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Minimac Systems raises ₹30 Cr led by Rainmatter to scale lubricant recycling; funds to fuel R&D of fluid-treatment infrastructure and doorstep services

Minimac Systems, a Pune-based startup, has raised ₹30 Cr ($3.2 Mn) in funding led by Rainmatter to enhance its lubricant recycling efforts. The funds will support R&D for fluid-treatment infrastructure and expand its doorstep services across India, addressing the country's significant lubricant market needs.

Inc421 September 2026 · 14:17 UTC
CuriousCats Full Story

Minimac Systems, founded in 2012 by IIM Indore alum Anshuman Agrawal, has secured ₹30 Cr ($3.2 Mn) in funding from Rainmatter to enhance its lubricant recycling capabilities. The startup aims to scale its circularity infrastructure across India, addressing the country's significant lubricant market, which consumes over 5 Mn tonnes annually.1

The funds will be allocated towards research and development of miniaturised fluid-treatment infrastructure, fleet automation, and fluid analytics. Additionally, some capital will deepen its recycling technology and expand its doorstep services footprint. Minimac operates in three areas of lubricant circularity, including a nano circularity offering that monitors lubricant condition and contamination while remaining in industrial equipment.23

The startup's ‘Recycling on Wheels’ service deploys mobile treatment systems directly at industrial plants, allowing companies to assess and restore lubricants onsite. Agrawal stated, “This investment lets us bring advanced restoration and circularity infrastructure within reach of many more industrial plants across India.”4

India, the world’s third-largest lubricant market, imports over 60% of its base oil requirements, with an annual import bill exceeding $2.7 Bn. Minimac claims to have deployed over 2,500 miniaturised fluid-treatment systems with a processing capacity of over 3 Lakh liters per minute, working across more than 2,200 industrial assets and keeping over 14 Mn litres of lubricant in productive use. The startup aims to help abate 860 gigagrams of carbon dioxide equivalent emissions by 2034.

Key Insight
“The funding round, led by Zerodha's investment arm Rainmatter, values the round at $3.2 Mn. Minimac plans to deploy capital toward miniaturised fluid-treatment infrastructure, fleet automation, and fluid analytics, while also expanding doorstep services, according to Agrawal.”
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Inc42
“Pune-based startup Minimac Systems has raised ₹30 Cr ($3.2 Mn) in a fresh funding round led by Zerodha’s investment arm Rainmatter as it looks to scale its lubricant recycling and circularity infrastructure across India.”
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EARLIER IN THE STORY:
Rainmatter leads Rs 30 crore pre-Series A in Minimac Systems to scale lubricant circularity; proceeds to fund R&D in fluid analytics
Entrackr
Rainmatter leads Rs 30 crore pre-Series A in Minimac Systems to scale lubricant circularity; proceeds to fund R&D in fluid analytics

Minimac Systems has raised Rs 30 crore in a pre-Series A round led by Rainmatter, the investment firm backed by Zerodha.

Adani GroupBharat Heavy ElectricalsBharat Petroleum Corp
2026-09-01
TL;DR by CuriousCats.ai
  • Industrial deep-tech company Minimac Systems has raised Rs 30 crore in a pre-Series A funding round led by Rainmatter, the investment firm backed by Zerodha, with participation from other venture capital firms.
  • The proceeds will be used to advance R&D in miniaturised treatment infrastructure, fleet automation and fluid analytics.
  • The company will also scale its Recycling on Wheels model through regional hubs across major industrial clusters and strengthen its commercial, digital and operational capabilities.
  • The company aims to abate 860 gigagrams of CO₂e emissions by 2034.
  • The company claims to have deployed more than 2,500 miniaturised fluid-treatment systems with a combined installed processing capacity of over 300,000 litres per minute, and has worked across more than 2,200 industrial assets, keeping over 14 million litres of lubricant in productive use across India and international markets.
  • Through Lubricants as a Service, Minimac plans to manage lubricant supply, monitoring, restoration, compliance and end-of-life recovery inside the plant.
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