India dealbook: Startups Swadha Energies, CivilCops raise funding

Artificial intelligence photo by Reuters

Chennai’s Swadha Energies, a maker of technology-backed energy conservation solutions, has raised funds from angel investors, while CivilCops, a chatbot operated by Delhi-based Tavroi Research Pvt. Ltd, has raised an undisclosed amount from Alfa Ventures.

Chennai’s Swadha Energies raises funds from IAN

Chennai-based startup Swadha Energies Pvt. Ltd has raised an undisclosed sum from the Indian Angel Network (IAN), according to an announcement. This marks the pre-Series A round for the startup that was established in 2015.

Swadha Energies, a maker of technology-backed energy conservation solutions, develops devices, products and software systems in partnership with IIT Madras to conserve energy. It caters to a diverse segment such as real estate, hotels, small offices and IT parks, hospitals and shopping malls, among others. The startup claims that it can save energy costs by about 40 per cent.

The funds raised will help Swadha Energies to augment its technology development and expand its sales and marketing operations.

The current round of funding from IAN was led by MVS Mani, co-founder of Future Focus Infotech Pvt. Ltd, and Nitin Zambre, former managing director at ICF India.

Alfa Ventures invests in Delhi’s CivilCops

CivilCops, a chatbot operated by Delhi-based Tavroi Research Pvt. Ltd, has raised an undisclosed amount from Alfa Ventures, a proprietary fund, to expand its operations.

Founded in 2017 by two Delhi University graduates Ashish Sharma and Vaibhav Gogia, CivilCops is a social intelligence venture that builds civic-tech products for smart cities, thus enabling the citizens of Delhi to chat with the government directly.

The startup, incubated under NASSCOM 10000 Startups program in Gurgaon, provides Artificial Intelligence (AI) chat and voice interfaces for citizens to report any issue with regard to public service delivery such as water, sanitation, electricity and transport to the government.

Alfa Ventures, led by Dhianu Das, is a fairly new fund that has a corpus of about Rs 100 crore. It plans to invest in about 25-30 early-stage ventures.