The round also saw participation from Sriram Sankaran (Synchron Group) and Muthu Murugappan (Murugappa Group). As part of the deal, Vikram Raman (SEEAA) and Sriram Sankaran have joined the company’s Board of Directors.
The proceeds will be used to expand production of Carbonlites CBG, scale its organic fertiliser portfolio, improve operational efficiency, and strengthen teams across sales, marketing, and R&D.
Founded by Som Narayan and Kevin Houston, Carbon Masters converts organic waste otherwise bound for landfills into renewable biomethane and bio-enriched organic manure, marketed under its flagship Carbonlites brand. The firm operates through special purpose vehicles (SPVs) and joint ventures with waste management partners.
Its flagship JV, Sustainable Impacts with Hasiru Dala Innovations, runs one of Bengaluru’s only authorised wet waste facilities for bulk generators, with pipeline injection clearance from GAIL to deliver biomethane directly into India’s gas grid.
Carbon Masters produces Compressed Bio-Methane Gas (CBG) and bio-enriched organic manure under the Carbonlites brand, supplying clean fuel to commercial kitchens, industries, transport fleets, and city gas networks, while also improving soil health for farmers.
It operates five CBG plants across Karnataka, Telangana, and Tamil Nadu, collectively processing over 36,000 tonnes of municipal waste annually.
The brand is also preparing for its next equity raise to fund five upcoming SPVs, with Ostara Advisors appointed as transaction advisor.
