SolarSquare raises $40 mn in India's largest solar venture round

Solar installation startup SolarSquare raised $40 million (over ₹330 crore) in its Series B funding round, making it largest venture capital raise in Indian solar space. Lightspeed Venture Partners led the round, which also saw participation from existing investor Zerodha co-founder Nithin Kamath’s Rainmatter. Capital raised will expand startup's presence from 20 to 50 cities in next two years.