About Algorhythm Tech
Algorhythm Tech is an Industrial Goods & Manufacturing company based in Pune (India) founded in 2003 by Gulu Mirchandani, Sandeep Pendukar, and Anand Jhaveri, and was acquired by Delhivery in December 2022. It operates in the Industrial Goods & Manufacturing and Technology sectors. 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. Algorhythm Tech was last valued at $1.83 million in October 2016. Its Indian entity Algorhythm Tech Private Limited reported revenue of ₹1.06 Cr. Its focus areas include Enterprise Applications, Manufacturing Tech, Manufacturing Execution System and Suite. Its competitors include FourKites, AspenTech, Plex Systems, ORBCOMM and Blume Global and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Pune, India
- Employees 31
- Founders Gulu Mirchandani, Sandeep Pendukar, Anand Jhaveri
- Stage Minicorn
- SectorsIndustrial Goods & ManufacturingTechnology
- Email••••••••
- Phone•••• ••••
- Website algorhythmtech.com
- Social LinkedIn X Facebook
- Acquired by Delhivery (Dec 2022)
- Legal Name Algorhythm Tech Private Limited
- Date of Incorporation 20 Oct, 1999
- Jurisdiction Pune, Maharashtra, India
Associated legal entities of Algorhythm Tech
Algorhythm Tech operates through Algorhythm Tech 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 |
|---|---|---|---|---|---|---|---|
| Algorhythm Tech Private Limited CIN U74999PN1999PTC014095 | Active | 20 Oct 1999 | Pune, Maharashtra | ₹1.1 Cr | 31 | 3 | View details |
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 $1.12M
- Total Rounds 3
- Last Round Seed — $179,140
- First Round $333,329
(Apr 2006)
- Investors Count 24
All 3 funding rounds of Algorhythm Tech 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 |
|---|---|---|---|---|---|
| Oct 2016 | $179,140 | Seed | $1.83M | Ladderup | |
| Jul 2010 | $609,673 | Seed | $2.39M | Mumbai Angels, Ajit Surana | |
| Apr 2006 | $333,329 | Angel Round | $••••• | Gulu Lalchand Mirchandani | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2016 | $1.83M | •••••••• |
| Jul 2010 | $2.39M | •••••••• |
| Apr 2006 | $••••• | •••••••• |
Full valuation and stage history of Algorhythm Tech
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $1.83M (Oct 2016). 25 investors in total: 5 institutional and 20 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Boutique investment bank focused on middle market | 1993 | ladderup.com | Mumbai, India | |
Fundraising is enabled for startups through an investor connection platform. | – | ahventures.in | Mumbai, India | |
Manufacturer & supplier of solid dosage products, pharmaceutical machinery and equipment, and packaging solutions | 1961 | acg-world.com | Mumbai, India | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | delhivery.com | Gurugram, India | |
GL Gulu Lalchand Mirchandani | Chairman of Onida Electronics, prominent angel investor in Indian startups | – | unknown_406874e850244fdc8 | - |
AS Ajit Surana | - | – | unknown_2ab0d9482c844faa9 | - |
GK Gautam Kumar | Co-founder of FarEye, logistics tech innovator, active angel investor | – | unknown_baa5537ddab14e61a | - |
HL Harshad Lahoti | Founder of Ah! Ventures, active angel investor in Indian startups | – | unknown_f79d691c4f8747878 | - |
AB Abhaya Borwankar | - | – | unknown_ebc9e7ace2354d879 | - |
Investor details for Algorhythm Tech
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 Algorhythm Tech Private Limited (Algorhythm Tech)
Algorhythm Tech Private Limited is the primary company behind Algorhythm Tech. The board of Algorhythm Tech Private Limited currently have 3 directors; the longest-serving is Nikhil Vij, appointed in 2023. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nikhil Vij DIN 06661484 | Director | 20 Apr 2023 | 3 yrs 5 mo | Algorhythm Tech Private Limited |
| Kavya Shetty DIN 10694308 | Director | 01 Aug 2024 | 2 yrs 2 mo | Algorhythm Tech Private Limited |
| Suraj Saharan DIN 03431848 | Additional Director | 17 Oct 2024 | 1 yr 11 mo | Algorhythm Tech Private Limited |
People of Algorhythm Tech
3 people are tracked at Algorhythm Tech (3 in leadership); the tracked headcount is 31.
| Name | Role | Group |
|---|---|---|
Gulu Mirchandani | Co-Founder | Leadership |
Sandeep Pendukar | Co-Founder | Leadership |
Anand Jhaveri | Co-Founder | Leadership |
Complete people profiles for Algorhythm Tech
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 Algorhythm Tech
Figures of Algorhythm Tech Private Limited, the primary company behind Algorhythm Tech, for FY 2025. Revenue was ₹1.06 Cr (-69% year on year). Net loss was -₹1.43 Cr (-135% margin). EBITDA was -₹68 Lakh (-64% margin). Revenue has grown at a compounded annual rate of -29% over three years and -30% over five years.
- ₹1.06 CrRevenue · FY 2025 · -69% YoY
- -₹1.43 CrNet loss · -135% margin
- -₹68 LakhEBITDA · -64% margin
- ₹32.6 LakhPaid-up capital
- 31Employees (provident fund records)
- -29%Revenue CAGR, 3 years
- -30%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Algorhythm Tech Private Limited are on its company page.
Detailed financial statements for Algorhythm Tech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Algorhythm Tech
5 dated milestones of Algorhythm Tech across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Algorhythm Tech is founded.
- Funding First funding round of $333K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $179K.
- Exit Acquired by Delhivery.
Competitors of Algorhythm Tech
Algorhythm Tech has 9 listed competitors in our database, 7 of them funded. They include FourKites, AspenTech, Plex Systems, ORBCOMM and Blume Global, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourkites.com | 2014 | Chicago, United States | $243.3M | 301 | AI and web-based visibility solutions for supply chains are developed. | |
| aspentech.com | 1981 | Bedford, United States | $100M | 786 | AI-based software for manufacturing process optimization is offered. | |
| plex.com | 1995 | Troy, United States | $86.5M | 510 | Cloud-based manufacturing execution software solutions are provided by Plex Systems. | |
| orbcomm.com | 1993 | Rochelle Park, United States | $136M | 305 | M2M communication solutions for asset tracking and management are provided. | |
| blumeglobal.com | 1994 | Pleasanton, United States | – | 396 | Cloud-based supply chain visibility solutions are provided for logistics stakeholders. | |
| aveva.com | 1967 | Cambridge, United Kingdom | – | 48 | Cloud-based data visualization and dashboard development are facilitated. | |
| hostbooks.com | 2009 | Sacramento, United States | $8M | 94 | Agentic AI-powered ERP solutions are offered for multiple industries. | |
| inspectorio.com | 2015 | Minneapolis, United States | $63.7M | 12 | Cloud-based software for form inspections is offered. | |
| tradewindow.io | 2018 | Auckland, New Zealand | $6.3M | – | SaaS platform for supply chain visibility and compliance is offered. |
Detailed competitors of Algorhythm Tech
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.
Top companies in Manufacturing Tech Solutions
10 companies that operate in the same segment as Algorhythm Tech (Manufacturing Tech Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 2002 | New York, New York, United States | USD 1.52 B | USD 3.17 B | 22,153 | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 200.44 M | USD 686.63 M | 1,090 | |
Hexagon is recognized for delivering advanced measurement and automation technologies. | 1980 | Stockholm, Sweden | – | USD 6.52 B | – | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M | – | – | |
Cloud-based 3D CAD system is accessed via web browsers. | 2012 | Cambridge, Massachusetts, United States | USD 348.69 M | USD 695.52 K | – | |
AI-powered data science platform enables model deployment and analytics insights. | 1985 | Troy, United States | USD 35.05 M | – | – | |
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Manufacturing solutions are provided for industrial and consumer sectors. | 2018 | Bengaluru, Karnataka, India | USD 1.12 B | USD 1.71 B | 975 | |
Equipment rental marketplace and digital tools for construction are offered. | 2014 | Columbia, Missouri, United States | USD 806.48 M | USD 4.38 B | 4,353 | |
Modular hardware and software platform for industrial automation is provided. | 2016 | Montreal, Quebec, Canada | USD 263.41 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Algorhythm Tech
Complete news archive for Algorhythm Tech
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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. The company's 1st funding round was a Angel Round of $333.33K, raised on Apr 2006.
Algorhythm Tech has 31 employees.
The primary company behind Algorhythm Tech, Algorhythm Tech Private Limited, reported revenue of ₹1.06 Cr for FY 2025, down 69% year on year.
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.
Algorhythm Tech operates through Algorhythm Tech Private Limited.
Yes. Algorhythm Tech was acquired by Delhivery in December 2022.
The legal entities of Algorhythm Tech currently have 3 directors, including Suraj Saharan, Nikhil Vij, Kavya Shetty.