Indian Energy Exchange

Oil & Energy Electrical Distribution Energy Renewable Energy

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New Delhi, Delhi, IndiaFounded 2008210+ employees$501.5M raisedIPOIEX

Last round: private equity · $458.7M · Oct 2017(5 rounds total)

Founded by Nitin Sabikhi

Backed by(10 investors)

Motilal Oswal Private EquityTVS Capital FundsBessemer Venture PartnersLightspeed India PartnersBirla Sun Life InsuranceNomuraSBI Mutual FundICICI Prudential Mutual FundMultiplesGlobal Environment Fund Management

The Indian Energy Exchange (IEX) is India's premier Power Exchange providing a nationwide, automated trading platform for physical delivery of Electricity, Renewable Energy, and Certificates. The Exchange Platform enables efficient price discovery and increases the accessibility and transparency of the Power Market in India while also enhancing the speed and efficiency of trade execution. Today, 7,900+ Participants located across 28 States and 8 Union Territories comprising 60+ DISCOMs, 800+ Conventional Generators, 2,100+ RE Generators and 4900+ Industries are leveraging the Exchange Platform to manage their power portfolio in the most competitive and efficient way.