Internet-Driven Funding Boosts Exposome's Purification Solutions
Internet Cleantech Startup Exposome Secures Funding
Exposome, an innovative startup in the cleantech sector, has successfully raised INR 15 Cr (approximately $1.7 million) in its Pre-Series A funding round. The funding was primarily backed by Colossa Ventures, with additional participation from notable investors such as 3i Partners, Sudarshan Chemical’s promoter Rahul Rathi, and others.
Growth Strategy and Market Impact
With air and water purification solutions as its core offering, Exposome aims to utilize the newly acquired capital to expand its market reach and operations. According to Exposome's founder, Prerna Goradia, Colossa Ventures' involvement signifies a valuable partnership to bridge the technology gap in emission and effluent treatment.
- Exposome focuses on creating solutions for capturing air emissions.
- The startup generates reusable molecular filters specifically for wastewater treatment.
- In the last fiscal year, Exposome reported revenues of INR 76.4 Lakh but faced a net loss of INR 37.4 Lakh.
Investing Trends in Cleantech
Investor interest in the cleantech sector continues to rise. In recent months, platforms like India Accelerator have launched initiatives to support cleantech ventures.
- In May, EcoRatings secured $1 million from various investors, highlighting a thriving ecosystem.
- Recent fundings also saw Accacia raise $6.5 million to bolster its cleantech initiatives.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.