PE Fund Investments
Industrial automation firm Haber Water raises $38-M in Series C led by Creaegis
Pune-based Haber Water Technologies has raised USD 38 million (INR 317.2 crore) in a Series C round led by Creaegis. The round also saw participation from Accel India and Beenext.Creaegis led the round with INR 200.35 crore, while Beenext and Accel contributed INR 83.5 crore and INR 33.4 crore, respectively. Post-funding, the firm is expected to be valued at about INR 1,242 crore. The new funding will be used for growth and expansion of the company.Founded in 2017, Haber develops AI-powered real-time insights that help industries by converting data to actionable intelligence. The technology enables cost reduction and reduces water and energy footprints.
Between June-17 and Aug-21, Haber had raised about USD 27.24 M from Beenext, Ascent Capital, Accel India, Elevation Capital, others.
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