Ecozen to raise Rs 95 Cr debt from Momentum Capedge

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Climate-focused deeptech startup Ecozen is raising Rs 95 crore (approximately $10.7 million) in debt funding from Momentum Capedge Limited. This is the third debt injection for the Pune-based company in the past 12 months.

Before this, Ecozen had raised $12.5 million in debt from UTI International and Spark Capital, which Entrackr had exclusively reported, as well as $23 million from responsAbility Investments AG, Northern Arc Capital Limited, and others.

The board at Ecozen has passed a special resolution for approval to issue 950 Series E…



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Ecozen to raise Rs 95 Cr debt from Momentum Capedge


Climate-focused deeptech startup Ecozen is raising Rs 95 crore (approximately $10.7 million) in debt funding from Momentum Capedge Limited. This is the third debt injection for the Pune-based company in the past 12 months.

Before this, Ecozen had raised $12.5 million in debt from UTI International and Spark Capital, which Entrackr had exclusively reported, as well as $23 million from responsAbility Investments AG, Northern Arc Capital Limited, and others.

The board at Ecozen has passed a special resolution for approval to issue 950 Series E…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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