About GREW
GREW is a company based in Ahmedabad (India) founded in 2022.. GREW has raised $4.22 million across 2 funding rounds from investors including Vishal Fabrics, Chiripal Group and NOVA Dynamic Media. GREW operates in a competitive market with competitors including Fourth Partner Energy, First Solar, Sterling And Wilson, Mahindra Susten and Roofsol Energy, among others.
- Headquarter Ahmedabad, India
- Stage Minicorn
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Grew Energy Private Limited
- Date of Incorporation 25 Feb, 2022
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$23.68 M (USD)9009693.07as on Mar 31, 2024
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Net Profit
$10.72 K (USD)105.59as on Mar 31, 2024
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EBITDA
$2.44 M (USD)1056.26as on Mar 31, 2024
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Total Equity Funding
$4.22 M (USD)
in 2 rounds
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Latest Funding Round
$3.46 M (USD), Series A
Apr 07, 2023
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Investors
Vishal Fabrics
& 3 more
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Employee Count
Employee Count
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Funding Insights of GREW
GREW has successfully raised a total of $4.22M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.46 million completed in April 2023. 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 — $3.5M
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First Round
First Round
(23 Jan 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - GREW | Valuation | Chiripal Group | |
| Jan, 2023 | Amount | Seed - GREW | Valuation | Vishal Fabrics , Dholispintex |
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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 GREW
GREW has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Vishal Fabrics, Chiripal Group and NOVA Dynamic Media. 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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Multiple industries are operated by the diversified Chiripal Group.
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Founded Year | Domain | Location | |
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Limited information is provided about NOVA Dynamic Media.
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Founded Year | Domain | Location | |
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Denim fabrics are manufactured under contract in India.
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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 GREW
| 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 - GREW
| 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 |
Grew Comparisons
Competitors of GREW
GREW 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 Fourth Partner Energy, First Solar, Sterling And Wilson, Mahindra Susten and Roofsol Energy, 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.
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Provides solar plant installations, providing engineering, procurement, and construction services
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Grew
Frequently Asked Questions about GREW
When was GREW founded?
GREW was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is GREW located?
GREW is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of GREW?
Vinay Thadani is the current CEO of GREW.
Is GREW a funded company?
GREW is a funded company, having raised a total of $4.22M across 2 funding rounds to date. The company's 1st funding round was a Seed of $753.19K, raised on Jan 23, 2023.
What is the annual revenue of GREW?
Annual revenue of GREW is $23.68M as on Mar 31, 2024.
What does GREW do?
GREW was founded in 2022 and is based in Ahmedabad, India. Solar energy solutions are offered by the company, including rooftop and ground-mounted installations for homes and businesses. Cutting-edge technology is utilized in these services, which cover a full spectrum from products to complete setups. Operations focus on the renewable energy sector within the Indian market.
Who are the top competitors of GREW?
GREW's top competitors include Fourth Partner Energy, First Solar and Sukhbir Agro Energy.
Who are GREW's investors?
GREW has 4 investors. Key investors include Vishal Fabrics, Chiripal Group, NOVA Dynamic Media, and Dholispintex.
What is GREW's valuation?
The valuation of GREW is $11.27M as of Apr 2023.
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