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CLR Facility Services raises $15 Mn from BII

EntrackrEntrackr · 7m ago
CLR Facility Services raises $15 Mn from BII
Medial

CLR Facility Services raises $15 Mn from BII Integrated facility management company CLR Facility Services has raised $15 million (approximately Rs 125 crore) from British International Investment (BII), the UK’s development finance institution and impact investor. The proceeds will be used to support CLR’s expansion across India, scale its integrated facility management operations, invest in vocational training, and enhance ESG practices. Founded in Pune, CLR provides services such as cleaning, engineering, mechanical maintenance, and production support to corporate clients. It currently employs over 20,000 blue-collar workers and operates across nine states. “This investment will empower us to create more opportunities for our workforce, drive innovation in facility management, and extend our impact across new markets,” said Gaurav Pathak and Gautam Pathak, promoters and directors of CLR Facility Services. The company plans to more than double its workforce to 50,000 in the next five to seven years, with a focus on employing more women and individuals from underserved communities. It will also build training centres in tier-II cities to skill untrained and semi-skilled workers. CLR is known for its structured skilling and employment model, with 25% of its workforce being women. In 2018, it received its first institutional investment from First Bridge Investment Managers. The company serves over 160 clients and competes with players such as BVG India, UDS, and ISS Facility Services in the facility management space.

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DCDC Health Services raises nearly $10 Mn from BII

EntrackrEntrackr · 1y ago
DCDC Health Services raises nearly $10 Mn from BII
Medial

DCDC Health services private limited (DCDC), operating dialysis centers under its brand DCDC Kidney Care, has secured a strategic investment of Rs 82 crore (nearly $10 million) from British International Investment (BII), the UK’s development finance institution and impact investor. The proceeds will be used to deliver critical, life-saving dialysis treatments to low-income patients suffering from end-stage renal disease (ESRD). DCDC operates dialysis clinics in public-private partnership (PPP) arrangements with state governments. It provides treatments to economically weaker sections of the population. The startup claims to have a rollout of 900 dialysis machines in over 100 centers over the next three years. It is expected to reach over 15,000 unique patients, the majority of whom are low-income. This will also create around 1,000 direct jobs. According to BII, at least 30% of its total new commitments by value will be allocated to climate finance between 2022 and 2026. The company currently holds investments in over 1,580 businesses across 65 countries.

Grow Indigo raises $10 Mn from British International Investment

EntrackrEntrackr · 10m ago
Grow Indigo raises $10 Mn from British International Investment
Medial

Grow Indigo raises $10 Mn from British International Investment Agritech startup Grow Indigo has raised $10 million from British International Investment (BII), the UK's development finance institution and impact investor. The proceeds will be used to accelerate the expansion of Grow Indigo's sustainability programs across India. Grow Indigo promotes sustainable techniques such as direct seeded rice and no-tillage farming that deliver enhanced soil health, reduced erosion, preserved biodiversity, improved water efficiency, and reduced manual labor, particularly benefiting women farmers. The company claims to have covered over 2.5 million acres of smallholder farmland already enrolled across 7 states. Grow Indigo also partners with food and fashion companies to facilitate sustainable sourcing and reduce their supply chain emissions. It has a presence across 16 states with over 2000 distribution partners and a 600-foot-on-ground team offering products from seed treatment to harvest.

Solar platform Aerem Solutions raises $15 Mn in pre-Series B

EntrackrEntrackr · 17d ago
Solar platform Aerem Solutions raises $15 Mn in pre-Series B
Medial

Solar platform Aerem Solutions raises $15 Mn in pre-Series B Distributed solar platform Aerem Solutions has raised $15 million (Rs 136 crore) in a pre-Series B funding round led by SMBC Asia Rising Fund, the venture arm of Sumitomo Mitsui Banking Corporation (SMBC). Existing investors British International Investment (BII), UTEC, Blume Ventures, Avaana Capital, Riverwalk Holdings, and SE Ventures (Schneider Electric) also participated in the round. With this infusion, Aerem’s total funding has reached approximately $34.5 million. Prior to the current round, the Mumbai-based startup had raised Rs 100 crore (around $11.7 million) in April last year, led by UTEC. In 2023, it had raised $5 million in an earlier funding round led by Avaana Capital. The fresh capital will be used to expand Aerem’s pan-India footprint, strengthen its EPC and installer partner network, and drive solar adoption among MSMEs and residential customers. The company also plans to invest in improving affordability, execution quality, and post-installation performance visibility. Founded in 2021, Aerem operates a full-stack platform for distributed solar adoption in India, integrating solar financing, an equipment marketplace, and a technology layer spanning system design, procurement, financing, and asset monitoring. It primarily serves MSMEs, homeowners, EPCs, and financial institutions. To date, Aerem claims to have enabled over 1,200 MW of solar capacity and financed more than 2,000 projects across the country. The company works with over 3,200 installation partners across 150 cities in India.

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