EarthFokus Raises INR 1.52 Cr from the Chennai Angels
EarthFokus, a company offering Water savings as a service to commercial and residential clients has raised INR 1.52 CR from The Chennai Angels in a recent fundraise.
EarthFokus intends to use the funds for geographic scaling, marketing, expansion of product range and introducing newer, more efficient solutions in the water saving space.
Read also – [Funding alert] Doqfy Secures Rs 7.5 Cr in Pre Series A From Turbostart, Others
EarthFokus, an IIT-M incubated startup is striving to be the Water Saving Partner for all organizations. They help save freshwater right at the point of consumption. The company manufactures its products in metal, in an otherwise plastic heavy industry. The company claims their attachments are pressure resistant and truly water saving in nature, saving 50% more than other aerators in the market, while ensuring an uncompromised experience for the end user. Offering comprehensive solutions for all fixtures (showers, health faucets) and not only taps, but they also provide smart water management for different commercial and residential spaces, with complete automation and leak detection.
Founder of EarthFokus, Arun commented on the recent fundraise saying, “Water scarcity is a growing concern and at EarthFokus, we’re dedicated to making a significant impact. Our range of water management products and services has already saved over 5 billion litres of water, and with the support of TCA and its investors, we’re excited to expand across India. Our unique approach focuses on water reduction as our core mission by implementing a range of water saving techniques. With our team’s expertise and dedication, we’re confident that we’ll continue to make a difference in the nation’s water usage.”
Read also – Accenture to Acquire Industrial AI Company Flutura
Lead Investor from The Chennai Angels, Ramkumar L, said, “We’ve been following EarthFokus’ work for some time now and have found the Founder to be extremely passionate about water management. His drive is backed with the ability to manufacture top-end products, sought after by large organizations that have partnered with his company. This is something that will greatly impact the bettering of our environment now and tomorrow.”
Mridula Ramesh, Investor from The Chennai Angels added, “As the climate heats up, managing water will take centre stage. That’s why I am thrilled we are investing in EarthFokus who translates a deep understanding of water engineering into effective products to manage it well.”
Read also – Avanti Finance Partners with Stellapps mooPay to Provide Access to Credit for Underserved Independent Dairy Farmers in Rural India
About The Chennai Angels
The Chennai Angels is one of India’s most active Angel Investing groups. Founded in the year 2007, it is comprised of successful entrepreneurs and business leaders with a track record of starting and scaling large enterprises. Over the years, TCA has invested in over 75 start-ups. TCA portfolio companies benefit from the collective expertise and rolodex of its members.