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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.

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.

Image Source : ShutterStock
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