About Algorhythm Tech
Algorhythm Tech is a company based in Pune (India) founded in 2003 by Gulu Mirchandani, Sandeep Pendukar, and Anand Jhaveri was acquired by Delhivery in December 2022. Algorhythm Tech has raised $1.12 million across 3 funding rounds from investors including Delhivery, Mumbai Angels and ACG Group. The company has 31 employees as of April 07, 2024. Algorhythm Tech operates in a competitive market with competitors including FourKites, AspenTech, Plex Systems, ORBCOMM and Blume Global, among others.
- Headquarter Pune, India
- Employees 31 as on 07 Apr, 2024
- Founders Gulu Mirchandani, Sandeep Pendukar, Anand Jhaveri
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingTechnology
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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 Algorhythm Tech Private Limited
- Date of Incorporation 20 Oct, 1999
- Jurisdiction Haveli, Maharashtra, India
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Annual Revenue
$501.26 K (USD)10.28as on Mar 31, 2023
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Net Profit
-$558.49 K (USD)-307.55as on Mar 31, 2023
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EBITDA
-$417.58 K (USD)-279.19as on Mar 31, 2023
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Total Equity Funding
$1.12 M (USD)
in 3 rounds
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Latest Funding Round
$179.14 K (USD), Seed
Oct 24, 2016
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Investors
Delhivery
& 24 more
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Employee Count
31
as on Apr 07, 2024
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Acquired by
Delhivery
(Dec 20, 2022)
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Funding Insights of Algorhythm Tech
Algorhythm Tech has successfully raised a total of $1.12M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $179.14 thousand completed in October 2016. 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.
Investors in Algorhythm Tech
Algorhythm Tech has secured backing from 25 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Delhivery, Mumbai Angels and ACG Group.
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Boutique investment bank focused on middle market
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Fundraising is enabled for startups through an investor connection platform.
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Investor details for Algorhythm Tech
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Investments & Acquisitions by Algorhythm Tech
Investment portfolio details for Algorhythm Tech
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Financial Statements - Algorhythm Tech
Detailed financials for Algorhythm Tech
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Algorhythm Tech Comparisons
Peer comparison for Algorhythm Tech
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Competitors of Algorhythm Tech
Algorhythm Tech 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 FourKites, AspenTech, Plex Systems, ORBCOMM and Blume Global, among others.
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AI and web-based visibility solutions for supply chains are developed.
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AI-based software for manufacturing process optimization is offered.
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Cloud-based manufacturing execution software solutions are provided by Plex Systems.
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M2M communication solutions for asset tracking and management are provided.
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Cloud-based supply chain visibility solutions are provided for logistics stakeholders.
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Cloud-based data visualization and dashboard development are facilitated.
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Detailed competitors of Algorhythm Tech
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Latest news on Algorhythm Tech
Complete news archive for Algorhythm Tech
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Frequently Asked Questions about Algorhythm Tech
Algorhythm Tech was founded in 2003 and raised its 1st funding round 3 years after it was founded.
Algorhythm Tech is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Algorhythm Tech is a funded company, having raised a total of $1.12M across 3 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Algorhythm Tech is 31.
Annual revenue of Algorhythm Tech is $501.26K as on Mar 31, 2023.
Provider of MES and visibility solutions for multi-industry. Some of its features are automated plants is to fetch validate actual production results, tracks inventory, order progress status, genealogy, production defects, delays, stoppages, yield, etc. It provides real-time trends, statistics, and notifications to check the quality level and batch analysis, etc.
Algorhythm Tech's top competitors include AspenTech, FourKites and Plex Systems.
Algorhythm Tech has 25 investors. Key investors include Delhivery, Mumbai Angels, ACG Group, Ladderup, and Gulu Lalchand Mirchandani.
The valuation of Algorhythm Tech is $1.83M as of Oct 2016.