About Promptec Renewable Energy Solutions
Promptec Renewable Energy Solutions is a company based in Bengaluru (India) founded in 1998 by Veera Joshy and Joshy Poulose Panamkoodan was acquired by Havells in April 2015.. Promptec Renewable Energy Solutions has raised $710.77 thousand across 1 funding round from investors including Havells, Blume Ventures and Cyprian Dsouza. The company has 8 employees as of April 04, 2024.
- Headquarter Bengaluru, India
- Employees 8 as on 04 Apr, 2024
- Founders Veera Joshy, Joshy Poulose Panamkoodan
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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
*********
- Legal Name Promptec Renewable Energy Solutions Private Limited
- Date of Incorporation 04 Sep, 2008
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$7.99 M (USD)-34.95as on Mar 31, 2018
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Net Profit
$-646.48 K (USD)-235.04as on Mar 31, 2018
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EBITDA
$-167.03 K (USD)-48.03as on Mar 31, 2018
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Total Equity Funding
$710.77 K (USD)
in 1 rounds
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Latest Funding Round
$710.77 K (USD), Unspecified
Nov 01, 2011
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Investors
Havells
& 2 more
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Employee Count
8
as on Apr 04, 2024
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Acquired by
Havells
(Apr 20, 2015)
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Funding Insights of Promptec Renewable Energy Solutions
Promptec Renewable Energy Solutions has successfully raised a total of $710.77K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $710.77 thousand completed in November 2011. 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 Unspecified — $710,773
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First Round
First Round
(01 Nov 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2011 | Amount | Unspecified - Promptec Renewable Energy Solutions | Valuation | Cyprian Dsouza |
| 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 Promptec Renewable Energy Solutions
Promptec Renewable Energy Solutions has secured backing from 3 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Havells, Blume Ventures and Cyprian Dsouza. 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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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Electrical equipment for domestic and industrial applications is manufactured.
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Founded Year | Domain | Location | |
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CD
Cyprian Dsouza |
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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 Promptec Renewable Energy Solutions
| 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 - Promptec Renewable Energy Solutions
| 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 |
Promptec Renewable Energy Solutions Comparisons
Competitors of Promptec Renewable Energy Solutions
| 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 Promptec Renewable Energy Solutions
Frequently Asked Questions about Promptec Renewable Energy Solutions
When was Promptec Renewable Energy Solutions founded?
Promptec Renewable Energy Solutions was founded in 1998 and raised its 1st funding round 13 years after it was founded.
Where is Promptec Renewable Energy Solutions located?
Promptec Renewable Energy Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Promptec Renewable Energy Solutions a funded company?
Promptec Renewable Energy Solutions is a funded company, having raised a total of $710.77K across 1 funding round to date. The company's 1st funding round was a Unspecified of $710.77K, raised on Nov 01, 2011.
How many employees does Promptec Renewable Energy Solutions have?
As of Apr 04, 2024, the latest employee count at Promptec Renewable Energy Solutions is 8.
What is the annual revenue of Promptec Renewable Energy Solutions?
Annual revenue of Promptec Renewable Energy Solutions is $7.99M as on Mar 31, 2018.
What does Promptec Renewable Energy Solutions do?
Promptec Renewable Energy Solutions was founded in 1998 in Bengaluru, India. LED lighting products are manufactured by the company, focusing on energy-efficient solutions within the renewable energy sector. Operations are centered in Bengaluru, where design, production, and distribution activities are conducted. Co-founders Veera Joshy and Joshy Poulose Panamkoodan oversee key aspects of the business. The domain promptec.in is utilized for online presence and information dissemination.
Who are Promptec Renewable Energy Solutions's investors?
Promptec Renewable Energy Solutions has 3 investors. Key investors include Havells, Blume Ventures, and Cyprian Dsouza.