Zenatix is an IoT-based energy management provider whose product combines in-house connected hardware (energy meters, temperature/humidity sensors and a controller) with cloud software analytics and a dashboard. Its flagship product, WattMan (launched April 2016), targets energy efficiency for large retail chains, banking and financial institutions and is offered to around 20 customers. The dashboard processes real-time data, sends alerts via SMS and email, and enables automated controls and anomaly detection. Zenatix uses a subscription-based engagement model with a fixed annual fee and no upfront payment, positioning energy savings to outweigh the fee. The company plans to use the latest round primarily for hiring and for international expansion over the next six to 12 months. Founded in December 2013 by Bhalla, Vishal Bansal and Amarjeet Singh, the company is based in Gurugram and is described as backed by Hero Electronix. Zenatix Solutions builds an IoT-driven energy management and analytics product that correlates energy data with temperature, humidity and occupancy to help commercial customers cut energy costs. The company sells via a SaaS engagement model with fixed monthly or annual fees. Zenatix says its analytics typically deliver over 10% energy savings and that customers become cash-flow positive from the second month. It has more than 45 paying customers including Google, Tata Teleservices, Xerox, Mother Dairy and Starbucks, and targets an annualised recurring revenue of $1 million within 9–12 months. The two-year-old, Gurgaon-based startup plans to use new funding to hire talent, upgrade technology and product, and expand operations from the Delhi‑NCR to Bengaluru and Mumbai. Founders include Vishal Bansal, Rahul Bhalla (CEO) and Amarjeet Singh; the team plans to grow from about 20 to 30 employees and to reach roughly 100 clients in the coming six months.

Total raised

$1M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2017