About Play Solar
Play Solar is a company based in Bengaluru (India) founded in 2014.. Play Solar has raised $94.52 thousand across 1 funding round from investors including Rajagopal Grandhi, Tricha Anjali and Viswanath Balasubramanian. The company has 2 employees as of April 05, 2024. Play Solar offers products and services including Grid-Tied System, Off-Grid System, Hybrids System, Solar Pumps, and CloudSol. Play Solar operates in a competitive market with competitors including Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar, among others.
- Headquarter Bengaluru, India
- Employees 2 as on 05 Apr, 2024
- 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 Playsolar Systems Private Limited
- Date of Incorporation 08 May, 2015
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$372.38 K (USD)523.44as on Mar 31, 2023
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Net Profit
$48 K (USD)243.44as on Mar 31, 2023
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EBITDA
$70.43 K (USD)755.57as on Mar 31, 2023
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Total Equity Funding
$94.52 K (USD)
in 1 rounds
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Latest Funding Round
$94.52 K (USD), Angel Round
Feb 05, 2016
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Investors
& 4 more
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Employee Count
2
as on Apr 05, 2024
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Products & Services of Play Solar
Play Solar offers a comprehensive portfolio of products and services, including Grid-Tied System, Off-Grid System, Hybrids System, Solar Pumps, and CloudSol. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers grid-connected solar solutions for energy generation.
Provides standalone solar setups for remote locations.
Combines solar with other sources for reliable energy supply.
Offers solar-powered pumps for irrigation and water needs.
Enables remote tracking of solar system performance data.
Funding Insights of Play Solar
Play Solar has successfully raised a total of $94.52K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $94.52 thousand completed in February 2016. 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 Angel Round — $94,515
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First Round
First Round
(05 Feb 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2016 | Amount | Angel Round - Play Solar | Valuation | Rajagopal Grandhi |
| 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 Play Solar
Play Solar has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Rajagopal Grandhi, Tricha Anjali and Viswanath Balasubramanian. 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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RG
Rajagopal Grandhi |
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Founded Year | Domain | Location |
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TA
Tricha Anjali |
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Founded Year | Domain | Location |
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VB
Viswanath Balasubramanian |
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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 Play Solar
| 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 - Play Solar
| 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 |
Play Solar Comparisons
Competitors of Play Solar
Play Solar 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 Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR 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 |
Solar glass is manufactured by Borosil Renewables for photovoltaic applications.
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| domain | founded_year | HQ Location |
Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs
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| domain | founded_year | HQ Location |
Offers solar consumer goods
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| domain | founded_year | HQ Location |
Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries
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| domain | founded_year | HQ Location |
Manufactures solar panels, batteries, and modules for renewable energy solutions in India.
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| domain | founded_year | HQ Location |
Manufactures solar modules and power plants with high-efficiency technology in India.
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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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Frequently Asked Questions about Play Solar
When was Play Solar founded?
Play Solar was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Play Solar located?
Play Solar is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Play Solar a funded company?
Play Solar is a funded company, having raised a total of $94.52K across 1 funding round to date. The company's 1st funding round was a Angel Round of $94.52K, raised on Feb 05, 2016.
How many employees does Play Solar have?
As of Apr 05, 2024, the latest employee count at Play Solar is 2.
What is the annual revenue of Play Solar?
Annual revenue of Play Solar is $372.38K as on Mar 31, 2023.
What does Play Solar do?
Play Solar was founded in 2014 in Bengaluru, India, focusing on the renewable energy sector. Hardware solutions for retrofitting existing appliances are produced, enabling solar integration. Key offerings include HomeSol for app-based control of solar-powered home devices, AtmoSol to operate air conditioners using solar energy, RetroSol to upgrade inverters for extended backup, and Aquasol for solar-driven water pumping systems. Operations center on sustainable energy hardware and monitoring tools.
Who are the top competitors of Play Solar?
Play Solar's top competitors include Servoteh, Borosil Renewables and SuKam Solar.
What products or services does Play Solar offer?
Play Solar offers Grid-Tied System, Off-Grid System, Hybrids System, Solar Pumps, and CloudSol.
Who are Play Solar's investors?
Play Solar has 5 investors. Key investors include Rajagopal Grandhi, Tricha Anjali, Viswanath Balasubramanian, Priya Seshadri, and Narasimhan Gopalachari.
What is Play Solar's valuation?
The valuation of Play Solar is $3.43M as of Feb 2016.