Kimbal Technologies raised $5M in a seed funding round led by Niveshaay and angel investors to scale up operations and for new product development.

Kimbal Technologies raised $5M in a seed funding round led by Niveshaay and angel investors to scale up operations and for new product development.

03/11/24, 12:23 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgnew delhi
Money raised
$5 million
Round Type
seed
Investors
Sandeep Kapadia, Ayush Mittal, Niveshaay
Kimbal Technologies secured $5 million in its maiden funding round led by Niveshaay and angel investors like Ayush Mittal of Mittal Analytics Pvt. Ltd. and Sandeep Kapadia. The New Delhi-based startup will utilize funds to scale up existing operations and for new product development.

Company Info

Company
Kimbal Technologies
Location
new delhi, delhi, india
Additional Info
Kimbal Technologies is a power distribution solution supplier that offers an integrated advanced metering infrastructure solution, including smart meters, RF-Mesh communication technologies, and open-architecture head-end system. Established in 2011, the company has deployed 1 million smart meters so far and has also supplied to Middle Eastern utilities.