Tech Company Financing Transactions
Matrix Gas & Renewables Funding Round
On 3/5/2024, Matrix Gas & Renewables raised $42.2 million in investment from Blue Lotus Capital, private investors and NAV Capital Emerging Fund.
Transaction Overview
Company Name
Announced On
3/5/2024
Transaction Type
Venture Equity
Amount
$42,240,000
Round
Undisclosed
Investors
private investors (Gunavanth Vaid)
private investors (Sunil Singhvi)
Proceeds Purpose
With the current capital raise, Matrix is now well positioned to accelerate its growth initiatives towards expanding market share for the gas aggregation business, acquiring City Gas Distribution (CGD) assets, and funding the ongoing capital expenditure plan.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
A/1501, West Gate Business Bay, S.G Highway Makarba
Ahmedabad, Gujarat, 380051
India
Ahmedabad, Gujarat, 380051
India
Phone
Website
Email Address
Overview
Matrix Gas & Renewables Limited is well positioned in India's energy landscape to contribute significantly to the country's growing energy demand, through a steady supply of natural gas from diverse sources at competitive prices. With a team comprising experienced professionals, we bring deep expertise in the gas business in India, enabling us to provide reliable and innovative solutions to our valued customers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Anmol Jaggi
Chief Executive Officer
Chirag Kotecha
Browse more venture capital transactions:
Prev: 3/5/2024: Lakmoos venture capital transaction
Next: 3/5/2024: Aequum Capital venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to record every notable VC transaction. VC investment data records on this site come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs