GreenFortune, a windows and doors manufacturer, has raised $4.5 million (approximately ₹39 crore) in a Pre-Series A funding round led by Foundamental. The round saw participation from Titan Capital Winners Fund and existing investors Incubate Fund Asia among others, said a statement.
The company stated the funds will be used for national expansion, increasing production volumes six-fold and developing PartnerGate, its proprietary technology platform. GreenFortune plans to enhance its in-house research and development capabilities to introduce new products across materials and strengthen its position as a full-service provider for fenestration products.
Founded in May 2022 by Dilip Kumar and Pratyusha Kosaraju, the Hyderabad-based company aims to make premium-quality windows and doors accessible to middle-income consumers.
The founders identified a market gap for weather-appropriate, affordable products while working as consultants in the building materials sector. GreenFortune currently operates across 100 locations in India with materials used in over 2 million square feet of installations.
Dilip Kumar, Co-Founder and CEO of GreenFortune, said, “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. With this round of funding, the company aims to scale operations, strengthen its network of fabricators, and achieve Rs 250 crore ARR within the next two years.”
The Indian construction industry is projected to reach 1-trillion with facades and joineries contributing $15 billion nationally ($500 billion globally). The company positions itself as addressing sector challenges including quality control issues and high costs through customer-focused solutions.
Rajeev Ranka, India Partner at Incubate Fund Asia, said, “We are thrilled to continue our partnership with GreenFortune as repeat investors. From the early days of B2B business, we are now seeing it evolve into a B2C business with strong demand from consumers on the back of good quality, experience and affordability.”
Shiv Kapoor from Titan Capital Winners Fund added, “As an early investor in Green Fortune, we have seen this team be laser-focused on building up the supply chain in the right way to ensure great quality at very reasonable prices for the customers.”
GreenFortune previously raised $1 million in July 2023 led by Incubate Fund Asia.
