Debt Debt financing
'Clean' chemicals startup Proklean raises $873-K from Caspian Debt
Caspian Debt has invested INR 6.5 crore (USD 873,000) in Chennai-based Proklean Technologies, which enables manufacturing industries like leather, textile and paper to replace their hazardous chemical-based processing products with 100% biodegradable products without changing existing operations and processes.
The current investment enables a flexible loan structure and unique repayment schedule with a moratorium, allowing the startup to accelerate expansion and meet rising demand before the next capital round via equity.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between May-15 and Dec-19, Proklean Technologies had attracted over $5-M from Siana Capital, Infuse Ventures, and others.(Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)