ZunRoof Obtains $3 Million Funding from Godrej Investment Office

Pranesh Chaudhary, founder and CEO of ZunRoof, said, “This investment will fuel our aim to put solar on the roofs of 1 million home-owners in the next five years and bring a taste of IoT to these customers.”

March 17, 2020. By News Bureau

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ZunRoof has announced that it has obtained $3 million in Series A funding from the Godrej investment office.

This is the second round of investment by Godrej, after its $1.2 million funding in a pre-series A round in April last year, ZunRoof said in a declaration.

ZunRoof, founded in 2016 by a group of IIT graduates, aims to use the investment to develop its product portfolio. The company’s clientele includes real estate developers and shared economy firms.

Pranesh Chaudhary, founder and CEO of ZunRoof, said, “This investment will fuel our aim to put solar on the roofs of 1 million home-owners in the next five years and bring a taste of IoT to these customers.”

“The perfect timing of the funding will help us hire and retain the best talent. Our 150+ employee strength already comprises alumni from India’s most premium companies and institutes including IITs and IIMs”, added Pranesh.

Till date, the company has assessed over 2,50,000 homes, designed over 30,000 rooftop solar systems in over 70 cities in India and has installed more than 15 MW of rooftop solar and over 50,000 IoT devices.

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