Ashish Kacholia

The round was led by renowned investor Ashish Kacholia, with participation from existing backers Pradeep Rathod of Cello Group and Prithviraj Kothari of Arvog Financial.

The Mumbai-based startup aims to deploy the fresh funds to space-qualify its proprietary technologies within the next 12 months, grow its high-performance engineering team, and accelerate the deployment of satellite life-extension platforms in global markets.

The Gurugram-based medical devices manufacturer aims to deploy the fresh funds to enhance manufacturing capabilities, bolster research and development (R&D), and accelerate business development initiatives.

With the raised funds, the consumer food brand aims to expand its distribution channels and strengthen its product offerings, especially in its newly launched range of 100% fruit juices.