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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The rooftop solar solutions provider, in its quest for scale, is overpromising and underdelivering on projects, leaving a trail of very angry homeowners
Editor's note: Half an hour into the call, the man finally dropped his guard. It felt like a levee had broken and the water had come gushing out. “We were so inundated with complaints, it was difficult to track them all. That’s what used to happen, at least till last year when ZunRoof changed its model,” he said. “There were cases of miscommunication, overpromising and underselling, problems in execution, numerous complaints of delays, even fraud,” he added for good measure. The man here is a government official whose department works closely with the Energy Efficiency and Renewable Energy Management Centre, the Delhi government’s nodal agency for rooftop solar projects and responsible for promoting renewable energy, energy efficiency and energy conservation. ZunRoof (ZunRoof Tech Pvt. Ltd) is a Gurugram-based rooftop solar solutions provider and currently offers its services in over 70 cities across 11 states in India. It was launched in 2016, and claims to have an installed capacity of 16MW across 4,500 residential rooftops. It has raised $4.7 million across five rounds of funding. “ZunRoof would get orders from customers and hire a third-party …
The rooftop solar solutions provider, in its quest for scale, is overpromising and underdelivering on projects, leaving a trail of very angry homeowners
Editor's note: Half an hour into the call, the man finally dropped his guard. It felt like a levee had broken and the water had come gushing out. “We were so inundated with complaints, it was difficult to track them all. That’s what used to happen, at least till last year when ZunRoof changed its model,” he said. “There were cases of miscommunication, overpromising and underselling, problems in execution, numerous complaints of delays, even fraud,” he added for good measure. The man here is a government official whose department works closely with the Energy Efficiency and Renewable Energy Management Centre, the Delhi government’s nodal agency for rooftop solar projects and responsible for promoting renewable energy, energy efficiency and energy conservation. ZunRoof (ZunRoof Tech Pvt. Ltd) is a Gurugram-based rooftop solar solutions provider and currently offers its services in over 70 cities across 11 states in India. It was launched in 2016, and claims to have an installed capacity of 16MW across 4,500 residential rooftops. It has raised $4.7 million across five rounds of funding. “ZunRoof would get orders from customers and hire a third-party …
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
Pricing constraints and uncertain daily-use demand cast doubt on instant help’s ability to replicate quick commerce.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
Pricing constraints and uncertain daily-use demand cast doubt on instant help’s ability to replicate quick commerce.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
