Composite manufacturing technology startup Fabheads has raised $10 million in its Series A funding round led by Accel. In separate developments, Rabitat has raised nearly $5 million (Rs 40 crore) in its Series A funding round while Kazam has secured funding from IFC, and others.
Fabheads raises $10m led by Accel
Composite manufacturing technology startup Fabheads has raised $10 million in Series A funding led by Accel, with participation from Trifecta Capital.
The latest fundraise brings the total capital raised by the company to $13 million, including $3 million from its seed and pre-seed rounds closed in 2021.
The fresh capital raised will be used to scale the company’s manufacturing operations, grow its leadership team, and expand its engineering and R&D teams.
Fabheads also plans to set up a new manufacturing facility in Bengaluru, targeting the aerospace sector and catering to growing international demand. It is expected to be operational within the next six months.
RPSG Capital, DSG lead funding in Rabitat
D2C kids drinkware and foodware brand Rabitat has raised nearly $5 million (Rs 40 crore) in its Series A funding round led by RPSG Capital Ventures and DSG Consumer Partners.
The round, completed in two tranches, was led by RPSG Capital and DSG Consumer Partners, and saw participation by family houses such as Capital A, Accurize Syndicate, Flair Writing Family Office, Eagle Venture Fund, AG Ventures, as well as angels and founders such as The Souled Store founders (Vedang Patel, Harsh Lal & Rohin Samtaney), LivSpace founders (Ramakant Sharma & Sourabh Jain), and Ankit Nagori (Curefit).
The fresh capital raised will be used to strengthen partnerships with Indian manufacturers, launch new products and deepen its trust with its customers.
IFC, others invest in Kazam
Bengaluru-based EV energy-tech platform Kazam has raised $6.2 million in its Series B funding round from the International Finance Corporation (IFC), and existing investors Vertex Ventures Southeast Asia & India and Avaana Capital.
The latest round brings Kazam’s total capital raised to $19.2 million, including $13 million in equity from previous rounds led by Avaana Capital, Vertex Ventures, and Chakra Ventures.
The investment will fuel Kazam’s expansion across markets with its energy transition tools to accelerate the adoption of sustainable mobility.
Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, Kazam provides device-agnostic solutions for charging and battery swapping operators, OEMs, and fleet operators. The company claims to have onboarded over 68,000 chargers and facilitated over 5 million charging sessions.
