About Ayana
Ayana is a company based in Bengaluru (India) founded in 2017 was acquired by ONGC in February 2025.. Ayana has raised $720 million across 3 funding rounds from investors including ONGC, Hindalco and British International Investment. The company has 158 employees as of May 31, 2025. Ayana operates in a competitive market with competitors including Rays Power Infra, Amplus Solar, Fourth Partner Energy, SB Energy and Oriano Solar, among others.
- Headquarter Bengaluru, India
- Employees 158 as on 31 May, 2025
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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
$111.5 M (USD)-3as on Mar 31, 2024
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Net Profit
$5.42 M (USD)-42as on Mar 31, 2024
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EBITDA
$86.96 M (USD)-1as on Mar 31, 2024
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Total Equity Funding
$720 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
ONGC
& 5 more
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Employee Count
158
as on May 31, 2025
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Acquired by
ONGC
(Feb 12, 2025)
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Funding Insights of Ayana
Ayana has successfully raised a total of $720M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(01 Mar 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series E - Ayana | Valuation | Hindalco |
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| Dec, 2020 | Amount | Series E - Ayana | Valuation | British International Investment | |
| Mar, 2019 | Amount | Series D - Ayana | Valuation | EverSource Capital , NIIF |
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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 Ayana
Ayana has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include ONGC, Hindalco and British International Investment. 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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Infrastructure investment and management are conducted in India.
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Founded Year | Domain | Location | |
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Private equity, infrastructure, and funds on funds focused on multiple sectors
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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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 Ayana
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Ayana
| 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 |
Ayana Comparisons
Competitors of Ayana
Ayana 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 Rays Power Infra, Amplus Solar, Fourth Partner Energy, SB Energy and Oriano Solar, 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 |
Turnkey solar engineering, procurement, and construction solutions are provided.
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| domain | founded_year | HQ Location |
Solar installation services and renewable energy solutions are provided.
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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 |
Solar energy projects are developed and managed globally.
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| domain | founded_year | HQ Location |
Solar energy projects are developed by Oriano Solar in India.
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| domain | founded_year | HQ Location |
EPC and MEP services are provided across diverse sectors.
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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 Ayana
Frequently Asked Questions about Ayana
When was Ayana founded?
Ayana was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Ayana located?
Ayana is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Ayana?
Shivanand Nimbargi is the current CEO of Ayana.
Is Ayana a funded company?
Ayana is a funded company, having raised a total of $720M across 3 funding rounds to date. The company's 1st funding round was a Series D of $330M, raised on Mar 01, 2019.
How many employees does Ayana have?
As of May 31, 2025, the latest employee count at Ayana is 158.
What is the annual revenue of Ayana?
Annual revenue of Ayana is $111.5M as on Mar 31, 2024.
What does Ayana do?
Ayana was founded in 2017 and is based in Bengaluru, India. Renewable energy projects, including utility-scale solar, wind, hybrid, and round-the-clock solutions, are developed and managed. Close to 5 GWac of such projects are overseen in the clean energy sector. Focus is placed on sustainable power generation for utilities and large-scale applications across the region.
Who are the top competitors of Ayana?
Ayana's top competitors include Rays Power Infra, Fourth Partner Energy and Oriano Solar.
Who are Ayana's investors?
Ayana has 6 investors. Key investors include ONGC, Hindalco, British International Investment, NIIF, and Ngel.