Ecozen Solutions

Ecozen Solutions

Developer of solar-powered products for agriculture solutions

Founded

2010

Headquarters

Pune (India)

Status

Series C

Company Details

Ecozen Solutions is a pioneering company in the agricultural technology sector, focusing on climate-smart deep tech solutions that enhance sustainability and productivity in farming. Here are the key details about Ecozen Solutions:

Mission and Vision

Ecozen Solutions aims to revolutionize the way agriculture is practiced in India by providing innovative technologies that help farmers manage resources more effectively and sustainably. The company's mission is to empower farmers through climate-smart solutions that reduce waste and improve efficiency.

Products and Services

Ecozen offers a range of products designed to support agricultural practices:

  • Ecotron: A solar-powered irrigation system that enhances water management for farmers.

  • Ecofrost: A solar cold storage solution that preserves the freshness of perishable agricultural products, reducing food waste and improving marketability.

  • Motor Controls and IoT Solutions: Advanced technology stacks that optimize energy usage and enhance operational efficiency in agricultural practices.

Market Impact

  • Ecozen has deployed over 150,000 units of its products, impacting more than 1 million farmers across India.

  • The company is currently operating in 15 regions, focusing on improving agricultural practices through sustainable technologies.

Financial Information

  • Total Funding Raised: Approximately ₹377.47 crore (around $69.07 million).

  • Latest Funding Round: The most recent funding round raised $30 million, with key investors including Nuveen Global Impact Fund, Omnivore India Capital Trust, and others.

Achievements

  • Ecozen is on track to achieve a revenue target of $100 million, having reported a revenue of $37 million in the last fiscal year with a profit of $1 million.

  • The company has received recognition for its innovative approach to addressing food security and sustainability challenges in agriculture.

Partnerships and Collaborations

Ecozen has formed strategic partnerships to enhance its technology offerings and expand its reach in the market. Collaborations with organizations focused on sustainability have further strengthened its position in the agtech sector.

Future Aspirations

With a commitment to innovation and sustainability, Ecozen Solutions aims to expand its product offerings and increase its impact on the agricultural sector. The company seeks to continue empowering farmers with advanced technology solutions that promote sustainable practices.

In summary, Ecozen Solutions is at the forefront of transforming agriculture in India through innovative technologies that address key challenges faced by farmers, contributing to a more sustainable future.

Key People

Devendra Gupta

Prateek Singhal

Vivek Pandey

Key Metrics

Total Equity Funding

$51.4Million

No. of Funding Rounds

14

Latest Funding Round

$30.0Million, Series C

as of April 19, 2024

Post Money Valuation

$53.5Million

as of N/A

Funding Multiple

1.82

as of N/A

Investors

Omnivore

and 4 more

Employee Count

416

Similar Companies

N/A

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 19, 2024Series C$30.0Million- Omnivore, Exim Bank, Dare Ventures
December 17, 2022Series C$11.5M Exim Bank
June 13, 2022Series C$2.5Million Caspian Equity, Triodos Investment Management
December 3, 2019Series B$2.8Million Omnivore
May 14, 2019Series A$1.8MillionOmnivore, Caspian Equity, Triodos Investment Management
January 22, 2018Series A$939.0K Omnivore, Caspian Equity, Triodos Investment Management
March 2, 2016Series A$735.0KOmnivore
February 9, 2015Series A$1.0Milllion Omnivore
December 10, 2013 Seed$24.6K Villgro

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