At the demo day of PETRONAS FutureTech 3.0, PETRONAS’ accelerator program, Kazam got featured as one amongst ten startups selected for showing the most potential in developing impactful, future-focused and sustainable innovations which are able to meet energy transition needs. Kazam is also part of five selected startups that will be taking part in a one-week regional immersion programme specially curated by PETRONAS Ventures and Singapore-based innovation, venture, and startup enabler StartupX.

Congratulations to Akshay Shekhar and the entire Kazam team for winning this opportunity.

Read more here.

We are delighted to lead Sentra.world’s in a seed funding round and welcome Harsh Choudhry and Vikas Upadhyay to the Avaana family. Sentra.world is an AI led company that aims at decarbonising industrial manufacturing. Sentra.world provides a way array of products to help companies calculate their greenhouse gas emissions, including sentra.calculus, sentra.trace, and sentra.reduce.

“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”, says Harsh, Co-Founder and CEO of Sentra.world.

Read more here.

EekiFoods, one of our portfolio companies, won in the Sustainability Category of the National Startup Awards 2023 hosted by the Department for Promotion of Industry and Internal Trade. This award is a testament to the innovation and the dedication of the entire team. Congratulations to Abhay Singh and Amit Kumar for this well-deserved recognition.

Eeki has created patented growing chambers for climate resilient production of daily vegetables, along with increased yield and reduced water consumption compared to conventional farming. Eeki’s innovation has transformative potential to strengthen and safeguard food and nutrition security as climate change continues to adversely impact food production around the world.

Read about the awards here.

Eggoz, one of the largest consumer brand for eggs and allied products, was featured on Forbes India Select 200 Companies with Global Potential 2023. This gave them the opportunity to connect with industry leaders, visionaries, and innovators from around the globe to discuss the future of the egg industry. Congratulations to Abhishek Negi and Aditya Singh for this achievement.

Eggoz provides the freshest, protein-packed eggs, rich in Omega-3 and healthy amino acids and is currently delivering quality nutrition across 8 cities, while helping farmers maximize their earnings.

The Ahmedabad facility, first of its kind in the state of Gujarat, started operations in August 2021 and is today running at full capacity of about 400-500 bicycles per day, based on a mix of geared and non-geared.

The facility employs ~130 people, who have been trained in varying skills like wheel building, fitting, assembly, packaging and dispatch. The bicycles produced in this facility have been dispatched and sold across India and have found superb acceptance amongst Indian consumers.

FarMart Global is a fully integrated platform offering businesses around the world access to Indian produce in a traceable, consistent and reliable way. Launched in August, 2022, with GCC, EU and Bangladesh trade-routes, FarMart has so far traded in multiple commodity categories such as rice, spices and coffee. 

Through its partnerships-first approach, FarMart provides local export SMEs with procurement, quality assaying and financial services to strengthen their global competitiveness. By making international market linkages transparent, sustainable and secure, FarMart aims to bring India a step closer to being the “Global Food Bowl”.

We are delighted to announce our investment in Terra.do and partner with them on the mission to get 100 million people to work in climate by 2030, as the world’s first platform for climate careers, learning and community.  Terra.do launched their app on the Apple App Store and Google Play Store, offering unique, insider access to climate professionals and hiring managers at top climate tech companies, thus becoming the platform to work in climate.

“We believe that climate and sustainability are the next digital. The climate crisis will require every aspect of our economy to transform and incorporate sustainability, resulting in the emergence of the climate economy. Terra.do’s new app and its approach, combining learning and jobs, empowered by a strongly engaged community, will enable better outcomes on the climate front,” said Anjali Bansal.

Welcoming Anshuman Bapna, Kamal Kapadia, Ph.D., Mayank Jain & the Terra.do team to the Avaana Family.

Read more here.

Turno raised $3.1 million in an equity funding round led by Stellaris Venture Partners, along with Avaana Capital.

Turno is accelerating the adoption of commercial EVs by leveraging technology, to recommend the right EV models to its customers based on use-case, and unlock affordable financing options. Turno’s proprietary underwriting methodology leverages battery analytics to monitor the health of the EV throughout its life. Since its launch, Turno has already captured a 75% market share in the retail cargo 3W segment in Bangalore.

We are delighted to partner with Turno in their mission to accelerate India’s transition to green mobility, and welcome Hemanth Aluru, Sudhindra Reddy, and the Turno team to the Avaana family..

Read more here.

Avaana congratulates Abhishek Negi on being recognized as Forbes 30 Under 30 Asia 2022 in Retail & E-commerce. A well deserved accolade for the shared vision of Abhishek, Aditya Singh & Uttam Kumar, to build Eggoz Nutrition as the largest consumer brand for egg and allied products, providing quality nutrition to India.

Eeki Foods raised $6.5M in a funding round led by General Catalyst, only 3 months since it’s previous round led by Avaana Capital. 

Eeki’s patented plant growth system is revolutionizing farming to deliver high-quality, residue-free, Indian staple vegetables at affordable prices. It’s technology enables climate-resilient food systems that operate in a highly resource-efficient manner, using upto 80% less water while generating 3x yields.

We are delighted to be early believers in Eeki’s journey, and continue supporting Abhay Singh, Amit Kumar  and the Eeki Foods team.

Read more here.