FluxGen Sustainable Technologies, a climate tech company in end-to-end smart water management solutions, has raised ₹28 crore in a pre-Series A funding round led by IAN Alpha Fund.
The round also saw participation from Rainmatter, Gameskraft Technologies, Intersection Ventures, and Force Ventures, along with existing investors Axilor Ventures and Arali Ventures.
The funds raised will be used to scale FluxGen’s AI and IoT-powered water management solutions, expand into new industrial markets, and strengthen customer acquisition in India and internationally.
With this infusion of capital, the company plans to double down on product innovation, including upcoming solutions for groundwater intelligence, wastewater resource management, and water risk analytics. The company will also scale its sales and partner networks, accelerate international growth, and continue building a global marketplace for industrial water management.
Ganesh Shankar, Founder & CEO, FluxGen, said “Water is a business imperative. With the increasing impact of climate change and stringent regulations, businesses need to act fast. This investment enables FluxGen to scale its AI-powered water intelligence solutions, ensuring that industries not only save water but also secure their future operations.”
Sarika Saxena, Managing Partner of IAN Alpha Fund, IAN Group’s second VC Fund, said, “We are very excited with the founding team of Ganesh and Deepak, their passion to leverage technology to solve the real problem of water. FluxGen is enabling industries to embrace sustainable practices while increasing efficiency and minimizing environmental impact by utilizing AI and IoT for real-time water management.”
Founded in 2021 by Ganesh Shankar and Emanuel Deepak, FluxGen provides end-to-end water intelligence solutions, enabling real-time monitoring, predictive analytics, and regulatory compliance for industries.
Its patent-pending products and flagship platform, AquaGen, empower companies to optimize water usage, prevent wastage, and mitigate water-related operational and supply-chain risks.
Through AI-driven analytics, FluxGen enables real-time monitoring of entire water networks, offering prescriptive insights to optimize water systems, minimize wastage, and deliver predictive insights to enhance water management while mitigating risks.
With over 110 clients, including industry giants like TATA Steel, Aditya Birla Group, Care Hospitals, Mahindra Group and Microsoft, FluxGen is serving high water-use sectors like metals and mining, food and beverage, textiles, pharmaceuticals, automotive, and healthcare.
