Exposome Pockets Funding To Capitalise On Purification Offerings

SUMMARY

As per the company, Colossa Ventures has also picked up a 10% stake with its investment of INR 10 Cr in Exposome

The round also saw participation from 3i Partners, along with existing backers, including Sudarshan Chemical’s promoter Rahul Rathi, Bhukhanvala Holdings Private Limited, Excel Industries Limited and Spectrum Impact

The startup plans to use the fresh capital to scale up its operations and expand its reach

Cleantech startup Exposome has secured INR 15 Cr ( around $1.7 Mn) as a part of its Pre-Series A funding round led by Colossa Ventures.

As per the company, Colossa Ventures has also picked up a 10% stake with its investment of INR 10 Cr in Exposome.

The startup plans to use the fresh capital to scale up its operations and expand its reach, while offering air and water purification solutions to its clients in India and overseas.

“We see Colossa Ventures as our strong partner and collaborator that is vested in our success and growth journey. With their support, we hope to better serve the manufacturing and commercial sectors that today face a technology gap in the tertiary or last-mile treatment of their emissions and effluents,” said Exposome’s founder and CEO Prerna Goradia.

Founded in 2020 by Goradia, Exposome claims to create solutions around air emissions and treating wastewater. It manufactures reusable molecular filters for capturing air emissions and treating wastewater for industries.

For the financial year ending in March 2023, Exposome logged a revenue of INR 76.4 Lakh. However, it incurred a net loss of INR 37.4 Lakh during the same period, as per Tracxn.

Colossa Ventures LLP is a SEBI-registered independent venture capital firm focused on investing in ‘women-first’ businesses. Most of its investments are in the life sciences and auto tech sectors, with notable startups like Serigen and VIOMA MOTORS in its portfolio.

This comes at the heart of growing investor interest in the cleantech startup space.

For instance, in July, startup nurturing platform India Accelerator floated a new vertical to back businesses operating in cleantech sectors.

Prior to that in May, cleantech startup EcoRatings raised $1 Mn (INR 8.3 Cr) in a pre-seed funding round from a host of investors, including We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation and Google, in a mix of equity and grants.

In April, real estate-focused cleantech startup Accacia raised $6.5 Mn (around INR 54 Cr) in a Pre-Series A funding round led by Illuminate Financial, with participation from AC Ventures and existing investors Accel and B Capital.