The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, Chemical Manufacturing & Digital Entertainment marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, & others.

Funding News: FluxGen Raises Rs 28 Crore to Power Growth and Water Sustainability Across Regions

Startup: FluxGen               

Founder: Ganesh Shankar, Emanuel Deepak

About us: FluxGen's Water Intelligence SaaS Platform AquaGen leverages IoT, AI and Distributed Ledger to tracking, measure and analysing water consumption data, and uses to identify ways to reduce usage and wastage. Thus, we reduce the cost of water for our clients and help industries become more responsible and sustainable, and well as de-risking from water crisis. 

Founded Year: 2021

Office: Bangalore

Sector: Climate tech

Funding Round: Pre-Series A

Investors: IAN Alpha Fund, Rainmatter, Gameskraft Technologies, Intersection Ventures, Force Ventures, Axilor Ventures and Arali Ventures

FluxGen, a Bengaluru-based climate tech firm, has raised Rs 28 crore in a pre-Series A funding. This is in preparation for aggressive expansion in India and the Middle East. The financing round was led by IAN Alpha Fund and saw participation from Rainmatter, Gameskraft Technologies, Intersection Ventures, and Force Ventures. It also saw existing ones like Axilor Ventures and Arali Ventures.

With more than 100 clients, such as industry giants Aditya Birla, Tata Group, and Microsoft, FluxGen aims to expand operations in its high-priority geographies."With this fundraise, we would like to scale across India and the Middle East", said Ganesh Shankar, Founder & CEO, FluxGen.

The company offers end-to-end water intelligence solutions to industries, assisting them in managing water risks and becoming sustainable. Generating Rs 10 crore in revenue currently, FluxGen plans to increase that to 2.5 times and reach the Rs 100 crore level in three years.

Website: http://FluxGen.com