Greenlight Planet raises USD 2.36 million
Greenlight Planet Tuesday said it has raised USD 2.36 million (about Rs 16.5 crore) for its off-grid solar projects in the country, through support of Trine, a Swedish investment company that enables individuals to invest sustainably.
For the first time Greenlight Planet has sourced debt financing from individuals by connecting with 1,822 investors to fully fund the USD 2.36 million loan, the company said in a statement issued here.
The company plans to utilise the funds to provide 5.6 lakh people with electricity while reducing an estimated 1.28 lakh tonne of carbon emissions as fossil fuels can be replaced with solar energy.***** GroupM elevates South Asia COO Prasanth Kumar as CEO
GroupM, part of global advertising conglomerate WPP group, Tuesday said it has elevated its South Asia Chief Operating Officer Prasanth Kumar as Chief Executive Officer.
He will take over from Sam Singh, who is leaving GroupM to take on a senior role at ByteDance, a technology company specialising in