The lead advisor of this transaction was Swastika Investmart Ltd. The funding round’s investors include India Ahead Venture Fund, Sunil Singhania’s family office, Madhuri Madhu Kela, Nabs Vriddhi LLP, Pawan Agarwal, Head of PCG at InCred Capital and several other HNI investors.
This funding infusion will help the company generate its working capital needs. Since the company offers power solutions, the funding will assist the company in areas like project execution, team building, international business development and Independent Power Projects (IPP).
Sunil Nyati, MD, Swastika Investment Ltd says, “This funding will open several doors for the company, paving the way for capitalisation of its existing projects and allowing participation in the growing industry. Being a reputed name, Soleos Solar Energy is poised to benefit from this funding.
