• Startup Pulse
    CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures. CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures.
  • Moglix Bitumen Manufacturing Plant Launched in Mathura

    Moglix Bitumen

    New Delhi: Moglix has forayed into the energy and infrastructure materials sector with the launch of its first greenfield Moglix Bitumen Facility under DRG Industries, the company’s manufacturing division.

    Located in Kosi Kalan, Mathura, the facility will begin commercial production in July 2025, marking a significant milestone in Moglix’s efforts to power India’s infrastructure with future-ready, sustainable materials.

    Also Read: Tata Power Launches Green Energy Skilling Centre in Delhi

    Spread across 3.5 acres, the plant features Denimotech mills, fully automated production lines, and an in-house R&D center, with an installed processing capacity of over 28,000 metric tonnes (MT) per month. It will produce next-gen bitumen products including:

    • Polymer-modified bitumen
    • Microsurfacing-grade emulsions
    • Hard binders

    These solutions are engineered to extend pavement life, reduce maintenance frequency, and minimize carbon emissions, especially crucial as India strengthens its road network – the second largest in the world.

    Rahul Garg, Founder & CEO of Moglix, said: “Our roads are the veins of Viksit Bharat. DRG Industries is a step toward building roads that are stronger, longer-lasting, and environmentally responsible.”

    Moglix Bitumen Facility: Sustainable, Smart Infrastructure

    The Moglix Bitumen Facility features biomass-fueled, carbon-neutral boilers equipped with scrubbers and filter bags to ensure cleaner heating processes.

    These innovations are aligned with Moglix’s broader Environmental, Social, and Governance (ESG) goals, making the plant a benchmark in green industrial infrastructure.

    Also Read: Cummins Battery Energy Storage Systems Launched

    Microsurfacing – a flagship product of the plant – is globally recognized for its ability to:

    • Seal cracks
    • Improve skid resistance
    • Extend pavement life
    • Cut carbon emissions by up to 44% compared to traditional resurfacing

    Supporting India’s Infrastructure Vision

    The facility is strategically located to serve high-growth regions across North and Central India, including:

    • Uttar Pradesh, NCR, Bihar, Rajasthan, Punjab, Haryana
    • Himachal Pradesh, Uttarakhand, Jammu & Kashmir
    • And exports to Nepal

    In addition to boosting India’s infrastructure and logistics backbone, the facility will generate local employment and enhance the regional SME ecosystem through partnerships with contractors and vendors.

    Moglix is also investing in localized R&D to design bitumen solutions suited to India’s diverse terrain and climate conditions, enabling more adaptive and long-lasting road surfaces.

    Future-Ready, Scalable Infrastructure

    As a greenfield project, DRG Industries showcases Moglix’s strength in designing and delivering scalable, sustainable manufacturing infrastructure.

    With plans to expand its bitumen production network across India, the company aims to become a leading player in the energy materials ecosystem and support India’s ambitious 500 GW infrastructure roadmap.

    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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