Deep tech startup Tvasta raises seed funding from international investors
The Hindu
The startup said it had raised funding from Hestia Partners, Habitat for Humanity International, Capnetic Investments and ADB Ventures.
Deep tech startup Tvasta Manufacturing Solutions, which specializes in construction 3D printing, has raised a seed round funding from international investors.
The startup said it had raised funding from Hestia Partners, Habitat for Humanity International, Capnetic Investments and ADB Ventures. Details on how much each of investors funded could not be ascertained. But Habitat for Humanity International, through its Shelter Venture Fund, invested ₹3 crore ($411,000) to increase production of affordable 3D printed homes in India.
Tvasta Manufacturing Solutions, currently based out of Chennai and Bengaluru, will utilize the funding to boost in-house research, launch multiple new product lines for different solutions and scale-up construction 3D printing technology across India. The funding will also help execute current orders and expand project execution capabilities for undertaking larger projects.
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