Praan Raises $1.56 Million Funding Fresh funds will be used to democratize technologies to deliver clean air at INR 1 per person a day

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handle

Committed to mitigating urban air pollution through the use of outdoor air purification systems, California and Mumbai-based startup Praan has raised funding of $1.56 million led by Social Impact Capital, with participation from Better Capital, Paradigm Shift Capital and Avaana Capital, Quality of Life Investments Texas (Angel Syndicate).

The fresh funds will be used to build and expand the company's Indian team as well as take the patent-pending core technology to real large-scale pilots through B2B deployments, stabilize manufacturing, and democratize the technology to deliver clean air at INR 1 per person per day. The company also plans to add velocity to efforts in direct air CO2 capture both in India and USA, said a statement.

"The fundraise offers the company an incredible opportunity and an honest shot at trying to help over three billion people breathe cleaner air around the world. It's an extremely difficult and nuanced challenge but we are working our best to fulfill our mission and are thrilled with the trust instilled in us by our investors," said Angad Daryani, founder and CEO of Praan.

"The world sees over 70 million deaths every year due to air pollution, making it a very important challenge that requires immediate attention. Praan's deep tech expertise and mission-focused attitude has been really exciting and with this funding, we are hopeful to bring in a change in what is considered an extremely nuanced problem with a tremendous impact," said Sarah Cone, founder and managing partner at Social Impact Capital.

Using a region-based approach for purification, Praan has positioned itself as a viable alternative in the absence of credible state-backed large-scale initiatives to clean out air, added the statement.

Shrabona Ghosh

Senior Correspondent

I write on corporates and lead a project called 'Corporate Innovations', wherein I cover large enterprises across technology, auto, FMCG and avaition. I engage in CEO dialogues and run my podcast series The Big Bosses. You can reach out to me at gshrabona@entrepreneurindia.com
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Side Hustle

This 29-Year-Old's Side Hustle Brought People 'to the Dark Green Side.' It Made $10,000 Within 2 Days and Sees 6 Figures a Month.

Nikki Seaman began work on her business when the pandemic led to grocery store shutdowns.

Business News

Perplexity CEO Says AI Coding Tools Cut Work Time From 'Four Days to Literally One Hour'

Perplexity CEO Aravind Srinivas said that the startup's engineers are using AI coding tools.

News and Trends

CosMoss, The Wedding Company, and Aquila Clouds Raise Early-Stage Funding

The below brands have announced their latest funding rounds.

News and Trends

WeWork Gets SEBI Nod, NSE Bags Top Rankings & PhonePe Hires Key Figure Ahead of IPO

WeWork India gets SEBI's nod for IPO with a major Offer for Sale lined up by its promoters.Meanwhile, NSE ranks fourth globally in IPO fundraising, and PhonePe strengthens its leadership ahead of its public debut.

News and Trends

World Youth Skills Day 2025: Spotlight on India's AI Talent Crisis

As businesses evolve with robots, artificial intelligence and intelligent automation, the very nature of work is undergoing a paradigm shift. Nearly 40 % of workers' core skills are expected to change by 2030, says Satish Shukla, Co‑founder, Addverb