Indian IoT startup Zenatix raises $1.2 Million in pre-series A round led by pi Ventures

Zenatix, a data-driven energy efficiency company has raised $1.2 million (INR 80 million) in a pre-series A round of funding led by pi Ventures. The company’s existing investor Blume Ventures also participated in the round.

“We have a subscription based engagement model – the customer doesn’t have to pay anything upfront. It is a fixed annual fee whereby the energy efficiency benefit itself outweighs the fee,” said Rahul Bhalla, Co-founder and CEO, Zenatix Solutions. Read the full article here.