About Absolute
Absolute is an Agriculture company based in Gurugram (India) founded in 2015 by Prateek Rawat and Agam Khare. Biological technologies are developed for agriculture, healthcare, and materials science. It operates on a AgriTech Models and Product-as-a-Service model. Absolute has raised $115.9 million across 6 funding rounds from investors including LetsVenture, Peak XV Partners and Indigram Labs. The company has 410 employees. Absolute was last valued at $500 million in February 2022. Its chief executive, as recorded, is Agam Khare. Its Indian entity Ecso Global Private Limited reported revenue of ₹362 Cr. Absolute offers products and services including Bio Ag, Bio Care, and Bio Materials. Its focus areas include Biotechnology, Agricultural Biotechnology, Climate Adaptive Solutions and Health Biotechnology. Its competitors include IPL Biologicals, Titan Biotech and Univia; 2 of its 3 listed competitors have raised funding.
Company details
Absolute is engaged in deep tech bioscience research aimed at decarbonizing agriculture, advancing sustainable health and personal care solutions, and developing climate-positive materials. Operations span multiple sectors including agriculture, health, and materials science, with initiatives like the Himalayan Genome Project and Carbon Net Zero Project. The company is recognized for pioneering efforts in climate-adaptive solutions and impactful innovations across over 25 countries.
- Headquarters Gurugram, India
- Employees 410
- Founders Prateek Rawat, Agam Khare
- Stage Minicorn
- SectorsAgriculture
- Email••••••••
- Website absolute.ag
- Social LinkedIn X Facebook Instagram
- Legal Name Ecso Global Pvt. Ltd.
- Date of Incorporation 15 Jun, 2016
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹362 Cr
FY 2022 · +1170% YoY
- Net Loss-₹37.39 Cr
FY 2022 · -10% margin
- EBITDA-₹35.72 Cr
FY 2022 · -10% margin
- Total Equity Funding$115.9M (USD)
in 6 rounds
- InvestorsLetsVenture
& 14 more
- Employee Count410
Associated legal entities of Absolute
Absolute operates through Ecso Global Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ecso Global Private Limited CIN U51909DL2016PTC301380 | Active | 15 Jun 2016 | New Delhi, Delhi | ₹362 Cr | 410 | 2 | View details |
Products & Services of Absolute
Absolute offers a comprehensive portfolio of products and services, including Bio Ag, Bio Care, and Bio Materials.
Solutions for decarbonizing agriculture at large scale.
Sustainable solutions for health and personal care.
Climate-positive materials inspired by natural processes.
Funding Insights of Absolute
Absolute has successfully raised a total of $115.9M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $115.9M
- Total Rounds 6
- First Round $13,948
(Aug 2019)
- Investors Count 15
All 6 funding rounds of Absolute with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2023 | Grant | – | – | ||
| Feb 2022 | $100M | Series B | $500M | Alpha Wave Global, Tiger Global Management | |
| Aug 2021 | $12.62M | Series A | $66.15M | Peak XV Partners | |
| Jun 2021 | Seed | – | Peak XV Partners | – | |
| Sep 2019 | $3.27M | Seed | $••••• | Surge, Sequoia Capital | |
| Aug 2019 | $13,948 | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $500M | •••••••• |
| Aug 2021 | $66.15M | •••••••• |
| Sep 2019 | $••••• | •••••••• |
| Aug 2019 | $••••• | •••••••• |
Full valuation and stage history of Absolute
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
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Verified entity values are shown only after access is granted.
Last known valuation $500M (Feb 2022). 15 investors in total: 12 institutional and 3 angel.
Investors in Absolute
Absolute has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, Peak XV Partners and Indigram Labs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on growth-stage companies | alphawaveglobal.com | New York, United States | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Venture capital funding is provided to innovative startups in India. | qedinnovationlabs.tcc.mode | Mumbai, India | ||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Acceleration is provided to startups across multiple sectors by Surge. | surgeahead.com | |||
Venture capital fund focused on multiple sectors | vevekventureinvestments.tcc.mode | Mumbai, India | ||
Incubation and support for startups in agritech, foodtech, clean tech, and rural healthcare sectors. | 2016 | indigramlabs.org | Delhi, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Delivers content, advertising, and website development services for businesses. | 2005 | imediablitz.com | Delhi, India |
Investor details for Absolute
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Ecso Global Private Limited (Absolute)
Ecso Global Private Limited is the primary company behind Absolute. The board of Ecso Global Private Limited currently have 2 directors; the longest-serving is Agam Khare, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Agam Khare DIN 06505691 | Director | 15 Jun 2016 | 10 yrs 4 mo | Ecso Global Private Limited |
| Prateek Rawat DIN 08327793 | Director | 04 Feb 2019 | 7 yrs 8 mo | Ecso Global Private Limited |
People of Absolute
47 people are tracked at Absolute (16 in leadership, 31 in team); the tracked headcount is 410.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
Shivam Sharma | Director- Strategy & Partnership | Leadership |
Gaurav Tyagi | Program Head- Founder’s Office | Leadership |
Prashant Khare | Director Of Research & Development | Leadership |
Aashima Sharma | Deputy General Manager, Human Resources | Leadership |
Nipun Sabharwal | Business Head - Protected Cultivation & Precision Agriculture | Leadership |
Kuldeep Meena | Regional Head | Leadership |
Uditendu Verma | General Manager, Strategic Initiatives | Leadership |
Amaresh Kumar Sahu | HR Business Partner | Leadership |
Shikhar Agnihotri | Vice President Agri Science & Farm Management | Leadership |
Ashudeep Garg | Sr Vice President And Head Corporate Development | Leadership |
Aditi Nehra | Head Of Human Resources | Leadership |
Sushan Rungta | CTO | Leadership |
Rajesh Biswas | Deputy General Manager | Leadership |
Dr. Rajkumar Jain | Deputy General Manager R&d | Leadership |
Janesh Mishra | Engineering Manager | Team |
Aditya Sharma | Customer Service Manager | Team |
Divyanshu Goswami | Scientist | Team |
Srishti Patel | Research Associate II | Team |
27 more people are available in the full profile.
Complete people profiles for Absolute
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Absolute
Figures of Ecso Global Private Limited, the primary company behind Absolute, for FY 2022. Revenue was ₹362 Cr (+1170% year on year). Net loss was -₹37.39 Cr (-10% margin). EBITDA was -₹35.72 Cr (-10% margin). Revenue has grown at a compounded annual rate of +2022% over three years and +355% over five years.
- ₹362 CrRevenue · FY 2022 · +1170% YoY
- -₹37.39 CrNet loss · -10% margin
- -₹35.72 CrEBITDA · -10% margin
- ₹3.3 LakhPaid-up capital
- 410Employees (provident fund records)
- +2022%Revenue CAGR, 3 years
- +355%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ecso Global Private Limited are on its company page.
Detailed financial statements for Absolute
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Absolute
4 dated milestones of Absolute across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Absolute is founded.
- Funding First funding round of $14K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Grant,.
Competitors of Absolute
Absolute has 3 listed competitors in our database, 2 of them funded. They include IPL Biologicals, Titan Biotech and Univia.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| iplbiologicals.com | 1994 | Gurugram, India | $4.66M | 901 | Plant nutrition and protection products are manufactured and supplied. | |
| titanbiotechltd.com | 1992 | Delhi, India | 406 | Biological products are manufactured and exported for various industries. | ||
| univia.in | 2020 | Ahmedabad, India | $237,838 | 52 | Agri-input retailers are connected to farmers via a phygital network. |
Detailed competitors of Absolute
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Absolute
The website of Absolute (absolute.ag) receives about 2.3K visits a month.
- Monthly visits2.3K
▼ 21.8% vs previous month
Websites whose visitors overlap most with Absolute. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bionicturtle.com | 81% | 41.2K | #790,240 | View details |
Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Absolute (Crop Tech & Equipment) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Manufacturer and distributor of irrigation equipment | 1963 | Jalgaon, Maharashtra, India | USD 679.04 M | 12,280 | ||
AgroStar is engaged in providing agricultural products and solutions. | 2013 | Pune, Maharashtra, India | USD 208.82 M | USD 31.86 M | 1,249 |
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Related news about Absolute
Complete news archive for Absolute
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Frequently Asked Questions about Absolute
Absolute was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Absolute is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Agam Khare is the CEO of Absolute, as recorded in our data. They have also founded this company.
Absolute is a funded company, having raised a total of $115.9M across 6 funding rounds to date. The company's 1st funding round was a Seed of $13.95K, raised on Aug 2019.
Absolute has 410 employees.
The primary company behind Absolute, Ecso Global Private Limited, reported revenue of ₹362 Cr for FY 2022, up 1170% year on year.
Absolute is engaged in deep tech bioscience research aimed at decarbonizing agriculture, advancing sustainable health and personal care solutions, and developing climate-positive materials. Operations span multiple sectors including agriculture, health, and materials science, with initiatives like the Himalayan Genome Project and Carbon Net Zero Project. The company is recognized for pioneering efforts in climate-adaptive solutions and impactful innovations across over 25 countries.
Absolute's top competitors include Titan Biotech, IPL Biologicals and Univia.
Absolute offers Bio Ag, Bio Care, and Bio Materials.
Absolute has 15 investors. Key investors include LetsVenture, Peak XV Partners, Indigram Labs, iMediaBlitz, and Assam AgriFin Xamahar Challenge Fund.
The valuation of Absolute is $500M as of Feb 2022.
Absolute operates through Ecso Global Private Limited.