Smart appliances startup Karban raises $1.07 mn in seed round led by All In Capital, Titan Capital and Rainmatter

Karban Envirotech, a startup that manufactures energy-efficient electronic appliances, has raised a seed funding of Rs 8.93 crore, in a round led by Titan Capital, Rainmatter and All In Capital.

Other investors who participated in the seed round included Urban Company, JK Family Office, Kunal Shah, Anupam Mittal (Shark Tank India), Bharat Jaisinghiani, Atul Gupta, Abhishek Goyal, Sumer Sethi, Natasha Malpani Oswal, Sarang Iyengar and Karan Jindal.

The high-end consumer appliances company stated that it will use the funds to fuel its growth, strengthen its team, support innovation and new product development.

Karan Bansal, founder of Karban, informed, “We feel incredibly fortunate to have experienced partners who are not only supportive but also share our vision wholeheartedly. This funding marks a significant milestone, enabling us to accelerate our R&D efforts and develop world-class consumer products that are proudly Made in India.”

Karban Envirotech: Background

Karban Envirotech was founded in December 2021 by Karan Bansal and Tanya Goyal. The company has designed and manufactured a state-of-the-art bladeless ceiling fan with in-built air purifier and lights. 

Its flagship products — Karban Airzone— is sold on its website as well as popular e-commerce portals. The startup informed that it has leveraged Computational Fluid Dynamics (CFD) to enhance the efficiency and effectiveness of the airflow devices. 

It stated that the design helps reduce electricity consumption, and provide multi-utility of air-flow, air-purification, and lighting for homes, offices, hotels, restaurants, among others.

Talking about the funding, Kushal Bhagia, founder of All In Capital, said, “While India witnesses a splurging demand for air purifiers, a separate unit plugged in one corner of the room is inefficient and air purification solutions have seen little innovation. Karban’s Airzone is the 2024 alternative to existing air purifiers and ceiling fans both. It is a 3-in-1 air purification solution which integrates a ceiling light and a ceiling fan offering consumers an amazing value proposition. Being design-forward, the Airzone is poised to blend seamlessly into the next generation of home interiors.”