Lohum Cleantech raised $14.5 Mn in a Series B round led by Singularity Growth to fund capital expenditures, marketing, and general corporate purposes.
Mar 11, 2024•almost 2 years ago
Amount Raised
$14.5 Million
Round Type
series b
DelhiEnergyRenewable EnergyInvestors
Madhuri MadhusudanMukul Mahavirparasad AgarwalBaring Private EquityVyoman IndiaSingularity Growth
Description
Lohum Cleantech, a battery tech startup, has raised approximately $14.5 million in its ongoing Series B round. The funding was led by Singularity Growth and other investors including Vyoman India, Baring Private Equity, Mukul Mahavirparasad Agarwal, and Madhuri Madhusudan.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech