{
  "id": 2591654,
  "title": "Raana Semiconductors In Talks To Raise ₹100 Cr For Silicon-Growth Equipment",
  "url": "https://urgent.news/2026/08/22/raana-semiconductors-in-talks-to-raise-100-cr-for-silicon-growth",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-22T14:08:11.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/raana-semiconductors-in-talks-to-raise-%e2%82%b9100-cr-for-silicon-growth-equipment/"
  },
  "original_language": "en",
  "account": "Raana Semiconductors is engaged in advanced discussions to raise ₹100 Cr ($10.4 Mn) for its Series A funding round, according to founder Rajasekar Elavarasan. An Indian venture capitalist is set to lead the round with a contribution of approximately ₹50-₹60 Cr, while other investors could join, potentially doubling existing investors' stakes. The company aims to finalize the round by October.\n\nThe primary use of the funds will be to enlarge Raana's Czochralski (CZ) crystal-growth equipment from 6 inches to 12 inches, refine the silicon-growth process, and develop a local supplier network for the equipment. About 30%-40% of the capital will be allocated to improving the silicon-growth process, while the rest will go to building a local equipment supply base and hiring staff.\n\nThis fundraising comes seven months after Raana raised $3 Mn in a seed round led by Equirus Innovatex Fund and Artha Venture Fund. Founded in 2015, Raana designs and manufactures CZ crystal-growth systems for single crystals used in semiconductor, solar, defense, photonics, and atomic-energy sectors. The startup has previously worked on other crystal-growth technologies before focusing on CZ technology in 2019. Its systems have been supplied to national institutions such as BARC, DRDO, IGCAR, RRCAT, C-MET, and NPL.\n\nRaana's CZ technology involves melting high-purity silicon to create large single-crystal ingots, which are then cut into thin wafers for solar cells and semiconductor chips. The company is upgrading its existing 6-inch system to a 12-inch system to produce semiconductor-grade silicon for both solar applications and semiconductors. Raana's vice president of technology, Avinash Kumar, stated that the team is implementing all designs, including materials, chambers, and thermal profiles for the larger system. The startup will perform hot-zone simulations, fine-tune the process recipe, and demonstrate the equipment to potential customers within two to three months.\n\nCurrently, Raana generates revenue primarily from national laboratories and defense customers, including DRDO, atomic-energy labs, and defense PSUs. The company earned ₹10.5 Cr in revenue during the financial year ending March 2026. In the near term, Raana intends to sell its CZ crystal-growth equipment to solar manufacturers for wafer and solar-cell production, with plans to eventually target semiconductor manufacturers. Additionally, the company is planning to establish a pilot silicon-manufacturing plant in Tamil Nadu.",
  "summary": "Semiconductor startup Raana Semiconductors is in advanced talks to raise ₹100 Cr (around $10.4 Mn) in its Series A funding…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}