Zenatix Solutions Revenue and Competitors

We are passionate about technology and sustainable planet. We strongly believe in power of technology and data and want to leverage these to make a meaningful contribution towards a sustainable planet. Data has shown that increase in electricity generation over the years has not been able to keep pace with increasing demand which makes energy efficiency a critical need of the hour. Primary focus has lately been on retrofits and operational efficiency has been overlooked. The inspiration for starting this company further came from the extensive research done by our co-founder and CTO, Dr. Amarjeet Singh, which has shown commercial buildings waste more than 30% of electricity that they use. We started Zenatix, a data-driven energy efficiency company with the sole purpose of making a significant dent in our fight against carbon footprint. We use advanced machine learning based models and deliver 10 to 30% energy efficiency to large commercial consumers of electricity. The models are built by collecting and analyzing more than 30 million of previously unseen (dark) data points every day from electrical assets. These models allow for automated and intelligent controls along with predictive and preventive maintenance of these assets, resulting in consistent and comfortable consumer experience in retail and banking sites while delivering high energy savings. We aim to address the energy efficiency problem across a range of customers and eventually help grids turn smarter. Our first solution (WattMan) addresses the problem for large retail chains and banking/financial set ups. WattMan is built over a scalable Internet of Things (IoT) stack and includes robust connected hardware developed in-house by Zenatix through extensive research and development. Given the distributed nature of retail/banking set-ups (100s of thousands of outlets/branches, spread across the country), having a control over the electricity spend and providing the right customer experience at the same time is a big challenge. For example, in a Quick Service Restaurant (QSR), maintaining the right temperature in customer areas, kitchen areas and cold storages is crucial. Also, they need to make sure that all their air-conditioning, kitchen and refrigeration appliances are working optimally all the time. WattMan addresses these challenges in an automated manner through its cloud based intelligent controls driven by advanced machine learning algorithms. While it ensures the right quality of service with consistent temperature maintenance, the savings resulting from it, pays for the solution by itself.  This value proposition in retail/banking segment alone will allow Zenatix to capture significant portion of more than $2.5 billion market opportunity (in ARR terms), in India and South East Asia. WattMan was launched in April 2016 and since then around 20 customers (large retail chains/banks) have signed up. The company aims to continue adding more customers with additional focus on scaling up with the existing customers. Zenatix is funded by leading VC funds in india - Blume Ventures and Pi Ventures. In addition, Zenatix has raised money from a group of prolific angel investors led by Rahul Khanna (Trifecta Capital), Rajan Anandan (Google) and Snapdeal co-founders, Kunal Bahl and Rohit Bansal.