Debt financing
Cleantech startup Namma Swadeshi raises debt funding
Namma Swadeshi , a Bengaluru-headquartered renewable energy startup, has raised debt funding from IncredCapital. The new funds will be used for sales team hiring, store launches, and brand building. Previously, the company had raised debt funding from Jiraaf.Founded in 2020 by Praveena K and Chinmayee Praveen, the startup specialises in solar energy solutions including for water heating. It recently entered the electric vehicles segment. It hopes to close FY24 at INR 15 crore and be EBITDA positive.
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