SME-focused Chanakya Opportunities Fund has invested an undisclosed amount in Sadbhav Future Tech, an agri-renewable startup, as part of the ₹36 crore pre-IPO funding round.
Chanakya Opportunities Fund has allocated ₹18 crore to the renewable energy sector.
With this fresh funding, Sadbhav plans to expand its reach across new states, ramp up production, invest in R&D for next-gen solar technology, and further integrate IoT and AI into its solutions for smarter farm energy management.
“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 and Co-founder of Sadbhav.
“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, which manages the fund.
Founded in 2020 and led by Bhupender Singh, Nilesh Jain, and Saikat Roy, Sadbhav Future Tech provides end-to-end solar energy solutions tailored for the agricultural sector – from solar pumps and rooftop installations to on-grid and off-grid systems and large-scale power plants.
With over 50,000 solar pumps already installed across the country, Sadbhav’s impact is tangible. Sadbhav Future Tech aims to touch the lives of 1 million farmers in the next decade, reducing their dependency on erratic power supply or diesel-run irrigation.
