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

Entrackr · 12h

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.