SolarSquare Raises $53M led by B Capital to Build India’s Largest End-to-End Residential Solar Platform

• SolarSquare is India’s #1 residential solar brand and today they have the largest portfolio of distributed solar assets under management in the country
• The funding signals growing investor conviction that residential rooftop solar is moving from a niche category to a mass-market opportunity in India.
• The company is the first in India to offer performance guarantees with their solar solution, giving consumers complete security on their solar investments. 
• This round also puts SolarSquare in a short list of women-led companies operating at genuine scale inside India’s energy and climate-tech ecosystem.

Five years ago, residential solar in India was largely invisible to mainstream investors, underfunded compared to utility-scale projects, and perpetually described as "nascent." Today, SolarSquare is making that story impossible to ignore.

SolarSquare, India’s leading residential solar brand, has raised $53 million in a Series C funding, marking the largest venture investment in India’s solar sector. The round was led by B Capital with existing investor Lightspeed doubling down on the company. Other existing investors Elevation Capital, Lowercarbon Capital, Rainmatter by Zerodha and Good Capital also returned to participate in the current round. This takes the total capital raised by the company to over $100mn.

The fresh capital will be deployed to accelerate geographic expansion into new cities, deepen SolarSquare’s technology capabilities, hire talent and scale the platform to capitalize on this generational opportunity to become India’s most trusted new age home-energy brand.

Founded by Neeraj Jain, Nikhil Nahar and Shreya Mishra, the raise marks a defining moment for SolarSquare and for the broader category they have spent a decade building. Since its founding in 2015, the company has grown into India’s largest residential rooftop solar brand, having powered ~50,000 homes across the country and currently run-rating over 1000 Cr in revenues.

The timing of the raise reflects a fundamental shift in how Indian homeowners are thinking about energy. India’s electricity tariffs have been climbing steadily and investment in residential solar breaks-even in less than 5 years across India. Rising electricity costs, a volatile global environment and India’s growing energy needs are all converging to decentralised rooftop solar as the answer, benefitting consumers and the country.

The central government’s PM Surya Ghar scheme has seeded consumer awareness at a scale no marketing budget could replicate.

Five years ago, we made a conviction-led bet that every Indian home will be powered by rooftop solar. At the time, residential solar was still very nascent, with barely 1 Lac homes going solar per year. Today, the category has inflected with 1 Lac homes adopting solar every 10 days in India. And we want to build the operating system for this energy transition in India - with solar installation solutions, after-sales, financing, battery solutions, home energy management. This capital will allow us to accelerate that vision. - Shreya Mishra, Co-Founder & CEO, SolarSquare. 

SolarSquare operates as a full-stack home energy platform. The company manages the entire customer journey: from initial consultation and system design to installation, financing support, and long-term maintenance - a vertically integrated model built for a market that has historically been fragmented and unorganised. Rooftop solar requires a capital commitment of anywhere between ₹2–4 lakh for a typical urban household. That kind of decision demands trust, transparency, and reliable after-sales support. SolarSquare’s integrated model is built precisely around that insight. It is the first in India to offer a performance guarantee to its customers, an innovation that gives customers complete assurance on their investment.

Underpinning this is a proprietary technology and operations platform that today manages India's largest portfolio of residential solar assets - at scale, and with a performance guarantee attached to every system.

B Capital anchoring the round brings deep global pattern-recognition to a market that has often been underestimated. The continued conviction of Lightspeed and Lowercarbon Capital - one of the world’s most prominent climate-focused funds, alongside Elevation Capital and Rainmatter by Zerodha, reflects a rare alignment of international climate capital and India-native consumer investment conviction behind a single platform.

India's energy transition will not be won on the grid alone, it will be won home by home, city by city. At B Capital, we've studied residential energy across markets for years, and SolarSquare combines category leadership, best-in-class unit economics, and a proprietary technology and asset-management layer that compounds with every install. What drew us in is the quality and tenure of the founders, a team that has spent a decade patiently building category infrastructure and layering in future growth levers in financing and battery storage. India's drive toward energy independence is a once-in-a-generation tailwind, and we believe SolarSquare is best positioned to become the national brand symbolic of that transition - and a generational Indian company, – Karan Mohla, General Partner, B Capital.

Founders of SolarSquare 

Rahul Taneja, Partner at Lightspeed India - , We backed SolarSquare on the belief that trust would decide who wins residential solar in India. Since our Series B, they’ve proven it - through their full-stack model, performance guarantee plans, and sheer operating discipline. We remain strong believers and have doubled down in this round.

The opportunity ahead is structural, not cyclical. Growing power consumption among homeowners, rising electricity tariffs, urgency to reduce reliance on imported fuel, grid infrastructure challenges - all are creating the moment for decentralised solar to become mainstream in India. India has an estimated 70 million viable residential rooftops in India. Residential solar penetration, even with recent growth, remains at less than 5%, compared to 35% in Australia, 15% in Germany.

ABOUT SOLARSQUARE

Founded in 2015 by Neeraj Jain, Shreya Mishra, and Nikhil Nahar, SolarSquare is India’s #1 residential rooftop solar company, delivering end-to-end solutions from design and installation to financing and maintenance. With more than 50,000 homes powered across India, SolarSquare is driving the clean energy transition through innovation, trust, and scale.

Digital Wellness Startup Mojocare Raises $20.6 Mn in Funding Led by B Capital and Group of Investors

Mojocare Founders — Rajat Gupta (left) and Ashwin Swaminathan

Mojocare, India's fastest growing full-stack health and wellness clinic, has raised US$20.6 million (INR 160 Cr) in a Series A fundraising round led by B Capital and existing investors Chiratae Ventures, Sequoia India’s Surge, and Better Capital. The Bengaluru-based company will use the funds to expand its product, content, and care delivery teams, strengthen and diversify its product portfolio, and scale across omnichannel GTMs with a distribution-first approach.

The funding round also saw participation from some of India's top angel investors and leading industry giants like Vineet Jain (MD, Times Group), Kunal Shah (Founder, CRED), Ankit Nagori (Founder, Curefoods), Adrian Auon (Founder and CEO, Forward), Sajid Rahman (Founder and CEO, Telenor Health), Ravi Bhushan (Founder and CEO, Brightchamps), and Vivekananda HR (CEO and Founder, Bounce).

Founded in May 2021 by Ashwin Swaminathan and Rajat Gupta, Mojocare offers personalised and full-stack care across sexual wellness, women's wellness, mental wellness, and hair loss. The personalised care delivery system assists users in managing chronic and lifestyle-driven illnesses across specialized wellness.

The Mojocare Team 

Within 12 months of launch, Mojocare has registered a 45 times growth in its paid subscriber base and delivered care to users across 50 percent of India's pincodes with a Net Promoter Score (NPS) of 60, showcasing unparalleled user love and industry best retention. The company also recorded a 60 times growth since its launch. The exponentially rising user base was also reflected in Mojocare witnessing a 12 times jump in its number of service providers that includes nutritionists, therapists, health coaches and doctors of the highest caliber.

“These disorders cannot be addressed with a single medication or consultation since they are chronic and lifestyle related. Instead, they need comprehensive care and digital health monitoring that is provided over an extended period of time. In this vast, non-discretionary market, the long tail of regional brands and traditional ayurvedic products would never be able to win over consumer mindshare or meet clinical needs,” Mojocare said in a statement.

“We are excited to partner with Ashwin and Rajat, founders of Mojocare. We believe they are solving one of the largest problems in consumer health and wellness and can radically transform the way people think about specialty wellness. They are attracting the best talent in the country and their patient experience and care layer is inspiring. We are thrilled to back what is emerging as a neo healthcare delivery system across emerging markets for conditions where the care value chain is fundamentally broken by leveraging technology and data across a full stack offering,” said Karan Mohla, Partner at B Capital.

B Capital has over US$6 billion of assets under management, led by Facebook co-founder Eduardo Saverin and former Bain Capital executive Raj Ganguly.

“In India, 400 million users are battling issues related to dermatological, mental health, fertility, and women's and sexual wellness. Consumers have a serious lack of trust in them, and access is severely limited due to a nearly nonexistent care layer. The prevalence of unskilled and dishonest health professionals is alarming, and the likelihood of counterfeit products sold offline is considerable,” said Rajat Gupta, Co-Founder, Mojocare.

Highlighting how Mojocare will capture the market, Ashwin Swaminathan, Co-Founder, Mojocare, said “Despite the space seemingly being crowded, most of the players offer a transactional experience, selling generic products on third party marketplaces where they have no ownership over the user’s wellness journey. We are taking a very distribution-first approach to unlock this latent market and drive top of the funnel through credible clinical content, access to experts and a digital engagement-led user journey.”

In October 2020, Mojocare had raised US$3.08 million (INR 24 Cr) in seed funding from Chiratae Ventures, Sequoia India’s Surge along with a group of angel investors that included Peyush Bansal of Lenskart, Kunal Bahl and Rohit Bansal of Snapdeal, Amit Bhasin and Kushal Karwa of Gomechanic, Gaurav Agarwal of 1mg, Sai Srinivas of MPL, Aakrit Vaish of Haptik, Miten Sampat of Cred, Puneet Gupt of TIL, and Harsh Shah of Fynd.

About Mojocare

Mojocare is India’s fastest-growing digital platform for sexual wellness, women's wellness, mental wellness, and hair loss. Founded in May 2021 by Ashwin Swaminathan and Rajat Gupta, Mojocare offers a personalised care delivery system and assists users in managing chronic and lifestyle-driven illnesses across specialised wellness. Mojocare also offers personalised consultations through nutritionists, therapists, health coaches, and doctors of the highest caliber, as well as authentic medications.

Facebook Co-Founder's B Capital Group Closes $820 Mn 2nd Fund to Invest in Growth-Stage startups

B Capital Group, a VC fund founded by Facebook co-founder Eduardo Saverin and Ex-Bain Capital executive Raj Ganguly, has announced the close of its second fund, an $820 million vehicle, to invest in growth-stage startups .

Launched five years ago (2014), B Capital now has total assets under management at $1.44 billion, with close of its second fund.

The San Francisco headquartered B Capital Group invests in B2B and B2B2C companies in Enterprise technology (including SaaS, infrastructure AI/ML and security), Fintech, Healthcare Tech, Consumer enablement technology, and Transportation and Logistics.

B Capital typically invests between $10 and $60 million in companies at Series B, C and D stages that are positioned for rapid expansion.

In most recent investments by B Capital bringing several new companies to the portfolio, the firm invested in Synack, a crowdsourced cybersecurity testing platform powered by the world’s most skilled ethical hackers, and Khatabook, the Bangalore-based startup that digitizes local businesses through bookkeeping and online payments.

Last year in April, B Capital invested in Bangalore-based Wicked Ride Adventure Services Pvt. Ltd, which operates 'Bounce' app, an online rental service for scooters and motorcycles. In the same month, the firm had closed $406 Million Fund.