GreenFortune raises $4.5 million in pre-Series A round from Foundamental, Titan Capital Winners Fund & others
The brand is available across 100 locations in India and its materials are used to deliver over two million square feet of windows and doors.
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GreenFortune, a windows and doors brand, has raised $4.5 million funding round led by Foundamental with participation from Titan Capital Winners Fund and existing investors Incubate Fund Asia & others, the company said in a statement today, March 26.
A part of the funding 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.
Commenting on the investment, Shubhankar Bhattacharya, co-founder & general partner, Foundamental, said, "GreenFortune has been executing brilliantly on the pivotal aspects of a new-age building materials brand - Upscaling existing manufacturing supply, improving service quality and customer access, and delivering strong margins."
“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," said Shiv Kapoor, vice-president at Titan Capital Winners Fund.
Hyderabad-based GreenFortune, founded in May 2022 by Dilip Kumar & Pratyusha Kosaraju, is on a mission to revolutionise India’s fenestrations industry by making premium-quality products affordable and accessible. While working as a partner at BCG, advising building material companies across India and Europe, Dilip identified a significant gap—middle-income customers struggled to find high-quality, budget-friendly solutions made for Indian weather conditions.
The brand is available across 100 locations in India and its materials are used to deliver over two million square feet of windows and doors.
"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," said Dilip Kumar, co-founder & CEO, GreenFortune.
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