Capital on 2 July 2026 favoured climate tech, eldercare and specialty chemicals, with five startup rounds tracked. Battery recycler BatX Energies led the day with a ₹105 crore Series A, while eldercare firm Age Care Labs closed the first tranche of its Series B at ₹85 crore. In IPO news, FirstCry parent BrainBees-backed Swara Baby Products filed its DRHP for a ₹1,000 crore public issue. Sparrow Capital also closed its third fund at ₹475 crore to back seed-stage founders. Gurugram-based BatX Energies is a battery recycling and critical minerals recovery startup founded by Utkarsh Singh and Vikrant Singh. It recovers lithium, cobalt, nickel and graphite from end-of-life batteries and manufacturing scrap. The startup has raised ₹105 crore (~$11 million) in a Series A round led by IvyCap Ventures. Existing investors Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office and JITO also participated. BatX had earlier raised $5 million in a pre-Series A round led by Zephyr Peacock in December 2023. The fresh funds will be used to expand recycling and refining capacity, strengthen R&D, and accelerate a domestic supply chain for battery materials. The company is also developing Cathode Active Materials used in lithium-ion battery manufacturing. Gurugram-based Age Care Labs runs eldercare brands Emoha, an at-home and app-based platform, and Epoch Elder Care, which operates assisted living and dementia care homes. Founded in 2019 under Saumyajit Roy, the two brands serve more than 60,000 seniors across 120 cities. The startup has raised ₹85 crore (~$9 million) in a Series B1 round, part of a larger ₹250 crore (~$30 million) Series B expected to close by the first quarter of 2027. Investors include Zerodha-backed Rainmatter, Shrem Group, Pegasus Finvest and several family offices. Age Care Labs has raised over $20 million to date. The capital will fund service expansion, technology, and healthcare capabilities across India. As part of the round, Shrem Group has partnered with Emoha to launch Shremoha, a premium senior living platform. Age Care Labs competes with KITES Senior Care, Alserv and Ratan Tata-backed Goodfellows. BCT Ventures is an AI-native consumer brands platform co-founded by Kashyap Vadapalli, KV Ravi Shekhar and Anubhav Sonthalia. It will initially focus on the nutrition and wellness segment. The company has raised ₹42 crore in a seed funding round led by 3one4 Capital. It launched operations alongside the raise. BCT plans to build brands around protocol-led products, practitioner-led audiences and AI-enabled growth, using three proprietary engines named Nucleus, Resonance and Meridian across insights, product development and go-to-market. It intends to expand the approach to other consumer categories over time. Mumbai-based Tulon Materials is an R&D-led engineering startup developing high-performance and sustainable specialty chemicals. It was founded in June 2022 by Asesh Sarkar, Rabindranath Mandal and Harsh Bhatt. Tulo
