Saturday, April 27, 2024
Outlook.com
Outlook India
Outlook Business

Gruhas

Gruhas and Collective Artists Network have launched an initial investment fund of 150 Crore rupees to nurture innovation and catalyse growth in the consumer products segment

The funding round saw the participation of NB Ventres, Cred founder Kunal Shah, and actress Moun Roy

The sneaker resale platform raised it from Silver Needle Ventures and Zerodha founder Nikhil Kamath’s Gruhas fund in addition to independent investors

The brand offers battery packs for light EVs, which are powered by ZEN, a proprietary cell-agnostic tech platform that allows 100 per cent fire safety, twenty-minute fast charging, and 120 per cent improvement in battery life

Gruhas ASPIRE will make strategic investments and enable scale and market access for cohort start-ups

The green energy start-up will use the funding to accelerate the deployment of Ossus' OB HydraCel across various sectors and produce three to five tons of green hydrogen daily before the year-end