Bengaluru-based Simple Energy is planning to raise around Rs. 127 crore in a new funding round. According to reports, existing investor and Thyrocare founder Arokiaswamy Velumani will lead the round. The company will reportedly issue over 2 lakh shares at Rs. 6,000 each. Founders Suhas Rajkumar and Ankit Gupta are also expected to invest in the round.
is likely to use the fresh funds to grow its business, improve operations, and open more stores across India. The company is also preparing for a possible IPO in the next few years.
Earlier, founder Suhas Rajkumar had said the startup wants to raise nearly Rs. 3,000 crore through a public listing by FY27. The company plans to expand its research work and increase its offline store network.
