VC Fund Investments
Water mgmt solutions provider FluxGen raises Rs.28-Cr led by IAN Alpha Fund
Bengaluru-based FluxGen Sustainable Technologies has raised INR 28 crore in a pre-Series A funding round led by IAN Alpha Fund. The round also saw participation from Rainmatter Capital, Gameskraft Technologies, Intersection Ventures, and Force Ventures, along with existing investors Axilor Ventures and Arali Ventures.The new funds will be used to scale FluxGen’s water management solutions, expand into new industrial markets, and strengthen customer acquisition efforts in India and abroad.Founded in 2021 by Ganesh Shankar and Emanuel Deepak, FluxGen provides end-to-end water intelligence solutions, enabling real-time monitoring, predictive analytics, and regulatory compliance for industries. The startup’s flagship platform, AquaGen, empowers companies to optimize water usage, prevent wastage, and mitigate water-related operational and supply-chain risks.
In May 2023, FluxGen had attracted about USD 1 M from Axilor Ventures.
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