Wednesday
June 12
2019

IAN Fund Leads a $2.7 Million Round in Chakr Innovation

IAN Fund, a SEBI registered seed and early-stage VC Fund fund, has led a Rs 19 crore round in Chakr Innovation, along with Jyoti Sagar and IDFC Parampara fund. Chakr Innovation is focused on building a suite of products to help reduce air pollution. Founded in 2016, the startup leverages cutting-edge technology to capture emissions from diesel generators and convert the pollution-causing particles into a base pigment for black inks and paints.

Padmaja Ruparel, Founding Partner,Founding Partner, IAN Fund said in a statement, “It is common knowledge that the air quality in Indian metro cities is especially critical. IAN Fund is focused on supporting innovative ventures catering to a need/pain point in the country and pollution is one such area which does need a quick solution.”

Photo courtesy of GPS.

Source: Economic Times (link opens in a new window)

Categories
Environment
Tags
emerging markets, environment, pollution, startups, tech for good, venture capital