FluxGen Raises INR 28 Cr to Scale AI-Powered Water Management Solutions

FluxGen Secures INR 28 Cr in Pre-Series A Funding

Bengaluru-based climate tech startup FluxGen has successfully raised INR 28 Cr ($3.36 Mn) in a Pre-Series A funding round led by IAN Alpha Fund. The round also saw participation from Rainmatter, Gameskraft Technologies, Intersection Ventures, and Force Ventures, along with existing investors Axilor Ventures and Arali Ventures 1

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Innovative Water Management Solutions

Founded in 2021 by Ganesh Shankar and Emanuel Deepak, FluxGen offers cutting-edge water intelligence solutions that leverage AI and IoT technologies. The company's flagship platform, AquaGen, enables industries to monitor water usage in real-time, analyze consumption patterns, and ensure regulatory compliance 1

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FluxGen's solutions have demonstrated significant impact, with customers reporting up to 30% reduction in water consumption. This not only delivers financial savings but also contributes to environmental sustainability 2

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Expansion Plans and Market Opportunity

The fresh capital will be utilized to scale up FluxGen's AI and IoT-powered water management solutions. The company aims to strengthen its presence in India while also expanding its footprint in overseas markets, particularly in the Middle East and Africa, where water scarcity is a critical concern 1

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The Indian smart water management market presents a substantial opportunity, estimated to be worth INR 42,000 Cr over the next decade. FluxGen is well-positioned to capture a significant market share with its localized, industry-specific solutions .

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Impressive Client Portfolio and Recognition

FluxGen currently serves over 110 clients across various sectors, including metals, food and beverages, textiles, pharmaceuticals, automotive, and healthcare. Its client portfolio boasts industry giants such as TATA Steel, Aditya Birla Group, Care Hospitals, Mahindra Group, and Microsoft 1

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The company's commitment to sustainable water usage has earned national recognition, with Prime Minister Narendra Modi acknowledging its contribution to water conservation through technology. FluxGen has also won several awards, including the global Microsoft Entrepreneurship for Positive Impact Global Award and the KPMG Global Tech Innovator Competition .

Future Innovations and Vision

With the new funding, FluxGen plans to double down on product innovation, including upcoming solutions for groundwater intelligence, wastewater resource management, and water risk analytics. The company aims to build a global marketplace for industrial water management .

Ganesh Shankar, Founder & CEO of FluxGen, emphasized the urgency of addressing water management issues: "Water is a business imperative. With the increasing impact of climate change and stringent regulations, businesses need to act fast. This investment enables FluxGen to scale its AI-powered water intelligence solutions" 1

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As water scarcity becomes an increasingly pressing global issue, FluxGen's innovative approach to water management positions it at the forefront of addressing this critical challenge, combining technological innovation with environmental sustainability.