PGP alumni-led cleantech firm GPS Renewables raises funding from Neev Fund II of SBICap Ventures

Founders Mainak Chakraborty and Sreekrishna Sankar plan to utilize this funding towards R&D as well as the firm’s growth and expansion initiatives. GPS Renewables, a Bangalore-based cleantech firm set up in 2012 by Mainak Chakraborty and Sreekrishna Sankar, has raised Series B funding from Neev Fund II, which is managed by SBICap Ventures, a wholly owned subsidiary of SBI Capital Markets Limited.