GreenFortune raises $4.5M in funding, led by Foundamental, with participation from Titan Capital Winners Fund, Incubate Fund Asia, and other existing investors. The budget, approximately INR 39 crore, will fuel the company’s national expansion, a sixfold growth in volume, and the enhancement of its proprietary PartnerGate platform into a full-stack solution to improve customer service.
Founded in May 2022 by Dilip Kumar and Pratyusha Kosaraju, GreenFortune aims to transform India’s doors and windows market by offering high-quality, affordable products designed for Indian climates. The company is now in over 100 locations across India and has supplied materials for more than two million square feet of windows and doors.
“GreenFortune’s latest round of funding reflects the unwavering trust our investors place in our vision to empower the middle-income section of the nation with quality solutions tailored to their needs in a pocket-friendly manner,” said Dilip Kumar, co-founder and CEO. “With this round of funding, the company aims to scale operations, strengthen its network of fabricators, and achieve INR 250 crore ARR within the next two years.”
India’s real estate and construction sector aims to reach $1 trillion by 2030, with facades and joineries representing a $15 billion market. Despite this growth, the industry faces quality control issues, service inefficiencies, and high costs. GreenFortune aims to tackle these problems through innovation, transparency, and a customer-first approach.
The company’s focus on in-house R&D has set it apart. GreenFortune has built trust across the retail, commercial, and institutional sectors by creating products tailored to India’s diverse climate conditions. This strategy has positioned the company as a leading player in a market ripe for disruption.
Rajeev Ranka, India partner at Incubate Fund Asia, expressed confidence in GreenFortune’s future: “We are thrilled to continue our partnership as repeat investors. From the early days of B2B, we now see it evolve into a B2C business with strong demand driven by quality, experience, and affordability.”
Shubhankar Bhattacharya, co-founder and general partner at Foundamental, echoed similar sentiments: “GreenFortune has been executing brilliantly on the pivotal aspects of a new-age building materials brand—upscaling manufacturing, improving service quality, and strengthening customer access. We are proud to lead this Pre-Series A round and excited to partner with Dilip and Pratyusha on their journey to build India’s premier fenestration brand.”
Titan Capital Winners Fund, another key investor, emphasized the company’s strategic growth.
“As an early investor in GreenFortune, we have seen this team laser-focused on building a robust supply chain to ensure great quality at reasonable prices. Now, they are ready to scale to the next level and build a much-loved brand in this space,” said Shiv Kapoor, vice president at Titan Capital Winners Fund.
This latest funding round is a major milestone for GreenFortune, following its previous raise of $1 million in July 2023, led by Incubate Fund Asia.
