India, March 4 -- Climate tech startup FluxGen has secured INR 28 Cr ($3.36 Mn) in a Pre-Series A funding round led by IAN Alpha Fund.

The round also saw participation from Rainmatter, Gameskraft Technologies, Intersection Ventures and Force Ventures, along with existing investors Axilor Ventures and Arali Ventures.

The Bengaluru-based startup will use the fresh capital to scale up its AI and IoT-powered water management solutions. Additionally, it also aims to strengthen its presence in India while also expanding its footprint in the overseas markets like the Middle East and Africa.

Founded in 2021 by Ganesh Shankar and Emanuel Deepak, FluxGen offers water intelligence solutions that help industries monitor water usage in real time, a...