GREX, which brings an experience of regular Capital Market to private Investors has successfully facilitated capital raising for SolarTown Energy Solution and Comarete Technologies which have together raised INR 14.1 million funding through GREX platform.
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.
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.
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.”
Pune-based Comarete is a technology and consulting company. 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 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.
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.”
Chennai-based SolarTown Energy Solutions Pvt. Ltd. specialises 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.
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.