About Allygrow
Allygrow is a company based in Pune (India) founded in 2015 by Vrishali Kamat was acquired by Ceinsys in December 2021.. Allygrow has raised $35.14 million across 5 funding rounds from investors including Avendus, Ceinsys and Zodius. The company has 131 employees as of March 22, 2024. Allygrow has completed 1 acquisition, including A El. Allygrow offers products and services including Virtual Validation, Embedded Systems, Electrification, and Plant Automation. Allygrow operates in a competitive market with competitors including Cummins, Valeo, Schaeffler, Faurecia and Rane Group, among others.
- Headquarter Pune, India
- Employees 131 as on 22 Mar, 2024
- Founders Vrishali Kamat
- Stage Minicorn
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Sectors
Business ServicesTransportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Allygrow Technologies Private Limited
- Jurisdiction Haveli, Maharashtra, India
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Annual Revenue
$5.29 M (USD)0as on Mar 31, 2022
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Net Profit
$1.03 M (USD)0as on Mar 31, 2022
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EBITDA
$-61.75 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$35.14 M (USD)
in 5 rounds
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Latest Funding Round
$924.13 K (USD), Series B
Jan 10, 2019
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Investors
Avendus
& 9 more
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Employee Count
131
as on Mar 22, 2024
- Investments & Acquisitions
- Acquired by
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Products & Services of Allygrow
Allygrow offers a comprehensive portfolio of products and services, including Virtual Validation, Embedded Systems, Electrification, and Plant Automation. 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.
Provides virtual testing for product development in mobility sectors.
Offers design and integration for embedded systems in vehicles.
Delivers solutions for electric vehicle components and systems.
Implements automation for manufacturing processes and IoT integration.
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Funding Insights of Allygrow
Allygrow has successfully raised a total of $35.14M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $924.13 thousand completed in January 2019. 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 5
- Last Round Series B — $924,125
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First Round
First Round
(11 Aug 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series B - Allygrow | Valuation | Zodius | |
| Oct, 2017 | Amount | Series B - Allygrow | Valuation | Zodius | |
| Jul, 2016 | Amount | Series B - Allygrow | Valuation |
investors |
| 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 Allygrow
Allygrow has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Avendus, Ceinsys and Zodius. 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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VC firm investing in India
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Founded Year | Domain | Location | |
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Venture capital fund investing in consumer tech startups
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Founded Year | Domain | Location | |
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Provides comprehensive ETF strategy services to clients.
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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 Allygrow
Allygrow has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include A El. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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The company A El is headquartered in Munich, Germany.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Allygrow
| 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 |
Allygrow Comparisons
Competitors of Allygrow
Allygrow 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 Cummins, Valeo, Schaeffler, Faurecia and Rane Group, 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 |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Automotive components and systems are manufactured for vehicles.
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| domain | founded_year | HQ Location |
Major auto components are manufactured and supplied to OEMs.
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| domain | founded_year | HQ Location |
Major auto components are manufactured and supplied globally.
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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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Latest news on Allygrow
Frequently Asked Questions about Allygrow
When was Allygrow founded?
Allygrow was founded in 2015.
Where is Allygrow located?
Allygrow is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is Allygrow a funded company?
Allygrow is a funded company, having raised a total of $35.14M across 5 funding rounds to date. The company's 1st funding round was a Series B of $3.12M, raised on Aug 11, 2015.
How many employees does Allygrow have?
As of Mar 22, 2024, the latest employee count at Allygrow is 131.
What is the annual revenue of Allygrow?
Annual revenue of Allygrow is $5.29M as on Mar 31, 2022.
What does Allygrow do?
Allygrow was founded in 2015 and is based in Pune, India. Solutions in product design and industrial automation are offered to support development in automotive sectors, including passenger cars, commercial vehicles, off-highway vehicles, and twothree wheelers. Services include product engineering, styling concepts, feasibility design, validation, CAD and ECM, manufacturing engineering, pre-series development, and plant engineering. Additional areas covered are virtual validation, embedded systems, electrification, and plant automation with IIoT integration.
Who are the top competitors of Allygrow?
Allygrow's top competitors include Cummins, Valeo and Rane Group.
What products or services does Allygrow offer?
Allygrow offers Virtual Validation, Embedded Systems, Electrification, and Plant Automation.
How many acquisitions has Allygrow made?
Allygrow has made 1 acquisition, including A El.
Who are Allygrow's investors?
Allygrow has 10 investors. Key investors include Avendus, Ceinsys, Zodius, TechPro Ventures, and Tek Associates.
What is Allygrow's valuation?
The valuation of Allygrow is $22.61M as of Jan 2019.
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