GREX, which brings an experience of regular Capital Market to private Investors, has enabled funding of two more companies through its platform. It has successfully facilitated capital raising for SolarTown Energy Solution and Comarete Technologies which have together raised INR 14.1 million funding through GREX platform.
Co-Founder of GREX and Director – Operations, Surojit Nandy said, “We are delighted to facilitate SolarTown and Comarete Technologies in their fundraising and look forward to a change in fundraising activity within the unlisted and startup ecosystem.”
Comarete is a technology and consulting company headquartered in Pune, India. It offers complete technology and consulting services with a broad portfolio of CRM, OSS, BSS predictive analytics, software development and systems management for the Telecom and media industry.
On raising funding through GREX, Tushar Patil, Co-Founder Comarete said, “The funds raised will be used for building a solution based on Internet of Everything (IoE) and we are satisfied with the amount raised in a very short span of time through GREX.”
The second company, SolarTown Energy empowers businesses and homeowners to take control of their electric bills by adopting clean solar power at a fixed cost that is lower than DISCOM rates. It specializes in the sale, lease and installation of solar rooftop systems for residential, commercial and industrial customers.
It also offers a unique 15-year performance guarantee and hassle- free O&M service. The company claims to have over 100 installations. It has an impressive customer base comprising of some of India’s top corporates, such as Infosys, Renault-Nissan, Plant Engineering, and Aachi Group.
Before these two companies, information management company Kleeto had raised an investment of almost INR 1.5 Crore via the GREX Platform.
GREX basically serves as a “stock exchange” for unlisted startups in the country. It is a seamless associated ecosystem which brings together private eligible investors and high-growth unlisted companies. It enables an exchange of information and securities among all these entities.
The platform facilitates a steady flow of need-based access to capital so companies can raise multiple rounds of capital, depending on their growth needs and focus on creating value for their stakeholders.