Rooftop Solutions Provider ZunRoof Raises Third Round of Angel Funding

Cleantech startup Zunroof has raised its third round of angel funding, looking to double its business in 2019.

Gurgaon-based Rooftop Solar solutions provider Zunroof has announced that it has raised an undisclosed amount in its third round of angel funding from Livspace founder Ramakant Sharma and Arun Diaz of IntelleGrow, along with lead investors off previous rounds, 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.”

Gaurav Gupta, Partner & Asia Director, Dalberg Advisors, said in the company statement, “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”

The team is actively looking to add IoT engineers and Data Scientists to its Tech team according to Pranesh, “We will deepen our operations in North India. We are now present in over 30 cities and aim to double this in 2019.” The company has already opened offices in Lucknow and Chandigarh this month.

Pranesh further commented, “This funding round comes at the exact right time for us as we are at a clear inflection point to grow at unheard-of speed in solar rooftops. 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.”

“I think prices are now exactly right and bottomed out for residential clients to put solar on their roofs. I believe this could be the year that rooftop will finally take off and we’re betting big on it, we are hopeful that ZunRoof will grow 5 times this year.”