Green energy firm Serentica Renewables secures $250 million from KKR

Sterlite Power-backed firm to look at data centres, pharma cos, export industries for growth

Shreya Jai New Delhi

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Sterlite Power-backed Serentica Renewables, which would cater to commercial and industrial consumers, has raised $250 million from investment firm KKR in its second round of funding from the latter.
Serentica, which was launched in July last year, raised $400 million from KKR late last year from its Asia Infra Fund.
Speaking to Business Standard, Pratik Agarwal, director, Serentica, said last year’s fundraise was through straight equity with a small amount of preference capital, which was for phase one of the business. 

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First Published: Apr 30 2023 | 6:04 PM IST

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