SolarSquare raises $4.2 million in a Series B funding led by Zerodha’s Rainmatter, Gruhas, and Others
May 17, 2024•over 1 year ago
Amount Raised
$4.2 Million
Round Type
series b
Investors
Good CapitalClimate AngelsLowercarbon CapitalGruhas ProptechZerodha’s Rainmatter
Description
Rooftop solar startup SolarSquare has successfully raised $4.2 million in a new funding round, attracting investment from existing backers including Zerodha’s Rainmatter Capital, Gruhas Proptech, Lowercarbon Capital, Climate Angels, and Good Capital. This infusion of funds is expected to drive the company’s expansion plans, fulfill working capital needs, and support general corporate purposes.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers