About ReNew
ReNew is a company based in Gurugram (India) founded in 2011 by Vaishali Nigam Sinha, Kailash Vaswani, Sumant Sinha, and Kevin Nazemi.. ReNew has raised $2.04 billion across 27 funding rounds from investors including Yes Bank, Goldman Sachs and HSBC. The company has 4,340 employees as of March 31, 2024. ReNew has completed 1 acquisition, including Climate Connect Digital. ReNew operates in a competitive market with competitors including Octopus Energy, NextEra Energy, Duke Energy, Cypress Creek Renewables and EDP Renewables, among others.
- Headquarter Gurugram, India
- Employees 4340 as on 31 Mar, 2024
- Founders Vaishali Nigam Sinha, Kailash Vaswani, Sumant Sinha, Kevin Nazemi
- Stage Public
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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 Renew Energy Global Plc
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Annual Revenue
$1.15 B16.88as on Mar 31, 2024
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Net Profit
$45.11 M9.72as on Mar 31, 2024
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EBITDA
$843.1 M15.43as on Mar 31, 2024
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Total Equity Funding
$2.04 B (USD)
in 27 rounds
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Latest Funding Round
$103.3 M (USD), Post-IPO
May 06, 2025
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Investors
Yes Bank
& 21 more
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Employee Count
4340
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of ReNew
ReNew is a publicly listed company on the NASDAQ with ticker symbol RNW in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of ReNew
ReNew has successfully raised a total of $2.04B across 27 strategic funding rounds. The most recent funding activity was a Post-IPO round of $103.3 million completed in May 2025. 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 27
- Last Round Post-IPO — $103.3M
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First Round
First Round
(22 Sep 2011)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Post-IPO - ReNew | Valuation |
investors |
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| Jan, 2024 | Amount | Debt – Conventional - ReNew | Valuation |
investors |
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| Aug, 2021 | Amount | Private Equity Round - ReNew | Valuation | Renew Energy Global |
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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 ReNew
ReNew has secured backing from 22 investors, including venture fund and institutional investors. Prominent investors backing the company include Yes Bank, Goldman Sachs and HSBC. 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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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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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 ReNew
ReNew has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Climate Connect Digital. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Software suite for weather forecasting and energy management is provided.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ReNew
| 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 |
Renew Comparisons
Competitors of ReNew
ReNew 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 Octopus Energy, NextEra Energy, Duke Energy, Cypress Creek Renewables and EDP Renewables, 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 |
Utility bill management platform is provided for tracking and billing.
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| domain | founded_year | HQ Location |
Developer of energy solutions
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| domain | founded_year | HQ Location |
Renewable electricity is produced and distributed across multiple states.
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| domain | founded_year | HQ Location |
Solar farms are owned, developed, and financed in the USA.
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| domain | founded_year | HQ Location |
Generation of wind power
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| domain | founded_year | HQ Location |
Provider of electricity and natural gas through solar energy
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Renew
Frequently Asked Questions about ReNew
When was ReNew founded?
ReNew was founded in 2011.
Where is ReNew located?
ReNew is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of ReNew?
Sumant Sinha is the current CEO of ReNew. They have also founded this company.
Is ReNew a funded company?
ReNew is a funded company, having raised a total of $2.04B across 27 funding rounds to date. The company's 1st funding round was a Private Equity Round of $404.33M, raised on Sep 22, 2011.
How many employees does ReNew have?
As of Mar 31, 2024, the latest employee count at ReNew is 4,340.
What is the annual revenue of ReNew?
Annual revenue of ReNew is $1.15B as on Mar 31, 2024.
What does ReNew do?
ReNew was founded in 2011 and is headquartered in Gurugram, India, within the renewable energy sector. Utility-scale wind, solar, and hydropower projects are developed and operated across various regions. Net-zero solutions for corporates are offered, encompassing power purchase agreements, green credits, energy management services, storage options, and green hydrogen initiatives. Solar photovoltaic products are manufactured, and transmission infrastructure is supplied to support energy transitions.
Who are the top competitors of ReNew?
ReNew's top competitors include Octopus Energy, NextEra Energy and EDP Renewables.
Is ReNew publicly traded?
Yes, ReNew is publicly traded on NASDAQ under the ticker symbol RNW.
How many acquisitions has ReNew made?
ReNew has made 1 acquisition, including Climate Connect Digital.
Who are ReNew's investors?
ReNew has 22 investors. Key investors include Yes Bank, Goldman Sachs, HSBC, State Bank of India, and Standard Chartered.
What is ReNew's ticker symbol?
The ticker symbol of ReNew is RNW on NASDAQ.
What is ReNew's valuation?
The valuation of ReNew is $4.24B as of Aug 2021.
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