Sadbhav Future Tech Raises Rs 36 Cr In Pre-IPO Round

Sadbhav Future Tech, a pioneering agri-renewable startup has raised Rs 36 crore in a pre-IPO round, with an undisclosed investment from the SME- focused Chanakya Opportunities Fund.

The Firm said this investment supports its goal of building sustainable, scalable businesses with strong growth potential. So far, it has invested around Rs 18 crore in the renewable energy space.

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"Our goal at Sadbhav Future Tech is to revolutionize solar energy and offer sustainable alternatives for businesses and individuals. This investment from Chanakya Opportunities Fund will help us scale our operations and enhance our technological capabilities," said Saikat Roy, Director of Sadbhav Future Tech.

"At Chanakya Opportunities Fund, we believe in backing enterprises that drive innovation and sustainability. Sadbhav Future Tech has showcased remarkable growth in the Solar Pump space and we are excited to support its journey towards expansion," said, Kresha Gupta, Founder and Director of StepTrade Share Services. 

About Sadbhav Future Tech

Founded in 2020 by Bhupender Singh, Nilesh Jain and Saikat Roy, Sadbhav Future Tech works on advanced solar technologies to make clean energy more affordable and efficient. It offers both on-grid and off-grid solutions, including solar pumps, rooftop systems and large-scale solar power plants.

The company has already installed over 50,000 solar pumps and plans to improve the lives of 1 million farmers in the next 10 years.

It has a strong presence across India, with operations in states like Maharashtra, Haryana, Chhattisgarh, Madhya Pradesh, Assam and Rajasthan.

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