Smart metering player Kimbal Technologies raises $5-M

Delhi-based smart metering player Kimbal Technologies has raised USD 5 million led by Niveshaay and other investors, including Ayush Mittal of Mittal Analytics and Sandeep Kapadia, amongst others.The firm would utilise funds to scale up operations and new product development, aimed at helping build a modern power distribution ecosystem with efficient distribution to the last mile.