Coimbatore-based Aabsn Industries, manufacturer of Bio Cleaner, Toilet Cleaner, Floor Cleaner, Tile Cleaner, etc has raised 10L as seed funding through the Angel Investor team of By The Startups (BTS) Networking Community. Ramesh Kumar, a HR by profession, based out of Coimbatore, made the investment after the startup’s founder Surendara Babu made a formal startup pitch following a field visit by the investor.
Babu said that the funding will be utilized for the distribution and marketing of the startup’s laundry and hygienic biocare products. He added that the impact of the global Covid-19 pandemic has left many manufacturing businesses in a soup. A slew of Aabsn products has already made its way into a number of departmental stores and malls, justifying the investment that has gone into it. The investment made on the basis of equity will help the startup scale its operation and travel places. Shameer, the founder of By The Startups Community, asserted that more Angel investors will be added to the investor team of the community in the months to come.