Mekr Technologies Secures ₹67 Crore Led By Avaana Capital to Build India’s Integrated Appliance Manufacturing Platform

• Funding to accelerate R&D, new product development, strengthen supply chain resilience, and drive global expansion, with participation from Titan Capital Winners Fund.

Mekr Technologies, a full-stack design and manufacturing company for consumer appliances, has raised ₹67 crore in its Series A round led by Avaana Capital. Founded in 2022 by Anand Yadav and Gaurang Kuchhal, Mekr is building an integrated design, engineering, and manufacturing operating system tailored for India's domestic appliance ecosystem. By combining modular architecture with tightly integrated manufacturing workflows, the company provides end-to-end solutions spanning the full product lifecycle - from concept, prototyping, and proprietary tooling to certification and mass manufacturing enabling brands to bring high-quality energy-efficient products to market in significantly compressed timelines.

Mekr Founders

Operating as a leading Original Design Manufacturer (ODM) across home & kitchen appliances, personal care, and car accessories, Mekr leverages shared core technologies - including BLDC motor systems, precision gear mechanisms, heating systems, load cells, and in-house mold design - to deliver high-performance, durable, and cost-efficient products. Backed by a deeply localized supply chain and strong in-house manufacturing capabilities, Mekr has developed 100+ SKUs and partnered with 40+ leading brands including Croma, Wipro, Amazon Basics, and Flipkart, enabling faster product development, superior quality control, and agile, design-led manufacturing for India and global markets.

“Mekr is building foundational engineering and unlocking manufacturing capabilities that directly address India’s structural reliance on imported appliance components. Its design-led, modular architecture enables faster innovation cycles, superior cost efficiency, and more resilient supply chains. We believe platforms like Mekr, which are building globally competitive, design-first production ecosystems at scale, will strengthen India’s manufacturing and supply chain resilience and position the country as a manufacturing hub for the world.” - Vikas Verma, Partner, Avaana Capital

With this fresh infusion of INR 67 crore, Mekr plans to deepen its investments in R&D, product engineering, proprietary tooling, and supplier localization. Additionally, the funds will be utilized to expand manufacturing automation, enhance quality systems, and strengthen export readiness for global market expansion.

“We are building Mekr in a technology and process-led manner, with the vision to seamlessly develop and produce high-quality products at globally competitive costs and scale. We believe India is at the beginning of a major manufacturing transformation, and Mekr is building the integrated engineering and supply chain platform needed to enable this shift at scale.” said Anand Yadav, Co-founder of Mekr.

“We are building Mekr to be India's leading ODM by unifying advanced product engineering with agile manufacturing approach. Our goal is to empower leading brands to drive innovation and script India's manufacturing success story. By making India truly self-reliant, we are setting the stage to develop world-class products for both domestic and global consumers.” said Gaurang Kuchhal, Co-founder, Mekr.

Shiv Kapoor, Vice President at Titan Capital Winners Fund, said, “As the first investors in Mekr, we have seen Gaurang and Anand evolve as founders as they have grown the company. They have come a long way and have scaled rapidly, building a multi-product portfolio with some of India's most respected brands as customers. We think the Mekr journey is just getting started, and they will be one of the pillars supporting Make In India for all electronics and appliance brands.”

India’s small home appliances market, estimated at over ₹40,000 crore and growing at 7–9% CAGR, remains heavily import-dependent. Mekr is positioned to lead the transition through a unified manufacturing platform built on modular design, advanced engineering, and localized supply ecosystem. As global supply chains continue to realign, Mekr is establishing a scalable blueprint for resilient, energy-efficient, and globally competitive appliance manufacturing from India.

About Mekr

Mekr Technologies Pvt. Ltd. is a New Delhi-based company offering a full-stack, integrated platform for the end-to-end design, development, and manufacturing of electronic products. Founded in 2022, the company is building a unified platform that brings together design, prototyping, sourcing, testing, certification, and mass manufacturing through a single interface.

The firm has worked extensively with leading brands in product design, development, and manufacturing. From embedded electronics products to consumer electronics and industrial devices, Mekr Technologies has assisted a large number of companies develop their products from scratch to manufacturing. Mekr is positioning itself as a key enabler of India’s transition into a globally competitive electronics manufacturing hub.

Avaana Climate and Sustainability Fund Secures Ist Close of $70 Mn for India's 1st Early Stage Climate-focused Fund; SIDBI, SRI Fund, UKIDCF, among others Participate

Avaana Climate & Sustainability Fund will invest in technology-led global climate solutions built from India

Avaana Capital, India's leading climate-focused venture capital firm, has achieved a significant milestone in India's emerging climate-tech ecosystem by securing commitments of USD 70 million for their first close in Avaana Climate and Sustainability Fund. The firm is targeting a total corpus of $100-125 million for the fund, which will focus investments in three sectors that are responsible for 90% of India's emissions: Energy Transition & Resource Management; Mobility & Supply Chains and; Sustainable Agriculture & Food Systems. Since its launch the fund has garnered strong interest from global and domestic Limited Partners (LPs). It has attracted renowned institutional investors, including Small Industries Development Bank of India (SIDBI), Self Reliant India (SRI) Fund, the UK India Development Cooperation Fund (UKIDCF) and marquee corporates such as Godrej Group, Murugappa, Torrent, Tsadik, and Bellerive Capital, among others.

Left to Right- Anjali Bansal, Swapna Gupta & Shruti Srivastava

Led by industry veterans Anjali Bansal, Swapna Gupta, and Shruti Srivastava, Avaana Climate and Sustainability Fund will further invest in tech-driven and innovative climate solutions, looking to solve climate risk mitigation, adaptation and resilience building. Avaana Capital has made notable portfolio investments such as Eeki Foods, Aerem, Kazam, sentra.world, FarMart, Eggoz, Ninety One 91, Turno and Terra.do.

“With significant global capital flowing, supportive policies, corporate interest and wealth of entrepreneurial talent in the climate sector, India's climate-tech story is rapidly progressing. At Avaana Climate and Sustainability Fund, we evaluate over 200 new climate opportunities every quarter,” said Anjali Bansal, Founding Partner, Avaana Capital.

“At Avaana Capital, we recognize that India is integral to global climate solutions and invest in climate solutions for India and the world. Our technology and innovation-first approach, deep sector expertise, and strong relationships across the ecosystem help us build large-scale outcomes in climate and sustainability. Avaana invests in thematic areas of Energy and Resource Management, Mobility and Supply Chains and Sustainable Agriculture and Food Systems,” said Swapna Gupta, Partner, Avaana Capital.

"India, with its responsibility to uplift the standards of living for over 400 million citizens, requires swift acceàleration in the adaptation and adoption of technology for climate action. Avaana is the leader in climate tech and the crucial mission of mitigating climate risk. SIDBI is delighted to support Avaana's remarkable progress and applauds their efforts in taking the pole position in this vital endeavour,” said Shri S Ramann, Chairman & Managing Director, SIDBI.

Christina Scott, Acting British High Commissioner to India, said, “The UK is proud to support development partnerships and investments that are helping to address some of the biggest global challenges. I am pleased our new investment in the Avaana Fund will support innovative businesses develop solutions to climate change and inclusion.”

Suresh Kohzikote, from Self Reliant India (SRI) Fund, shared, "The SRI Fund's investment objective is to support onward growth capital to boost the economy and create a self-reliant India. Our partnership with Avaana Climate and Sustainability Fund — India's first tech-led climate fund — is to realise those objectives through climate solutions from India.”

As the world's second-largest population and sixth-largest economy, India plays a critical role in global climate solutions. Our transition to sustainability must prioritise people, planet, and profits. Technology-led disruption in sectors like energy, resources, mobility, supply chains, agriculture, and food systems holds immense potential. Climate-tech investments in India have surged, attracting $1.2 billion from 2016 to 2020, with a focus on renewable energy and electric mobility. To achieve India's net-zero emissions goal by 2070, approximately $2.5 trillion in investments is needed by 2030. Avaana Capital's Climate and Sustainability Fund aims to mobilise capital and support innovative climate solutions aligned with India's targets.

About Avaana Capital

Avaana Capital is an early-stage climate-tech investor in India. Avaana Climate and Sustainability Fund invests in future market leaders who are leveraging technology-led innovation to build and scale solutions for climate and sustainability while delivering exponential returns. Avaana invests in thematic areas of Energy and Resource Management, Mobility and Supply Chains and Sustainable Agriculture and Food Systems. Avaana integrates four ecosystems that drive successful outcomes for climate solutions and sustainability: Digital Innovation, Industry Linkages, Policy and Research, and Catalytic Capital.

Avaana’s Team has previously made investments in unicorns and category-leaders like Nykaa, Urban Company, Darwinbox, Delhivery, NinjaCart etc. Investments from Avaana include the likes of FarMart, Ninety One, Eeki Foods, Eggoz, Turno, Terra.do, Aerem, Kazam, sentra.world etc. The Company has offices in Mumbai and Bangalore.

Sentra.world, an ESG SaaS Platform Raises $2 Mn in Seed Funding Led by Avaana Climate Fund to Enable Industrial Businesses to Meet Net-Zero Goals and Better Manage Scope 3 Emissions

sentra.world who aims to manage 1% of global GHG emissions in the next five years, will infuse seed funding for novel sectoral climate intelligence, product development, team expansion and strategic partnerships

sentra.world, a technology platform empowering industrial businesses on their path to net zero, is proud to announce a successful seed funding round of $2 million (~INR 16 crores). The funding round was led by Avaana Capital, India's foremost early-stage climate-tech venture capital firm, with participation from RPG Ventures and Golden Sparrow Ventures.

The recent momentum towards net-zero emissions is evident, with 1000’s of companies committed to achieving net-zero emissions globally. Industrial sectors such as utilities, steel, cement, aluminium, automotive and chemicals play a significant role, accounting for approximately 38% of global emissions and 62% of emissions in India (McKinsey's Global Energy Perspective, 2022 & Decarbonising India, 2022). This underscores the pressing need for decisive action.

sentra.world aims to help industrial companies manage GHG emissions of their own operations, of their suppliers (scope 3), and at the holding company level through its products sentra.calculus, sentra.network and sentra.portfolio respectively. With sector specific measurement approaches, simulations for emissions reduction, intuitive dashboards, global reporting standards, and gamified data reporting, sentra.world empowers industrial businesses to reduce their carbon footprint and contribute to a sustainable future.

Companies are now aiming to include scope 3 (supplier related) in emissions management with procurement and sustainability functions partnering to deliver. Large industrial companies have upwards of 5000 suppliers each, however, face challenges such as suppliers not having enough/unstructured data, not the right incentives, and suppliers not wanting to expose their data to buyers and competitors, The sentra.network product solves for these and also provides a green rating to suppliers, giving them a new value proposition and enabling procurement functions of buyers to find the right suppliers for their net zero journey.

Harsh Choudhry (CEO) and Vikas Upadhyay (COO), the founders of sentra.world, bring over 30 years of combined global experience in sustainability, heavy industry, and technology. Their background as former junior partners at McKinsey, a renowned global management consulting firm, has shaped sentra.world's vision and comprehensive suite of solutions. With Harsh Choudhry's visionary leadership and Vikas Upadhyay's expertise in driving sustainable operations, sentra.world is committed to facilitating industrial businesses worldwide on their net-zero journeys through sector-specific SaaS products.

Harsh Choudhary

"We envision empowering global industrial businesses on their net-zero journeys through sector-specific SaaS products," shared Harsh Choudhry, Co-Founder and CEO of sentra.world. "By prioritising Scope 3 emissions, we drive sustainability across the value chain for industrial businesses in India, the Middle East, and Southeast Asia, with future expansion into Europe. Our goal is to have 500 industrial companies and 500,000 suppliers as valued customers, managing 1% of global emissions within five years.”

Vikas Upadhyay co-Founder & COO, sentra.world

"This seed funding will accelerate our efforts to provide cutting-edge solutions, sectoral intelligence that help businesses seamlessly track supplier emissions, enhance green sourcing, and optimise their environmental impact”, said Vikas Upadhyay, Co-Founder and COO, sentra.world. “As sentra.world stands for Sustainability and Energy Transition for a Better World, we are enthused to embark on this sustainable journey to make a lasting positive impact on Planet Earth”, he exclaimed.

"We are excited to lead the seed funding round for sentra.world and support their groundbreaking efforts in Scope 3 emissions management," said Anjali Bansal, Founding Partner at Avaana Capital. "Their innovative platform and comprehensive suite of solutions address critical challenges faced by industrial businesses, driving sustainability and enabling a greener future. We are confident that sentra.world will play a pivotal role in shaping the industrial sector's transition to net-zero emissions."

Sentra.world's seed funding will drive global expansion, platform development, and sectoral intelligence enhancement, serving industrial businesses in India, the Middle East, Southeast Asia, and beyond. With a commitment to sustainability and net-zero goals, Sentra.world offers innovative Scope 3 solutions to empower businesses and achieve ESG excellence.

About sentra.world

sentra.world is a technology platform that empowers industrial businesses on their net-zero journeys by providing accurate, comprehensive, efficient, and traceable methods to measure emissions performance. Through its SaaS products, including sentra.calculus, sentra.network, and sentra.portfolio, sentra.world enables businesses to achieve ESG excellence, decarbonise their value chain, and drive sustainability across the industrial sector. With a strong focus on India, the Middle East, Southeast Asia, and Europe, sentra.world aims to be at the forefront of managing emissions for at least 500 industrial companies, contributing to a more sustainable future. Headquartered in Bangalore, sentra.world combines a dedicated team of tech experts and climate specialists with advanced data analytics and cloud technologies.

For more information about sentra.world and its ESG technology platform, please visitwww.sentra.world

About Avaana Capital

Avaana Capital manages Avaana Climate and Sustainability Fund, India’s first and largest climate-tech venture capital fund, investing in future market leaders who are leveraging technology-led innovation to build and scale solutions for climate and sustainability while delivering exponential returns. Avaana invests in climate mitigation, adaptation and resilience across thematic areas of Energy transition and Resource management, Mobility and Supply chains, and Sustainable agriculture and food systems.

Avaana's portfolio features climate-focused startups such as Eeki Foods, Aerem, FarMart, Turno, Terra.do, Ninety One, Praman (Intello Labs), Eggoz, Praan etc. Avaana’s Team has previously made investments in unicorns and category-leaders like Delhivery, Nykaa, Urban Company, ShadowFax, NinjaCart, Stellapps etc.

SolarTech and Financing Platform Aerem Raises $5 Mn Funding led by Avaana Climate Fund to Power India's Transition to Solar Energy

• Aerem delivers a Triple Bottomline impact - leading to significant positive social and environmental outcomes in addition to strong financial performance
• The round also saw follow-on participation from Blume Ventures and includes debt financing of $1.5 million from prominent financial institutions. 

Aerem, India's leading SolarTech platform, today announced the funding of $5 million (~ INR 41 crores) in Pre-Series A round led ​​by climate-tech investor Avaana Capital. The round also saw follow-on participation from Blume Ventures and it includes debt financing of $1.5 million from prominent financial institutions.

Mumbai-headquartered Aerem will utilize these funds to expand its suite of innovative solartech and financing solutions and build an ecosystem that brings together all the stakeholders — financial institutions; engineering, procurement and construction (EPC) companies; and businesses (MSMEs) — to enable end-to-end solutions for rooftop solar projects.

Aerem was founded in the year 2021 by Anand Jain, a Yale MBA, who worked as an investment banker on Wall Street and then came back to India to pursue his passion for Solar. Anand also worked with some of the prominent names in the solar & financial service industries like Lehman Brothers, SunEdison, KPMG and more. Aerem’s platform provides a 360-degree assistance to MSMEs to help them harness the power of solar energy and reduce their electricity costs by up to 70%. Aerem leverages its extensive network of installers to facilitate the implementation of high-quality rooftop solar systems. It also offers hassle-free loans through its in-house Non-Banking Financial Company (NBFC) and partner banks.

At Aerem, the driving force is its unwavering commitment to democratizing the adoption of rooftop solar and creating a greener, more sustainable future. As a result of its mission-driven approach, Aerem delivers a Triple Bottomline impact - it places equal emphasis on social, environmental, and financial outcomes.

Anand Jain

On the announcement, Founder & CEO, Anand Jain said “The solar industry in India has been growing rapidly in recent years, driven by increased awareness of the benefits of renewable energy. India has set a target of ~300 GW of solar energy capacity by 2030, requiring both rooftop and utility-scale to fire. Aerem's innovative solutions are well-positioned to capitalize on this trend and help accelerate the transition to a more sustainable future. This funding is a testament to the strength of our SolarTech & Financing platform and the value it provides to our customers. We remain committed to our mission of making solar financing more accessible and affordable for all, and we look forward to the continued support of our investors and partners in achieving this goal."

Anjali Bansal, Founding Partner, Avaana Capital said “Rooftop solar will play a crucial role in India’s green growth transition. There are several enabling factors including declining technology cost curves, significant location advantage with 300 days of sunshine in a year, and increasing policy support such as net metering to progress towards the 50% renewable energy capacity targets. Aerem is building a unique technology-enabled platform to accelerate the adoption by MSMEs and enable them with energy access and independence, as well as equip MSME installers on the supply side. We’re excited to work with Anand and the rest of the Aerem team, and support them on this journey.”

Aerem focuses on resolving the obstacles that prevent small and medium enterprises (MSMEs) from adopting rooftop solar. They collaborate with installers and support MSMEs by providing them with end-to-end solutions thus enhancing the adoption of solar power in a transparent and accessible manner. Aerem's proprietary technology platform ensures that the installation process is checked for quality, and it facilitates secure payments to installers.

India has the potential to become a global solar superpower given its abundant source of solar energy, receiving more than 5000 trillion kWh of energy from the sun every year. Despite this, India still heavily relies on fossil fuels, with 60% of its energy coming from this source, leading to significant environmental consequences. However, India has made progress in solar power generation, ranking fourth globally in 2021, with a solar installed capacity of 49.3 GW by the end of the year, up from 2.63 GW in 2014. India's solar power market share is also expected to increase by USD 240.42 billion from 2021 to 2026, at a CAGR of 35.24%. The solution to reducing India's reliance on fossil fuels lies in rooftop solar implementation and development. Under India’s climate NDCs, 50% of installed power capacity is targeted to be achieved from Renewable energy by 2030 and Installed capacity for solar energy is projected to reach 280GW by 2030, representing ~USD 150 Bn in investment required in solar.

Aerem, as the leading solar tech platform in India, is working towards achieving this goal to provide clean, renewable energy to MSME’s across the country.

More About Aerem

Founded in 2021 by Anand Jain, Aerem, a SolarTech + Financing platform has revolutionized the way businesses and commercial enterprises harness the power of the sun by providing a comprehensive 360-degree solution that has the potential to reduce electricity costs by up to an impressive 70%. Leveraging its extensive network of installers, Aerem empowers Micro, Small, and Medium Enterprises (MSMEs) to effortlessly make the transition to clean energy.

Aerem assists businesses in implementing a top-quality solar ecosystem with ease and convenience. Additionally, Aerem offers hassle-free loans through its in-house Non-Banking Financial Company (NBFC) or partner banks, further encouraging MSMEs to make the switch to clean energy. At Aerem, the driving force behind everything it does is its unwavering commitment to democratizing the adoption of rooftop solar and creating a greener, more sustainable future. As a result of its mission-driven approach, Aerem delivers a Triple Bottomline impact - it places equal emphasis on social, environmental, and financial outcomes. Operating out of its headquarters in Mumbai, Aerem has a burgeoning presence across the country, serving as a testament to its dedication to promoting clean energy adoption throughout India.

Website Link - https://www.aerem.co/