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
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name First Energy Private Limited
- Date of Incorporation 05 Nov, 2008
- Jurisdiction Pune, Maharashtra, India
-
Annual Revenue
$2.32 M (USD)0as on Mar 31, 2023
-
Net Profit
$-2.51 M (USD)0as on Mar 31, 2023
-
EBITDA
$-2 M (USD)0as on Mar 31, 2023
-
Total Equity Funding
$4.65 M (USD)
in 2 rounds
-
Latest Funding Round
$3.15 M (USD), Series A
Jul 15, 2015
-
Investors
Thermax
& 8 more
-
Employee Count
62
as on Apr 08, 2024
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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
-
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 |
|
| Jan, 2011 | Amount | Seed - First Energy | Valuation | Puja Kshatriya , Naveen Kumar Kshatriya |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Energy and environmental solutions are provided for industrial sectors.
|
Founded Year | Domain | Location | |
|
Offers sales consulting, custom training, eLearning, and strategy services for businesses worldwide.
|
Founded Year | Domain | Location | |
|
PK
Puja Kshatriya |
Angel investor and entrepreneur, co-founder of The Moms Co., focused on consumer brands.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by First Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - First Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
First Energy Comparisons
Competitors of First Energy
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about First Energy
When was First Energy founded?
First Energy was founded in 2005 and raised its 1st funding round 6 years after it was founded.
Where is First Energy located?
First Energy is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is First Energy a funded company?
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.
How many employees does First Energy have?
As of Apr 08, 2024, the latest employee count at First Energy is 62.
What is the annual revenue of First Energy?
Annual revenue of First Energy is $2.32M as on Mar 31, 2023.
What does First Energy do?
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.
Who are First Energy's investors?
First Energy has 9 investors. Key investors include Thermax, Alchemists Ark, Puja Kshatriya, Gautam Kshatriya, and Sidharth Kshatriya.
What is First Energy's valuation?
The valuation of First Energy is $9M as of Jul 2015.