About Artha Energy Resources
Artha Energy Resources is a company based in Mumbai (India) founded in 2013 by Animesh Damani and Anirudh A Damani.. Artha Energy Resources has raised $11.3 million across 6 funding rounds from investors including DSP Mutual Fund, Shahi and Sat Industries. The company has 17 employees as of April 06, 2024. Artha Energy Resources offers products and services including RenewShare, Resco Platform, Solar Development, Asset Management, and Investment Banking. Artha Energy Resources operates in a competitive market with competitors including Lightsource BP, CleanMax, Freyr Energy, Fourth Partner Energy and Sterling And Wilson, among others.
- Headquarter Mumbai, India
- Employees 17 as on 06 Apr, 2024
- Founders Animesh Damani, Anirudh A Damani
- Stage Minicorn
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Sectors
Energy & UtilitiesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Artha Energy Projects Private Limited
- Date of Incorporation 08 Oct, 2013
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$639.1 K (USD)-55.23as on Mar 31, 2023
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Net Profit
$-143.78 K (USD)-114.87as on Mar 31, 2023
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EBITDA
$39.84 K (USD)334.71as on Mar 31, 2023
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Total Equity Funding
$11.3 M (USD)
in 6 rounds
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Latest Funding Round
$10.07 M (USD), Series A
May 03, 2024
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Investors
DSP Mutual Fund
& 25 more
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Employee Count
17
as on Apr 06, 2024
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Products & Services of Artha Energy Resources
Artha Energy Resources offers a comprehensive portfolio of products and services, including RenewShare, Resco Platform, Solar Development, Asset Management, and Investment Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for renewable energy asset intelligence and transactions
Tool for solar development and energy management solutions
Services for planning and executing solar energy projects
Oversight of renewable energy assets for optimal performance
Banking services for renewable energy investments and transactions
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Funding Insights of Artha Energy Resources
Artha Energy Resources has successfully raised a total of $11.3M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $10.07 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $10.1M
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First Round
First Round
(10 Nov 2023)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Artha Energy Resources | Valuation | DSP Mutual Fund | |
| Apr, 2024 | Amount | Angel Round - Artha Energy Resources | Valuation | Gautam Gurnani | |
| Feb, 2024 | Amount | Angel Round - Artha Energy Resources | Valuation | Pankaj Daga |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Artha Energy Resources
Artha Energy Resources has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include DSP Mutual Fund, Shahi and Sat Industries. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital firm investing in India
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Founded Year | Domain | Location | |
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Delivers comprehensive investment management services for funds.
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Founded Year | Domain | Location | |
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An online platform for private wealth management tailored to individuals.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Artha Energy Resources
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Artha Energy Resources
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Artha Energy Resources Comparisons
Competitors of Artha Energy Resources
Artha Energy Resources operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lightsource BP, CleanMax, Freyr Energy, Fourth Partner Energy and Sterling And Wilson, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar energy projects are developed and operated by Lightsource BP.
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| domain | founded_year | HQ Location |
Solar energy projects are developed for commercial and industrial clients.
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| domain | founded_year | HQ Location |
Solar energy projects are developed for residential and commercial applications.
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| domain | founded_year | HQ Location |
On-grid and off-grid solar solutions and products are provided.
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| domain | founded_year | HQ Location |
EPC and MEP services are provided across diverse sectors.
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| domain | founded_year | HQ Location |
Provider of solar EPC, IPP services, and battery energy storage systems
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Artha Energy Resources
Frequently Asked Questions about Artha Energy Resources
When was Artha Energy Resources founded?
Artha Energy Resources was founded in 2013 and raised its 1st funding round 10 years after it was founded.
Where is Artha Energy Resources located?
Artha Energy Resources is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Artha Energy Resources?
Animesh Damani is the current CEO of Artha Energy Resources. They have also founded this company.
Is Artha Energy Resources a funded company?
Artha Energy Resources is a funded company, having raised a total of $11.3M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $337.05K, raised on Nov 10, 2023.
How many employees does Artha Energy Resources have?
As of Apr 06, 2024, the latest employee count at Artha Energy Resources is 17.
What is the annual revenue of Artha Energy Resources?
Annual revenue of Artha Energy Resources is $639.1K as on Mar 31, 2023.
What does Artha Energy Resources do?
Platform for mapping renewable energy generation assets. The platform provides solutions for solar, wind, and hydro energy projects and provides financing solutions. It enables engineering, procurement, and construction firms, developers, investors, and technology partners in the renewable energy sector. It offers services for solar and wind energy projects. It represents buy- or sell-side clients, providing end-to-end services including deal origination and asset transfer.
Who are the top competitors of Artha Energy Resources?
Artha Energy Resources's top competitors include Lightsource BP, CleanMax and Fourth Partner Energy.
What products or services does Artha Energy Resources offer?
Artha Energy Resources offers RenewShare, Resco Platform, Solar Development, Asset Management, and Investment Banking.
Who are Artha Energy Resources's investors?
Artha Energy Resources has 26 investors. Key investors include DSP Mutual Fund, Shahi, Sat Industries, Glance Finance, and Snow Leopard Ventures.
What is Artha Energy Resources's valuation?
The valuation of Artha Energy Resources is $49.27M as of May 2024.