GreenFortune Secures $4.5 million Funding Led By Foundamental

Window and door systems maker GreenFortune has raised $4.5 million (around Rs 39 crore) in a funding round led by Germany-based fund Foundamental.

The round also saw participation from Titan Capital Winners Fund and existing investor Incubate Fund Asia.

The Hyderabad-based startup plans to use the funds to expand the business, boost production and develop PartnerGate into a full-stack tech platform. It will also invest in R&D and technical services to create new products with different materials.

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“On the product side, we will remain within the windows and doors category but expand into additional subcategories such as aluminum, steel, and pre-painted steel windows and doors, among others,” Dilip Kumar, cofounder and chief executive of GreenFortune.

“The windows and doors category is very unorganised and fragmented, with no dominant player. We are working to build our brand in this fenestration category, which primarily serves windows and doors, by offering a combination of quality and performance products at affordable prices,” Kumar said.

“We have customers divided into four categories. First, there are retail customers, primarily individual home builders. Second, we serve regular builders and construction companies. Third, we work with institutions such as office spaces, new factories from pharmaceutical companies, and, in some cases, temples. Lastly, we selectively take on government projects,” he added.

Rajeev Ranka, India partner, Incubate Fund Asia, said, “After B2B, we are now seeing it evolve into a B2C business with strong demand from consumers on the back of good quality, experience, and affordability. We are excited to support them in creating a unique category in home engineering materials with a blend of superior customer experience.”

In July 2023, GreenFortune raised $1.04 million in a seed funding round led by Incubate Fund India, with participation from Titan Capital and others.

About GreenFortune 

Founded in 2022 by Dilip Kumar and Pratyusha Kosaraju, GreenFortune follows both B2B and B2C models, supplying raw materials to fabricators and directly serving customers.

The brand operates in 100+ locations across India, with its materials used for over two million square feet of windows and doors.

The startup aims to reach an annual revenue of Rs 250 crore in two years. Over the next 6–9 months, it will focus on expanding in South India before moving to other regions.

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