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2014-02-07

Energy Management firm Logicladder secures Rs 17 million angel funding

LogicLadder recently announced that it has sucessfully closed an angel round of Rs 17.2 million.

Gurgaon-based LogicLadder recently announced that it has sucessfully closed an angel round of Rs 17.2 million. LogicLadder plans to use the funds to accelerate its growth and advance its technology leadership position. It is a fast growing energy management company offering energy software, hardware and consulting services that help organization reduce their energy costs.

 

LogicLadder was founded in 2011, and has since rapidly grown its customer base. It offers a unique mix of consulting services and a cloud based energy management system. The company works with its customers through the full energy saving cycle.

 

It helps its monitor energy use, identify issues and implement energy saving measures. LogicLadder customers include some big names in manufacturing, healthcare and hospitality.

 

"The investors were particularly attracted to LogicLadder by its strong management team, long successful track record and focus on actual savings for the customers in the energy space,” said Mayank Chauhan, CEO and Co-Founder.

 

"The two co-founders have also successfully founded SenseGrow which is a leader in the Internet of Things space. This gave a lot of confidence to the investors in the current team and their capabilities,” said Atindra Chandel, Co-Founder.

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