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Aishwarya Rai Bachchan Turns Angel Investor

Author : Odisha Today Bureau | Posted on: 2019-07-16

Bollywood actress Aishwarya Rai Bachchan and her mother Vrinda Rai have made their debut as Angel investors as they invested Rs 5 million in an environmental intelligence startup, Ambee.

 

This is not Bachchan’s first investment in clean technology.


Earlier also, the actress invested in wind power projects in Maharashtra.


 

Her latest investment in Ambee is an idea which was born out of an Internet of Things hackathon at Amazon Development Center in Bengaluru. The winners Akshay Joshi, Jaideep Singh and Madhusudan Anand founder Datair Technology, whose product is Ambee. Ambee monitors the air quality with data sensors. Due to the worsening air quality in India, the country has seen the rising of air purifiers in recent years.

 

Ambee raised an undisclosed amount of funding from Venture Catalysts in December 2018. From the network of investors on the incubation platform Venture Catalysts, former Google India head Rajan Anandan too had in the startup.

 

The country has seen a growth in the number of air purifier startups. Nanoclean is another such startup which promises to turn the air conditioner into an air purifier. The startup born out of IIT Delhi and was also awarded National Startup Award by former President Pranab Mukherjee.



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