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Ecozen Solutions Private Limited has raised $30 million from their existing investors.
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Ecozen Solutions Private Limited has raised $30 million from their existing investors.
The funding was a mix of equity and debt from existing investors. Ecozen has grown fivefold over the past two years, with a 3x increase in profit, the company said. The maker of solar powered cold storage room and pump controllers aims to double its revenue in 2024-25.
Nuveen and existing investors joined the funding round while the debt component was contributed by InCred Credit Fund and US DFC.
Climate-focused deeptech company Ecozen, which is backed by the likes of Teachers Insurance and Annuity Association of America’s Nuveen Global Fund and Dare Ventures, the ......
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