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Swadha Energies

IIT Madras incubated Swadha Energies raises funds from IAN, others

Swadha Energies

Energy saving solution startup Swadha Energies has raised an undisclosed amount in a pre-Series A round from angel investor groups Indian Angel Network, Keiretsu Forum and Stanford Angels.

Founded by Ankit Poddar, Dinesh Natarajan, Sreejith and Dinesh Kumar, Swadha will use the funds to augment its technology and expand its sales & marketing operations. Swadha claims to save energy costs by about 40% and essentially caters to real estate, hotels, small offices and others. (Source)

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