SolarSquare in talks to raise $55-60M Series C at up to $500M valuation as India's rooftop solar market attracts VC interest
By
Jagmeet Singh
1h ago· 3 min readenNews
Summary
SolarSquare, an Indian rooftop solar startup, is in advanced talks to raise $55-60 million in a Series C round co-led by B Capital and Lightspeed Venture Partners. The round could value the company at $450-500 million, more than doubling its valuation in roughly 18 months. This follows India's largest solar venture investment secured by the company in December 2024, highlighting growing VC interest in India's rooftop solar market.
Source
bskySolarSquare in talks to raise $55-60M Series C at up to $500M valuation as India's rooftop solar market attracts VC interesttwp.aiKey quotes
· 3 pulledSolarSquare, an Indian rooftop solar startup that helps households and housing societies adopt solar power, is in advanced talks to raise fresh capital after securing India's largest solar venture investment in December 2024
B Capital and Lightspeed Venture Partners are set to co-lead the Series C round, which could value SolarSquare at between $450 million and $500 million and bring in $55 million to $60 million in new investment
That would represent more than a doubling of SolarSquare's valuation in roughly 18 months
SolarSquare could be valued at up to $500 million in the financing expected to close next month.
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