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Climate tech startup FluxGen raises Rs 28 Cr in pre-Series A

EntrackrEntrackr · 9m ago
Climate tech startup FluxGen raises Rs 28 Cr in pre-Series A
Medial

Climate tech company FluxGen Sustainable Technologies has raised Rs 28 crore in a pre-Series A funding round led by IAN Alpha Fund. The round also saw participation from Rainmatter, Gameskraft Technologies, Intersection Ventures, and Force Ventures, along with existing investors Axilor Ventures and Arali Ventures. The funds will be used to scale FluxGen’s AI and IoT-powered water management solutions, expand into new industrial markets, and strengthen customer acquisition efforts in India and internationally, the company said in a press release. Co-founded in 2021 by Ganesh Shankar and Emanuel Deepak, FluxGen provides end-to-end water intelligence solutions, enabling real-time monitoring, predictive analytics, and regulatory compliance for industries. The startup’s patent-pending products and flagship platform, AquaGen, empower companies to optimize water usage, prevent wastage, and mitigate water-related operational and supply-chain risks. The Bengaluru-based company claims to have over 110 clients, including industry giants such as TATA Steel, Aditya Birla Group, Care Hospitals, Mahindra Group, and Microsoft. It serves high water-use sectors like metals and mining, food and beverage, textiles, pharmaceuticals, automotive, and healthcare. The company also claims that its customers have reported up to a 30% reduction in water consumption. According to market research, the Indian smart water management market is projected to be valued at over Rs 42,000 crore over the next 7–10 years, with an annual Rs 5,000 crore SaaS opportunity. FluxGen leverages cutting-edge technologies such as Artificial Intelligence (AI), Generative AI, Geospatial Imaging, and Cloud Computing and aims to make water data as transparent as water itself. Through AI-driven analytics, the company enables real-time monitoring of entire water networks, offering prescriptive insights to optimize water systems, minimize wastage, and enhance water management while mitigating risks. FluxGen states that it has partnered with Cisco, KPMG, and Microsoft, and its solutions are trusted by clients across various sectors, including natural resources, manufacturing, smart cities, commercial real estate, and healthcare facilities. The company’s solutions are designed for seamless scalability across diverse use cases and geographies. FluxGen plans rapid expansion both domestically and internationally, particularly in the Middle East and Africa, regions where water scarcity is a critical concern.

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Climate tech startup Aurassure raises Rs 25 Cr in pre-Series A

EntrackrEntrackr · 12d ago
Climate tech startup Aurassure raises Rs 25 Cr in pre-Series A
Medial

Snippets Climate tech startup Aurassure raises Rs 25 Cr in pre-Series A Climate tech startup Aurassure has raised Rs 25 crore (around $3 million) in a pre-Series A funding round led by Rainmatter, the investment arm of Zerodha, and Unicorn India Ventures. Maithan Alloys Limited also participated in the round. Founded in 2022 by Akanksha Priyadarshini, Aurassure operates a climate intelligence platform that provides real-time, hyperlocal environmental risk data for enterprises and public-sector users. Its platform combines data from street-level sensors, satellite inputs and AI-based models to track parameters such as air quality, heat stress, rainfall, flooding and wind patterns. The proceeds will be used to expand internationally, invest in product development, and scale its hardware manufacturing capabilities. The firm said it will focus on markets across Latin America, South Asia and Africa, where climate volatility is high and reliable environmental data is limited. Over the past year, Aurassure has set up a wholly owned subsidiary in Brazil and rolled out deployments across more than 100 cities in the country. It has also initiated pilot projects in Bangladesh. In India, the startup claims to be present across 200 cities with a network of over 2,000 sensors. According to Aurassure, revenues have grown 150% year-on-year since its last funding round in 2023, with enterprise customers across sectors such as construction, insurance, healthcare, industrial operations and infrastructure. Aurassure plans to expand its sensor network, onboard new enterprise clients and scale its climate analytics platform. The startup is targeting deployments in 1,000 cities over the next three years.

Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round
Medial

Sportstech startup Stupa Sports Analytics has raised Rs 28 crore in its pre-Series A round led by Centre Court Capital and PeerCapital. Earlier to this pre-Series A round, Stupa had raised Rs 7.5 crore in seed and pre-seed funding. The proceeds will be used to fuel its talent acquisition, global expansion, and product enhancement initiatives. The latest fund pool will also be deployed to attract top AI/ML and engineering talent to build advanced solutions. The fund will also power Stupa’s ambitions to expand globally into markets like the US, UK, Australia, and the Middle East while expanding its existing presence in regions like Europe and Asia. Founded by Megha Gambhir, Stupa Sports Analytics offers a comprehensive suite of AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitization tools for athletes, sports federations, broadcasters and fan communities worldwide. Stupa claims to have established over 15 strategic partnerships with key governing bodies and sports federations, primarily in Europe.

ProcMart raises Rs 25 Cr in pre-Series B round

EntrackrEntrackr · 1y ago
ProcMart raises Rs 25 Cr in pre-Series B round
Medial

Business-to-business procurement marketplace ProcMart has raised Rs 25 crore ($3 million) in its pre-Series B round from Sixth Sense Ventures India. The board at ProcMart has issued 5,933 pre-series B CCPS at an issue price of Rs 42,127 each to raise Rs 25 crore, its regulatory filing soured from the RoC shows. Previously, the startup had raised $10 million in its Series A round led by Sixth Sense Ventures in November 2022. Following the fresh proceeds, Sixth Sense became the largest external stakeholder with 30% stake in ProcMart while its founder and chief executive officer Anish Popli will command 41.76% of the company. As per the startup data intelligence platform TheKredible, the latest capital injection has been done at a valuation, which is Rs 275 crore. Founded in 2015 by Anish Popli, the IndiaMART-backed startup provides supply chain solutions and infrastructure to businesses including services such as purchase order management, contract administration, master data management, e-catalogue management and market intelligence. ProcMart’s clients include Colgate, Mondelez, Harman, and Vedanta. It has 13 offices in India and one in Malaysia. The company also launched white-label in 2022 to provide construction equipment. The Noida-based company recently announced a strategic collaboration with local vendors in the biomass briquettes and pellets manufacturing sector. It competes with Lightspeed Ventures-backed Udaan in the B2B supply chain space.

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