About Claro Energy
Claro Energy is a company based in Delhi (India) founded in 2011 by Gaurav Kumar and Soumitra Mishra.. Claro Energy has raised $3.58 million across 6 funding rounds from investors including RBL Bank, SIDBI Venture Capital and Powering Agriculture. Claro Energy operates in a competitive market with competitors including Ecozen Solutions, SunCulture, Futurepump, Spowdi and Sencera, among others.
- Headquarter Delhi, India
- Founders Gaurav Kumar, Soumitra Mishra
- Stage Minicorn
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Claro Energy Private Limited
- Date of Incorporation 15 Jan, 2011
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$4.19 M (USD)97.68as on Mar 31, 2023
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Net Profit
$1.2 M (USD)194.96as on Mar 31, 2023
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EBITDA
$-1.03 M (USD)8.8as on Mar 31, 2023
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Total Equity Funding
$3.58 M (USD)
in 6 rounds
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Latest Funding Round
$2.21 M (USD), Series A
Sep 20, 2024
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Investors
RBL Bank
& 52 more
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Employee Count
Employee Count
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Funding Insights of Claro Energy
Claro Energy has successfully raised a total of $3.58M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $2.21 million completed in September 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 — $2.2M
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First Round
First Round
(22 Oct 2013)
- Investors Count 53
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - Claro Energy | Valuation |
investors |
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| Jan, 2018 | Amount | Series A - Claro Energy | Valuation | SIDBI Venture Capital |
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| Sep, 2015 | Amount | Grant - Claro Energy | Valuation |
investors |
| 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 Claro Energy
Claro Energy has secured backing from 53 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include RBL Bank, SIDBI Venture Capital and Powering Agriculture. 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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Venture capital management for SMEs and startups in India.
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Founded Year | Domain | Location | |
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Government-backed organization focused on advancing the agriculture sector.
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Founded Year | Domain | Location | |
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Commercial banking services for personal and business needs are provided.
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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 Claro Energy
| 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 - Claro Energy
| 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 |
Claro Energy Comparisons
Competitors of Claro Energy
Claro Energy 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 Ecozen Solutions, SunCulture, Futurepump, Spowdi and Sencera, 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 |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture
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| domain | founded_year | HQ Location |
Solar-powered irrigation systems are provided to smallholder farmers.
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| domain | founded_year | HQ Location |
Designs, develop, and manufacture solar powered irrigation pumps
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| domain | founded_year | HQ Location |
Developer of solar powered water pump systems
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| domain | founded_year | HQ Location |
Heat-to-electricity devices and Stirling engines are developed for energy generation.
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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 Claro Energy
Frequently Asked Questions about Claro Energy
When was Claro Energy founded?
Claro Energy was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Claro Energy located?
Claro Energy is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Claro Energy?
Soumitra Mishra is the current CEO of Claro Energy. They have also founded this company.
Is Claro Energy a funded company?
Claro Energy is a funded company, having raised a total of $3.58M across 6 funding rounds to date. The company's 1st funding round was a Grant of $500K, raised on Oct 22, 2013.
What is the annual revenue of Claro Energy?
Annual revenue of Claro Energy is $4.19M as on Mar 31, 2023.
What does Claro Energy do?
Claro Energy was founded in 2011 in Delhi, India, and operates within the solar energy sector. Solar pumps have been installed across various states for drinking water, irrigation, purification, and aquaculture uses. Annual growth of 500 has been recorded, with pay-per-use models planned for Bihar and Uttar Pradesh. The Skoch Achiever Award was received in 2014 for contributions as an SME.
Who are the top competitors of Claro Energy?
Claro Energy's top competitors include Ecozen Solutions, SunCulture and Agros.
Who are Claro Energy's investors?
Claro Energy has 53 investors. Key investors include RBL Bank, SIDBI Venture Capital, Powering Agriculture, Abhishek Jain, and Sushil Page.
What is Claro Energy's valuation?
The valuation of Claro Energy is $10.23M as of Jan 2018.