[Funding alert] IoT startup Probus Smart Things raises seed funding from Unicorn India Ventures
Probus Smart Things, the New Delhi-based IoT startup focussed on power sector, has received an undisclosed seed funding from Unicorn India Ventures. Probus plans to deploy the fresh round of funding to strengthen its software platform, scale up its operations and enter new markets. For Unicorn India Ventures, this is the fourth investment from its Fund II where it had raised Rs 400 crore. Unicorn India Ventures Managing Partner Anil JoshiOn the seed round of funding, Probus Smart Things Co-founder and CEO Anand Singh said, â€œWe are on a mission to increase the per capita consumption of electricity in India by reducing the last mile power distribution losses. In the process, it helps energy utilities save money in last mile power distribution segment.