ZunRoof Raises Funding from 3rd Round of Angel Funding

Zunroof, Gurgaon-based Rooftop Solar solutions provider has announced that it has raised an unrevealed amount in its third round of angel funding from Livspace founder Ramakant Sharma and Arun Diaz of IntelleGrow, along with pilot investors off previous rounds, Pradeep Tharakan, Gaurav Gupta, Vismay Sharma and others.

Pranesh Chaudhary, CEO, Zunroof supposed that the funds would be used to range their tech offerings and develop 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, thought in the company declaration, “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 aggressively 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 remarked, “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.”