India, Sept. 1 -- Pune-based startup Minimac Systems has raised Rs.30 Cr ($3.2 Mn) in a fresh funding round led by Zerodha's investment arm Rainmatter as it looks to scale its lubricant recycling and circularity infrastructure across India.

Minimac plans to deploy the fresh capital towards research and development (R&D) of miniaturised fluid-treatment infrastructure, fleet automation and fluid analytics. Some of the funds will also help in deepening its recycling technology and expand its doorstep services footprint.

Founded in 2012 by IIM Indore alum Anshuman Agrawal, Minimac Systems focuses on lifecycle management of lubricants. The startup operates across three areas of lubricant circularity.

While nano circularity offering focuses ...