Lead by Colossa Ventures, cleantech firm Exposome has raised Rs 15 Cr (about $1.7 Mn) in a pre-series A investment round. Along with previous supporters, such as Rahul Rathi, the promoter of Sudarshan Chemical, Bhukhanvala Holdings Private Limited, Excel Industries Limited, and Spectrum Impact, among others, 3i Partners also participated in the round. According to the company, Colossa Ventures, which invested Rs 10 Cr in Exposome, also acquired a 10% interest. With the additional funding, the firm intends to grow and reach a wider audience while providing air and water cleaning solutions to clients in India and other countries.
Tracxn claims that during that time, company lost Rs 37.4 Lakh net. The main goal of Colossa Ventures LLP, an independent venture capital firm registered with SEBI, is to invest in businesses that support women. The bulk of its investments are in the auto tech and life sciences sectors, and it owns stakes in well-known businesses including VIOMA MOTORS and Serigen.
Previous to that, in May, a variety of investors, including We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation, and Google, contributed $1 million (Rs 8.3 Cr) to the cleantech business EcoRatings in a pre-seed investment round. The investors provided a combination of grants and shares. Cleantech firm Accacia, which focuses on real estate, raised $6.5 million (about Rs 54 crore) in April through a Pre-Series A funding round led by Illuminate Financial. Participating in the deal were Accel and B Capital, as well as AC Ventures.