Smart Appliances Startup KARBAN Raises USD 1.07 Mn

Karban Envirotech, a startup that manufactures energy-efficient electronic appliances, announced the raising of USD 1.07 million in a seed round led by Titan Capital, Rainmatter, and All In Capital.

Among the other investors in the seed round were JK Family Office and Urban Company. A few other well-known investors include Sarang Iyengar, Karan Jindal, Atul Gupta, Abhishek Goyal, Kunal Shah, Anupam Mittal (Shark Tank India), Bharat Jaisinghiani, and Sumer Sethi.

The platform aims to use the funds to fuel its growth, strengthen its team, and support innovation and new product development.

Karan Bansal, Founder, Karban, said, "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."

About Karban

Founded in December 2021 by Karan Bansal and Tanya Goyal, Karban has designed and manufactured a bladeless ceiling fan with an in-built air purifier and lights. Its unique design helps reduce electricity consumption and provides multi-utility air flow, air purification, and lighting for homes, offices, hotels, and restaurants, among others.

The smart consumer appliances market targeted by Karban in India is pegged at INR 50,000 crore.

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. It is a 3-in-1 air purification solution that 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."