About Simpa Networks
Simpa Networks is a company based in Bengaluru (India) founded in 2010 was acquired by Engie in November 2018.. Simpa Networks has raised $21.67 million across 13 funding rounds from investors including ENGIE, Asian Development Bank and USAID. The company has 3 employees as of March 31, 2023. Simpa Networks operates in a competitive market with competitors including Adani Green Energy, Hero Future Energies, KPI Green Energy, Husk Power Systems and OMC Power, among others.
- Headquarter Bengaluru, India
- Employees 3 as on 31 Mar, 2023
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Simpa Networks
Simpa Networks has successfully raised a total of $21.67M across 13 strategic funding rounds. The most recent funding activity was a Series A round of $1.05 million completed in January 2018. 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 13
- Last Round Series A — $1.1M
-
First Round
First Round
(09 Dec 2010)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series A - Simpa Networks | Valuation |
investors |
|
| Apr, 2016 | Amount | Series A - Simpa Networks | Valuation |
investors |
|
| Aug, 2015 | Amount | Series A - Simpa Networks | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Simpa Networks
Simpa Networks has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include ENGIE, Asian Development Bank and USAID. 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 |
|---|---|---|---|---|
|
Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital.
|
Founded Year | Domain | Location | |
|
Electricity, natural gas, and energy services are provided globally.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Simpa Networks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Simpa Networks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Simpa Networks Comparisons
Competitors of Simpa Networks
Simpa Networks 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 Adani Green Energy, Hero Future Energies, KPI Green Energy, Husk Power Systems and OMC Power, 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 |
Renewable energy power is produced independently by Adani Green Energy.
|
|
| domain | founded_year | HQ Location |
Renewable energy projects are developed for utility-scale and commercial use.
|
|
| domain | founded_year | HQ Location |
Solar and hybrid power projects are developed and operated.
|
|
| domain | founded_year | HQ Location |
Hybrid renewable energy solutions are provided for rural communities.
|
|
| domain | founded_year | HQ Location |
Micro-Grid power generation
|
|
| domain | founded_year | HQ Location |
Develops and operates solar energy projects using RESCO, Open Access, and Group Captive models in India.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Simpa Networks
Frequently Asked Questions about Simpa Networks
When was Simpa Networks founded?
Simpa Networks was founded in 2010.
Where is Simpa Networks located?
Simpa Networks is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Simpa Networks?
Sanjay Munshi is the current CEO of Simpa Networks.
Is Simpa Networks a funded company?
Simpa Networks is a funded company, having raised a total of $21.67M across 13 funding rounds to date. The company's 1st funding round was a Series A of $1.75M, raised on Dec 09, 2010.
How many employees does Simpa Networks have?
As of Mar 31, 2023, the latest employee count at Simpa Networks is 3.
What does Simpa Networks do?
Simpa Networks offers Solar-as-a-service to rural India by accepting a down-payment, and installing Solar PV panels. The customers then pre-pay for the energy used every month, which would finally repay the purchase price of the solar panels. Since its inception the company has delivered over 65 MWh. The company is backed by Asian Development Bank, IFC, Khosla Impact Fund, Sorenson Impact Foundation, Schneider Electric, and more. Simpa Networks, besides other awards won the Impact Award in the renewable energy category by OPIC in May 2015.
Who are the top competitors of Simpa Networks?
Simpa Networks's top competitors include Husk Power Systems, Hero Future Energies and Adani Green Energy.
Who are Simpa Networks's investors?
Simpa Networks has 5 investors. Key investors include ENGIE, Asian Development Bank, USAID, OPIC, and Village Capital.