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    altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating.

    • Just In

    CMR Green Technologies IPO to Launch with Offer for Sale of 42.89 Million Shares

    Latest News Posted on  —by Salil Urunkar

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    CMR Green Technologies IPO

    Pune: CMR Green Technologies has officially moved forward with the company filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (CMR Green Technologies IPO).

    The company is India’s largest non-ferrous metal recycler by installed capacity as of March 31, 2025, and also leads the Indian secondary aluminum market in terms of revenue from operations for Fiscal 2025, according to the ICRA Report.

    Also Read: Tally Startup Challenge 2025 Invites Startups to Solve MSME Manufacturing Capacity Planning Issues

    CMR Green Technologies IPO Details

    The CMR Green Technologies IPO will be floated through an equity share capital offering. The public issue consists entirely of an Offer for Sale (OFS) of up to 42,890,735 equity shares, each having a face value of ₹2.

    Market Position and Growth

    As of March 31, 2025, CMR Green Technologies has an installed capacity approximately four times larger than its nearest domestic competitor in the recycled aluminium industry. On a global scale, the company also ranks among the largest aluminium recycling players in terms of installed capacity.

    Also Read: Foundation for MSME Clusters Hosts Workshop on EU Sustainability Rules for Panipat Exporters

    The company’s revenue from operations has consistently grown, posting a compound annual growth rate (CAGR) of nearly 23% from FY2007 to FY2025, according to ICRA.

    Lead Managers to the Issue

    Equirus Capital Private Limited, ICICI Securities Limited, and Motilal Oswal Investment Advisors Limited have been appointed as the Book Running Lead Managers (BRLMs) for the CMR Green Technologies IPO.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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