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Devic Earth - About the company

Devic Earth is a seed company based in Bengaluru (India), founded in 2018 by Srikanth Sola, Shaguna Sinha and Shivani Sinha Sola. It operates as a Provider of advanced air pollution reduction systems using pulsed radio frequency technology. This technology improves air quality over large areas at a low cost per unit area. The systems effectively reduce particulate matter concentrations in ambient conditions and require low maintenance. The technology is applicable across various industries including manufacturing, mining, and chemical processing. The systems are designed for large-scale deployment and offer real-time data access to monitor air quality improvements.. Devic Earth has raised $2.8M in funding from Blue Ashva Capital and Axilor Ventures, with a current valuation of $*****. The company has 16 active competitors, including 2 that are funded. Its top competitors include companies like Stratagroup, Florida Electrical Industries and Clairifier.

Company Details

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Social
XFacebook
Email ID
*****@devic-earth.com
Phone Number
+91 **********
Registered Address
VILLA 7, PARKWAY TIVOLI APARTMENTS, Kadugddi Main Road, Seegehalli, Kannamangala, Bangalore, Bangalore South, Karnataka, India, 560067
Key Metrics
Founded Year
2018
Location
Bengaluru, India
Stage
Seed
Total Funding
$2.8M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on Apr 04, 2025
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
15 as on May 31, 2025
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Devic Earth's funding and investors

Devic Earth has raised a total funding of $2.8M over 6 rounds. Its first funding round was on Sep 06, 2018. Its latest funding round was a Seed round on Apr 04, 2025 for $*****. 1 investor participated in its latest round. Devic Earth has 3 institutional investors and 6 angel investors.

Here is the list of recent funding rounds of Devic Earth:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Apr 04, 2025
6170315
Seed
6055627
2978623
7223313
7424016
Mar 16, 2024
4860189
Seed
5371276
5685308
4957811
Aug 29, 2022
4404479
Grant (prize money)
8205361
1851986
3410515
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Devic Earth's founders and board of directors

Founder? Claim Profile
The founders of Devic Earth are Srikanth Sola, Shaguna Sinha and Shivani Sinha Sola. Srikanth Sola is the CEO of Devic Earth.
Here are the details of Devic Earth's key team members:

Devic Earth's Board of Directors

Devic Earth's board has 4 active members. Srikanth Sola, Shaguna Sinha and Shivani Sinha Sola are part of team and Paresh Nanubhai Trivedi is independent board member.
Here is the list of Devic Earth's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
8y 6m
Team
-
Current
8y 6m
Team
-
Current
8y 6m
Independent board member
-
Current
5y 8m

Devic Earth's employee count trend

Devic Earth has 15 employees as of May 25. The total employee count is 50.0% more than what it was in May 24. Here is Devic Earth's employee count trend over the years:
Employee count trend for Devic Earth
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Devic Earth's Competitors and alternates

Top competitors of Devic Earth include Stratagroup, Florida Electrical Industries and Clairifier. Here is the list of Top 10 competitors of Devic Earth, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Devic Earth
Devic Earth
2018, Bengaluru (India), Seed
Provider of advanced air pollution reduction systems using pulsed radio frequency technology. This technology improves air quality over large areas at a low cost per unit area. The systems effectively reduce particulate matter concentrations in ambient conditions and require low maintenance. The technology is applicable across various industries including manufacturing, mining, and chemical processing. The systems are designed for large-scale deployment and offer real-time data access to monitor air quality improvements.
$2.8M
51/100
2nd
Logo for Stratagroup
Stratagroup
2016, Pune (India), Seed
Manufacturer of air purification system
-
32/100
3rd
Logo for Florida Electrical Industries
Florida Electrical Industries
1978, Delhi (India), Unfunded
Provider of air purification system
-
-
29/100
4th
Logo for Clairifier
Clairifier
2023, Mumbai (India), Unfunded
Provider of outdoor air purification systems
-
-
27/100
5th
Logo for InnoFlex
InnoFlex
2020, Eindhoven (Netherlands), Funding Raised
Manufacturer of photocatalytic systems for removing harmful industrial air pollutants
-
25/100
6th
Logo for Aereka
Aereka
2026, Noida (India), Unfunded
Developer of bio-electrostatic air purification systems for urban outdoor environments
-
-
25/100
7th
Logo for Purevento
Purevento
2003, Trittau (Germany), Unfunded
Providing outdoor air purifier
-
-
24/100
8th
Logo for Para PM
Para PM
1993, Colorado Springs (United States), Unfunded
Developer of air purification systems designed for outdoor and semi-open spaces
-
-
24/100
9th
Logo for BSC
BSC
2020, Chennai (India), Unfunded
Developer of outdoor air purification systems using multi-layer filtration techniques
-
-
22/100
10th
Logo for Jimco
Jimco
1993, Norway, Unfunded
Provider of industrial air purification and sterilization systems using UV-C and ozone
-
-
18/100
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Devic Earth's Latest cap tables and shareholding

Founders (largest shareholder) own 47.50%, Funds own 36.28%, Angels own 0.72% and ESOP Pool own 15.50%. The net worth of Devic Earth's founders is INR 32.5Cr as of Apr 04, 2025. The cap table displayed below is for DEVIC EARTH PRIVATE LIMITED which is the legal entity associated with Devic Earth.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
47.50%
32.5Cr
5824144
7964571
7682471
7910225
3218377
1056478
1549496
8441222
5439341
3696957
5893423
8999120
3122453
7203245
7737633
5953351
Fund
36.28%
24.8Cr
5447410
3768721
4167813
4279447
6513929
3394622
4849897
9738746
5628325
3795556
29
67
50
97
48
11
Angel
0.72%
48.9L
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
ESOP Pool
15.50%
10.6Cr
2713004
5281173
1365632
3084972
Total
100.00%
68.3Cr
8880442
7131309
8674609
8650471
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
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What documents will you get?
  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

Devic Earth's Investments and acquisitions

Devic Earth has made no investments or acquisitions yet.

Reports related to Devic Earth

Here is the latest report on Devic Earth's sector:

News related to Devic Earth

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