Karban Envirotech, a pioneering firm in the realm of energy-efficient electronic appliances, has successfully raised a seed funding of Rs 8.93 crore. The funding round was spearheaded by prominent investors including Titan Capital, Rainmatter, and All In Capital, with additional participation from Urban Company and JK Family Office. Notable individual investors such as Kunal Shah, Anupam Mittal, and Bharat Jaisinghiani also contributed to the round, underscoring the widespread support for Karban’s innovative vision.
Founded in December 2021 by Karan Bansal and Tanya Goyal, Karban Envirotech has emerged as a trailblazer in the development of high-end consumer appliances. Leveraging cutting-edge Computational Fluid Dynamics (CFD) technology, the company has enhanced the efficiency and performance of its flagship product, Karban Airzone, which is available both on its website and various marketplaces.
The influx of funds will be instrumental in catalyzing Karban’s growth trajectory, enabling the company to augment its research and development initiatives, fortify its team, and drive innovation in new product development. Karan Bansal, the founder of Karban, expressed gratitude for the support received from investors, emphasizing the pivotal role of this funding round in advancing the company’s mission of delivering world-class consumer products proudly Made in India.
Karban’s foray into the smart consumer appliances market comes at a time when there is a burgeoning demand for innovative, energy-efficient solutions. With an estimated market size of Rs 50,000 crore in India, the potential for disruption and innovation in this space is immense. Karban aims to bridge existing gaps in the market by prioritizing design, technology, energy efficiency, and sustainability in its product offerings.
Kushal Bhagia, the founder of All In Capital, lauded Karban’s innovative approach, particularly highlighting the design-forward nature of Karban Airzone, which he believes will revolutionize the air purification segment. By seamlessly integrating aesthetics and functionality, Karban is poised to set new benchmarks in home appliances, catering to the evolving needs of modern consumers.