We are delighted to announce our recent investment in Karban, a venture that manufactures energy-efficient electronic appliances, has raised Rs 8.93 crore in a seed round led by Titan Capital, Rainmatter and All In Capital.
Other investors who participated in the round include Urban Company, JK Family Office and angel investors included Anupam Mittal, Bharat Jaisinghiani, Atul Gupta, Abhishek Goyal, Sumer Sethi, Natasha Malpani Oswal, Sarang Iyengar and Karan Jindal.
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 of air flow, air purification, and lighting for homes, offices, hotels, restaurants, among others.
Karban will use the funds to fuel its growth, strengthen its team, support innovation and new product development.
Speaking on the announcement, Karan Bansal, founder, Karban, said, “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.”
Titan Capital spokesperson highlighted the investment’s alignment with supporting local manufacturing initiatives and said “We are thrilled to announce our investment in Karban which is a true example of supporting ‘Make in India’. The team has come up with an innovative all-in-one product for ceiling fan, Air purifiers, and chandelier with inhouse R&D, Design, and Manufacturing. The products are not only energy efficient but also sustainable and aesthetically pleasing.”
We are delighted to announce our recent investment in Karban, a venture that manufactures energy-efficient electronic appliances, has raised Rs 8.93 crore in a seed round led by Titan Capital, Rainmatter and All In Capital.
Other investors who participated in the round include Urban Company, JK Family Office and angel investors included Anupam Mittal, Bharat Jaisinghiani, Atul Gupta, Abhishek Goyal, Sumer Sethi, Natasha Malpani Oswal, Sarang Iyengar and Karan Jindal.
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 of air flow, air purification, and lighting for homes, offices, hotels, restaurants, among others.
Karban will use the funds to fuel its growth, strengthen its team, support innovation and new product development.
Speaking on the announcement, Karan Bansal, founder, Karban, said, “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.”
Titan Capital spokesperson highlighted the investment’s alignment with supporting local manufacturing initiatives and said “We are thrilled to announce our investment in Karban which is a true example of supporting ‘Make in India’. The team has come up with an innovative all-in-one product for ceiling fan, Air purifiers, and chandelier with inhouse R&D, Design, and Manufacturing. The products are not only energy efficient but also sustainable and aesthetically pleasing.”