GreenFortune, a windows and doors brand raised $4.5 million in a fresh funding round led by Foundamental, a Germany-based fund. The round also saw participation from Titan Capital Winners Fund and existing investors Incubate Fund Asia & Others.
The fresh funds raised will be used to fuel national-level expansion, 6x volumes and build PartnerGate, the company’s proprietary tech platform — into a full-stack solution to improve customer service.
The company looks to treble the in-house R&D/Design and Technical services capabilities to develop new products across various material types and become a complete solution provider for fenestration products.
Dilip Kumar, Co-Founder & CEO, GreenFortune, said, “GreenFortune’s latest round of funding reflects the unwavering trust our investors place in our vision to empower the middle-income section of the nation with quality solutions tailored to their needs in a pocket-friendly manner. With this round of funding, the company aims to scale operations, strengthen its network of fabricators, and achieve INR 250 Cr ARR within the next two years.”
Rajeev Ranka, India Partner, Incubate Fund Asia said, “We are thrilled to continue our partnership with GreenFortune as repeat investors. From the early days of B2B business, we are now seeing it evolve into a B2C business with strong demand from consumers on the back of good quality, experience and affordability. We are excited to support them in creating a unique category in home engineering materials with a blend of superior customer experience.”
Shiv Kapoor, Vice President at Titan Capital Winners Fund, said, “As an early investor in Green Fortune, we have seen this team be laser-focused on building up the supply chain in the right way to ensure great quality at very reasonable prices for the customers. Having made good progress here, we feel they are ready to go to the next level of growth, build a much-loved brand in this space. Dilip and Pratyusha are the right founders to address this problem as India’s consumption grows.”
Founded in May 2022 by Dilip Kumar and Pratyusha Kosaraju and based in Hyderabad, GreenFortune offers uPVC profiles, doors, and windows.
Today, the brand is available across 100+ locations in India and its materials are used to deliver 2+ million square feet of windows and doors.
