Faclon Labs: IoT startup engaged in smart water management Faclon raises seed funding

Mumbai-based IoT startup Faclon Labs Pvt. Ltd has raised an undisclosed amount in a seed round to fund its product development and commercialisation efforts, the company said. The round was led by Vish Sathappan, director at Brand Capital, Bennett, Coleman and Co Ltd (BCCL), and Sameer Sainani, director, response, BCCL. Neev Angel Advisors and LetsVenture also participated in the round, the statement added. Paula Mariwala, founder and co-president, Stanford Angels & Entrepreneurs India, has also join Faclon's board. According to Sainani of media house BCCL, also know as the Times Group, Faclon Labs' solutions in smart water [...]