Repos Energy, a startup in the energy distribution industry, wants to raise Rs 100-300 crore in a Series A fundraising round for technology development and to expand geographically, according to Co-Founder Aditi Bhonsale Walunj. According to her, the company is in talks with both VC and private equity investors and anticipates raising the necessary funds in the next six to eight months.

The Pune-based company, which provides diesel-dispensing machines for door-to-door delivery of fuel to business consumers, has so far raised Rs 50–60 crore in both equity and debt, according to Walunj. "Going ahead we are planning to raise around Rs 100-300 crore in our Series A round depending upon the right valuation that we get and the requirement at that time", Walunj stated.

According to her, negotiations are currently being held with all of them about how to raise finance, which might come from VCs, PE funds, HNIs, or through a strategic partnership. The money will be used for a variety of things, including expanding geographical reach, building technology, and other things. We are hoping to raise this within the next six to eight months.

The company, she claimed, generated topline revenue of Rs 72 crore in fiscal year 2022–2023 and anticipates more than doubling that figure to Rs 180 crore by March of the following year. "Our financial performance in the first two quarters of this year has been very good and it is in line with what we are planning to do to grow the business further", Walunj stated.