SustLabs
Dubbed as FitBit for homes, SustLabs is an energy-tech startup enabling smarter and safer homes with their electrical activity tracking and fire-predicting device. Leveraging on machine-learning algorithms to track and optimise electrical signatures eliminates the need to install additional sensors at appliance level. The derived data further enables end-users to ensure preventive-maintenance and energy-saving.
Founder
Kaushik Bose
Co-Founder & CEO
12+ years of experience
Chevening Rolls-Royce fellow – The University of Oxford | IE (Madrid) Business School | London Business School
Repsol | UN DESA | DRL
Soumya Bhattacharya
Co-founder & CTO
10+ years of experience
PGP – IIM-Indore | B.Tech – IIIT Allahabad
D.E. Shaw | TCS
Key Highlights
ARR (May'24)
INR 8 Cr
Electricity Savings
17.5%
Gross Margin
60%
EBITDA Q3FY23
INR 39L
Partnerships
Schneider | Legrand | TATA Power | L&T
Key Investors
Deal Details
Current Deal Round
Pre Series A
Round Size
INR 16 Cr (100% committed)
Instrument
Equity
Soonicorn Platform Fee
Admin Fee: 2% of investment amount
Carry: 10%
Valuation
INR 65 Cr Pre-Money
Minimum Ticket Size per Investor
INR 2,00,000
*AIF Condition : Consolidated commitment for AIF should be more than INR 25 Lacs to qualify as a valid entry to the cap table
Deal Runner
Prateek Pranjal
