Nūl Global Technologies is a great example of the cross-border talent flows that we firmly believe it. Indian founders Malini Kannan and Raghav M.S. are building a Singapore-based climatetech startup that’s targeting the $2 trillion global fashion industry.
What is the news?
- Nūl Global Technologies Pte.Ltd., co-founded by Indian entrepreneurs Malini Kannan (CEO) and Raghav M.S. (CTO), has secured $500,000 in pre-seed funding from Wavemaker Impact, a Southeast Asian climate tech venture builder.
- The startup’s AI-driven platform helps fashion brands reduce overproduction and optimize inventory allocation, addressing both environmental impact and revenue loss in the fashion industry.
Why is it interesting?
- Nūl is tackling a massive environmental problem that contributes 6-10% of global carbon emissions.
- Their pilot projects in Southeast Asia have already demonstrated impressive results, a 10% revenue uplift through inventory optimization and potential to boost sell-through rates by up to 50% while avoiding 7,500 tCO2e emissions annually per brand.
Read more: Wavemaker Impact launches Nūl with a $500,000 investment to tackle fashion overproduction