Pre-series A funding

CADRE, an online dispute resolution (ODR) platform from Cohort 6 of Velocity, the Revenue Stage Incubation Program at NSRCEL, has raised $200,000 in its ongoing pre-series A funding round. CADRE ODR leverages AI-driven technology to provide dispute resolution. Addressing inefficiencies in traditional systems, their platform reduces resolution timelines to 45-60 days, offering a faster alternative to conventional methods.

Ukhi, from Cohort 5 of Velocity and also part of the Circular Economy Incubation Program run in collaboration with Pernod Ricard India Foundation, raised $1.2 million in a round led by Venture Catalyst & Angel Avtar Monga.

Ukhi develops biodegradable biomaterials from agricultural residues to empower the packaging industry with eco-friendly solutions. Their patent-pending technology transforms lignocellulosic waste into compostable materials, offering a scalable alternative to plastics.