Karban Envirotech, which makes energy-efficient electrical gadgets, has secured Rs 8.93 crore in seed funding. The seed round was headed by Titan Capital, Rainmatter, and All In Capital.
Among the other investors in the seed round were JK Family Office and Urban Company. A few other well-known investors are Sarang Iyengar, Karan Jindal, Atul Gupta, Abhishek Goyal, Kunal Shah, Anupam Mittal (Shark Tank India), Bharat Jaisinghiani, and Sumer Sethi.
Read also – [Funding alert] Tech Platform Plane Secures $4 Mn Seed Funding
Karban Envirotech plans to use the capital to assist innovation and the creation of new products, grow its business, and fortify its workforce.
“We feel incredibly fortunate to have experienced partners who are not only supportive but also share our vision wholeheartedly. This funding marks a significant milestone, enabling us to accelerate our R&D efforts and develop world-class consumer products that are proudly Made in India,” Karan Bansal, founder, Karban Envirotech, commented.
With a higher energy efficiency than traditional fans and a dedication to lowering carbon footprints, Karban Envirotech offers cost-effective, quiet, and strong airflow.
“While India witnesses a splurging demand for air purifiers, a separate unit plugged in one corner of the room is inefficient and air purification solutions have seen little innovation. Karban’s Airzone is the 2024 alternative to existing air purifiers and ceiling fans both. Being design-forward, the Airzone is poised to blend seamlessly into the next generation of home interiors,” Kushal Bhagia, founder, All In Capital, said.
About Karban Envirotech
Founded in 2021 by Karan Bansal and Tanya Goyal, Karban Envirotech is a trailblazing consumer electronics company.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
