Rooftop solar startup Zunroof has just landed Rs 25 crore ($2.85 million) in new funding. ANBG Enterprise LLP (the Godrej Family Office) led the round, with angel investors John Diaz and S Sunil Edwards also participating.
This investment shows the Godrej group’s continued and growing interest in India’s sustainable, direct-to-consumer energy solutions. It also adds to the excitement in the Indian D2C market. Zunroof previously raised Rs 20 crore last December from Godrej and a group of angel investors. This further secures its place as one of the top-funded clean energy D2C brands.
Zunroof, started in 2016, is known for its tech-focused approach to rooftop solar installations. They also finance and design solar solutions for Indian homes. The company uses AI to improve efficiency and has quickly become one of the fastest-growing D2C startups in India’s energy industry. Since 2020, Zunroof has also moved into smart home products with IoT-enabled devices. This shows a varied business approach that fits with consumers’ move toward sustainability and convenience. This move has made Zunroof a well-known name in both renewable energy and the broader D2C industry. Premium D2C brands in India are now pushing the adoption of lifestyle-focused, tech-integrated products.
According to regulatory filings, the funding round involved issuing 47,986 equity shares at Rs 5,239 each, raising a total of Rs 25.14 crore. Startup intelligence platform TheKredible reports that Godrej now holds over 70% of Zunroof, showing strong confidence from a respected Indian business. This angel investment, along with private equity, signals growing institutional interest in funding clean-tech D2C companies.
For the year ending March 2024, Zunroof’s operating revenue was Rs 26.43 crore, an 11.46% year-on-year decrease. the company cut its net losses by 51.7% to Rs 14.24 crore. This demonstrates adaptability in its revenue growth plan and disciplined execution. For investors watching startup valuation and market patterns in 2025, Zunroof’s narrowing losses suggest a path to profitability as it grows.
Zunroof faces competition from startups like SolarSquare, which raised $40 million last December, and Glo, which secured $30 million. Other competitors include Cleantech, Mysun, Oorjan, and Freyr Energy. However, Zunroof has a unique advantage: a hybrid approach that combines rooftop solar with smart home tech. This appeals to changing consumer behavior.
Across India, sustainable brands are becoming more popular as consumers choose clean energy and smart living solutions. With this latest funding, Zunroof can grow, create new products, and potentially move toward an IPO in the future.
As India’s energy sector works to meet climate goals, Zunroof is expected to continue shaping brand stories in the renewable market. Its strong investor support, AI-driven efficiency, and focus on consumers are likely to keep it a leader in India’s D2C space. For those in Indian business, Zunroof is both a play for sustainability and an example of how supply chain and digital adoption can turn an old industry into a consumer-driven success.
