Aishwarya Rai Bachchan turns investor, invests ₹50 cr in Bengaluru-based Ambee

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Aishwarya Rai Bachchan, an ace Bollywood actor, along with her mother, have invested ₹50 crore in Ambee, a Bengaluru-based environment intelligence startup. While, other investor Rajan Anandan also infused ₹3.22 crore into the statup.

This is another development from Bollywood fraternity, after Deepika Padukone, Akshay Kumar, and Shahid Kapoor, and many others have already stepped into the zone of investors.

Ambee, based out of Bengaluru, was founded by Akshay Joshi, Jaideep Singh, and Madhusudan Anand. The startup provides data about hyperlocal air quality which is accessible to developers, consumers, health researchers and media companies. The platform uses proprietary data and analytics to help end users make informed decisions or take preventive measures in a situation of severe environmental distress.

Such proprietary data includes sensor data, weather patterns, traffic data, ratio of diesel to petrol vehicles and even contextual data such as road repair, garbage burning and density of diesel generators.

Whereas, according to the World Health Organisation (WHO), one air quality sensor should be installed for every one square kilometre.
The Centre for Science and Environment’s State of India’s Environment report says that air pollution is killing one lakh children under the age of five in India every year and is responsible for 12.5% of all deaths in the country.

India is home to 14 out of the 20 most polluted cities in the world. Further, according to the World Health Organization (WHO) report, over 10-50% of indoor environments in India, North America, Europe, Australia and Japan are estimated to be affected by indoor dampness.

On the other hand, according to a report by the National Center for Biotechnology Information (NCBI), the ill-effects of indoor air pollution results in about 2 Mn premature deaths per year in India.

Of this, 44% are due to pneumonia, 54% from chronic obstructive pulmonary disease (COPD), and 2% from lung cancer. Notably, the indoor air quality monitoring market is estimated to reach $4.63 Bn by 2022.

Some of the significant startups, falling under the similar domain as Ambee, includes Logicladder, acLima, Plutora, airgloss, and many more.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Army kills 35 Jaish, Hizb militants across LoC

Srinagar, Oct 20 (IANS) At least 35 Jaish-e-Mohammed and Hizbul Mujahideen militants were killed in retaliatory firing and shelling...

Steven Spielberg: I was ashamed of lots of things

Los Angeles, Oct 20 (IANS) Filmmaker Steven Spielberg was ashamed of a lot of things while growing up, and says he was bullied for...

Why has Elon Musk suddenly gone offline?

San Francisco, Oct 20 (IANS) It has been a couple of days since SpaceX CEO Elon Musk, who has courted several controversies with his...

Smartphone can help patients take pills on time

Buenos Aires, Oct 20 (IANS) The smartphone is now frequently blamed for a lot of health problems, but it appears that the device may...

AI, digital marketing key skills to boost growth

New Delhi, Oct 20 (IANS) Artificial Intelligence (AI) and Machine Learning (ML), digital marketing and design thinking are the top skills that organisations will...
- Advertisement -

More Articles Like This