Illumine Industries Private Limited (Illumine-i), a sustainable design and engineering firm, has raised Rs 17 crore (approximately $2 million) in its Series A round from Anicut Capital.
With this funding, Illumine-i is planning to focus on automation, digitisation and improving asset caliber. The investment would also help in Illumine-i’s expansion into new markets.
Founded in 2015 by Nithish Sairam and Sudarsan Krishnan, Illumine-i started with a small team of 5 with a focus on designing low voltage power plants. It offers structural and electrical engineering expertise for power plants, energy storage systems, and distribution components.
Beyond the power sector, Illumine-i extends digital modeling, MEP engineering and project management expertise to the architecture, engineering and construction (AEC) sector.
Asset management firm Anicut Capital manages multiple AIFs across both debt and equity strategies. Anicut currently manages three debt funds (GAF-1, GAF-2 and GAF-4), a seed fund (GAAF), and an early growth equity fund (GAF-3), with a cumulative AUM of Rs 3,000 crore, and has invested in early and growth startups and MSMEs.
Its portfolio includes brands like Wow! Momo, Axiscades, Kaynes, Bira, Sugar Cosmetics, Earth Rhythm, Wingreens, Blue Tokai, Sharechat, Mcaffeine, Milky Mist, XYXX, Curatio Healthcare and Agnikul, among others.
