FluxGen Sustainable Technologies has raised Rs 28 crore in a pre-Series A funding round to accelerate its AI and IoT-powered water management solutions and expand into new markets.

Target Information

FluxGen Sustainable Technologies, a climate tech startup founded in 2021 by Ganesh Shankar and Emanuel Deepak, has successfully raised Rs 28 crore in a pre-Series A funding round. The funding was led by IAN Alpha Fund, with additional contributions from Rainmatter, Gameskraft Technologies, Intersection Ventures, and Force Ventures, alongside existing backers Axilor Ventures and Arali Ventures. FluxGen is at the forefront of providing comprehensive water intelligence solutions that significantly enhance water management across industries.

Specializing in AI and IoT-powered technologies, FluxGen offers real-time monitoring, predictive analytics, and regulatory compliance to its clients. With products, including its flagship platform AquaGen, FluxGen empowers organizations to optimize water usage, reduce wastage, and mitigate risks associated with water operations and supply chains. The company boasts a diverse client base of over 110 prominent entities, such as TATA Steel, Aditya Birla Group, and Microsoft, and claims that its customers have achieved reductions in water consumption of up to 30%.

Industry Overview

The Indian smart water management market is anticipated to surpass Rs 42,000 crore in valuation over the next 7–10 years, presenting an annual SaaS opportunity estimated at Rs 5,000 crore. This burgeoning sector is driven by increasing water scarcity challe