About Everrenew
Everrenew is a company based in Chennai (India) founded in 2019.. Everrenew has raised $3 million across 1 funding round from investors including RY Investments. The company has 417 employees as of September 30, 2023. Everrenew operates in a competitive market with competitors including Rays Power Infra, Amplus Solar, Fourth Partner Energy, SB Energy and Oriano Solar, among others.
- Headquarter Chennai, India
- Employees 417 as on 30 Sep, 2023
- 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Series A
Dec 30, 2022
- Investors
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Employee Count
417
as on Sep 30, 2023
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Funding Insights of Everrenew
Everrenew has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Series A round of $3 million completed in December 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $3.0M
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First Round
First Round
(30 Dec 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Everrenew | Valuation | RY Investments |
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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 Everrenew
Everrenew has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include RY Investments. 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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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 Everrenew
| 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 - Everrenew
| 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 |
Everrenew Comparisons
Competitors of Everrenew
Everrenew 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 Everrenew
Frequently Asked Questions about Everrenew
When was Everrenew founded?
Everrenew was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Everrenew located?
Everrenew is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Everrenew?
Pankaj Tandon is the current CEO of Everrenew.
Is Everrenew a funded company?
Everrenew is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Series A of $3M, raised on Dec 30, 2022.
How many employees does Everrenew have?
As of Sep 30, 2023, the latest employee count at Everrenew is 417.
What does Everrenew do?
Everrenew is a renewable energy company that offers affordable and reliable wind power and solar power investment solutions. It is a subsidiary of the NTC Group, one of the worlds largest wind and solar energy logistics companies. Everrenew provides project management solutions for wind, solar, and hybrid projects, as well as asset management services.
Who are the top competitors of Everrenew?
Everrenew's top competitors include Rays Power Infra, Fourth Partner Energy and Oriano Solar.
Who are Everrenew's investors?
Everrenew has 1 investor. Key investors include RY Investments.
What is Everrenew's valuation?
The valuation of Everrenew is $20.56M as of Dec 2022.