Smart appliances startup KARBAN raises $1.07M led by All In Capital, Titan Capital and Rainmatter

Karban Envirotech, a startup that manufactures energy-efficient electronic appliances, has raised Rs 8.93 crore in a seed funding round led by Titan Capital, Rainmatter and All In Capital.

The round also saw participation from Urban Company and JK Family Office, and marquee angel investors Kunal Shah, Anupam Mittal (Shark Tank India), Bharat Jaisinghiani, Atul Gupta, Abhishek Goyal, Sumer Sethi, Natasha Malpani Oswal, Sarang Iyengar, and Karan Jindal.

What does Karban Envirotech do?

Karban builds energy-efficient, sustainable, and design-oriented airflow appliances, including its flagship product, Karban Airzone—an integrated bladeless ceiling fan, Lights, and air purifier (a three-in-one product) that helps consumers reduce their electricity bills and carbon footprint.

The startup has leveraged Computational Fluid Dynamics (CFD) to enhance the efficiency and effectiveness of the airflow devices. This unique design helps reduce electricity consumption and provides multi-utility of airflow, air purification, and lighting for homes, offices, hotels, and restaurants, among others.

It will use the funds to fuel its growth, strengthen its team, and support innovation and new product development.

Who are the founders?

Karban was founded in December 2021 by Karan Bansal and Tanya Goyal. Bansal holds a mechanical engineering degree from IIT Guwahati and a masters degree in aeronautics and astronautics from Purdue University, Indiana, US. On the other hand, Goyal is a lawyer with an avid interest in research and brand building.

Leadership comments

Karan Bansal, founder of Karban, said, “We feel incredibly fortunate to have experienced partners who are not only supportive but also share our vision wholeheartedly. This funding marks a significant milestone, enabling us to accelerate our R&D efforts and develop world-class consumer products that are proudly Made in India.”

What did investors say about Karban Envirotech?

Kushal Bhagia, founder of All In Capital, said, “While India witnesses a splurging demand for Air Purifiers, a separate unit plugged in one corner of the room is inefficient, and Air Purification solutions have seen little innovation. Karban’s Airzone is the 2024 alternative to existing Air Purifiers and ceiling fans both. It is a 3-in-1 Air Purification solution which integrates a ceiling light and a ceiling fan offering consumers an amazing value proposition. Being design-forward, the Airzone is poised to blend seamlessly into the next generation of home interiors.”

"At Rainmatter, one of the things we've noticed is the phenomenal improvement in the quality of products designed and built in India, and Karban is no exception to that. They offer a purifier, fan and light within the same device, which naturally reduces material footprint. And in addition to the energy efficiency of the device, there is significant saving of power at scale. India needs more of these solutions making it possible for everyone to contribute in being energy efficient and sustainable," said Rainmatter Capital.

Bipin Shah, Partner Titan Capital, said “We are thrilled to announce our investment in Karban which is a true example of supportingMake in India.The team has come up with innovative all in one product for ceiling fan, Air purifier and chandelier with inhouse R&D, Design and Manufacturing. The products are not only energy efficient but also sustainable and aesthetically pleasing."

Industry landscape

According to the company's statement, Karban's target market for smart consumer appliances in India is pegged at Rs 50,000 crore. However, the startup said that only a few appliances are smart, aesthetically pleasing, energy-efficient, and sustainable. 

Karban aims to bridge this gap by building products that uphold four foundational values: Design, Technology, Energy Efficiency, and Sustainability. Notably, It prioritises local manufacturing.