Infuse Ventures, an early-stage sustainability and clean-tech fund associated with IIM Ahmedabad’s tech incubator Centre for Innovation Incubation and Entrepreneurship (CIIE) along with Ankur Capital has invested an undisclosed amount in a Series-A funding round in cold chain technology company TESSOL.
The startup plans to use the fresh funds to expand its sales and service network across India and create more products, it said in a statement.
Owned and operated by Thermal Energy Service Solutions Pvt. Ltd, TESSOL was founded by Rajat Gupta, an alumnus of IIT Delhi and Harvard, in 2013.
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