About Absorbia
Absorbia is a company based in Kolkata (India) founded in 2009 by Prabhav Sharda was acquired by GlobalBees in November 2021.. Absorbia has raised $13.29 thousand across 1 funding round from investors including GlobalBees. The company has 178 employees as of March 28, 2024. Absorbia offers products and services including Moisture Absorbers and Air Purifiers.
- Headquarter Kolkata, India
- Employees 178 as on 28 Mar, 2024
- Founders Prabhav Sharda
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Globalbees Brands Pvt. Ltd
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.43 M (USD)-74.36as on Mar 31, 2024
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Net Profit
$-6.93 M (USD)-864.25as on Mar 31, 2024
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EBITDA
$-6.79 M (USD)7.51as on Mar 31, 2024
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Total Equity Funding
$13.29 K (USD)
in 1 rounds
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Latest Funding Round
$13.29 K (USD), Seed
Mar 31, 2020
- Investors
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Employee Count
178
as on Mar 28, 2024
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Acquired by
GlobalBees
(Nov 03, 2021)
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Products & Services of Absorbia
Absorbia offers a comprehensive portfolio of products and services, including Moisture Absorbers and Air Purifiers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Moisture is absorbed by these products to prevent damage in storage spaces, where air quality is also improved
Air is purified by these items through moisture reduction, where mould and fungus growth is controlled in enclosed areas
Funding Insights of Absorbia
Absorbia has successfully raised a total of $13.29K through 1 strategic funding round. The most recent funding activity was a Seed round of $13.29 thousand completed in March 2020. 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 1
- Last Round Seed — $13,291
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First Round
First Round
(31 Mar 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Seed - Absorbia | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Absorbia
Absorbia has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include GlobalBees. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Direct-to-consumer brands are built and scaled through a technology platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Absorbia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Absorbia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Absorbia Comparisons
Competitors of Absorbia
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Absorbia
When was Absorbia founded?
Absorbia was founded in 2009 and raised its 1st funding round 11 years after it was founded.
Where is Absorbia located?
Absorbia is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Is Absorbia a funded company?
Absorbia is a funded company, having raised a total of $13.29K across 1 funding round to date. The company's 1st funding round was a Seed of $13.29K, raised on Mar 31, 2020.
How many employees does Absorbia have?
As of Mar 28, 2024, the latest employee count at Absorbia is 178.
What is the annual revenue of Absorbia?
Annual revenue of Absorbia is $2.43M as on Mar 31, 2024.
What does Absorbia do?
Private label brand of moisture absorbing products for personal uses. The product can be used to soak up excess moisture from the surroundings and prevent mold fungus, smells, and allergens at home. Provides 4 kinds of products for different uses at home and can be used in closets, placed inside shoes, bags, rooms, washrooms, kitchen, and more.Products can be purchased directly from the platform and are also available on Amazon under the launchpad section. Has 4k followers on Facebook, as of Sep17.
What products or services does Absorbia offer?
Absorbia offers Moisture Absorbers and Air Purifiers.
Who are Absorbia's investors?
Absorbia has 1 investor. Key investors include GlobalBees.
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