KARBAN Raises Seed Funding to Expand Product Line and Innovation

KARBAN Envirotech, a startup focused on making energy-efficient electronic appliances, has raised $1.07 Mn (INR 8.93 Cr) in a seed funding round co-led by All In Capital, Titan Capital, and Rainmatter.

The round also saw participation from Urban Company, JK Family Office, and a clutch of marquee investors, including Anupam Mittal, Kunal Shah, and Natasha Malpani Oswal.

The startup plans to deploy the fresh proceeds to fuel its growth, strengthen the team, support innovation, and drive new product development.

About KARBAN

Founded by Karan Bansal and Tanya Goyal in 2021, KARBAN aims to make energy-efficient and sustainable airflow appliances that help reduce electricity costs and save energy. The company’s distribution network includes its own website and large e-commerce platforms.

"This funding marks a significant milestone, enabling us to accelerate our research and development efforts and develop world-class consumer products that are proudly made in India," said Karan Bansal, CEO and co-founder of Karban.

Investor Insights

Kushal Bhagia, founder of All In Capital, said, "While India witnesses a surging 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 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," he added.

Market Context

This funding comes at a time when India’s air purifier market is expected to cross $1169.10 Mn by 2030, as per a report by Renub Research. Players like Atomberg, Crompton, Bajaj, and Havells compete in the energy-efficient appliance space, making it a fast-growing market.