About edgegrid
edgegrid is a company based in Hyderabad (India) founded in 2020 by Vamsi TP, Lakshmi Prasad Yerneni, Neeraj Sansanwal, Venkata Sunil Kumar Talla, Mushtaq Ahmed, and Prasad Yerneni. edgegrid has raised $6 million across 1 funding round from investors including Lightrock, Theia Ventures and Valiant Investment and Traders. The company has 44 employees as of April 03, 2024. edgegrid operates in a competitive market with competitors including Enmacc, Fendahl, Exnaton, Open Energy Market and Skystream Markets, among others.
- Headquarter Hyderabad, India
- Employees 44 as on 03 Apr, 2024
- Founders Vamsi TP, Lakshmi Prasad Yerneni, Neeraj Sansanwal, Venkata Sunil Kumar Talla, Mushtaq Ahmed, Prasad Yerneni
- 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
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- Legal Name Grid Edgewrks Private Limited
- Date of Incorporation 14 Nov, 2019
- Jurisdiction Gandipeta, Telangana, India
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Annual Revenue
$4.24 K (USD)0as on Mar 31, 2022
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Net Profit
-$48.72 K (USD)-1836.25as on Mar 31, 2022
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EBITDA
-$43.81 K (USD)-1768as on Mar 31, 2022
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Seed
Mar 19, 2022
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Investors
Lightrock
& 2 more
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Employee Count
44
as on Apr 03, 2024
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People of edgegrid
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Funding Insights of edgegrid
edgegrid has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Seed round of $6 million completed in March 2022. 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.
Investors in edgegrid
edgegrid has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Lightrock, Theia Ventures and Valiant Investment and Traders.
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Theia Ventures is focused on investing in decarbonization technology companies.
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Investments are directed toward growth-stage companies generating scalable impact.
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Investment and trading operations are managed in Mumbai, India.
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Investor details for edgegrid
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Investments & Acquisitions by edgegrid
Investment portfolio details for edgegrid
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Financial Statements - edgegrid
Detailed financials for edgegrid
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Edgegrid Comparisons
Peer comparison for edgegrid
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Competitors of edgegrid
edgegrid 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 Enmacc, Fendahl, Exnaton, Open Energy Market and Skystream Markets, among others.
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OTC energy trading platform for investors
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Offers CTRM software solutions for global commodity trading organizations.
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AI SaaS platform for energy providers managing dynamic tariffs and EV charging.
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Energy buying platform
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Online energy commodity exchange solutions are provided to market participants.
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Detailed competitors of edgegrid
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Latest news on Edgegrid
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Frequently Asked Questions about edgegrid
edgegrid was founded in 2020 and raised its 1st funding round 2 years after it was founded.
edgegrid is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Venkata Sunil Kumar Talla is the current CEO of edgegrid. They have also founded this company.
edgegrid is a funded company, having raised a total of $6M across 1 funding round to date.
As of Apr 03, 2024, the latest employee count at edgegrid is 44.
Annual revenue of edgegrid is $4.24K as on Mar 31, 2022.
Edgegrid was founded in 2020 in Hyderabad, India, within the energy sector. An app-based platform is operated to link power sellers with individuals, businesses, and distribution companies. Solar power transactions are enabled among community members, while budgets can be established for price alerts. Hidden charges and bill irregularities are detected through the system. The application is accessible on Android devices.
edgegrid's top competitors include Enmacc, Open Energy Market and Jasmine.
edgegrid has 3 investors. Key investors include Lightrock, Theia Ventures, and Valiant Investment and Traders.
The valuation of edgegrid is $16.71M as of Mar 2022.