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Power distribution grid startup Probus raises seed funding from Unicorn India Ventures

Mumbai-based early stage VC (venture capital) Fund house Unicorn India Ventures (UIV) has announced its fourth investment from Rs 400 crore Fund II in IoT (Internet of Things) enabled Smartgrid automation startup Probus Smart Things. The company has raised an undisclosed seed round from UIV which will be used for scaling up the platform and entering new geographies.Probus develops integrated hardware and software solutions for utility providers.Probus digitises the distribution grid and functions as an IoT platform based service. They are winners of the “Best Startup in India” for their sustainable solution at the 2019 Seedstars Delhi. The company and the underlying technology has been awarded by Indian Smart Grid Forum twice for the soluti.....

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