Gurgaon-based internet of things (IoT) startup Zenatix has raised $161k (INR 1.27 Cr.) led by Google country chief Rajan Anandan, Snapdeal’s co-founders Kunal Bahl and Rohit Bansal and Trifecta Capital’s Rahul Khanna. Few other investors who participated in this round of funding include Investopad’s Rohan and Arjun Malhotra, Sunil Kalra, Ericsson technology head Manoj Dawane and former UTC India head Zubin Irani.
Zenatix plans to use the recent funds for expansion of product and offer solutions outside of the NCR, which is the focus at the moment.
Founded in 2013 by Rahul Bhalla, Vishal Bansal and Amarjeet Singh, Zenatix offers an energy management product that helps building managers save more than 10% on their cost. In simple words, the startup provides web-enabled software, ZENSoft, which enables the energy consumers monitor their energy consumption pattern at various system/appliances levels and take actions based on the recommendations driven by their energy analytics; thus reduces their electricity spend by 5-15%.
Related Article: Zenatix Raises Follow-On Funding From Blume Ventures
How it works:
- Zenatix installs energy monitoring equipment such as smart meters and controllers
- We set up cloud based software for real time monitoring of your energy consumption
- The data from smart meters is stored in the cloud, and can be visualized on our software
- Zenatix runs advanced analytics on the collected data
- We recommend energy saving measures & benchmark your consumptions
Currently, its customers includeGoogle, NIIT, United Health Group, IIT Delhi, Glaxo Smith Kline and Tata Teleservices.
On this development, Vishal Bansal, co-founder of Zenatix said “Whenever there is talk of energy efficiency, it is usually retro fit like changing from CFL to LED, which requires upfront investment. But if you can change the way energy is consumed, at least 10% could be saved.”
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