ZunRoof CEO Pranesh Chaudhary said that the funds would be used to scale their tech offerings and expand the team
Gurgaon headquartered cleantech startup ZunRoof said that it had raised an undisclosed amount in angel funding from Livspace founder Ramakant Sharma and Arun Diaz of IntelleGrow, along with lead investors of previous rounds, including Pradeep Tharakan, Gaurav Gupta, Vismay Sharma, and others.
Pranesh Chaudhary, CEO, Zunroof said that the funds would be used to scale their tech offerings and expand the team. “We have a very potent and unique mix of VR, ML and Image Processing backing our operations which has led us to already the highest number of solar rooftops in India and we aim to build on this lead further.”
ZunRoof is a cleantech company, using unutilized rooftops for solar power. Gaurav Gupta, Partner & Asia Director, Dalberg Advisors, said, “In a crowded market, the key for investors was to see a team with really strong execution capability. ZunRoof had a track record for not just having strong tech skills, but quickly bringing them to market and thereby staying way ahead of the competition”
Chaudhary said that the company would be looking at hiring experienced IoT engineers and data scientists for its tech team. “We will deepen our operations in North India. We are now present in over 30 cities and aim to double this in 2019,” he said. The company has already opened offices in Lucknow and Chandigarh this month.
Ajith Pai, Partner, Paypal Ventures, said, “ZunRoof today has used technology in VR and image processing to break down the usual barriers to adoption of Roof Top Solar. I continue to be impressed with what they achieved in the short period of time since invested back in April 2018. My repeat investment in the second round of funding is an affirmation of my belief in their tech prowess, their business plan, their company and their team. I have no doubt that this is one investment that will pay off.”
Source: tech.economictimes.indiatimes
