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Google Play Games for PC program expands to the US and seven other countries • ZebethMedia

Google is expanding its Google Play for PC program to eight more countries including the U.S., Canada, Mexico, Brazil, Indonesia, Philippines, Malaysia and Singapore in open beta. That means all players in these regions with Windows systems that meet the minimum requirements can access Google Play on a desktop computer. The company first launched the program under a limit test in South Korea, Hong Kong, Taiwan, Thailand and Australia. Later in August, it expanded it to all players in these countries in open beta. Google added that in the last couple of months it has added popular titles like “1945 Air Force,” “Blade Idle,” “Cookie Run: Kingdom,” and “Evony: The King’s Return” to the program with more games to be added soon. In August, Google also restructured the minimum requirements for systems that can run Google Play for PC. Originally, Google required an eight-core CPU, a “gaming-class GPU” and 20GB of available storage space. With the reduced requirements, users need a four-core CPU, an integrated GPU and 10GB of free storage on the system. Minimum system requirements for running Google Play Games on Windows Image Credits: Google “We’re thrilled to expand our platform to more markets for players to enjoy their favorite games on Google Play. As we move towards a full release, we will continue to add new features and evaluate developer and player feedback,” Arjun Dayal, Director, of Google Play Games said in a blog post. With this program, Google has made it possible for players can use their mouse and keyboard for inputs. Notably, it also started testing support for these inputs for Android games on ChromeOS in September. In a separate project, Microsoft has been working with Amazon to bring Android apps to Windows 11. In August, the company expanded this preview feature to users based in Japan. On the other hand, despite announcing the shutdown of its Stadia cloud gaming service, Google is still concentrating on bringing gaming to more players. In October, it introduced new Chromebooks tuned for cloud gaming with hardware makers like Acer, Asus and Lenovo.

Privilège Ventures launches $20M fund investing in women-led startups • ZebethMedia

Lugano, Switzerland-based venture capital fund Privilège Ventures just launched its fourth fund. The CHF 20 million (just over $20 million) fund is earmarked for women-led early-stage startups across Europe. “We don’t just want to support women,” Jacqueline Ruedin Rüsch, founding general partner at Privilège Ventures said in an interview with ZebethMedia. “The data shows women in the driver’s seat produce better ROI.” The firm says that its investment thesis is based on the statistical evidence that women perform better than men in leadership roles. “The numbers are staggering. It’s not just about being ethical and doing good: global GDP would grow 6% if rates of entrepreneurship were equal between men and women,” said Lucian Wagner, Privilège Ventures founding general partner in a press statement. The firm’s thesis is backed up by research from Boston Consulting Group on investment and revenue data over a five-year period. The study also showed that startups founded and co-founded by women received less than half the average investments made into companies led by men, even though the female led startups generated 10% more revenue over time. “There are very few funds worldwide dedicated to backing female founders, and despite the rapid growth in the VC industry the percentage of female or gender-diverse-led teams is falling,” said Rüsch. “I started my professional life in the banking sector in Switzerland: this was, and partially still is, a very male-driven sector. I became used to being one of the few females in big conference rooms and I didn’t even pay any more attention to it. But when I got pregnant the first reaction from my senior colleagues was, ‘When will you stop working?’ This was quite shocking, I must admit.” As Alex reported back in July, PitchBook data suggests that the percentage of venture capital deals that included at least one woman founder fell from 19.4% to 18.2%. In Europe, the numbers are even more dire. Privilège suggests that in Europe, female founders receive barely 1% of total VC investments. Privilège Ventures’ LPs are mainly high net-worth individuals and family offices, the firm says, and the fund aims to write 15-20 early-stage checks, with initial investments in the $250,000 range. “I really like to invest in founders at the very beginning of their journey. Often we meet them even before they have incorporated their company and we track them, coach them and see how they take their first steps in the entrepreneurial journey. Given our focus in seed stage, we feel it is key to be as close as possible with our companies and for this reason we have a preference for our local market, Switzerland, and the surrounding European countries,” Rüsch explains. “We are not specialized in a specific sector but we have some preferences, namely in med\tech, deep tech and in general for the digital economy. We like to enter as soon as possible, even pre-seed, and are happy to continue investing in the best companies up to Series A.” The firm says it would love to see more companies trying to solve “real” problems — solutions that can save lives, preserve the planet and products that are not just “nice to have” but are “must-have.” “Our overall portfolio already counts over 30% of companies with a female co-founder. As we aim to invest only in top-performing teams, we need to guarantee a strong deal flow and for this reason, we will look not only to Switzerland but to Europe as well with a higher focus on certain countries such as Italy, France and Germany, being closer to us,” says Rüsch, explaining why investing specifically in women continues to make sense for the fund. “Some will point to the simple fact that having different viewpoints in the room leads to more thoughtful decision-making — some will point to women having battled through a lot of hassles to get where they are. We see firsthand that women are driven to tackle problems that have been overlooked in tech — but can have a profound impact on the world. We already have startups in our portfolio with female founders or leaders working on using neurotech to improve sleep, fungicides to improve food and biomarkers to continually measure proteins and hormones to prevent and monitor health conditions, just to name a few.”

Satellite startup Constellr wins backing to build out its water-monitoring platform • ZebethMedia

We are living in the era of so-called microsatellites, which are equipped with thermal cameras and other regalia to, for instance, alert farmers before crops are damaged, predict droughts, and aid in the juggling of supply chains. Climate change is making less land available for agricultural food production, leading to strict regulations on the use of water and fertilizer. Wasted water now costs €220Bn a year, according to some estimates, and is expected to reach a staggering €2Tn by the end of the decade. To tackle this, the Germany-based Constellr satellite startup has now raised $10M in seed funding, co-led by Lakestar and VSquared, with participation from early and new supporters FTTF, IQT, Amathaon Capital, Natural Ventures, EIT Food, OHB Venture Capital, Next Humanity, and Seraphim. This space-based water monitoring system checks the Earth’s surface temperature and, soon, also it’s chemical composition. The platform will also look at water availability across the globe, daily. Constellr will use the cash to develop its first two satellites, which take measurements beyond the infrared wavelengths (8-14 microns) to calculate surface temperature and thus measure water distribution. The investment shows there is ongoing investment in space infrastructure coming out of Germany. Lakestar and Vsquared are also investors in space startup Isar Aerospace, showing that Europe is keeping pace with geographies like the US and China in an era when space sovereignty is more important than ever.

Fintecture wants to replace paper checks or manual transfers for B2B payments • ZebethMedia

Meet Fintecture, a French startup that wants to upgrade B2B payments. While many payment companies have focused on B2C payments with Stripe leading the way, B2B payments haven’t changed much over the years. “In the U.S., there are still a lot of paper checks. In Europe, it’s mostly transfers and manual reconciliation,” Fintecture co-founder and CEO Faysal Oudmine told me. But this underinvestment in the B2B market is weird as those transactions represent a much larger volume than B2C transactions. That’s because the average B2B transaction is much larger — we are talking about tens of thousands or sometimes hundreds of thousands of dollars. In order to provide a product that works better, Fintecture is approaching the market in different ways. There’s no single solution that is going to work for all companies. With its first payment method, Fintecture relies on open banking. The company has signed partnerships with big corporate clients, such as Edenred or Bricoman, so that these companies’ own clients pay them using Fintecture. When they click on a Fintecture link (or scan a QR code in store), they can then connect to their bank account and confirm the transaction from there. The first transaction requires a bit of onboarding, but it’s already easier with the second transaction. 200,000 companies have interacted Fintecture at some point to pay for products or services. They either initiate an instant payment or a normal transfer with an instant confirmation. Fintecture guarantees that the money will arrive on the big company’s bank account eventually. Fintecture created a second method so that customers can pay from their banking interface. Essentially, the startup generates virtual IBANs so that it can automatically reconcile incoming payments. “The payer receives a tracking link that works like a DHL link so that they know what’s the status of their money in the payment flow,” Oudmine said. Fintecture’s third product is a way to let your customers pay in multiple installments. Fintecture takes care of fraud and payment processing so that you don’t have to use a BNPL provider. Instead, companies can unlock a credit line with their banker directly knowing that the money will arrive eventually. It’s usually much cheaper than borrowing money from a BNPL company. Finally, Fintecture can also handles refunds. “Here we have a solution that automates part of the reimbursements with integrated KYC and AML features as well as instant payments,” Oudmine said. Fintecture asks companies to connect to their bank accounts to check their identity directly. Overall, 7,000 businesses collect payments using Fintecture. Around a thousand of them use the product directly while the rest relies on integrations in Pennylane, Libeo, Regate and other fintech products. Fintecture raised a $26 million Series A funding round (€26 million) this year. Investors include Target Global, Eurazeo, RTP Global, Samaipata, Allianz Trade, Société Générale and various business angels. There are currently 80 people working for the startup — and the company plans to hire another 40 employees.

Bump builds a central hub for all your APIs • ZebethMedia

Meet Bump, a French software-as-a-service startup that wants to help you maintain and use APIs across your organization. The company automatically generates documentation for your APIs so that other teams always know how to use certain APIs. Over time, Bump becomes the central repository for all things related to your APIs. It acts as a single source of truth with information that remains up to date and changelogs so that you can see what’s new. This summer, the company raised a $4 million funding round (€4 million) led by Galion.exe and Bpifrance’s Digital Venture fund. Business angels also participated in the round. An API is an application programming interface. Developers use APIs so that two different services or applications can interact with each other. Companies also use APIs for their own internal use cases. By relying on APIs, different teams can work on different parts of the same application. All they have to do is make sure that they are using APIs properly to push changes or fetch information from a different area of the product. And that’s where Bump is particularly useful. APIs break all the time. Development teams change some parameters, add attributes, improve a feature or send a different result than the one expected. “There are even team members that are less technical that use APIs,” co-founder and CEO Sébastien Charrier told me. “Product, developer relationship or marketing people need to know what’s happening.” That’s why Bump has built a documentation generator for APIs. It works with both RESTful and message-driven APIs, which makes it stand out from other solutions that tend to focus on RESTful APIs. You can integrate it in your workflow in many different ways. For instance, you can trigger Bump using a GitHub action, use Bump’s command-line interface in a script, or interact with Bump using Bump’s own API — yes, it’s an API for APIs. The idea is that everyone in the company can start using Bump, even if some teams do things differently. Once all the APIs are documented on Bump, whenever there’s a change, Bump can send notifications and highlight changes compared to the previous version. The result is that Bump becomes the API portal for the entire company. When someone joins the company, they can easily see the logic behind some components just by browsing Bump’s hub. When I talked with Sébastien Charrier, he compared Bump’s approach to GitHub. You can always export your documentation and leave the platform, but the nice thing about Bump is that you can see all the diffs. Up next, the startup wants to turn its product into a collaboration platform. And that’s what’s going to improve the product’s stickiness. So far, 250 companies are actively using the product, such as Meilisearch, Memo Bank, Canopy Servicing and Forto. The startup plans to hire 20 people in the coming months.

WhatsApp officially launches its new discussion group feature, Communities • ZebethMedia

WhatsApp today is officially launching Communities, the new feature offering larger, more structured discussion groups that first entered into testing earlier this year. Designed to help organizations, clubs, schools, and other private groups better communicate and stay organized, Communities bring a number of new features to the messaging platform, including admin controls, support for sub-groups and announcement groups, 32-person voice and video calls, larger file sharing, emoji reactions, and polls. Communities themselves can support groups of up to 1024 users and offer end-to-end encryption. Some of the features developed for Communities, like emoji reactions, large file sharing (up to 2GB)and the ability for admins to delete messages, had already made their way to the WhatsApp platform ahead of today’s launch. Now, the company says polls, 32-person video calls, and larger group sizes will also be supported on WhatsApp more broadly outside of Communities. The new feature may initially draw some comparisons with Facebook Groups as they both support things like sub-groups, file sharing, admin functionality and more. But while Facebook Groups are often used by disconnected strangers who share a common interest, WhatsApp Communities are meant to be used by members who may already be connected in the real world. Unlike on Facebook, WhatsApp is phone number-based, meaning people joining these discussion groups already have some familiarity with one another, as they may have exchanged phone numbers or at least have shared their number with a group admin. However, the phone numbers will be hidden from the wider Community and only made visible to admins and others in the same sub-groups as you. This is meant to balance users’ demand for privacy with the need to allow fellow group members to reach you. For instance, you may not personally know every parent on your kid’s sports team, but you’re likely comfortable interacting with them in a private group setting that may exist as a sub-group of the entire school’s Community. In addition, unlike Facebook Groups which can be discoverable on the platform, WhatsApp Communities are hidden. There will not be a search and discovery feature available — you have to be invited to join. Image Credits: WhatsApp At launch, admins of existing group chats will be able to transition their group to Communities, if they prefer, or they can opt to re-create their group as a Community from scratch. Admins also have the power to add members to the groups or they can send out invite links that allow others to become Community members. Communities are structured with one main announcement group which alerts everyone of the most important messages. But members can only chat in small sub-groups the admin has approved. This can keep members from being bombarded with messages about group happenings and events they’re not connected to. For example, members might create a sub-group for a volunteer project or planning group, where only some people would need to chat. The launch of Communities could challenge other apps that have grown popular for private and large group communications, including Telegram and Signal, as well as standard messaging platforms like iMessage, and apps aimed at organizations or schools like GroupMe, Band, TalkingPoints, Remind, and others. In an announcement, Meta CEO Mark Zuckerberg also stressed the encryption aspects of the Communities feature, saying that the company is “aiming to raise the bar for how organizations communicate with a level of privacy and security not found anywhere else.” “The alternatives available today require trusting apps or software companies with a copy of their messages – and we think they deserve the higher level of security provided by end-to-end encryption,” he said.  Image Credits: WhatsApp There are still concerns that Communities like this could facilitate groups that engage in illegal or dangerous behavior, similar to how Facebook Groups have allowed health and election misinformation to thrive in recent years, stoking the fires that led to events like the January 6 Capitol riot, for instance. WhatsApp’s measures to stop such things seem limited, as the company says it will rely on the available unencrypted information about the Community, like its “name, description and user reports” to determine if action is needed. It says if it finds a group is being used to distribute child sexual abuse material, coordinate violence, or engage in human tracking, it will ban the individual Community members and admins, disband the Community or ban all the Community members, depending on the situation. However, the company did note that messages that have already been forwarded will only be able to be forwarded to one group at a time, rather than five, which is today’s forward limit, in an effort to reduce misinformation’s spread. The company, of course, is also still working to rebuild its reputation on the privacy front after the backlash over its hard-to-understand policy update last year, which caught the eye of some anti-competition authorities and regulatory bodies, including in the EU and India. WhatsApp later added more clarity to its policies and noted the launch of Communities would not require another policy update. Communities have been in testing with over 50 organizations in 15 countries to gain early feedback. In August, WhatsApp confirmed it had rolled out the feature to a small number of testers but didn’t offer a launch date. Today, the feature will begin to roll out to the wider WhatsApp user base, reaching all users worldwide over the next few months on both Android and iOS.

Meet Seoul-based accelerator SparkLabs’ 19th batch of startups  • ZebethMedia

SparkLabs Korea, a Seoul-based seed to early-stage accelerator, held a demo Day on Thursday for its 19th cohort of companies. The latest demo day marks its tenth year after SparkLabs launched its accelerator program in December 2012. The accelerator has backed more than 270 startups since its inception in 2012, co-founder and partner of SparkLabs Eugene Kim told ZebethMedia.  The program has two cohorts a year — one starting in January and the other in June — Kim said, adding that the program is 16 weeks long.    SparkLabs admits 10 to 15 companies per cohort and invests up to $100,000 into each startup in exchange for 6% equity. Kim noted that the investment is made either with a SAFE (simple agreement for future equity) or stock purchase agreement — a decision that is up to the startup to make.  During its program, SparkLabs provides funding, mentorship and access to administrative and legal advisory support for startups. In addition, participating startups get co-working space, will attend weekly classes and have access to four to six mentors who have expertise in various industries, not just in South Korea but global regions.  SparkLabs, a member of the global accelerator network (GAN), has been using international best practices for accelerators from the beginning, Kim said. He added that its partners and mentors are all former entrepreneurs and have global business experience in both the U.S. and Asia.  The accelerator also operates other government-supported programs like TIPS, a tech incubator program for startups in South Korea, and manages later-stage investment funds, Kim noted.  SparkLabs began in Korea to find and help local Korean startups in their seed stage and help them go global. Though the majority are based in Korea, the accelerator gets applicants from other countries looking or planning to enter Korea or Asia, according to Kim.  When asked if SparkLabs Korea is a subsidiary of SparkLabs Group, Kim said it’s not a group structure. Each accelerator entity, such as SparkLabs Korea, SparkLabs Taiwan and SparkLabs Cultiv8, is a separate entity with its own accelerator fund.  Kim said in an interview with ZebethMedia that as the program focuses on early-stage seed startups, some teams pivot or change their business focus as they try to find product market fit (PMF).  “Not all teams end up pitching at demo day. If the teams feel they want to focus on building their traction or PMF, they can choose to pitch at a later demo day,” Kim said. Here’s the list of nine companies in the most recent cohort at SparkLabs. The 19th cohort ends with a demo day on November 3.  Vetflux: A telehealth veterinary platform that provides an artificial intelligence-based chatbot for vet clinics and pet owners. It offers two apps connecting vets with their pet patients. The Vetflux app is for pet owners to get the latest information about pet care, while the other, called Vetflux +, is for vets to organize workflows. Amondycare: Amondycare’s app lets mental health therapists manage their workflows and administrative work from patient appointments to sales. YKring: A social app, Kevin’s Club, helps college students make the most of their college life outside the library or dorms. YKring says it enables users to find out what’s going on in the community to find clubs or a group of people with similar interests to do activities together. YKring, which launched its service in January, claims that it has more than 2,500 users with $35,000 in sales as of October 2022. Its monthly subscription fee is ~$20. DataBean: This startup develops a cooling system for data centers. Its service SmartBox allows for thermal management. Fasket: Fasket is a quick commerce startup that operates an instant grocery delivery business in South Korea.  Gyverse: Gyverse develops a fridge for dry-aged meat using IoT and AI. Users can dry age beef at home by interconnecting Gyverse’s smart devices to its app to monitor the temperature and humidity. Moverse: A 3D motion marketplace that allows users to access and buy 3D motion data sources for the use of metaverse, games, movies, animation and augmented reality. R-Materials: R-Material’s platform, called the Hybrid-generator system, enables solar and wind to convert power sources. MyShop Cloud: An online to offline (O2O) platform that wants to digitize the value chain of dried fish, from wholesale to the retail market. Its service Dasiwoorida, which analyzes the dried fish price and transactions, recommends products for customers. SparkLabs is currently open to applications for its 20th batch program until November 11. The accelerator will finalize its selections in December and looks to start the 20th batch in January.   South Korea, which attracts the third largest amount of venture capital funding in Asia — about $6.45 billion annually — following China and India, currently has 16 unicorns to date.

Twitter cancels its Chirp conference for developers amid management transition • ZebethMedia

Twitter is canceling its Chirp conference for developers amid management transition, the company said late Thursday. After Elon Musk took over the company last month, there have been several executive exits and directional changes in the company’s product strategy. So it is not surprising that social network is abandoning its plan for the conference’s return after more than a decade of hiatus. In a tweet, Twitter’s official account for developer-related announcements said that the company is “hard at work to make Twitter better for everyone, including developers” and it might soon share some news about the topic. We’re currently hard at work to make Twitter better for everyone, including developers! We’ve decided to cancel the #Chirp developer conference while we build some things that we’re excited to share with you soon. — Twitter Dev (@TwitterDev) November 2, 2022 The company’s head of developer products, Amir Shevat, didn’t provide any details about the reason behind canceling the conference and just tweeted “Winds of change” as a reaction to it. In June, Parag Agarwal-led Twitter announced that it’s bringing back the Chirp conference in November. The company also opened up a contest for developers to show creative use cases of its new v2 API with prices like $10,000 for winners of different categories and free access to the enterprise tier of the API for a year. Twitter first held Chirp in 2010 but abandoned the event the next year. While the platform has had a strenuous relationship with developers in the last decade, it was trying to win the community back with new programs and a refreshed API. What’s more, the company opened up API access to academic researchers last year. Earlier this year, it debuted a program called Twitter Toolbox, which highlighted some third-party apps. At that time, Shevat also said that the company was open to exploring models like Twitter’s own app store. Last week, Twitter opened up new endpoints to direct messages through the v2 API that enables third-party apps to provide a better DM experience to users. It’s unclear what Twitter for developers will look like in the Musk era. The Tesla CEO has given indications of engineering-led Twitter multiple times, so developers will hope that they will get better access to the company’s tools.

Tiger Global-backed SaaS startup Chargebee cuts 10% jobs • ZebethMedia

Chargebee, backed by marquee investors including Tiger Global and Sequoia Capital India, has laid off about 10% of its staff in a “reorganization” effort due to ongoing global macroeconomic challenges and growing operational debt. The Chennai and San Francisco-headquartered startup, which offers billing, subscription, revenue and compliance management solutions, confirmed to ZebethMedia that the update impacted 142 employees. “This decision was a difficult one, and we want to first acknowledge and thank the team members who helped us get where we are today. Chargebee has grown exponentially over the last few years, and amid changing market conditions, we have decided to proactively refocus resources to set a strong foundation on which to continue our growth,” said Penny Desatnik, director of corporate communications at Chargebee, in a statement emailed to ZebethMedia. “We will continue to build and strengthen key relationships, and by focusing on efficient growth, we expect to sharpen our go-to-market strategy and operations to meet the rising market demand for subscription services across B2C and B2B businesses. We wish success to our former colleagues and remain committed to the success of our customers and partners around the globe,” Desatnik added. On Wednesday, Chargebee co-founder and CEO Krish Subramanian wrote on a LinkedIn post that the startup had changed its hiring plan to align with priorities owing to the macroeconomic factors and started reducing its expenses across various areas including tools, consulting and contractors due to a growing gap between revenue and spending. “While the scaling decisions were under our control and responsibility, the economic situation and lack of visibility into the future has made it harder for everyone,” the note said. The affected employees will receive three months of pay and extended medical benefits while they look for new opportunities, he added. The startup will also offer outplacement career services and an extension of time to exercise stock options granted under its stock incentive plan. Chargebee raised $250 million in a Series H round in February — over nine months after earning unicorn status following the $125 million Series G funding in April last year. The startup counts Insight Venture Partners, Sapphire Ventures, Steadview Capital, Tiger Global and Sequoia Capital India among its key backers. Unfavorable economic conditions have impacted several startups and tech companies around the world. In the last few months, Indian startups including Unacademy, Byju’s and Ola have cut their workforces amid a significant dip in the funding. U.S. companies including digital bank Chime, online real estate marketplace Opendoor and lending giant Upstart also recently made similar decisions.

Sacca’s Lowercarbon doubles down on startup bringing solar modules to Indian rooftops • ZebethMedia

Chris Sacca’s Lowercarbon is doubling down on a startup that is racing to bring solar modules to rooftops in India. SolarSquare said on Thursday it has raised $13 million in a Series A funding round led by Lowercarbon and Elevation Capital, just months after securing its seed financing. Existing backers Good Capital, Rainmatter, and social commerce Meesho founders Vidit Aatrey and Sanjeev Barnwal also participated in the round. Even as India is increasingly adding generation capacity from solar power, there’s a large population of the South Asian nation – the individuals – that is yet to join the clean energy bandwagon. Less than 0.5% of Indian homes have rooftop solar systems. Such slow adoption could dampen Prime Minister Narendra Modi’s ambitious renewables goal. SolarSquare, which sells, installs and helps individuals finance solar modules, has an ambitious plan to change that. The startup also provides its solar solutions to housing societies and commercial establishments. SolarSquare says it has solarized close to 5,000 homes in India in the last two years, helping them save about $480 yearly on their electricity bills and offset four metric tons of carbon dioxide emissions. SolarSquare, which pivoted to serving the customer segment two years ago after running a profitable business selling rooftop solar to corporates for years, is currently generating revenue at a runrate of $12 million a year, said Shreya Mishra, co-founder and chief executive of SolarSquare, in an interview with ZebethMedia. “We are on a path of being a full-stack rooftop solutions provider. The market opportunity is so large, you can imagine the trust a middle class homeowner has to have to make a purchase of that size. We are innovating on every aspect of solar modules to serve our customers,” she said. The average ticket size of a purchase of the solar module is about 2 lakh Indian rupees, or $2,410. SolarSquare also helps members with financing options through a network of partners. Mishra said she sees the startup get a license to operate its own nonbanking financial institution to provide better options to its customers in a year. Husband-wife duo Nikhil Nahar and Shreya Mishra and Neeraj Jain (right) founded SolarSquare. “Solar as a product purchase pays for itself. It’s unlike a product like, say, your refrigerator, which is an investment. Once you have put solar modules on your rooftop, you start saving each month. A 2 lakh investment will result in savings of 12 lakh to 14 lakh in 25 years. But there’s a high upfront investment, so once we realized that, it’s clear that we need to bring more financing options to customers,” she said. SolarSquare — which currently has presence in Bengaluru, Delhi, Gujarat, Hyderabad, Madhya Pradesh and Maharashtra— installs its solar panels within hours, compared to some legacy firms that taking up to five days. In some homes, based on customers’ request, it builds an additional ramp for mounting panels. The startup plans to expand across India with the fresh funding. “Solar is now much cheaper and cleaner than digging up and burning old dinosaur bones, so putting it on your roof just makes sense, especially in a part of the world with as much sun as India,” said Sacca in a statement. “But getting panels installed wasn’t always easy. We backed Shreya, Neeraj, and Nikhil because they’ve cracked the code on hassle-free rooftop solar.” Indian firms making inroads with Indian residences will help the South Asian nation’s renewables goal. Coal currently powers 70% of India’s electricity generation, but Modi has pledged that India will produce more energy through solar and other renewables than its entire grid now by 2030. It has taken steps to help startups such as SolarSquare. New Delhi offers subsidies to homeowners who are powered by rooftop solar, allowing them to distribute the excess power they generate to grids throughout the day and use the grid power at night. Mishra praised New Delhi’s efforts on climate change, saying: “India is the first country in the world to make net-metering, this exchange of electricity, policy that makes economics more viable as you’re able to freely trade electricity with the grid. More than 80% of homes are meet 100% of their electricity requirements this way.” “Net-metering is a policy in many parts of the world. In India, it’s a right. A policy is something that can be revised every few years, but a right is a right that is going to stick. This is one of the reasons why we became so bullish on serving the residential solar market in India. As long as net-metering is a consumer right, there is nothing else that is needed.”

business and solar energy