Proklean has developed a unique technology platform with wide-ranging applications across industries.
IIMA CIIE’s sustainability and cleantech fund Infuse Ventures, which is backed by Government of India’s Ministry of New and Renewable Energy (MNRE) has announced an investment of Rs 3.5 crore for an undisclosed stake in Chennai-based Proklean Technologies Private Limited.
Proklean manufactures completely natural products of probiotic origin, which can replace or reduce the use of currently used chemicals in various industrial and commercial applications like leather processing, textile processing and household cleaning. All products are sold under the brand name ‘Proviera’. Proklean uses a unique probiotic technology which makes the products 100 per cent bio-degradable, natural and non-toxic.
Founded by Dr. Sivaram Pillai, B. Chandrasekhar and Vishwadeep Kuila, the company has already developed a suite of products for customers in the textile and leather processing industries with marquee names in India like Vardhaman Group, Raymond, Mafatlal, Welspun, RSWM, Kapoor Industries, JK Mills, AVT, Super House and Upper India. Internationally, Proklean has customers in U.S.A., Brazil, Mexico, South Africa, Germany, Spain, Hungary, Turkey, Thailand, China, Philippines, Australia and Bangladesh.
Dr Pillai, who had been the CEO of SCD Probiotics, USA, and head of the bio-products business at the Murugappa Group, India, prior to founding Proklean, said, “What differentiates our technology from most green technologies is that we do not require any subsidy, either from the government or the customer. In fact, our products are cost and performance competitive compared to traditional chemical products in every application that we serve. Our products save water, processing time and in some cases even energy. This is besides being completely biodegradable.”
“Proklean has developed a unique technology platform with wide-ranging applications across industries and even in the consumer space”, said, Kunal Upadhyay, CEO, Infuse Ventures.
“Environmental concerns from industrial effluents are on the rise and we have seen very few innovative solutions and products to solve this problem. Proklean’s range of products address this major pain point for many industries today”, he added.
Proklean had earlier raised an angel round from Chennai Angels. IIMA-CIIE’s fund Infuse has been investing actively in the cleantech sector and its investments include energy-management startup Ecolibrium Energy, thermal-energy storage startup Tessol, renewable energy services startup REConnect, solar-pumping start-up Surya PowerMagic and geothermal HVAC provider GIBSS, among others.