Incubate Fund India, Titan Capital, Partners Fund Japan, Superb Capital, and MamaEarth founder Varun Alagh participated in a seed funding round that saw GreenFortune secure $1.04 million (roughly Rs 8.5 crore) in funding.
According to a press release from GreenFortune, the funds will be used for geographic expansion, the creation of innovative products, and further technological enablement.
Co-founded in 2022 by Dilip Kumar and Pratyusha Kosaraju, GreenFortune is a technology-driven window and door system brand which uses its technical expertise and the PartnerGate application to offer customer service. The business claims to have grown rapidly over the last 12 months and aims to establish a national presence and start exporting within the next few years.
By offering comprehensive support during the lead conversion, order execution, and warranty processes, the GreenFortune PartnerGate app allegedly empowers fabricators. The app seamlessly combines design, bill of materials (BOM) costing and estimation, procurement, and quotation generation.
Incubate Fund, based in Tokyo, began funding startups in India in 2016. It has so far provided financial support to over 25 Indian businesses, including ShopKirana, Captain Fresh, Plum, and WizKlub, among others.