Clean tech start-up Thinkphi raises money from angel investor Nimmagadda Prasad

Funding to be utilised for R&D and building a sales and distribution network

Thinkphi, a clean-tech company, has raised money from angel investor Nimmagadda Prasad an early backer of companies including Matrix Laboratories, Maa TV, and Care Hospitals. Most recently he invested in Sachin Tendulkar's ISL team Kerala Blasters.

The company has made some early sales of its patented Rainwater and Solar harvesting product to key customers such as Godrej Interio and Rustomjee.

The angel round of funding will be deployed primarily towards expanding operations, R&D team and starting of sales and distribution activities, said the company.

The company plans to stay asset light and ensure focused effort and detail is spent on product design, material selection and manufacturing process.

Thinkphi is planning to launch products around energy saving devices and consumer waste management.

Thinkphi was founded in 2015 by Samit Choksi and Priya Vakil Choksi.