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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $179,140
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First Round
First Round
(30 Apr 2006)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Seed - Algorhythm Tech | Valuation | Ladderup | |
| Jul, 2010 | Amount | Seed - Algorhythm Tech | Valuation | Mumbai Angels , Ajit Surana | |
| Apr, 2006 | Amount | Angel Round - Algorhythm Tech | Valuation | Gulu Lalchand Mirchandani |
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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 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. 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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Early-stage venture investments are facilitated by Mumbai Angels network.
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Founded Year | Domain | Location | |
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Boutique investment bank focused on middle market
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Founded Year | Domain | Location | |
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Fundraising is enabled for startups through an investor connection 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 Algorhythm Tech
| 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 - Algorhythm Tech
| 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 |
Algorhythm Tech Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI and web-based visibility solutions for supply chains are developed.
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| domain | founded_year | HQ Location |
AI-based software for manufacturing process optimization is offered.
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| domain | founded_year | HQ Location |
Cloud-based manufacturing execution software solutions are provided by Plex Systems.
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| domain | founded_year | HQ Location |
M2M communication solutions for asset tracking and management are provided.
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| domain | founded_year | HQ Location |
Cloud-based supply chain visibility solutions are provided for logistics stakeholders.
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| domain | founded_year | HQ Location |
Cloud-based data visualization and dashboard development are facilitated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Algorhythm Tech
When was Algorhythm Tech founded?
Algorhythm Tech was founded in 2003 and raised its 1st funding round 3 years after it was founded.
Where is Algorhythm Tech located?
Algorhythm Tech is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is Algorhythm Tech a funded company?
Algorhythm Tech is a funded company, having raised a total of $1.12M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $333.33K, raised on Apr 30, 2006.
How many employees does Algorhythm Tech have?
As of Apr 07, 2024, the latest employee count at Algorhythm Tech is 31.
What is the annual revenue of Algorhythm Tech?
Annual revenue of Algorhythm Tech is $501.26K as on Mar 31, 2023.
What does Algorhythm Tech do?
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.
Who are the top competitors of Algorhythm Tech?
Algorhythm Tech's top competitors include AspenTech, FourKites and Plex Systems.
Who are Algorhythm Tech's investors?
Algorhythm Tech has 25 investors. Key investors include Delhivery, Mumbai Angels, ACG Group, Ladderup, and Gulu Lalchand Mirchandani.
What is Algorhythm Tech's valuation?
The valuation of Algorhythm Tech is $1.83M as of Oct 2016.