About Absolute
Absolute is a company based in Gurugram (India) founded in 2015 by Prateek Rawat and Agam Khare. It operates as a AgriTech Models and Product-as-a-Service. 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 as of April 09, 2024. Absolute offers products and services including Bio Ag, Bio Care, and Bio Materials. Absolute operates in a competitive market with competitors including IPL Biologicals, Titan Biotech, Univia, Sri Biotech Laboratories and Lab2Land, among others.
- Headquarter Gurugram, India
- Employees 410 as on 09 Apr, 2024
- Founders Prateek Rawat, Agam Khare
- Stage Minicorn
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ecso Global Pvt. Ltd.
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$43.74 M (USD)1170.27as on Mar 31, 2022
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Net Profit
-$4.52 M (USD)-1129.52as on Mar 31, 2022
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EBITDA
-$4.39 M (USD)-807.68as on Mar 31, 2022
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Total Equity Funding
$115.9 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
LetsVenture
& 14 more
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Employee Count
410
as on Apr 09, 2024
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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.
People of Absolute
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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 Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(31 Aug 2019)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Grant - Absolute | Valuation |
investors |
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| Feb, 2022 | Amount | Series B - Absolute | Valuation | Alpha Wave Global , Tiger Global Management | |
| Aug, 2021 | Amount | Series A - Absolute | Valuation | Peak XV Partners |
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 |
|---|---|---|---|---|
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Venture capital firm focused on growth-stage companies
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location |
Investments & Acquisitions by Absolute
Financial Statements - Absolute
Absolute Comparisons
Competitors of Absolute
Absolute 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 IPL Biologicals, Titan Biotech, Univia, Sri Biotech Laboratories and Lab2Land, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Plant nutrition and protection products are manufactured and supplied.
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| domain | founded_year | HQ Location |
Biological products are manufactured and exported for various industries.
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| domain | founded_year | HQ Location |
Agri-input retailers are connected to farmers via a phygital network.
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| domain | founded_year | HQ Location |
Crop improvement research and nutrient manufacturing are conducted.
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| domain | founded_year | HQ Location |
Agrochemicals, fertilizers, and crop nutrition solutions are researched and developed.
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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 current CEO of Absolute. 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 Series A of $12.62M, raised on Aug 31, 2019.
As of Apr 09, 2024, the latest employee count at Absolute is 410.
Annual revenue of Absolute is $43.74M as on Mar 31, 2022.
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.