Karban Envirotech, an innovative start-up that makes energy-productive smart electronic appliances & machines, has bagged Rs. 8.93 crore ($1.07 million approximately) in a seed round directed by three prominent investors such as Titan Capital, Rainmatter & All In Capital.

Urban Company, JK Family Office, & other key Angel investors such as Kunal Shah, Anupam Mittal, Bharat Jaisinghiani, Atul Gupta, Abhishek Goyal, Sumer Sethi, Natasha Malpani Oswal, Sarang Iyengar, and Karan Jindal also participated in the seed funding round.

KARBAN will utilize these raised funds to fuel its development, reinforce its group, support development and new product development, the organization said in a public statement.

Established in December 2021 by Karan Bansal & Tanya Goyal, Karban has planned and produced a bladeless roof fan with in-fabricated air purifier & lights.

Airflow, air purification, & lighting are just a few of the many uses it can serve in homes, offices, hotels, and restaurants with distinctive designs. India’s smart consumer appliances market is estimated by Karban to be worth Rs. 50,000 crore. It faces competition from emerging start-ups like Atomberg and well-established firms like Crompton, Havells, & Superfan.

Speaking to the significant investment, Kushal Bhagia, Founder of All In Capital, says, “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”.