Illumine Industries Private Limited Raises Rs 17 Crore in Series A Funding Round
Illumine Industries Private Limited (Illumine-i), a sustainable design and engineering firm, has secured Rs 17 crore (approximately $2 million) in its Series A funding round from Anicut Capital.
The funding will be utilized by Illumine-i to focus on automation, digitization, and enhancing asset caliber. Additionally, the investment will support the company’s expansion into new markets.
Founded in 2015 by Nithish Sairam and Sudarsan Krishnan, Illumine-i began its journey with a small team of 5 members, focusing on designing low voltage power plants. The company offers structural and electrical engineering expertise for power plants, energy storage systems, and distribution components.
In addition to the power sector, Illumine-i provides digital modeling, MEP engineering, and project management services to the architecture, engineering, and construction (AEC) sector.
Anicut Capital, the investment firm backing Illumine-i, manages multiple Alternative Investment Funds (AIFs) across debt and equity strategies. Anicut’s portfolio includes investments in early and growth-stage startups and MSMEs. Some of the notable brands in Anicut’s portfolio include Wow! Momo, Axiscades, Kaynes, Bira, Sugar Cosmetics, Earth Rhythm, Wingreens, Blue Tokai, Sharechat, Mcaffeine, Milky Mist, XYXX, Curatio Healthcare, and Agnikul, among others.
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