VC Fund Investments
Ice-gel packs maker Tan90 Thermal Solutions raises Rs.20-Cr
Chennai-based Tan90 Thermal Solutions has raised INR 20 crore in a Series A funding round led by Nabard’s NAB Ventures. Existing investors Blue Ashva Capital, Capital A, and 3i Partners participated in the round.The startup seeks to use the fresh capital to expand its product lines tailored for cold chains, heating, ventilation, and air conditioning (HVACs), and data centres. It will also expand its presence in Southeast Asia, the Middle East, and Africa, while continuing to grow its foothold across India.Tan90 provides thermal solutions, including Phase Change Material (PCM) sachets and other products, for maintaining temperature control in various industries. The firm focuses on energy-efficient and sustainable cooling solutions for applications like pharmaceuticals, food delivery, and cold chain logistics.
Between 2022 and 2023, Tan90 had attracted about USD 2 M from 3i Partners, Blue Ashva Capital, Capital A, Others
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