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ZunRoof, a home-tech company, has raised $3 million in Series A funding from Godrej Investment Office. This follows a $1.2-million investment by Godrej in the pre-Series A round in the company in April last year.
The company aims to use the latest investment to expand its product portfolio and fuel a 500 per cent growth this year. ZunRoof’s home-IoT product-line will be launched next quarter, the company said in a statement.
Founder & CEO of ZunRoof, Pranesh Chaudhary, said: “This investment will fuel our aim to put solar on the roofs of 10 lakh home-owners in the next five years and bring a taste of IoT to these customers.”
“The perfect timing of the funding will help us hire and retain the best talent,” he added.
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