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Kimbal Raises $22.0M Series

Recently funded · $22.0M Series bTechnology, Information and MediaINView source

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The Indian utility technology sector saw a fresh infusion of capital as Kimbal, a startup building breakthrough solutions for power distribution, announced a $22.0M Series B funding round. GEF Capital Partners and Niveshaay participated in the investment, which will support Kimbal's "Made in India" end-to-end solutions for AMI Projects.

Founded in 2011, Kimbal serves as a trusted technology partner to India's largest DISCOMS, providing tools like its AI-enabled meter reading application, Samaksha, and workforce management application, Yukti. The capital is earmarked to strengthen and expand the company's global operations, furthering its mission to empower utilities with reliable, secure, and sustainable energy distribution.

We rounded up the top 5 stories shaping startups, funding, and exits in India. This week's highlights: - Snabbit raises $56 Mn in Series D led by Susquehanna Venture Capital, Mirae Asset Venture Investments (India), Bertelsmann India Investments, Nexus Venture Partners, Lightspeed Ventures, and FJ Labs.

- Sahi raises $33M in Series B led by Accel and Elevation Capital. - Ethereal Machines raises ₹264.5 crore (~$28.5 million) in Series B led by Avataar Venture Partners and Peak XV Partners. - Kissht raises ₹278 Cr in an Anchor round led by HDFC MF, ICICI Prudential, Goldman Sachs, Citigroup, and BNP Paribas, among others. - Kimbal raises $22 Mn in Series B led by GEF Capital Partners and Nivesh

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