The institutional laundry infrastructure company Quick Clean has successfully raised $14 million in a Series B funding round. The round was led by Stakeboat Capital, with participation from existing investors Alkemi Growth Capital and Blue Ashva Capital.
Quick Clean was founded in 2010 by brothers Anshul Gupta and Ankur Gupta. The company provides Build-Own-Operate (BOO) solutions for local laundry infrastructure for hotels and hospitals. This allows institutions to outsource their laundry operations while keeping the equipment on their premises.
The capital raised will be used by the company to expand its network of local laundries across India. Furthermore, the funds will go towards developing automation and implementing artificial intelligence-based operations, as well as supporting international expansion plans. The company intends to deepen investments in technologies such as predictive maintenance, automation, and sustainable solutions.
Over the next five years, Quick Clean aims to grow its network from the current more than 140 facilities to over 500 local laundry units in the healthcare and hospitality sectors. Expansion into Southeast Asian and Middle Eastern markets is also planned.
Anshul Gupta, founder and CEO of Quick Clean, stated his goal of building the world's largest company in local laundry infrastructure. He added that the latest investment will help the company scale its technology platform and global presence.
Stakeboat Capital explained its decision to support the company by noting that its operational model differs from competitors, and the demand for technologically equipped laundry infrastructure in India's growing hospitality and healthcare sectors is constantly increasing. Alkemi Growth Capital also confirmed its support, highlighting the company's project execution capability and focus on sustainable development.
Currently, Quick Clean manages over 140 local laundry facilities in more than 38 cities, processing over 100,000 kilograms of laundry daily. The company employs over 1500 people and serves hotel brands such as Marriott, Taj, Hyatt, Radisson, and ITC Hotels, as well as medical institutions including AIIMS, Lilavati Hospital, and Bombay Hospital.
The company emphasized that thanks to its technological processes, water consumption is about eight liters per kilogram of processed laundry. This is significantly lower than the industry average of nearly 24 liters, which helps reduce water consumption and carbon emissions for clients.
Open Secret, a company that produces healthy snacks, has raised over 50 crore rupees. These funds were obtained through an initial equity capital of 30 crore rupees from Desai Brothers Group and institutional debt.
The acquired capital is intended to accelerate retail expansion, introduce product innovations, and develop AI-based supply chain capabilities. The company aims to capitalize on the growing consumer demand for nutritious products by offering healthier alternatives to traditional packaged snacks.
Open Secret reported achieving an Annual Recurring Revenue (ARR) exceeding 200 crore rupees and demonstrating a monthly growth rate of 10%. Furthermore, the company has achieved EBITDA profitability and positive operating cash flow.
The new capital will be directed towards increasing the offline retail network, strengthening the product portfolio, and integrating artificial intelligence across the entire supply chain. Currently, Open Secret's products are available in over 500 retail outlets, including DMart and Reliance Smart, and the company plans to significantly expand its physical distribution network across India.
The company is also increasing investments in its range of savory snacks, such as chips and namkeen, which has been identified as the fastest-growing category. Concurrently, AI agents are being utilized to optimize production cycles and reduce time-to-market for new products. Ahana Gautam, founder and CEO of Open Secret, noted that the demand for healthy snacks significantly outpaces supply, and they are actively working to bridge this gap.
Gautam added that the collaboration with Desai Brothers Group will strengthen the company's manufacturing and distribution capabilities, helping it achieve a target ARR of 1,000 crore rupees within the next three years while maintaining profitability. Desai Brothers Group stated that its investment reflects confidence in the growing demand for healthier food and Open Secret's ability to build a scalable consumer brand. Existing investor Z47 also confirmed its support, citing the company's disciplined growth and its strong potential in India's fast-growing healthy snacking market.
E3 Electric.Ai, a Bangalore-based company developing AI-powered electric scooters, has successfully raised 100 crore rupees in a Series A funding round that included equity and debt financing.
The global venture firm BluVenture Holdings served as the lead investor. The capital raised will be used to accelerate product innovation, strengthen research and development, and expand the company's presence in the Indian market ahead of the commercial launch of the E3 TRION scooter.
This funding comes as the Indian two-wheeler EV market enters a new phase of development. While earlier growth was driven by the shift from gasoline to electric vehicles, competition is now increasingly focused on software, connected technologies, and AI. These features are intended to improve safety, maintenance, and the overall ownership experience of the vehicle.
E3 Electric.Ai, founded in Bangalore, develops modular electric scooters, allowing for the creation of various models based on a single platform. The company stated that its patented AI system can monitor vehicle health, support predictive maintenance by identifying potential issues before they escalate, and provide intelligent route planning to reduce range anxiety.
The startup has formed a team of over 100 engineers and researchers and has filed more than 18 patent applications covering battery systems, modular architecture, and AI-based safety technologies.
Founder and CEO P. Sanjeev believes that electric vehicles should 'predict, learn, and continuously improve,' making mobility safer, more reliable, and more accessible over time. According to Sanjeev, the company's modular platform allows for the development of numerous scooter variants on one chassis, while the AI capabilities are designed to enhance maintenance and driver confidence.
BluVenture Holdings views India as a significant opportunity, given it is the world's largest two-wheeler transport market. Shaun Dawson, an LP partner at BluVenture Holdings, noted that India is at a 'turning point' in its transition to electric mobility and highly praised E3's combination of modular engineering and software intelligence for the country's scooter market.
The mobility sector in India continues to attract investment despite increasing competition. This week, Hero MotoCorp approved investments of up to 1000 crore rupees in Ather Energy, an electric scooter manufacturer whose shares are listed on the stock exchange, indicating sustained investor confidence in the segment. Previously, Bangalore-based Ultraviolette Automotive received 404 crore rupees to expand its portfolio of electric motorcycles.
The political environment also remains favorable: the Centre extended incentives for relevant electric two-wheelers under the PM E-DRIVE program until July 2026. This program aims to lower the initial cost of EVs, support charging infrastructure, and strengthen domestic manufacturing, although industry leaders continue to seek additional policy support to help nascent manufacturers scale production.
ClientTech startup BatX Energies, based in Gurugram, has successfully completed raising funding of ₹105 crore in a Series A round. The round was led by IvyCap Ventures.
In addition to the lead investor, existing investors participated in the round, including Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, and JITO. BatX Energies specializes in battery recycling, critical mineral extraction, and purification.
The raised funds are planned to be used to expand recycling and purification capacities, strengthen research and development (R&D), and accelerate the creation of a domestic supply chain for essential battery materials.
Utkarsh Singh, Co-founder and CEO of BatX Energies, noted that many countries face the challenge of ensuring sustainable and domestic supplies of critical minerals, and he believes BatX can play a significant role in creating globally sustainable and reliable supply chains.
The company has developed proprietary technologies that allow it to extract battery-grade materials from spent batteries and industrial waste, enabling their reintroduction into the production cycle. Vikrant Singh, Co-founder and CTO of BatX Energies, emphasized that the technology is the main competitive advantage, noting four patents and several under development, with a focus on creating highly efficient and cost-effective purification technologies scalable globally.
According to the startup, as electric mobility, renewable energy, and energy storage systems grow in India, securing strategic minerals such as lithium, cobalt, nickel, and graphite is becoming vital for industrial growth and national energy security.
Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, stated that India's energy transition depends on ensuring sustainable access to critical minerals. He added that BatX has created a strong technological platform for the recovery, purification, and reuse of battery materials, addressing both economic and strategic concerns.
BatX asserts that it has demonstrated its technology at a commercial scale and is already producing and supplying raw materials back to the market, contributing to the formation of a circular economy and reducing import dependence.
