Smart grid-focused IoT startup Probus raises $500-K Unicorn India Ventures, others

Smart grid-focused IoT communications and data analytics business, Probus Smart Things has raised USD 500,000 in its bridge round led by Unicorn India Ventures. Trimaster's Anuj Khanna, Theia Ventures' Kiran Alla, Devdutt Shah, Urmin Group's Kuntesh Chandaria and Anmol Rastogi have also participated in the round. Delhi-based Probus will use the fresh capital to expand its team and operations across both India and overseas. Founded by Anand Singh and Ankit Vaish, Probus is an integrated IoT platform-based service for distribution grid monitoring and automation. It helps develop smart metres to track electricity distribution and wastage.