Logicladder raises Rs 1.72 Cr angel funding from private investors

Logicladder an energy & asset intelligence startup founded in 2011 by Mayank Chauhan and Atindra Chandel has successfully raised an angel funding round of Rs 1.72 crores from a set of private angel investors. LogicLadder converts every energy & asset inefficiency into an opportunity to reduce costs and maximize profits for small & medium enterprises, large enterprises, campuses and government organizations.Atindra, a commerce graduate from Delhi University has been a serial entrepreneur. Prior to LogicLadder, Atindra had co-founded Masplantiz Technologies and has worked in organizations like Anglo Eastern Ship Management, Shipping Corporation of India and SenseGrow Technologies. Mayank is a Chemical Engineer from IIT, Bombay and a law graduate from Faculty of Law, Delhi University. Prior to Logicladder, Mayank co-founded Masplantiz Technologies and has worked with Sapient Corporation.

LogicLadder currently provides energy and asset intelligence solutions and services. It offers a unique mix of consulting services and a cloud based energy management system like -

• EnergyLogicIQ - a cloud based energy management software platform
• Energy Intelligence Services - A consulting service that helps you analyze your energy data and implement solutions that reduce costs.

Speaking on the occasion, Mr. Mayank Chauhan, CEO and Co-Founder said - "The investors were particularly attracted to LogicLadder by its strong management team, long successful track record and focus on actual savings for the customers in the energy space.""The two co-founders have also successfully founded SenseGrow which is a leader in the Internet of Things space. This gave a lot of confidence to the investors in the current team and their capabilities.", said Mr. Atindra Chandel, Co-Founder.

Do logon to http://www.logicladder.com/ to know more on the venture.