About First Energy
First Energy is a company based in Pune (India) founded in 2005 by Mukund Deogaonkar and Raymond Moses was acquired by Thermax in December 2020. First Energy has raised $4.65 million across 2 funding rounds from investors including Thermax, Alchemists Ark and Puja Kshatriya. The company has 62 employees as of April 08, 2024.
- Headquarter Pune, India
- Employees 62 as on 08 Apr, 2024
- Founders Mukund Deogaonkar, Raymond Moses
- 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 First Energy Private Limited
- Date of Incorporation 05 Nov, 2008
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$2.32 M (USD)0as on Mar 31, 2023
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Net Profit
-$2.51 M (USD)0as on Mar 31, 2023
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EBITDA
-$2 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$4.65 M (USD)
in 2 rounds
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Latest Funding Round
$3.15 M (USD), Series A
Jul 15, 2015
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Investors
Thermax
& 8 more
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Employee Count
62
as on Apr 08, 2024
- Acquired by
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Funding Insights of First Energy
First Energy has successfully raised a total of $4.65M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.15 million completed in July 2015. 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 Series A — $3.2M
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First Round
First Round
(31 Jan 2011)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Series A - First Energy | Valuation | Thermax |
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| Jan, 2011 | Amount | Seed - First Energy | Valuation | Puja Kshatriya , Naveen Kumar Kshatriya |
Investors in First Energy
First Energy has secured backing from 9 investors, including institutional and angel investors. Prominent investors backing the company include Thermax, Alchemists Ark and Puja Kshatriya.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Energy and environmental solutions are provided for industrial sectors.
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Founded Year | Domain | Location | |
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Offers sales consulting, custom training, eLearning, and strategy services for businesses worldwide.
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Founded Year | Domain | Location | |
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PK
Puja Kshatriya |
Angel investor and entrepreneur, co-founder of The Moms Co., focused on consumer brands.
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Founded Year | Domain | Location |
Investments & Acquisitions by First Energy
Financial Statements - First Energy
First Energy Comparisons
Competitors of First Energy
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Frequently Asked Questions about First Energy
First Energy was founded in 2005 and raised its 1st funding round 6 years after it was founded.
First Energy is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
First Energy is a funded company, having raised a total of $4.65M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jan 31, 2011.
As of Apr 08, 2024, the latest employee count at First Energy is 62.
Annual revenue of First Energy is $2.32M as on Mar 31, 2023.
First Energy was founded in 2005 in Pune, India, originally as BP Energy India. Acquisition by The Alchemist Ark occurred in 2009. The company is engaged in the production of biomass-fueled stoves, which are distributed under the Oorja brand. Focus is placed on energy-efficient solutions within the renewable energy sector, with operations centered in India.
First Energy has 9 investors. Key investors include Thermax, Alchemists Ark, Puja Kshatriya, Gautam Kshatriya, and Sidharth Kshatriya.
The valuation of First Energy is $9M as of Jul 2015.