PE Fund Investments
RIL to acquire 79% stake in solar energy s'ware player SenseHawk for $32-M
Reliance Industries Ltd (RIL) is to acquire a 79.4% stake in Bangalore- and California, USA-based SenseHawk through primary infusion and secondary purchase for a total consideration of USD 32 million. SenseHawk is a provider of SaaS-based management tools for the solar energy generation industry. It helps accelerate solar projects from planning to production by enabling companies streamline processes and use automation. The turnover of SenseHawk for FY 2022, FY 2021 and FY 2020 was USD 2,326,369, USD 1,165,926, and USD 1,292,063 respectively.
From the Venture Intelligence PE-VC Deal Database: Between Sep-18 and Sep-20, SenseHawk had raised over USD 7 M from Alpha Wave Global and Elevation Capital.
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