Internet Innovation in Cleantech: Exposome's Funding for Purification Solutions

Exposome Secures Funding for Purification Innovations

In a significant move for the cleantech industry, Exposome has secured INR 15 Cr (around $1.7 Mn) in its Pre-Series A funding round, led by Colossa Ventures. This funding round also featured participation from 3i Partners and several existing investors, including Rahul Rathi and Excel Industries Limited.

Funding Details and Future Plans

According to company reports, Colossa Ventures has acquired a 10% stake in Exposome through a INR 10 Cr investment. The startup intends to utilize this capital to expand its operations and offer superior air and water purification solutions in India and beyond.

“We view Colossa Ventures as a pivotal ally in our growth journey,” stated Prerna Goradia, founder and CEO. The focus lies on aiding the manufacturing and commercial sectors, who currently face a technology shortfall in managing emissions and effluents.

Company Performance

Founded in 2020, Exposome specializes in crafting solutions for air emissions and wastewater treatment, manufacturing reusable molecular filters. For the financial year ending in March 2023, the company reported revenues of INR 76.4 Lakh, but recorded a net loss of INR 37.4 Lakh, according to Tracxn.

Growing Interest in Cleantech

Colossa Ventures is recognized for its investments in 'women-first' businesses and has backed companies across various sectors. The cleantech startup landscape is gaining traction, with increased investor interest. Instances such as India Accelerator’s new vertical for cleantech businesses and several funding rounds for notable startups underscore this trend.