A sustainable design and engineering company called Illumine Industries Private Limited (Illumine-i) has raised Rs 17 crore (roughly $2 million) from Anicut Capital in its Series A round.
Illumine-i intends to concentrate on automation, digitization, and raising asset caliber with the help of this funding. Additionally, the investment would support Illumine-i’s market expansion.
When Nithish Sairam and Sudarsan Krishnan founded Illumine-i in 2015, they had just 5 employees and were primarily focused on low-voltage power plant design. It provides structural and electrical engineering know-how for energy storage systems, distribution components, and power plants.
Beyond the energy industry, Illumine-i provides project management, MEP engineering, and digital modeling skills to the architecture, engineering, and construction (AEC) industry.
The asset management company Anicut Capital oversees numerous AIFs utilizing both debt and equity approaches. Anicut has invested in early and growth startups as well as MSMEs. Currently, the company manages three debt funds (GAF-1, GAF-2, and GAF-4), a seed fund (GAAF), and an early growth equity fund (GAF-3). With a total AUM of Rs 3,000 crore.
Its portfolio features brands such as Curatio Healthcare, Agnikul, Wow! Momo, Axiscades, Kaynes, Bira, Sugar Cosmetics, Earth Rhythm, Wingreens, Blue Tokai, Sharechat, Mcaffeine, Milky Mist, XYXX, and Sharechat.
