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Solaron Raises Funding From Indian Angel Network
Solaron, a Big Data based Rating Agency, is in final stages of raising funding from Indian Angel Network (IAN).
Bangalore based Solaron Sustainability Services Pvt Ltd could soon raise, as yet undisclosed amount in funding from IAN. The funds are said to assist the company in hiring new talent and expand overseas, preferably in the United Kingdom (UK). Solaron co-founder Vipul Arora has confirmed the development, but hasn’t offered any more details.
What does Solaron offer? Solarom is essentially a Big Data and cloud-based rating agency which offers ESG (Environmental, Social and Corporate Governance) services to international institutional investors. Besides ESG, Solaron also offers independent research and corporate analysis capabilities to the investment community. The company hasn’t set any physical boundaries and is open to conduct the research anywhere. Owing to the team’s on-the-ground investment driven research, Solaron is able to provide information via primary and direct data collection. This helps to directly reduce the investment community’s dependence on publicly available information.
With its team of 80 analysts, Solaron is able to offer its services in 25 languages and currently works for investment groups from areas as diverse as Middle East, Oceania, Americas, Europe, Africa and Asia. The company claims to have offered its services to more than 6000 companies and will soon have established its prowess in more than 150 countries across the world.
The most interesting aspect that makes this company different from others is the method of data collection, retention and tariffs. The company prefers to collect data online as well as offline and charges an annual database subscription fee from the clients. This helps the clients get updated information on their consoles without having to routinely check for updated data with the investigating company.
Solaron’s expertise lies in the proprietary ESG framework that is used to identify exactly how responsible a company has been with its resources, customers, employees, suppliers, regulators and the society. The traditional research does not look into these kinds of details and here is where Solaron comes into the picture, explained Vipul.
Source | techcircle
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Source: http://www.watblog.com/2014/03/29/solaron-raises-funding-from-indian-angel-network/
