Former Indian cricket captain MS Dhoni has invested in residential rooftop solar startup SolarSquare through his family office, Midas Deals, as part of the company’s recently announced $53 million (around ₹510 crore) Series C funding round. Alongside the investment, Dhoni will also become the company’s brand ambassador, reinforcing SolarSquare’s efforts to accelerate the adoption of rooftop solar systems across Indian households.
The investment comes shortly after SolarSquare secured the Series C round led by B Capital, with participation from existing investors including Lightspeed, Lowercarbon Capital, Good Capital, Rainmatter, and others. The fresh capital will support the startup’s nationwide expansion, technology development, financing solutions, and customer service capabilities.
MS Dhoni Joins SolarSquare as Investor and Brand Ambassador
SolarSquare said Dhoni has invested through his family office Midas Deals as part of the Series C financing.
Beyond providing capital, Dhoni will also represent the brand, helping the company raise awareness about residential rooftop solar adoption across India.
The partnership combines one of India’s most recognizable sporting personalities with a startup aiming to make clean energy more accessible for homeowners.
Investment Overview
| Particular | Details |
|---|---|
| Investor | MS Dhoni (via Midas Deals) |
| Company | SolarSquare |
| Funding round | Series C |
| Round size | $53 million (≈₹510 crore) |
| Additional role | Brand Ambassador |
$53 Million Funding to Fuel Nationwide Expansion
The Series C round was led by B Capital, with participation from both new and existing investors.
SolarSquare plans to deploy the fresh capital to:
- Expand into 30–40 new cities.
- Strengthen its technology platform.
- Broaden financing options for homeowners.
- Enhance customer service infrastructure.
- Accelerate rooftop solar adoption across India.
Planned Use of Funds
| Focus Area | Objective |
|---|---|
| Geographic expansion | Enter 30–40 additional cities |
| Technology | Improve platform capabilities |
| Financing | Expand consumer financing options |
| Customer support | Strengthen post-installation services |
| Market development | Increase residential solar adoption |
SolarSquare’s Growing Presence in Residential Solar
Founded by Shreya Mishra, Neeraj Jain, and Nikhil Nahar, SolarSquare provides end-to-end rooftop solar solutions for homeowners.
Its offerings include:
- Solar consultation.
- System design.
- Installation.
- Financing assistance.
- Monitoring.
- After-sales maintenance.
The company says it has already installed rooftop solar systems in more than 50,000 homes across 29 cities.
Company Snapshot
| Metric | Details |
|---|---|
| Sector | Residential rooftop solar |
| Homes served | 50,000+ |
| Cities | 29 |
| Services | Consultation, installation, financing, monitoring, maintenance |
Valuation Nearly Doubles After Series C
According to regulatory filings analyzed by Entrackr, the funding round values SolarSquare at approximately $470 million (around ₹4,500 crore) on a post-money basis—nearly double its valuation from the previous Series B round.
The company has now raised more than $90 million in funding over the past two years, reflecting growing investor confidence in India’s residential clean energy market.
Funding Snapshot
| Metric | Details |
|---|---|
| Series C raised | $53 million |
| Post-money valuation | ~$470 million |
| Total capital raised (last two years) | $90+ million |
| Lead investor | B Capital |
Why Dhoni’s Investment Matters
Dhoni’s participation adds more than capital to SolarSquare’s growth story.
His investment and brand association could help the company:
- Increase consumer awareness of rooftop solar.
- Build trust among homeowners.
- Strengthen brand visibility nationally.
- Support customer acquisition in new markets.
Celebrity-backed investments have become increasingly common in India’s startup ecosystem, particularly in consumer-facing businesses where public trust plays an important role.
Looking Ahead
MS Dhoni’s investment in SolarSquare marks another high-profile endorsement of India’s fast-growing clean energy ecosystem. By joining the startup as both an investor and brand ambassador, Dhoni is expected to help SolarSquare expand its reach as it works to bring residential rooftop solar to more households across the country.
Backed by a $53 million Series C round, a post-money valuation of around $470 million, and plans to expand into 30–40 new cities, SolarSquare is positioning itself for its next phase of growth. As demand for renewable energy solutions continues to rise, the company aims to leverage fresh capital, technology investments, and stronger brand recognition to accelerate the adoption of rooftop solar in India.
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