About AlgoFET
AlgoFET is a company based in Bengaluru (India) founded in 2023 by Ankit Mishra. It operates as a B2B and D2C. AlgoFET has raised $1.57 million across 1 funding round from investors including Piper Serica. AlgoFET offers products and services including AlgoDOCK, AlgoBMS, AlgoX, AlgoPACK, and AlgoSAFE. AlgoFET operates in a competitive market with competitors including WiBotic, Skycharge, Dpendent, Spooky Action and Volarious, among others.
- Headquarter Bengaluru, India
- Founders Ankit Mishra
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website algofet.com
- Social LinkedIn
- Legal Name Algofet Private Limited
- Date of Incorporation 30 Dec, 2023
- Jurisdiction Hosakote, Karnataka, India
- Annual Revenue₹1.26 Cr
FY 2025 · +4940% YoY
- Net Profit₹23.8 Lakh
FY 2025 · 19% margin
- EBITDA₹32.2 Lakh
FY 2025 · 26% margin
- Total Equity Funding$1.57M (USD)
in 1 rounds
- Latest Funding Round$1.57M (USD), Seed
Aug 2026
- Investors
Associated legal entities of AlgoFET
AlgoFET operates through Algofet Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Algofet Private Limited CIN U27900KA2023PTC182980 | Active | 30 Dec 2023 | Hosakote, Karnataka | ₹1.3 Cr | – | 2 | View details |
Products & Services of AlgoFET
AlgoFET offers a comprehensive portfolio of products and services, including AlgoDOCK, AlgoBMS, AlgoX, AlgoPACK, and AlgoSAFE.
Smart system that minimizes drone charging time by 20 percent.
Ensures safest drone battery operations and avoids accidents effectively.
Platform for seamless and remote drone control without manual dependency.
Provides uninterrupted power supply for 24x7 drone operations reliably.
Focuses on accident prevention in drone battery management systems.
Enables efficient remote operations for drone systems and users.
Funding Insights of AlgoFET
AlgoFET has successfully raised a total of $1.57M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.57 million completed in August 2026. 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 $1.57M
- Total Rounds 1
- Last Round Seed — $1.57M
- First Round $1.57M
(Aug 2026)
- Investors Count 1
All 1 funding rounds of AlgoFET 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 |
|---|---|---|---|---|---|
| Aug 2026 | $1.57M | Seed | – | – |
1 investors in total: 1 institutional.
Investors in AlgoFET
AlgoFET has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Piper Serica.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | piperserica.com | - |
Investor details for AlgoFET
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Algofet Private Limited (AlgoFET)
Algofet Private Limited is the primary company behind AlgoFET. The board of Algofet Private Limited currently have 2 directors; the longest-serving is Ankit Mishra, appointed in 2023. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Mishra DIN 10448311 | Director | 30 Dec 2023 | 2 yrs 9 mo | Algofet Private Limited |
| Kanupriya Sharma DIN 10448312 | Director | 30 Dec 2023 | 2 yrs 9 mo | Algofet Private Limited |
People of AlgoFET
1 people are tracked at AlgoFET (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for AlgoFET
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of AlgoFET
Figures of Algofet Private Limited, the primary company behind AlgoFET, for FY 2025. Revenue was ₹1.26 Cr (+4940% year on year). Net profit was ₹23.8 Lakh (19% margin). EBITDA was ₹32.2 Lakh (26% margin).
- ₹1.26 CrRevenue · FY 2025 · +4940% YoY
- ₹23.8 LakhNet profit · 19% margin
- ₹32.2 LakhEBITDA · 26% margin
- ₹3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Algofet Private Limited are on its company page.
Detailed financial statements for AlgoFET
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
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Timeline of AlgoFET
2 dated milestones of AlgoFET across 3 years, from founding to its latest funding, stage changes and deals.
- Founded AlgoFET is founded.
- Funding First funding round of $1.6M.
Competitors of AlgoFET
AlgoFET 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 WiBotic, Skycharge, Dpendent, Spooky Action and Volarious, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wibotic.com | 2015 | Seattle, United States | $13.49M | – | Wireless charging solutions for industrial robots are provided. | |
| skycharge.de | 2013 | Berlin, Germany | $120,000 | – | Provider of drone charging pads and infrastructure | |
| dpendent.ch | 2015 | – | – | – | Autonomous drone platforms are developed for enterprise logistics automation. | |
| spookyactionrobotics.com | 2019 | Minneapolis, United States | – | – | Tether systems for drone battery backup during flight are provided. | |
| volarious.com | 2018 | Singapore | – | – | Develops tethered drone solutions for emergency response, military, and monitoring operations. | |
| airscort.me | 2014 | Jerusalem, Israel | – | – | Develops ground-based docking stations for autonomous drones | |
| diviseksystems.com | 2015 | – | – | – | Provider of wireless drone charging systems for autonomous vehicles | |
| flyxtechnologies.com | 2020 | Sunnyvale, United States | – | – | Develops wireless charging technology for drones and IoT devices. |
Detailed competitors of AlgoFET
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to AlgoFET
10 companies that operate in the same segment as AlgoFET (Autonomous & Service Robotics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 106.21 M | – | – | |
Domestic cleaning robots are provided by iRobot. | 1990 | New Bedford, Massachusetts, United States | USD 13 M | USD 666.43 M | 541 | |
Service robots for education, home assistance, and security are developed. | 2012 | Shenzhen, Guangdong, China | USD 1.34 B | USD 278.58 M | 2,190 | |
Robotic arms are provided for mobility and rehabilitation support. | 2004 | Boston, Massachusetts, United States | USD 17.21 M | USD 40.93 M | 185 | |
Cleaning robots for homes are offered by an internet-first brand. | 2020 | Suzhou, Jiangsu, China | USD 550.6 M | – | – | |
Exoskeletons for medical rehabilitation and industrial productivity are provided. | 2005 | United States | USD 24.37 M | USD 71.6 M | 61 | |
Humanoid social robots are provided for homes and businesses. | 2012 | Tokyo, Tokyo, Japan | USD 117.21 M | – | – | |
Cleaning robots are offered by Narwal as an internet-first brand. | 2016 | Dongguan, Guangdong, China | USD 115.62 M | – | – | |
Manufacturer of robotic pool cleaning equipment | 1983 | Afula, Northern District, Israel | – | – | – | |
Cleanliness and safety robots are manufactured by ECOVACS Robotics. | 2006 | China | – | – | – |
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Frequently Asked Questions about AlgoFET
AlgoFET was founded in 2023 and raised its 1st funding round 3 years after it was founded.
AlgoFET is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ankit Mishra is the current CEO of AlgoFET. They have also founded this company.
AlgoFET is a funded company, having raised a total of $1.57M across 1 funding round to date. The company's 1st funding round was a Seed of $1.57M, raised on Aug 2026.
The primary company behind AlgoFET, Algofet Private Limited, reported revenue of ₹1.26 Cr for FY 2025, up 4940% year on year.
AlgoFET offers fully automated solutions for drone operations, including smart charging and battery management to reduce manual interventions. Based in Bangalore, India, they focus on minimizing charging time and ensuring uninterrupted power supply for continuous drone use. Their products support remote operations and enhance safety, serving businesses in the tech sector with reliable hardware and software integrations.
AlgoFET offers AlgoDOCK, AlgoBMS, AlgoX, AlgoPACK, and 2 more products and services.
AlgoFET has 1 investor. Key investors include Piper Serica.
AlgoFET operates through Algofet Private Limited.
The legal entities of AlgoFET currently have 2 directors, including Ankit Mishra, Kanupriya Sharma.