SAR: Exclusive: Livpure brand owner SAR Group backs clean-tech startup Air OK

SAR Group, the founding promoters of brand Luminous and owner of Livpure water purifiers, has invested in Chennai-based clean-tech startup Air OK Technologies, a top company executive told VCCircle. "We have invested about Rs 12 crore ($1.8 million) in Air OK Technologies for a 30% stake. Air OK is developing air purifiers and its products are in the late-stages of development," said SAR Group co-founder and chairman Navneet Kapoor. As part of the deal, Kapoor will join the board of Air Ok Technologies. Headquartered in Gurgaon, SAR Group was founded in 1988 by Kapoor and Rakesh Malhotra. [...]