Zunroof, a rooftop solar startup, has raised Rs 20 crore (roughly $2.3 million) from ANBG Enterprise LLP (Godrej Family Office)

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Startup also received a small commitment from Ravindernath Chadha

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Zunroof specializes in designing, installing, and financing rooftop solar solutions. It employs AI to increase the efficiency of solar rooftop systems

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Their board of directors have approved 75,960 equity shares at an issue price of Rs 2,638 apiece in order to raise Rs 20 crore

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Zunroof has raised around $9 million to date, with strong backing from Godrej

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Godrej owned a 51% share in the company before to the most recent funding round

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Zunroof cut it’s losses by 51.7%. However, the company's operational scale fell 11.46% to Rs 29.84 crore in the fiscal year ended March 2024

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Zunroof competes against SolarSquare, Cleantech, Mysun, Oorjan, and Freyr Energy, among others

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Despite low funding for solar startups, there has been growing interest, with investments including $40 Mn for SolarSquare, $30 Mn for Glow, $8 Mn for InSolare

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