Godrej increases stake in Zunroof with fresh investment

Rooftop solar startup Zunroof has raised Rs 20 crore (approximately $2.3 million) from ANBG Enterprise LLP (Godrej Family Office) and with a small contribution from Ravindernath Chadha.

The board at Zunroof has passed a resolution to allot 75,960 equity shares at an issue price of Rs 2,638 each to raise Rs 20 crore, its regulatory filing sourced from the Registrar of Companies shows.

The six-year-old firm specializes in the design, installation, and financing of rooftop solar solutions. It claims to use artificial intelligence to improve the efficiency of solar rooftop systems. Since 2020, it has also ventured into the ‘smart home’ segment, offering a range of IoT-enabled products for homes.

Zunroof…

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