Artha Energy Resources - About the company
Artha Energy Resources is a series A company based in Mumbai (India), founded in 2013 by Anirudh A Damani and Nitish Mehta. It operates as a Platform for mapping renewable energy generation assets. Artha Energy Resources has raised $11.5M in funding from investors like DSP Mutual Fund, Snow Leopard Ventures and M C Davar Holdings, with a current valuation of $*****. The company has 1068 active competitors, including 32 funded and 38 that have exited. Its top competitors include companies like CleanMax, InSolare Energy and Roofsol Energy.
Company Details
Platform for mapping renewable energy generation assets. The platform provides solutions for solar, wind, and hydro energy projects and provides financing solutions. It enables engineering, procurement, and construction firms, developers, investors, and technology partners in the renewable energy sector. It offers services for solar and wind energy projects. It represents buy- or sell-side clients, providing end-to-end services including deal origination and asset transfer.
- Website
- artha.energy
- Social
- Email ID
- *****@artha.energy
- Phone Number
- +91 **********
- Registered Address
- A-902, Marathon Futurex, Mafatlal Mills Compound, N. M. Joshi Marg, Lower Parel, Mumbai, Delisle Road, Mumbai, Mumbai, Maharashtra, India, 400013
Key Metrics
Founded Year
2013
Location
Mumbai, India
Stage
Series A
Total Funding
$11.5M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on Dec 26, 2024
Investors
Ranked
26th among 1068 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
127 as on Aug 31, 2026
Similar Companies
Legal entities associated with Artha Energy Resources
Artha Energy Resources is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ARTHA INDIA HOLDINGS PRIVATE LIMITED CIN: U66309MH2013PTC248981 , India, Active | Oct 08, 2013 | 0 - ₹10 Cr (As on Mar 31, 2025) | 41 (As on Apr 30, 2025) |
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Artha Energy Resources's funding and investors
Artha Energy Resources has raised a total funding of $11.5M over 6 rounds. Its first funding round was on Nov 10, 2023. Its latest funding round was a Series A round on May 03, 2024 for $*****. 10 investors participated in its latest round. Artha Energy Resources has 10 institutional investors and 23 angel investors.
Here is the list of recent funding rounds of Artha Energy Resources:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 03, 2024 | 8657207 | Series A | 9024609 | 8198170 | 9998433 | 4688535 |
Apr 08, 2024 | 2023848 | Angel | 5030395 | 2857079 | 7341444 | 1720516 |
Feb 01, 2024 | 4030729 | Angel | 1195743 | 9923469 |
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Artha Energy Resources' founders and board of directors
Founder? Claim ProfileThe founders of Artha Energy Resources are Anirudh A Damani and Nitish Mehta.
Here are the details of Artha Energy Resources' key team members:
- Anirudh A Damani: Co-Founder of Artha Energy Resources. They are also an angel investor in 11 startups and serve on the boards of 6 companies.Contact Info: 3 email addresses and 2 phone numbers
- Nitish Mehta: Co-Founder of Artha Energy Resources and founder of 4 other companies, including ArthaWind Share, Artha Energy Resources and Artha Energy Resources. Contact Info: 1 email address
Artha Energy Resources' Board of Directors
Artha Energy Resources's board has 2 active members. Anirudh A Damani is part of team and Ashokkumar Kishorilal Damani is independent board member.Here is the list of Artha Energy Resources' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 12y 9m | |
Independent board member | - | Current | 12y 11m |
View details of Artha Energy Resources's Founder profiles and Board Members
Artha Energy Resources' employee count trend
Artha Energy Resources has 127 employees as of Aug 26. Here is Artha Energy Resources's employee count trend over the years:
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Artha Energy Resources's Competitors and alternates
Top competitors of Artha Energy Resources include CleanMax, InSolare Energy and Roofsol Energy. Here is the list of Top 10 competitors of Artha Energy Resources, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of solar energy projects | $265M | 75/100 | ||
2nd | InSolare Energy 2008, Bengaluru (India), Series B | Provider of renewable energy solutions, including solar, wind, and hydrogen | $19.5M | 70/100 | |
3rd |  Roofsol Energy 2016, Mumbai (India), Series B | Developer of solar energy projects and provider of engineering services | $63.8M | 67/100 | |
4th | Fourth Partner Energy 2010, Hyderabad (India), Series D | Provider of commercial solar installations and hybrid energy solutions | $564M | 66/100 | |
5th | Tata Power 1919, Mumbai (India), Public | Provider of electricity generation, transmission, and distribution services | - | 65/100 | |
6th | Provider of solar EPC and green hydrogen solutions | $9.09M | 64/100 | ||
7th | Swelect Energy Systems 1984, Chennai (India), Public | EPC services for installation of solar farms | - | - | 64/100 |
8th |  Freyr Energy 2014, Hyderabad (India), Series B | Developer of solar energy projects | $13.8M | 63/100 | |
9th |  Sterling And Wilson 1927, Mumbai (India), Public | Provider of engineering, procurement, and construction services for diverse projects | $50M | 60/100 | |
10th | Provider of integrated energy solutions | $368M | 60/100 | ||
26th |  Artha Energy Resources 2013, Mumbai (India), Series A | Platform for mapping renewable energy generation assets | $11.5M | 52/100 |
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Artha Energy Resources's Latest cap tables and shareholding
Founders (largest shareholder) own 35.17%, Funds own 16.22%, Parent Entities own 26.48% and Enterprises own 9.93%. The net worth of Artha Energy Resources's founders is INR 148Cr as of Dec 26, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 35.17% | 148Cr | 4248061 | 6019706 | 7655261 | 5408830 |
5745824 | 4676264 | 6622022 | 3697651 | 7513965 | 3248704 | |
Fund | 16.22% | 68.3Cr | 6472231 | 4296904 | 5115061 | 4663632 |
3297100 | 1296651 | 9232594 | 6953059 | 8021246 | 5689899 | |
6 | 6 | 8 | 1 | 7 | 7 | |
Parent Entity | 26.48% | 111Cr | 7128942 | 9794252 | 8431470 | 4972696 |
Enterprise | 9.93% | 41.8Cr | 9073821 | 5616266 | 1346118 | 3256621 |
Angel | 4.59% | 19.4Cr | 5642 | 7028 | 9286 | 2085 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
ESOP Pool | 7.49% | 31.5Cr | 6526797 | 6868472 | 8529515 | 6991131 |
Other Investors | 0.11% | 44.9L | 0 | 0 | 0 | 0 |
Total | 99.99% | 421Cr | 5883543 | 6381536 | 4862621 | 2758321 |
To unlock detailed Cap Table of Artha Energy Resources Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Artha Energy Resources's Shareholding
Artha Energy Resources's Investments and acquisitions
Artha Energy Resources has not made any acquisitions yet. Artha Energy Resources has made 20 investments.Here is the list of latest three $investments:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 29, 2023 | Investments | 2015 | Delhi (India) | |
Mar 05, 2020 | Investments | 2015 | Mumbai (India) | |
Nov 15, 2019 | Investments | 2019 | Madhubani (India) |
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Reports related to Artha Energy Resources
Here is the latest report on Artha Energy Resources's sector:
News related to Artha Energy Resources
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•
•
Artha Energy launches Fintech platform for investing in Renewable assetsBusiness Standard•Jan 12, 2022•Artha Energy Resources
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