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    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. 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. ISLAND Beauty raises ₹2.58 crore in funding from AJVC and angel investors. Sridhar Vembu warns of painful economic rebalancing as AI reshapes computer-based jobs. 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. 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. ISLAND Beauty raises ₹2.58 crore in funding from AJVC and angel investors. Sridhar Vembu warns of painful economic rebalancing as AI reshapes computer-based jobs.
  • Otter Controls India Inaugurates USD 4.5 Million Facility in Pune, Adds 1,000 Jobs

    Otter Controls India Plant 4 Inauguration

    Pune: Otter Controls India, a joint venture with the UK-based Otter Controls Limited, has officially inaugurated its new state-of-the-art manufacturing facility in Chakan, Pune.

    Representing a total investment of $4.5 million, the fourth Otter Controls India facility aims to boost production capacity by 75% while generating 1,000 new employment opportunities within the region’s industrial corridor.

    The inauguration ceremony was graced by Chief Guest Avnish Malhotra, India Lead – Future Mobility Department for Business & Trade, and Head of the British Trade Office, Pune.

    Also Read: FS Compressors India Announces INR 100 Crore Manufacturing Facility in Pune by 2026

    The 96,000 sq ft plant reflects Otter Controls India’s continued commitment to the ‘Make in India’ initiative. This new facility enhances the company’s ability to strengthen local supply chains and scale operations, ensuring sustainable growth in the Indian market.

    Ulhas K Joshi, Managing Director, Otter Controls India Private Limited, stated, “This new Manufacturing Facility is a true reflection of our belief in the resilience and potential of the Indian manufacturing sector. By investing in capacity and creating 1,000 new jobs here in Pune, we are not just scaling our business; we are investing in the community and building a self-reliant domestic supply chain.”

    Otter Controls India: Advanced Technology and Future Mobility Focus

    The facility is equipped with advanced production technologies, including an ISO 8 / Class 100,000 Clean Room Facility. This infrastructure enables Otter Controls India to expand into the EMS (Electronics Manufacturing Services) and SMT (Surface Mount Technology) segments, catering to both automotive and non-automotive industries.

    Additionally, the plant will strengthen production of high-precision components such as Liquid Silicone Rubber (LSR) molded parts and specialized wire harnesses, aligning with the company’s focus on quality and innovation.

    Also Read: Dassault Systemes Pune Campus Becomes Largest Innovation and Research Centre

    Global Commitment to Excellence and Innovation

    Dr David Smith, Chairman, Otter Group, and Alex Nijhoff, Managing Director & CEO, Otter Group, commented, “This investment in Pune represents a key strategic step for the global Otter Group. It reinforces our commitment to world-class technology, quality benchmarks, and next-generation manufacturing excellence. With this facility, we are poised to deliver advanced solutions including EMS Manufacturing and Relay Manufacturing for the Defence Sectors.”

    Looking ahead, Otter Controls India plans to introduce EMS manufacturing, in-house commercial stamping, railway switchgear solutions, and relay production for defence applications, further consolidating its position as a trusted engineering and manufacturing partner in the Asia-Pacific region.

    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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