Dashamlabs raises Rs 12 Cr in seed round led by Speciale Invest

Dashamlabs, a materials science company pioneering high-performance silica aerogel insulation materials, has raised Rs 12 crore in a seed funding round led by Speciale Invest, with participation from IIMA Ventures.

The proceeds will be used to expand its R&D and production capacity, build pilot systems and collaborate with partners across oil & gas, EVs, defense, and construction to validate and scale its aerogel products, Dashamlabs said in a press release.

Co-founded in 2024 by Ankit Jhanwar, Apoorv Balwani, and Devakar Dhingra, Dashamlabs is a deep-tech materials company manufacturing silica-aerogel-based flexible sheets and insulation materials. The company develops high-performance, fire-resistant, and lightweight insulation products designed for industrial, mobility, and infrastructure applications.

According to the Delhi-based startup, its proprietary technology enables the production of flexible silica aerogel sheets with ultra-low thermal conductivity, high-temperature stability (from -150°C to 1000°C), hydrophobicity, and fire resistance. The company focuses on optimizing ethanol-based supercritical drying while advancing toward ambient-pressure drying for scalable and cost-efficient mass production.

“We’re on a mission to make energy-efficient materials accessible across industries. By scaling advanced aerogels made in India, we aim to enable cleaner, safer, and more efficient technologies globally,” said Ankit Jhanwar, co-founder & CEO of Dashamlabs.