Two Point O Capital Raises $6.3 Mn Funding Led by Omnivore
Sep 26, 2024 22:17
Climate financing platform Two Point O Capital secures $6.3 million in funding led by Omnivore, with participation from Multiply Ventures, RTP Global, GrowX and more.
New Delhi, Sep 26 (PTI) Climate financing platform Two Point O Capital has raised USD 6.3 million (about Rs 52 crore) in a funding round led by venture capital firm Omnivore, the company said on Thursday.
Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of marquee angels also participated in the funding round.
"Two Point O Capital, a climate financing platform for businesses, including MSMEs and rural enterprises, has raised USD 6.3 million in Seed funding," the company said in a statement.
The startup was founded earlier this year by Archit Mehrotra, Karan Bhutani, and Manya Ranjan, with Shashidhar Reddy joining recently.
The founding team has combined experience of over 70 years from leading firms such as KKR, McKinsey, Shell, BP, Honeywell, ReNew, Sterlite Power, and GIC, the statement said.
Two Point O provides debt financing within the distributed clean energy sector by catalysing investments through innovative financial solutions.
"With this funding, Two Point O will strengthen its tech-enabled platform to source, underwrite, finance and monitor distributed projects in clean energy segments, such as solar rooftops, energy efficiency equipment, and wastewater treatment," the statement said.
The company plans to work with various operating and financial partners to build a high-quality portfolio and manage it through its lifecycle on this platform.
"Two Point O's innovative approach to climate financing has the potential to significantly accelerate India's clean energy transition, with special focus on the underserved sectors, such as rural and agriculture," Omnivore investment director Abhilash Sethi said.
Home »
Market News » Two Point O Capital Raises $6.3 Mn Funding Led by Omnivore
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
DRI Seizes Red Sanders Worth Rs 6.26 Cr, 4...
DRI seizes 15 MT of red sanders worth Rs 6.26 crore in Delhi, arrests 4. Illegal export...
UAE Fund to Invest ₹1,000 Cr in Kerala Startups
UAE-based Feeder Fund to invest ₹1,000 crore in Kerala startups over 3 years. Boost...
ECL Aims for 58 MT Output, Mine Closures Planned
Eastern Coalfields Ltd (ECL) targets 58 MT output, plans closure of six underground...
India: Export Potential in Russia
300 Indian products have huge export potential in Russia. Engineering, pharma, agri,...
Gold & Silver Rally: Inflation Data in Focus
Gold and silver prices rally amid inflation data focus. Analysts eye central bank...
India Ranks 3rd in Global AI Vibrancy Index
India ranks 3rd in Stanford University's Global AI Vibrancy tool, surpassing advanced...
EPFOA Urges CPFC: Equip Offices for Compliance
EPFOA urges CPFC to equip field offices with authority & tools to handle default &...
TV Prices to Rise in January: Chip Shortage &...
TV prices are expected to increase in January due to memory chip shortages and a...
India Gems & Jewellery Exports Up 20% in November
India's gems and jewellery exports grew 20% to USD 2.5 billion in November, says GJEPC....
Navi Mumbai Airport: 3rd Runway Feasibility Study
CIDCO invites bids for a consultant to study the feasibility of a third runway at Navi...
Read More »