to develop and urbanise. India is one such country that is constantly developing along with its growing population and consumerism, causing a rapid increase in plastic intake."

"To mitigate this formidable plastic waste, Ricron was established to support waste management and offer a promising solution. With our state-of-the art technology, today we are manufacturing responsible building materials by recycling 5000 tons of plastic per year, and in the next 2 years, we plan to recycle 24000 tons per year," added Chaudhary.

Ricron's manufacturing plant is currently present in Ankleshwar and Bhopal; the company aims to expand to at least four more locations across India within the next five years. The company has marquee customers like L&T, Tata Projects, DLF, Maruti Suzuki, RMZ, Decathlon, Nestle, and more.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

News and Trends

IIT Kanpur Launches Hackathon to Empower Startups in Cybersecurity

Startups will pitch their solutions to a panel of industry experts, with selected teams gaining access to incubation support at IIT Kanpur to help bring their ideas to market

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.