New Delhi, Jan. 28 -- Agrani Labs, an AI semiconductor startup building GPU solutions for datacentres, deep-tech startup D-Propulse Aerospace and on-demand recycling platform ScrapUncle have raised early-stage funding.

Agrani Labs

AI semiconductor startup Agrani Labs has emerged from stealth after pocketing $8 million (about Rs 73 crore) in a seed round led by venture capital from Peak XV Partners, with participation from angel investors.

The startup was founded by veterans from Intel and AMD, including Dheemanth Nagaraj, Ashok Jagannathan, Srikanth Nimmagadda, and Rajesh Vivekanandham.

It is developing a full-stack solution, including end-to-end software comprising AI frameworks, compilers, libraries, system software, addressing one of the primary bottlenecks in non-incumbent AI chip adoption.

"We are excited to emerge from stealth," said Dheemanth Nagaraj, chief executive of Agrani Labs. "For a team that has lived and breathed compute architecture for decades, building an AI computer grounds-up to help advance the potential of this technology is gratifying. We are leveraging India's immense semiconductor and software talent to build a product that will compete on the global stage."

D-Propulse Aerospace

D-Propulse Aerospace, a deep-tech startup that is creating next-generation propulsion systems, has raised Rs 25 crore from early-stage investment platform IAN Group's IAN Alpha Fund.

It plans to use the fresh funds to expand the engineering team, strengthen computing and simulation capabilities, and set up limited testing infrastructure.

Set up in July 2025, the startup is an aerospace startup focused on developing next-generation high-speed propulsion systems for defence and civilian applications, using its proprietary rotating detonation engine (RDE) technology.

ScrapUncle

ScrapUncle, an on-demand recycling platform, has secured 22 crore ($2.4 million) in a pre-Series A funding round co-led by Orios Venture Partners and Acumen Fund.

The round also saw participation from Upaya Social Ventures, Venture Catalysts, We Founder Circle, Soonicorn Ventures, and angel investor Bharat Jaisinghani.

The company plans to use the capital to deepen its presence across the Delhi-NCR area, scale operations to achieve Rs 100 crore in annual recurring revenue, and lay the foundation for expanding its app to other metro cities, it said in a statement. It will also use the funding for investing in fulfilment infrastructure, technology, and workforce.

ScrapUncle, founded by Mukul Chhabra, is building a one-stop recycling application that allows doorstep collection of all recyclables, from e-waste, paper, metals, cartons, plastics, textiles, to even end-of-life vehicles, with a core focus on household collection, the most complex part of the recycling supply chain.

Published by HT Digital Content Services with permission from VC Circle.