Total amount raised
$7 Millions
Latest funding date
12/01/2024
Location
ZunRoof has successfully raised ₹200,000,000 in a recent funding round, with notable investors including the Godrej family office and ANBG Enterprise. The company is dedicated to providing smart and clean energy solutions through solar rooftop systems.
Keep reading to explore the intricacies of ZunRoof's fundraising journey and the investors backing this innovative platform.
What Is ZunRoof?
ZunRoof, founded on June 13, 2016, is a home-tech startup based in Gurgaon, Haryana, India. The company specializes in providing smart and clean energy solutions through solar rooftop systems.
With a team of 101-250 employees, ZunRoof was founded by Kartik Marwah, Pranesh Chaudhary, and Sushant Sachan. The company operates in various industries, including Clean Energy, CleanTech, Renewable Energy, and Environmental Consulting.
ZunRoof offers comprehensive solar solutions, including design, delivery, diagnostics, and financing support, making it a leader in India's solar rooftop installation sector.
How Much Funding Has ZunRoof Raised?
- Pre-Seed Round
- Amount Raised: $70K
- Date: December 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to kickstart the company's operations and product development.
- Angel Round
- Amount Raised: ₹16.6M
- Date: June 2018
- Lead Investors: Intellecap Impact Investment Network
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and expand the company's market presence.
- Angel Round
- Amount Raised: ₹11.4M
- Date: December 2018
- Lead Investors: Arun Diaz, Ramakant Sharma
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further accelerate growth and enhance product offerings.
- Series A
- Amount Raised: $1.2M
- Date: April 2019
- Lead Investors: Godrej family office
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development.
- Series A
- Amount Raised: $3M
- Date: March 2020
- Lead Investors: Godrej family office
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product portfolio, achieve 500% growth, and launch the home-IoT product line.
- Venture Round
- Amount Raised: ₹200M
- Date: December 2024
- Lead Investors: ANBG Enterprise, Godrej family office, Ravindernath Chadha
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities.
Total Amount Raised: $4.27M + ₹228M
Current Valuation: Not publicly disclosed
Key Investors
- Godrej Investment Office
- Details: The investment arm of the Godrej Group, a large Indian conglomerate with interests in various sectors including consumer goods, real estate, and agriculture.
- Investment Focus Areas: Technology, consumer goods, real estate.
- Notable Investments: ZunRoof, various strategic investments aligning with the Godrej Group's goals.
- ANBG Enterprise
- Details: A private investment firm known for its strategic investments in high-growth potential companies.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Ravindernath Chadha
- Details: An individual investor with a focus on supporting innovative startups and growth-stage companies.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Ramakant Sharma
- Details: Founder of Livspace, a home interior and design technology company.
- Investment Focus Areas: Home interior, design technology.
- Notable Investments: Livspace.
- Gaurav Gupta
- Details: Asia Director at Dalberg Advisors, a consulting firm focused on social impact and development.
- Investment Focus Areas: Consulting, social impact, development.
- Notable Investments: Various social impact projects through Dalberg Advisors.
What's Next for ZunRoof?
ZunRoof is poised for significant growth, with plans to expand its product portfolio and launch a home-IoT product line. The company aims to install solar systems on the roofs of 10 lakh homeowners over the next five years, targeting a 500% growth within the year. This ambitious expansion presents a substantial opportunity in the renewable energy and smart home markets.
To support these initiatives, ZunRoof may seek additional funding rounds, leveraging the growing interest in cleantech and sustainable energy solutions. The company’s ability to attract further investments will be crucial in scaling operations and achieving its milestones.
However, ZunRoof faces challenges such as meeting its ambitious growth targets, successfully launching new products, and navigating a competitive job market to hire and retain top talent. Additionally, the company must adapt to regulatory changes in the renewable energy sector to maintain its growth trajectory.
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