Dashamlabs raises ₹12 Cr to scale its innovative aerogel insulation tech

Dashamlabs, a Delhi-based materials science startup, raised ₹12 crore in seed funding led by Speciale Invest and IIMA Ventures. Founded in 2024 by Ankit Jhanwar, Apoorv Balwani, and Devakar Dhingra, the company develops high-performance silica aerogel insulation for oil & gas, EVs, defense, and construction. Funds will scale R&D and production of lightweight, fire-resistant materials.