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    Kutlerri.ai raises $4 million from Narahari Investments. JSW Ventures completes the first close of Fund III, with JSW Family Office as anchor investor. Desible.ai raises ₹32 crore in a funding round led by Prime Venture Partners, with participation from Invention Engine. mistEO raises ₹18 crore in a seed round led by MGF Kavachh, with Seafund and other investors participating. Astrome Technologies signs an agreement with the Technology Development Board for ₹64.05 crore in support through optionally convertible debt under the RDI Fund. Nawgati is selected among the top 10 finalists of the UAE-India Startup Series 2.0. ValueQuest commits ₹775 crore across Sagar Defence Engineering, TASE Global and Rational Engineers. Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board. London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. 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. Kutlerri.ai raises $4 million from Narahari Investments. JSW Ventures completes the first close of Fund III, with JSW Family Office as anchor investor. Desible.ai raises ₹32 crore in a funding round led by Prime Venture Partners, with participation from Invention Engine. mistEO raises ₹18 crore in a seed round led by MGF Kavachh, with Seafund and other investors participating. Astrome Technologies signs an agreement with the Technology Development Board for ₹64.05 crore in support through optionally convertible debt under the RDI Fund. Nawgati is selected among the top 10 finalists of the UAE-India Startup Series 2.0. ValueQuest commits ₹775 crore across Sagar Defence Engineering, TASE Global and Rational Engineers. Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board. London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. 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.
  • Shree Refrigerations and Smardt Partner to Deliver Advanced Data Centre Cooling Solutions in India

    Shree Refrigerations

    Mumbai: Shree Refrigerations Limited (SRL, BSE SME: “SHREEREF”), a HVAC&R solutions provider to the defence sector, has announced a strategic partnership with Smardt Chillers Pte Ltd.

    The collaboration aims to bring advanced data centre cooling solutions in India, powered by Smardt’s magnetic bearing chiller technology, through SRL’s wholly owned subsidiary, Trezor Technologies Pvt. Ltd.

    The partnership will enable SRL to offer magnetic bearing chiller systems designed for mission-critical data centre cooling solutions in India, enhancing efficiency and reliability.

    Also Read: Nasuni Innovation Center in Hyderabad Launched to Drive Product Development

    These oil-free chillers are 20–50% more energy efficient compared to conventional oil-lubricated systems, reducing both maintenance costs and power usage effectiveness (PUE) – a critical factor in data centre operations.

    Expanding Beyond Defence into Data Centre Growth

    According to RG Shende, Chairman & Managing Director of Shree Refrigerations, “Data centres demand the highest levels of efficiency and uptime. Our association with Smardt allows us to deliver cutting-edge technology to Indian customers, building on our expertise in defence to serve India’s growing digital infrastructure.”

    This marks SRL’s entry into a new commercial vertical beyond defence, with expectations that data centre cooling solutions in India will contribute 10–15% of revenues within the next three years, strengthening its business mix and growth potential.

    Smardt’s Global Expertise Meets India’s Growing Market

    Smardt, with more than 10,000 oil-free chillers installed globally, brings world-class energy-efficient cooling expertise. Derek Chan, Director Data Centres (Asia Pacific) at Smardt, noted, “India is one of the fastest-growing data centre markets globally, and we are delighted to work with Shree Refrigerations to deliver unmatched value to customers.”

    Also Read: Fusion CX Expands India Operations with New 350 Seat Bengaluru Delivery Center

    Shree Refrigerations: Advanced Magnetic Bearing Technology for Mission-Critical Data Centres

    SRL has already manufactured, installed, and commissioned over 40 magnetic bearing chillers in India, underlining its technical capabilities.

    With this new partnership, SRL is positioned to become a benchmark provider of next-generation data centre cooling solutions in India, aligning with the Government’s vision of energy-efficient and sustainable growth.

    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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