IIT-Madras startup Swadha Energies, a maker of tech-powered energy conservation solutions, has raised an undisclosed amount of funds in a pre-Series A round from angel investor groups Indian Angel Network (IAN), Keiretsu Forum and Stanford Angels. The Chennai-based startup aims to utilise the funds for further product development, to drive awareness about sustainable energy consumption, and to enhance its sales and marketing.

(Times of India)