About Avaada Group
Avaada Group is a company based in Delhi (India) founded in 2009 by Vineet Mittal.. Avaada Group has raised $879.45 million across 6 funding rounds from investors including Asian Development Bank, GPSC and Brookfield Asset Management. Avaada Group offers products and services including Solar PV Manufacturing, Green Fuels, Renewable Energy Solutions, and Energy Storage Solutions. Avaada Group operates in a competitive market with competitors including Octopus Energy, Greenko Group, Acciona Energy, ACME Group and Azure Power, among others.
- Headquarter Delhi, India
- Founders Vineet Mittal
- Stage Unicorn
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$879.45 M (USD)
in 6 rounds
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Latest Funding Round
$535 M (USD), Debt – Conventional
May 02, 2024
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Investors
Asian Development Bank
& 8 more
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Employee Count
Employee Count
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Products & Services of Avaada Group
Avaada Group offers a comprehensive portfolio of products and services, including Solar PV Manufacturing, Green Fuels, Renewable Energy Solutions, and Energy Storage Solutions. 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.
Produces world-class solar technology for energy projects.
Develops sustainable fuels like ammonia for clean energy transition.
Offers solar and wind projects for sustainable power generation.
Provides pumped storage for efficient energy management systems.
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Funding Insights of Avaada Group
Avaada Group has successfully raised a total of $879.45M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $535 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 Debt – Conventional — $535.0M
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First Round
First Round
(09 Apr 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Debt – Conventional - Avaada Group | Valuation |
investors |
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| Jun, 2023 | Amount | Series A - Avaada Group | Valuation | GPSC | |
| Jul, 2021 | Amount | Series A - Avaada Group | Valuation | GPSC |
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| 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 Avaada Group
Avaada Group has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Asian Development Bank, GPSC and Brookfield Asset Management. 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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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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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 Avaada Group
| 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 - Avaada Group
| 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 |
Avaada Group Comparisons
Competitors of Avaada Group
Avaada Group 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 Octopus Energy, Greenko Group, Acciona Energy, ACME Group and Azure Power, 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 |
Utility bill management platform is provided for tracking and billing.
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| domain | founded_year | HQ Location |
Energy transition and decarbonization solutions are provided by Greenko Group.
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| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Solar energy projects are developed for sustainable energy solutions.
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| domain | founded_year | HQ Location |
Provider of independent power producer in the utility scale renewable energy
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Avaada Group
Frequently Asked Questions about Avaada Group
When was Avaada Group founded?
Avaada Group was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Where is Avaada Group located?
Avaada Group is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Avaada Group?
Kishor Nair is the current CEO of Avaada Group.
Is Avaada Group a funded company?
Avaada Group is a funded company, having raised a total of $879.45M across 6 funding rounds to date. The company's 1st funding round was a Series A of $477.75M, raised on Apr 09, 2019.
What does Avaada Group do?
Founded in 2009 and based in Delhi, India, operations in the renewable energy sector are conducted by the company. Solar PV modules are manufactured, while projects in solar and wind energy are developed. Solutions for pumped hydro and battery energy storage are offered, alongside production of green fuels such as ammonia, methanol, and sustainable aviation fuel.
Who are the top competitors of Avaada Group?
Avaada Group's top competitors include Octopus Energy, Hero Future Energies and Azure Power.
What products or services does Avaada Group offer?
Avaada Group offers Solar PV Manufacturing, Green Fuels, Renewable Energy Solutions, and Energy Storage Solutions.
Who are Avaada Group's investors?
Avaada Group has 9 investors. Key investors include Asian Development Bank, GPSC, Brookfield Asset Management, FMO, and KfW.
What is Avaada Group's valuation?
The valuation of Avaada Group is $1.12B as of Jul 2021.
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