What is Lohum?
Lohum operates as a clean technology company specializing in comprehensive e-waste management solutions. Based in Noida, India, the company addresses the critical environmental challenge posed by electronic waste through innovative recycling and repurposing strategies. Lohum's operations are crucial for promoting sustainability and resource recovery within the rapidly growing technology sector, positioning it as a key player in India's green economy initiatives.
How much funding has Lohum raised?
Lohum has raised a total of $61M across 2 funding rounds:
Private Equity
$7M
Series B
$54M
Private Equity (2021): $7M with participation from Baring Private Equity Partners
Series B (2024): $54M led by Baring Private Equity, Ventureast, and Stride Ventures
Key Investors in Lohum
Baring Private Equity
Baring Private Equity Partners India, with a history in India since 1998, focuses on building companies through strategic initiatives and providing access to industry experts to enhance management and governance, aiming for superior risk-adjusted returns.
Ventureast
Ventureast is a long-standing Indian venture capital firm managing over $325 million, specializing in early-stage investments in Deeptech, Product Software, and B2B solutions, partnering with innovative entrepreneurs.
Stride Ventures
Stride Ventures, established in 2019 and based in New Delhi, is an Indian venture capital firm dedicated to investing in innovative startups across the country.
What's next for Lohum?
The substantial enterprise-level backing Lohum has received, particularly the recent strategic investment, signals a phase of accelerated growth and market expansion. This capital infusion is expected to bolster Lohum's capacity for e-waste processing, enhance its technological capabilities in recycling, and potentially fund geographical diversification. The company is likely to leverage this financial strength to solidify its leadership in the clean technology and sustainable waste management sectors, further contributing to India's environmental goals and the global push for a circular economy.
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