Incubation/Acceleration
Disposable battery maker Aloe Ecell attracts Rs.3.5 Cr
Lucknow-based Aloe Ecell has raised INR 3.5 crore, comprising INR 2.5 crore in equity financing and INR 1 crore in debt, through the Bharat Ke Super Founders TV series. Thyrocare founder Dr A. Velumani committed INR 1.25 crore for a 2.08% stake, while Nazara Technologies CEO Nitish Mittersian invested INR 50 lakh for 0.83%. All In Capital's Aditya Singh contributed INR 25 lakh for 0.42%, and Shanti M invested INR 50 lakh for another 0.83%.Aloe Ecell is focused on developing eco-friendly disposable batteries. The capital will be used to expand distribution channels via quick-commerce platforms and to scale its operations.
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