About Greenway Appliances
Greenway Appliances is a company based in Mumbai (India) founded in 2010 by Neha Juneja.. Greenway Appliances has raised $2.57 million across 2 funding rounds from investors including Acumen, Vikram Gandhi and Pramod Bhasin. The company has 142 employees as of April 07, 2024. Greenway Appliances operates in a competitive market with competitors including Boond, Lokozo, Hygrid Solar, Pegasus Semiconductor and Fevino Industries, among others.
- Headquarter Mumbai, India
- Employees 142 as on 07 Apr, 2024
- Founders Neha Juneja
- 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 Greenway Grameen Infra Private Limited
- Date of Incorporation 02 Dec, 2010
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$11.01 M (USD)87.55as on Mar 31, 2023
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Net Profit
$1.34 M (USD)316.22as on Mar 31, 2023
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EBITDA
$2.08 M (USD)276.41as on Mar 31, 2023
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Total Equity Funding
$2.57 M (USD)
in 2 rounds
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Latest Funding Round
$2.5 M (USD), Series A
Dec 29, 2015
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Investors
Acumen
& 4 more
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Employee Count
142
as on Apr 07, 2024
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Funding Insights of Greenway Appliances
Greenway Appliances has successfully raised a total of $2.57M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.5 million completed in December 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 — $2.5M
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First Round
First Round
(19 Oct 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Series A - Greenway Appliances | Valuation | Acumen | |
| Oct, 2013 | Amount | Seed - Greenway Appliances | Valuation | CIIE , Sunder Hemrajani |
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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 Greenway Appliances
Greenway Appliances has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Acumen, Vikram Gandhi and Pramod Bhasin. 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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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Startup incubator
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Founded Year | Domain | Location | |
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VG
Vikram Gandhi |
Founder of VSG Capital, veteran banker, active angel investor in Indian startups
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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 Greenway Appliances
| 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 - Greenway Appliances
| 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 |
Greenway Appliances Comparisons
Competitors of Greenway Appliances
Greenway Appliances 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 Boond, Lokozo, Hygrid Solar, Pegasus Semiconductor and Fevino Industries, 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 |
Solar products are supplied to rural poor in Indian villages.
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| domain | founded_year | HQ Location |
LED lighting, solar products, and waste management systems are manufactured.
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| domain | founded_year | HQ Location |
Distributor and installer of solar products, panels, and systems for energy solutions.
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| domain | founded_year | HQ Location |
Energy-efficient LED and solar lighting solutions are developed.
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| domain | founded_year | HQ Location |
Manufactures solar street lights and AC lighting for urban and industrial needs.
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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 Greenway Appliances
Frequently Asked Questions about Greenway Appliances
When was Greenway Appliances founded?
Greenway Appliances was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Greenway Appliances located?
Greenway Appliances is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Greenway Appliances?
Neha Juneja is the current CEO of Greenway Appliances. They have also founded this company.
Is Greenway Appliances a funded company?
Greenway Appliances is a funded company, having raised a total of $2.57M across 2 funding rounds to date. The company's 1st funding round was a Seed of $65.68K, raised on Oct 19, 2013.
How many employees does Greenway Appliances have?
As of Apr 07, 2024, the latest employee count at Greenway Appliances is 142.
What is the annual revenue of Greenway Appliances?
Annual revenue of Greenway Appliances is $11.01M as on Mar 31, 2023.
What does Greenway Appliances do?
Greenway Grameen aims to create BoP products for rural consumers that are low cost as well as pro-health and productivity and environmentally friendly. The companys flagship product the Greenway Smart Stove forms an ideal replacement for traditional mud stoves used by over 3 billion people worldwide, delivering 65 fuel savings and 70 smoke reduction. In May 2014, the organization was awarded the International Ashden Award. The company is a part of UnLtd India. Raises 2.5M from Acumen, Vikram Gandhi and Pramod Bhasin in Feb 2016.
Who are the top competitors of Greenway Appliances?
Greenway Appliances's top competitors include Boond, Lokozo and Pegasus Semiconductor.
Who are Greenway Appliances's investors?
What is Greenway Appliances's valuation?
The valuation of Greenway Appliances is $11.17M as of Dec 2015.