Waaree Technologies Limited announced that it has received 7,083,339 common shares of par value, INR 10 at a price of INR 12 per share for gross proceeds of INR 85,000,068 on July 3, 2021. The transaction included participation from 16 investors including Hitesh Chimanlal Doshi for 898,933 shares, Viren Chimanlal Doshi for 1,633,867 shares, Pankaj Chimanlal Doshi for 1,633,867 shares and other investors. The transaction has been approved by board of directors of the company and is still subject to approval of shareholders of the company.