Climate tech start-up Ecozen raises $25 mn to expand beyond agriculture
Pune-based climate-tech startup Ecozen on Tuesday raised $25 million in equity and debt capital in its Series C round, as it looks beyond agriculture to expand into new deep-tech fields worldwide.
The platform estimated that the market size for its sustainability focused technology stacks in India to grow to $25 billion by 2025.
The Series C equity portion was led by Nuveen and Dare Ventures (Coromandel International), with participation from Export-Import Bank of India (India EXIM Bank), and existing investors Caspian and Hivos-Triodos Fonds (managed by Triodos Investment Management).
The debt portion was provided by Maanaveeya Development and Finance, Oxyzo, Northern Arc group, HDFC Bank and Axis Bank.
