GreenFortune, a windows and doors start-up, closed its $4.5 million (approximately Rs 3.9 crore) funding round, led by Foundamental and with participation from Titan Capital Winners Fund, existing investors Incubate Fund Asia, and others. The capital will be used to fuel national-level expansion.
The company, in an official statement, stated that it looks to treble the in-house research and development or design, and technical services capabilities to develop new products across various material types. It aims to complete solution provider for fenestration products.
“Our latest funding round reflects the trust investors place in GreenFortune’s vision to empower middle-income section of the country. With this funding round, we aim to scale operations, strengthen its network of fabricators, and achieve Rs 250 crore ARR within the next two years,” said GreenFortune CEO and cofounder Dilip Kumar.
GreenFortune, founded in May 2022 by Dilip Kumar and Pratyusha Kosaraju, and based in Hyderabad, is on a mission to revolutionise India’s fenestrations industry by making premium-quality products affordable and accessible.
While working as a partner at BCG, advising building material companies across India and Europe, Dilip identified a significant gap—middle-income customers struggled to find high-quality, budget-friendly solutions made for Indian weather conditions. Determined to bridge this gap, the duo left their high-paying jobs to launch GreenFortune.
Currently, the start-up is available across over 100 locations in India. The start-up's last fundraising was $1.0 million in July 2023 led by Incubate Fund Asia. “As an early investor in GreenFortune, we have seen this team be focused on building up the supply chain in the right way to ensure great quality at very reasonable prices for the consumers,” said Shiv Kapoor, Vice President at Titan Capital Winners Fund.
“Having made good progress here, we feel they are ready to go to the next level of growth, build a much-loved brand in this space. Dilip and Pratyusha are the right founders to address this problem as India’s consumption grows,” he added.
India's real estate and construction industry is heading toward $1 trillion by 2030, with facade and joineries contributing $15 billion nationally ($500 billion globally). Despite increasing adoption of sustainable materials and prefabricated solutions, the sector struggles with quality control, poor service orientation, lack of transparency, and high costs.
