SolarTown Energy Solution and Comarete Technologies cumulatively raise INR 14.1 million
May 4, 2016, Mumbai: In line with its ideology of need based fund raising, GREX, a seamlessly integrated exchange like platform for unlisted companies, has successfully facilitated capital raising for SolarTown Energy Solution and Comarete Technologies on its transaction platform. The two companies together raised INR 14.1 million and plans to raise further capital on GREX platform soon.
Tushar Patil, Co-Founder Comarete said: “The convergence of telecoms and IT has opened the door of significant B2B activity in Information and Communication Technology industry which we would not like to miss. The funds raised will be used for building solution based on Internet of Everything (IoE) and we are satisfied with the amount raised in a very short span of time through GREX.”
Co-Founder of GREX and Director – Operations, Surojit Nandy, said “Since inception, we have always believed that companies should always raise funds based on their needs. This not only protect companies from equity dilution at one go but also offers different set of investors to invest in such unique companies.”
“We are delighted to facilitate SolarTown and Comarete Technologies in their fund raising and look forward to change in fund raising activity within the unlisted and startup ecosystem,” he further added.
About SolarTown Energy Solutions Pvt. Ltd.
SolarTown Energy Solutions Pvt. Ltd. is a pioneer in India’s solar industry specializing in the sale, lease and installation of solar rooftop systems for residential, commercial and industrial customers. SolarTown 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. To shield its customers against rising energy costs, SolarTown offers two options: direct purchase of a system with accelerated depreciation tax benefits and payback periods as low as five years, or lease of a system with no upfront costs and a fixed rate going forward. Its confidence in its systems is reflected in a unique 15-year performance guarantee and hassle- free O&M service. With over 100 installations and an impressive customer base of some of India’s top corporates, such as Infosys, Renault-Nissan, Plant Engineering and Aachi Group, SolarTown is India’s preferred supplier of solar rooftop systems from 1 kW to 300 kW.
For more information about SolarTown Energy Solutions Pvt. Ltd., visit http://solartown.in/.
About Comarete
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. In a very short span of time Comarete got its foot print in APAC, Middle East & India. Comarete helps clients in optimising their costs and grow their market size.
About GREX:
GREX is a seamlessly integrated exchange-like platform for unlisted companies. Its associated ecosystem of participants brings together private eligible investors and high-growth unlisted companies for information exchange and securities transactions. For unlisted companies, this brings forth a world of opportunities and possibilities.
GREX facilitates a steady flow of need-based access to capital like never before. This means companies can raise multiple rounds of capital, depending on their growth needs. Companies can focus on creating value for their stakeholders.
For this to work well for companies, they will be required to be on the platform and share regular updates with the community within the platform. This information sharing forms the basic bedrock of the information exchange at GREX.
GREX will enable many second and third party integrations to ensure this information is translated into independent insights and analysis, thus offering more credibility to unlisted companies. For investors, it will refresh the experience of the regular capital market as it is now available to them, so they can then discover, enter and manage their investment interests with low ticket size of investment in exciting unlisted companies with high potential.
For more information, please log onto https://grex.in/