Chanakya Fund Invests in Sadbhav Future Tech's Rs 36 Crore Round

SME-focused Chanakya Opportunities Fund has invested an undisclosed amount in Sadbhav Future Tech's Rs 36 crore pre-IPO round. Sadbhav Future Tech is a pioneer in the Indian agri-renewable industry, providing farmers with end-to-end solutions through Solar pumps.

This strategic investment aligns with the fund’s objective of fostering sustainable and scalable businesses with strong market potential. Chanakya has invested around Rs 18 crore in the renewable energy sector so far.

Sadbhav Future Tech, founded in 2020, is a leading provider of solar energy solutions, specializing in on-grid and off-grid systems such as solar pumps, rooftop installations, and large-scale power plants. With over 50,000 solar pumps installed, the company has played a key role in promoting renewable energy.  The company aims to impact the lives and livelihoods of 1 million farmers over the next 10 years.  

Sadbhav actively supports the PM-KUSUM scheme, an initiative by the Government of India to ensure farmers' energy and water security, increase their income, reduce reliance on diesel, and lower environmental pollution.  

Under the leadership of Bhupender Singh, Nilesh Jain, and Saikat Roy, Sadbhav Future Tech focuses on advanced solar technologies to make clean energy more accessible and efficient. The company has a strong presence across India, operating in states like Maharashtra, Haryana, Chhattisgarh, Madhya Pradesh, Assam, and Rajasthan.

“At Chanakya Opportunities Fund, we believe in backing enterprises that drive innovation and sustainability. Sadbhav Future Tech has showcased remarkable growth in the Solar Pump space, and we are excited to support its journey towards expansion,” said Kresha Gupta, Founder and Director of StepTrade Share Services.

“Our goal at Sadbhav Future Tech is to revolutionize solar energy and offer sustainable alternatives for businesses and individuals. This investment from Chanakya Opportunities Fund will help us scale our operations and enhance our technological capabilities,” said Saikat Roy, Director of Sadbhav Future Tech.

With India advancing towards a greener future, Chanakya Opportunities Fund’s support for eco-friendly businesses sets an inspiring example for fostering a more sustainable and environmentally conscious society.