AblePlus

Mumbai, India Founded: 2016 • Age: 10 yrs Acquired By OYO
Developer of IoT enabled solution for the hospitality sector
Annual revenue $38,373 Latest available
Total funding - Funding intelligence
Employees - Tracked headcount
Investors 1 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About AblePlus

AblePlus is a company based in Mumbai (India) founded in 2016 by Akash Goel was acquired by OYO in July 2018. AblePlus operates in a competitive market with competitors including Fourth, Knowcross, ALICE, Quietyme and 1Check, among others.

  • Headquarter Mumbai, India
  • Founders Akash Goel
  • Sectors
    Technology
    Travel & Hospitality
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Ableplus Solutions Private Limited
  • Date of Incorporation 10 Jan, 2017
  • Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Technology → Internet of Things (IoT) & Connectivity Unlock Sub-Sector Unlock Segment
Travel & Hospitality → Hospitality, Lodging & Accommodation Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $38.37 K (USD)
    443.78
    as on Mar 31, 2018
  • Net Profit
    -$1.62 K (USD)
    -11100.49
    as on Mar 31, 2018
  • EBITDA
    -$1.62 K (USD)
    -4529.66
    as on Mar 31, 2018
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    Not available
  • Acquired by
    OYO

    (Jul 10, 2018)

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Funding Insights of AblePlus

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Investors in AblePlus

AblePlus has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include OYO.

All
Institutional
Investor Description Founded Year Domain Location
Online marketplace for booking accommodations is operated.
Locked Locked Locked
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Investor details for AblePlus

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Investments & Acquisitions by AblePlus

Investments
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Investment portfolio details for AblePlus

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Financial Statements - AblePlus

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Ableplus Comparisons

AblePlus Primary company
Description
Developer of IoT enabled solution for the hospitality sector
Location
Mumbai, India
Founded Year
2016
Annual Revenue
$38.37 K (USD)
Net Profit
-$1.62 K (USD)
EBITDA
-$1.62 K (USD)
Employees
Not available
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Peer comparison for AblePlus

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Competitors of AblePlus

AblePlus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fourth, Knowcross, ALICE, Quietyme and 1Check, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Cloud-based supply chain and HR solutions for hospitality are offered.
Locked Locked Locked
Web-hosted hotel management software
Locked Locked Locked
AI-based software for construction planning and scheduling is offered.
Locked Locked Locked
Noise monitoring and reporting system
Locked Locked Locked
Provider of web-based operations management solution for hotel & other accommodations
Locked Locked Locked
Operations management software for hospitality housekeeping and maintenance is provided.
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Detailed competitors of AblePlus

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Latest news on Ableplus

OYO acquires AblePlus for undisclosed amount
Economictimes8 years ago
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Complete news archive for AblePlus

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Frequently Asked Questions about AblePlus

AblePlus was founded in 2016.

AblePlus is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Akash Goel is the current CEO of AblePlus. They have also founded this company.

Annual revenue of AblePlus is $38.37K as on Mar 31, 2018.

AblePlus was founded in 2016 in Mumbai, India, with a focus on the hospitality sector. Internet of Things-enabled solutions are provided, incorporating components such as occupancy detection sensors, smart locks, and smart switches. A voice user interface software is offered to automate processes including food order acceptance and room service requests. Operations center on integrating these technologies for sector-specific applications.

AblePlus's top competitors include Fourth, Knowcross and ALICE.

AblePlus has 1 investor. Key investors include OYO.

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