Kerala startup Carbelim bags Rs 10 crore from IIT Madras fund, eyes Rs 100 crore turnover

Thiruvananthapuram, Oct 29 (UNI) Kerala Startup Mission (KSUM)-backed deep-tech startup Carbelim has secured Rs10 crore from the IIT Madras Unicorn Frontier Fund, becoming the first startup from the state to receive investment from the fund. The investment is expected to help the climate-tech company scale up its microalgae-based carbon capture and air-purification technologies, expand its international presence and create more than 50 additional jobs, taking its workforce beyond the current 42 employees. The company aims to achieve a turnover of Rs100 crore through international markets, its CEO Dr Karthika Gopi said. Founded by Dr Karthika Gopi and Rahul Babu, Carbelim…