About CleanMax
CleanMax is a company based in Mumbai (India) founded in 2011 by Kuldeep Jain and Sushant Arora was acquired by Brookfield Asset Management in June 2023.. CleanMax has raised $442.67 million across 27 funding rounds from investors including Bessemer Venture Partners, International Finance Corporation and Warburg Pincus. The company has 365 employees as of March 17, 2025.
- Headquarter Mumbai, India
- Employees 365 as on 17 Mar, 2025
- Founders Kuldeep Jain, Sushant Arora
- Stage Minicorn
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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
*********
- Legal Name Clean Max Enviro Energy Solutions Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$166.51 M (USD)48.32as on Mar 31, 2024
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Net Profit
$-4.4 M (USD)36.71as on Mar 31, 2024
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EBITDA
$82.49 M (USD)88.53as on Mar 31, 2024
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Total Equity Funding
$442.67 M (USD)
in 27 rounds
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Latest Funding Round
$1.69 M (USD), Series F
Apr 29, 2025
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Investors
Bessemer Venture Partners
& 31 more
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Employee Count
365
as on Mar 17, 2025
- Acquired by
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Funding Insights of CleanMax
CleanMax has successfully raised a total of $442.67M across 27 strategic funding rounds. The most recent funding activity was a Series F round of $1.69 million completed in April 2025. 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 27
- Last Round Series F — $1.7M
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First Round
First Round
(19 May 2011)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series F - CleanMax | Valuation | Maroc Numeric Fund | |
| Jun, 2024 | Amount | Series F - CleanMax | Valuation | Brookfield Asset Management |
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| Feb, 2024 | Amount | Series F - CleanMax | Valuation | Brookfield Asset Management |
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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 CleanMax
CleanMax has secured backing from 32 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, International Finance Corporation and Warburg Pincus. 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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Seed-stage tech startups in Morocco are funded by micro-VC firm.
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Founded Year | Domain | Location | |
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Private equity investments are managed across diverse sectors in Morocco.
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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 |
| 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 CleanMax
| 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 - CleanMax
| 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 |
Cleanmax Comparisons
Competitors of CleanMax
| 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 Cleanmax
Frequently Asked Questions about CleanMax
When was CleanMax founded?
CleanMax was founded in 2011.
Where is CleanMax located?
CleanMax is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of CleanMax?
Sushant Arora is the current CEO of CleanMax. They have also founded this company.
Is CleanMax a funded company?
CleanMax is a funded company, having raised a total of $442.67M across 27 funding rounds to date. The company's 1st funding round was a Series F of $12.07M, raised on May 19, 2011.
How many employees does CleanMax have?
As of Mar 17, 2025, the latest employee count at CleanMax is 365.
What is the annual revenue of CleanMax?
Annual revenue of CleanMax is $166.51M as on Mar 31, 2024.
What does CleanMax do?
CleanMax was founded in 2011 and is headquartered in Mumbai, India. Renewable energy solutions are provided primarily to commercial and industrial sectors, including data centers, textiles, automotive, chemicals, pharmaceuticals, and FMCG industries. Services encompass on-site rooftop solar installations, off-site solar power, wind and wind-solar hybrid farms, energy storage, renewable energy certificates, carbon projects, turnkey development, and customized sustainability options.
Who are CleanMax's investors?
CleanMax has 32 investors. Key investors include Bessemer Venture Partners, International Finance Corporation, Warburg Pincus, Bpifrance, and UltraTech Cement.
What is CleanMax's valuation?
The valuation of CleanMax is $520.66M as of Jun 2024.
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