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In the fast-evolving Indian startup ecosystem, venture capital firm Cactus Partners has carved out a reputation for investing with intent. Their approach is driven not by hype but by strong fundamentals, founder conviction, and a hands-on support model.

Electronics systems design and manufacturing startup Indigrid Technology has raised $4 million (around Rs 35.2 crore) in a follow-on funding round from Cactus Partners at a post-money valuation of around Rs 600 crore.

The funding will be used to expand and upgrade the company's R&D centres, establish partnerships in key international markets, develop next-generation product platforms, and scale manufacturing through new high-efficiency production line.

The electronics design-led manufacturing company will use the newly raised funds to fuel R&D, enter global markets, and scale-up manufacturing.

Rajat Verma, founder and CEO of Lohum, says that the battery recycling and critical minerals refining company is considering an initial public offering (IPO) by 2027, and aims to raise $200 million before listing.

Car parking solutions provider ParkMate has raised $1.2 million in a new funding round led by early growth-stage venture fund Cactus Partners. The round also saw participation from existing investors, including Venture Catalysts and the Marwah Group Family Office.

Cactus Partners will acquire a low double-digit percentage stake in Indigrid, post-funding. This is the firm’s maiden institutional funding, having raised $1.5 million from angel investors in previous rounds.

Energy transition materials maker Lohum has raised Rs 450 crore ($54 million) in a primary funding round led by Mumbai-based Singularity Growth Fund, which counts CaratLane founder Mithun Sacheti among its backers.

Cactus Partners, an early growth-stage venture investment firm that backs startups in climate tech, enterprise software and health tech, announced the final close of its first fund.

Mumbai-based venture capital firm Cactus Partners is looking to mark the final close of its maiden fund in coming months. The VC firm marked the fund’s first close in August last year, raising Rs 350 crore (around $44 million) from several local and international institutional investors.

The newly-raised funds will be utilised by Kapture CX to expand its presence in international markets, enhance its product offerings, and bolster its team.