About Sunshot
Sunshot is a company based in Pune (India) founded in 2010 by Kedar Deshpande, Indrajeet Dudile, Rahul Dasari, and Anshumaan Bhatnagar. It operates as a B2B. Sunshot has raised $694.39 thousand across 2 funding rounds from investors including Ravi Nigam. Sunshot operates in a competitive market with competitors including Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, among others.
- Headquarter Pune, India
- Founders Kedar Deshpande, Indrajeet Dudile, Rahul Dasari, Anshumaan Bhatnagar
- Stage Minicorn
- SectorsEnergy & Utilities
- Website sunshot.in
- Legal Name Sunshot Technologies Private Limited
- Date of Incorporation 08 Sep, 2010
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹28.03 Cr
FY 2021 · -52% YoY
- Net Profit₹4.93 Cr
FY 2021 · 18% margin
- EBITDA₹7.56 Cr
FY 2021 · 27% margin
- Total Equity Funding$694.39K (USD)
in 2 rounds
- Latest Funding Round$375.77K (USD), Angel Round
Nov 2016
Associated legal entities of Sunshot
Sunshot operates through Sunshot Technologies Private Limited (converted to llp). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sunshot Technologies Private Limited CIN U93000PN2010PTC137286 | Converted To Llp | 08 Sep 2010 | Pune, Maharashtra | ₹28.0 Cr | 55 | – | View details |
Funding Insights of Sunshot
Sunshot has successfully raised a total of $694.39K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $375.77 thousand completed in November 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 $694,392
- Total Rounds 2
- Last Round Angel Round — $375,773
- First Round $318,619
(Jul 2014)
- Investors Count 1
All 2 funding rounds of Sunshot with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2016 | $375,773 | Angel Round | $8.49M | Ravi Nigam | – |
| Jul 2014 | $318,619 | Seed | $1.5M | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2016 | $8.49M | •••••••• |
| Jul 2014 | $1.5M | •••••••• |
Last known valuation $8.49M (Nov 2016). 1 investors in total: 0 institutional and 1 angel.
Investors in Sunshot
Sunshot has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Ravi Nigam.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RN Ravi Nigam | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | – | unknown_a8cdcf3bef214c7d9 | - |
Investor details for Sunshot
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Sunshot
4 people are tracked at Sunshot (4 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder, Director | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Sunshot
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Sunshot
Figures of Sunshot Technologies Private Limited, the primary company behind Sunshot, for FY 2021. Revenue was ₹28.03 Cr (-52% year on year). Net profit was ₹4.93 Cr (18% margin). EBITDA was ₹7.56 Cr (27% margin). Revenue has grown at a compounded annual rate of -15% over three years and +21% over five years.
- ₹28.03 CrRevenue · FY 2021 · -52% YoY
- ₹4.93 CrNet profit · 18% margin
- ₹7.56 CrEBITDA · 27% margin
- ₹0.01 CrPaid-up capital
- 55Employees (provident fund records)
- -15%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sunshot Technologies Private Limited are on its company page.
Detailed financial statements for Sunshot
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Timeline of Sunshot
4 dated milestones of Sunshot across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Sunshot is founded.
- Funding First funding round of $319K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $376K.
Competitors of Sunshot
Sunshot 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 Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lightsourcebp.com | 2010 | Holborn, United Kingdom | $417.9M | 1,101 | Solar energy projects are developed and operated by Lightsource BP. | |
| freyrenergy.com | 2014 | Hyderabad, India | $13.23M | 370 | Solar energy projects are developed for residential and commercial applications. | |
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. | |
| prozealgreen.com | 2011 | Ahmedabad, India | $7.34M | 336 | Provider of solar EPC, IPP services, and battery energy storage systems | |
| grew.one | 2022 | Ahmedabad, India | $4.22M | 1,556 | Provider of a range of solar products and services | |
| mahindrasusten.com | 2010 | Mumbai, India | – | 180 | Turnkey EPC services for solar power plants are provided. | |
| roofsol.com | 2016 | Mumbai, India | $31.23M | 168 | Provides solar plant installations, providing engineering, procurement, and construction services |
Detailed competitors of Sunshot
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Sunshot
Complete news archive for Sunshot
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
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Similar companies to Sunshot
10 companies that operate in the same segment as Sunshot (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Sunshot
Sunshot was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Sunshot is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Sunshot is a funded company, having raised a total of $694.39K across 2 funding rounds to date. The company's 1st funding round was a Seed of $318.62K, raised on Jul 2014.
The primary company behind Sunshot, Sunshot Technologies Private Limited, reported revenue of ₹28.03 Cr for FY 2021, down 52% year on year.
Sunshot operates with a B2B model, focusing on working in the energy sector, promoting renewable energy, developing solar energy systems, and installation services. Offers solar PV project installation and maintenance services. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Sunshot's top competitors include Lightsource BP, Fourth Partner Energy and Freyr Energy.
Sunshot has 1 investor. Key investors include Ravi Nigam.
The valuation of Sunshot is $8.49M as of Nov 2016.
Sunshot operates through Sunshot Technologies Private Limited.