About Ecofy
Ecofy is a company based in Mumbai (India) founded in 2022 by Rajashree Nambiar and Govind Sankaranarayanan.. Ecofy has raised $10.82 million across 2 funding rounds from investors including FMO and IFU. The company has 116 employees as of March 28, 2024. Ecofy has completed 1 acquisition, including Autovert. Ecofy operates in a competitive market with competitors including Two Point O Capital, Saurja, Lytyfy, Amplify Energy Innovations and Digiup, among others.
- Headquarter Mumbai, India
- Employees 116 as on 28 Mar, 2024
- Founders Rajashree Nambiar, Govind Sankaranarayanan
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Sectors
Financial ServicesEnergy & Utilities
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Email
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Phone
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Website
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- Legal Name Ecofy Finance Private Limited
- Date of Incorporation 17 Mar, 2022
- Jurisdiction Mumbai, Maharashtra, India
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Funding Insights of Ecofy
Ecofy has successfully raised a total of $10.82M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $12.5 million completed in March 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 2
- Last Round Debt – Conventional — $12.5M
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First Round
First Round
(12 Jan 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2025 | Amount | Debt – Conventional - Ecofy | Valuation |
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| Jan, 2024 | Amount | Series A - Ecofy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Ecofy
Ecofy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include FMO and IFU. 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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Private equity investment firm
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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 Ecofy
Ecofy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Autovert. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for electric vehicles financing
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ecofy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Ecofy Comparisons
Competitors of Ecofy
Ecofy 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 Two Point O Capital, Saurja, Lytyfy, Amplify Energy Innovations and Digiup, 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 |
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| domain | founded_year | HQ Location |
Financing solutions for energy transition and sustainable growth are provided.
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| domain | founded_year | HQ Location |
Operational infrastructure solutions for solar energy projects are provided.
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| domain | founded_year | HQ Location |
Facilitates a peer-to-peer social crowdfunding platform for community-driven funding.
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| domain | founded_year | HQ Location |
Operates a solar energy marketplace connecting customers, financers, and manufacturers.
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| domain | founded_year | HQ Location |
Offers digital, technology, and finance solutions to tackle sustainability challenges effectively.
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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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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 Ecofy
Frequently Asked Questions about Ecofy
When was Ecofy founded?
Ecofy was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Ecofy located?
Ecofy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Ecofy?
Rajashree Nambiar is the current CEO of Ecofy. They have also founded this company.
Is Ecofy a funded company?
Ecofy is a funded company, having raised a total of $10.82M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10.82M, raised on Jan 12, 2024.
How many employees does Ecofy have?
As of Mar 28, 2024, the latest employee count at Ecofy is 116.
What does Ecofy do?
Financial solutions for the electric vehicle, solar, and SME sectors. It offers funding for the full life-cycle of electric two- and three-wheelers. It provides financial products for rooftop solar installations. It offers solutions for purchasing electric scooters and bikes, featuring flexible EMIs, customizable loan tenures, digital application processes, and value-added services such as annual maintenance contracts and asset buyback options.
Who are the top competitors of Ecofy?
Ecofy's top competitors include Two Point O Capital, Lytyfy and Saurja.
How many acquisitions has Ecofy made?
Ecofy has made 1 acquisition, including Autovert.
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