When was Greenway founded?

Greenway was founded in 2010 and raised its 1st funding round 3 years after it was founded.

Where is Greenway located?

Greenway is headquartered in Mumbai, India. It is registered at 301, CHAWLA COMPLEX SECTOR-15, CBD BELAPUR, Thane, NAVI MUMBAI, Maharashtra, India, 400614.

Who is the current CEO of Greenway?

Ankit Mathur of Greenway. They have also founded 3 companies.

Which legal entities is Greenway associated with?

Greenway is associated with GREENWAY GRAMEEN INFRA PRIVATE LIMITED.

How many employees does Greenway have?

As of Jan 31, 2025, Greenway has 91 employees, reflecting a 30% year-over-year decline in headcount.

Is Greenway a funded company?

Greenway is a funded company, having raised a total of $2.57M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 19, 2013.

How much is Greenway worth?

The latest valuation of Greenway is $***** as of Dec 29, 2015.

When was the latest funding round of Greenway?

Greenway's latest funding was a $***** Series A round on Dec 29, 2015, with participation from 3 investors. Its primary sector is Household Durables. In India, the Household Durables sector has seen $25.8M in funding in 2026 to date.

What is the annual revenue of Greenway?

Annual revenue of Greenway is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Greenway rank among its competitors?

Greenway ranks 1st amongst 5 active competitors, only 1 of which is funded. Greenway, which secured $2.5M in Dec, 2015.

Who are the top competitors of Greenway?

Greenway's top competitors include Suryaflame, Earthfit and Shri Ram Appliance. Among them, Greenway secured the most recent funding round in December, 2015.

Greenway - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Greenway Grameen aims to create BoP products for rural consumers that are low cost as well as pro-health and productivity and environmentally friendly. The company's flagship product the Greenway Smart Stove forms an ideal replacement for traditional mud stoves used by over 3 billion people worldwide, delivering 65% fuel savings and 70% smoke reduction. In May 2014, the organization was awarded the International Ashden Award. The company is a part of UnLtd India. Raises $2.5M from Acumen, Vikram Gandhi and Pramod Bhasin in Feb 2016

Website: www.greenwayappliances.com/
Social
Email ID: *****@greenwayappliances.com
Phone Number: +91 **********
Registered Address: 301, CHAWLA COMPLEX SECTOR-15, CBD BELAPUR, Thane, NAVI MUMBAI, Maharashtra, India, 400614

Key Metrics

Founded Year

2010

Location

Mumbai, India

Stage

Series A

Total Funding

$2.57M in 2 rounds

Latest Funding Round

Series A, Dec 29, 2015, $*****

Post Money Valuation

$***** as on Dec 29, 2015

Investors

Acumen & 10 more

Ranked

1^st among 5 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

91 as on Jan 31, 2025

Similar Companies

Charnwood & 29 more

View Greenway's full profile

Greenway is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
GREENWAY GRAMEEN INFRA PRIVATE LIMITED CIN: U70102MH2010PTC210549 , India, Active	Dec 02, 2010	₹50 - ₹100 Cr (As on Mar 31, 2025)	73 (As on Aug 01, 2025)

Greenway has raised a total funding of $2.57M over 2 rounds. Its first funding round was on Oct 19, 2013. Its latest funding round was a Series A round on Dec 29, 2015 for $*****. 3 investors participated in its latest round. Greenway has 7 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Greenway:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 29, 2015	6225830	Series A	1078932	7417182	8752535	7721691
Oct 19, 2013	7212526	Seed	7799421	8861683	Sunder Hemrajani & 1 more	2589025

Access funding benchmarks and valuations. Sign up today!

View details of Greenway's funding rounds and investors

The founders of Greenway are Neha Juneja and Ankit Mathur. Ankit Mathur is the CEO of Greenway.

Here are the details of Greenway's key team members:

Neha Juneja: Co-Founder of Greenway and founder of 3 other companies, EquiRize, IndiaP2P and JumpStream Technologies. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 3 email addresses and 1 phone number
Ankit Mathur: Co-Founder & CEO of Greenway and founder of 1 other company. They serve on the boards of 2 companies.
Contact Info: 1 phone number

Greenway's Board of Directors

Greenway's board has 2 active members. Ankit Mathur and Mohammed Shoeb Kazi are part of team.

Here is the list of Greenway's board of directors:

Name	Type	Representing	Status	Duration
Ankit Mathur	Team	-	Current	4y 7m
hkwe{dt	Team	-	Current	4y 6m

View details of Greenway's Founder profiles and Board Members

Greenway's employee count trend

Greenway has 91 employees as of Jan 25. The total employee count is 30.0% lower than what it was in Jan 24. Here is Greenway's employee count trend over the years:

Uncover Greenway's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Greenway include Suryaflame, Earthfit and Shri Ram Appliance. Here is the list of Top 10 competitors of Greenway, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Greenway 2010, Mumbai (India), Series A	Eco friendly smart stove appliances	$2.57M	Caspian Debt, Asha & 9 others	44/100
2nd	Suryaflame 1980, Delhi (India), Unfunded	Provider of gas stove	-	-	25/100
3rd	Earthfit 2022, Pune (India), Unfunded	Brand that provides affordable and healthier cookstoves to the poor and marginalized section of society	-	-	25/100
4th	Shri Ram Appliance 2004, Panipat (India), Unfunded	Retailer of major appliances, small appliances, and appliance replacement parts	-	-	16/100
5th	Anjali Kitchen Appliances 1997, Delhi (India), Unfunded	Manufacturer of various steel stoves and related kitchen appliances parts	-	-	16/100
6th	Ravi Modern Stove 2022, Coimbatore (India), Deadpooled	Internet first brand of kitchen stoves	-	-	15/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Greenway's competitors? Click here to see the top ones

Founders (largest shareholder) own 81.71%, Funds own 10.11%, Angels own 3.88% and Other People own 4.30%. The net worth of Greenway's founders is INR 62.2Cr as of Dec 29, 2015.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	81.71%	62.2Cr	4234523	8622835	9454572	1919091
Ankit Mathur	7216835	9910248	7356891	2993466	4595528	3615559
Neha Juneja	7135393	7945188	6084817	3056435	9067032	7249497
Fund	10.11%	7.69Cr	5456899	9262587	9273432	8935911
Acumen	5484965	3918970	3353539	1062520	2104536	2264905
Angel	3.88%	2.95Cr	280	179	365	705
Vikram Gandhi	7	2	8	8	2	4
Other People	4.30%	3.27Cr	5848	1760	8232	6303
Total	100.00%	76.1Cr	2919092	4253588	9198739	7863928