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Colossa Ventures invests in cleantech startup Exposome

EntrackrEntrackr · 10m ago
Colossa Ventures invests in cleantech startup Exposome
Medial

Clean-tech startup Exposome has raised Rs 10 crore in pre-Series A round led by women-centric venture capital firm Colossa Ventures. The round also witnessed participation from 3i Partners and existing investors Rahul Rathi, Bhukhanvala Holdings, Excel Industries and Spectrum Impact. The fresh funds will be used to scale its operations & expand reach, and deliver impactful environmental solutions to clients in India and select overseas markets, Exposome said in a press release. Launched in 2020 by Prerna Goradia, Exposome creates sustainable and affordable solutions for capturing air emissions and treating wastewater. Its differentiated molecular filters incorporate a patented regenerative process and advanced filter materials that are customisable, long-lasting and reusable. The filters isolate contaminants and release cleanerair and water, enabling companies to comply with parameters such as Chemical Oxygen Demand (COD) standards. According to the Mumbai-based company, it has launched Pur-safe, an advanced molecular air filtration media for mitigating air pollution, and PurCODe, a next-gen regenerable media for treating wastewater effluents. These are cost-effective, plug-and-play solutions that can be deployed across a wide range of industries such as chemicals, pharmaceuticals, paint, oil, refineries, cement, thermal power, textiles, leather, amongst others. Exposome claims to have served more than 25 clients and deployed over 1,000 filters.

Related News

Colossa WomenFirst Fund raises Rs 100 Cr in first close

EntrackrEntrackr · 1y ago
Colossa WomenFirst Fund raises Rs 100 Cr in first close
Medial

Colossa Ventures, a SEBI-registered independent venture capital management company, has announced the first close of its maiden fund – Colossa WomenFirst Fund at Rs 100 crore. The fund with a target corpus of Rs 500 crore will primarily focus on investing in the pre-Series A stage and beyond. Based on research Colossa aims to create a niche in healthcare & healthtech, fintech, climate & cleantech, deeptech and the consumer sectors. The fund’s strategy is to leverage gender-diversity to generate alpha, and has attracted institutions such as SIDBI and family offices like Dr. Ranjan Pai’s Family Office, and the Shriram Ownership Trust, among others to invest in the first close. Co-founded in 2022 by Ashu Suyansh and Vandana Rajadhyaksha, Colossa WomenFirst Fund is a sector-agnostic venture growth fund, that seeks to revolutionize the startup landscape by focusing exclusively on women-founded or co-founded, or where women are the main beneficiaries. A bunch of women-focused funds are currently active in India. For context, Kalaari Capital runs CXXO initiative for female founders. Gender-focused investment platform Achieving Women Equity (AWE) Funds also launched its maiden India fund amounting to Rs 350 crore. Search giant Google runs a program called Google for Startups Women Founders Fund and provides $100,000 in equity-free cash to female-founded startups. Saha Fund, She Capital, and StrongHer Ventures also focus on women founder-led startups.

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