Mumbai-based ScaleMinds has invested in Pune based Strata Enviro for an undisclosed amount.
Founded by Amol Chaphekar, Strata Enviro manufactures and installs outdoor air pollution controllers for free in public and private places.
Amol Chaphekar, Founder, Strata Enviro said, “It’s a great feeling when someone supports you when you are exhausted in a complete hassle-free way with not only the funds but also the connect to grow and take the business to next level by complimenting what you already have. We are thankful to ScaleMinds for coming in and contributing when it was most needed.”
Amol, an Innovator with multiple patents in his name was awarded as one of the top ten Innovators of India by Lenovo in 2012. The first commercial installation was made in July 2016 and since then installations were made across the country in cities like Pune, Mumbai, Delhi, Hyderabad along with some units shipped outside India.
The company has already put up controllers at airports, traffic signals, toll booths and traffic congestion zones. A sponsor’s display is provided to the sponsor at a nominal cost on top of the unit ensuring that the unit’s maintenance is taken care of for the years to come.
Nainesh Kapadia, Founder, ScaleMinds said, “With the support of FundTonic, this year we launched exclusive initiatives for Pune StartUp eco-system, viz. Launch of sector agnostic seed – funded global accelerator, launch of seed funded healthcare focused accelerator, exchange program to help scale Pune startups to ASEAN countries, Europe and many more. With the shortlisted startups we will keep inviting applications for the accelerator programme and aim to fund 20 startups this year from across India.”