Cleantech Startup NovorbisItus Raises Rs 13.35 Crore Seed Round Led by Rainmatter, with participation from Rockstud Capital
Pune (Maharashtra) [India], May 2: NovorbisItusPvt. Ltd., a Pune-based cleantech startup, has raised ₹13.35 crore in a seed funding round led by Rainmatter, the investment initiative of Zerodha. The company develops emission control and air purification systems for decentralised pollution sources such as diesel generator (DG) sets and crematoriums, including retrofit solutions for existing infrastructure. The round also saw participation from Rockstud Capital, an early-stage fund focused on manufacturing-led companies. The transaction was advised by Indorient Financial Services Ltd.The Pune-based startup will use the funds to scale its emission control solutions for diesel generators and crematoriums and expand into new product lines.The round is led by Nithin Kamath’s Rainmatter,...