The startup builds energy-efficient, sustainable and design oriented airflow appliances including their flagship product Karban Airzone – An integrated bladeless ceiling fan + Lights + air purifier (3 in 1 product) , that helps consumers not only reduce electricity bills and reduce their carbon footprint, but also make their spaces aesthetically beautiful.
Jaipur, April 24: Karban Envirotech, a startup that manufactures energy-efficient electronic appliances, has raised a seed funding of Rs 8.93 crores. Titan Capital, Rainmatter and All In Capital led the seed round.
Other investors who participated in the seed round include Urban Company, JK Family Office. Other marquee investors include Kunal Shah, Anupam Mittal (Shark Tank India), Bharat Jaisinghiani, Atul Gupta, Abhishek Goyal, Sumer Sethi, Natasha Malpani Oswal, Sarang Iyengar and Karan Jindal,
KARBAN, which builds high-end consumer appliances, will use the funds to fuel its growth, strengthen its team, support innovation and new product development.
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.”
Founded in December 2021 by Karan Bansal and Tanya Goyal, Karban 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 has leveraged Computational Fluid Dynamics (CFD) to enhance the efficiency and effectiveness of the airflow devices. This unique design helps reduce electricity consumption, and provide multi-utility of air-flow, air-purification, and lighting for homes, offices, hotels, restaurants, among others.
Kushal Bhagia, founder, 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.”
Rainmatter Capital team, At Rainmatter, one of the things we’ve noticed is the phenomenal improvement in the quality of products designed and built in India, and Karban is no exception to that. They offer a purifier, fan and light within the same device, which naturally reduces material footprint. And in addition to the energy efficiency of the device, there is significant saving of power at scale. India needs more of these solutions making it possible for everyone to contribute in being energy efficient and sustainable.
Bipin Shah, Partner Titan Capital, 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 innovative all in one product for ceiling fan, Air purifier and chandelier with inhouse R&D, Design and Manufacturing. The products are not only energy efficient but also sustainable and aesthetically pleasing. Karban’s commitment to creating quality climate control solutions is commendable, and Titan is excited to support this journey. Together, we look forward to making a significant impact in the industry.”
The smart consumer appliances market targeted by Karban in India is pegged at Rs 50,000 crore. However, there are only a few appliances in the market that are smart, aesthetically pleasing, energy efficient as well as sustainable. Karban is bridging this gap by building products that uphold four foundational values: Design, Technology, Energy Efficiency, and Sustainability. At the same time the startup is contributing to the local economy by prioritising local manufacturing.
While Mr Bansal holds a mechanical engineering degree from IIT Guwahati and a masters degree in aeronautics and astronautics from Purdue University, Indiana, US. Ms Goyal is a lawyer with an avid interest in research and brand build. Together they are building KARBAN to launch innovative products that have low environmental impact and are energy efficient.
