About Altifarm
Altifarm is a Consumer company based in Mumbai (India) founded in 2017. Self-watering plant devices with integrated LED lights are offered. Altifarm has raised $77.17 thousand across 2 funding rounds from investors including Kapil Kapoor, Jayant Narahari Murty and Alexandar Jacob. Altifarm was last valued at $1.48 million in December 2020. Its Indian entity Enverde Altifarm Private Limited reported revenue of ₹6.01 Cr. Its focus areas include Retail, Home Improvements, B2C Commerce and Garden Supplies. Its competitors include Giftreeng and WiFSi.
Company details
Altifarm was founded in 2017 in Mumbai, India, and operates as an internet-first brand in the home improvement sector. A device is provided that enables self-watering for plants, where water is filled by users and dispensed according to plant requirements. LED lighting is included, mounted on a telescopic arm that extends with plant growth. A proximity sensor controls automatic dimming to avoid leaf burn or overexposure.
- Headquarters Mumbai, India
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Website altifarm.com
- Social LinkedIn X Facebook
- Legal Name Enverde Altifarm Private Limited
- Date of Incorporation 18 Jan, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹6.01 Cr
FY 2021 · +849% YoY
- Net Profit₹33.2 Lakh
FY 2021 · 6% margin
- EBITDA₹58.3 Lakh
FY 2021 · 10% margin
- Total Equity Funding$77.17K (USD)
in 2 rounds
- Latest Funding Round$47.59K (USD), Angel Round
Dec 2020
Associated legal entities of Altifarm
Altifarm operates through Enverde Altifarm Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Enverde Altifarm Private Limited CIN U74999MH2018PTC304377 | Active | 18 Jan 2018 | Mumbai, Maharashtra | ₹6.0 Cr | 3 | View details |
Funding Insights of Altifarm
Altifarm has successfully raised a total of $77.17K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $47.59 thousand completed in December 2020. 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 $77,168
- Total Rounds 2
- Last Round Angel Round — $47,593
- First Round $29,575
(May 2018)
- Investors Count 3
All 2 funding rounds of Altifarm 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 |
|---|---|---|---|---|---|
| Dec 2020 | $47,593 | Angel Round | $1.48M | Kapil Kapoor | |
| May 2018 | $29,575 | Angel Round | $296,259 | Alexandar Jacob | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2020 | $1.48M | •••••••• |
Last known valuation $1.48M (Dec 2020). 3 investors in total: 0 institutional and 3 angel.
Investors in Altifarm
Altifarm has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Kapil Kapoor, Jayant Narahari Murty and Alexandar Jacob.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
KK Kapil Kapoor | Angel investor, ex-entrepreneur, focused on Indian startups in tech and consumer sectors. | unknown_5a92391326ba4cd6b | ||
JN Jayant Narahari Murty | unknown_120532e8965b470bb | |||
AJ Alexandar Jacob | unknown_c1cd86a2aa31446a8 |
Investor details for Altifarm
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 Enverde Altifarm Private Limited (Altifarm)
Enverde Altifarm Private Limited is the primary company behind Altifarm. The board of Enverde Altifarm Private Limited currently have 3 directors; the longest-serving is Arun Raj, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arun Raj DIN 07733229 | Director | 18 Jan 2018 | 8 yrs 9 mo | Enverde Altifarm Private Limited |
| Alexander Jacob DIN 07183207 | Director | 31 May 2018 | 8 yrs 5 mo | Enverde Altifarm Private Limited |
| Praditha Muralidharan DIN 06698517 | Director | 15 Jun 2018 | 8 yrs 4 mo | Enverde Altifarm Private Limited |
Financials of Altifarm
Figures of Enverde Altifarm Private Limited, the primary company behind Altifarm, for FY 2021. Revenue was ₹6.01 Cr (+849% year on year). Net profit was ₹33.2 Lakh (6% margin). EBITDA was ₹58.3 Lakh (10% margin).
- ₹6.01 CrRevenue · FY 2021 · +849% YoY
- ₹33.2 LakhNet profit · 6% margin
- ₹58.3 LakhEBITDA · 10% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Enverde Altifarm Private Limited are on its company page.
Detailed financial statements for Altifarm
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 Altifarm
4 dated milestones of Altifarm across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Altifarm is founded.
- Funding First funding round of $30K.
- Funding Latest funding round, Angel Round, of $48K.
- Milestone Reaches Minicorn status.
Competitors of Altifarm
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| giftreeng.com | 2023 | Noida, India | Sells handcrafted eco-friendly plants for gifting and home use online. | |||
| wifsi.com | 2024 | Kharar, India | Offers smart devices for automatic plant watering and remote monitoring. |
Detailed competitors of Altifarm
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.
Web traffic of Altifarm
The website of Altifarm (altifarm.com) receives about 2K visits a month.
- Monthly visits2K
▼ 7.5% vs previous month
Top companies in Home & Living Products
3 companies that operate in the same segment as Altifarm (Home & Living Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 35.34 B | 43,024 |
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Frequently Asked Questions about Altifarm
Altifarm was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Altifarm is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Altifarm is a funded company, having raised a total of $77.17K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $29.58K, raised on May 2018.
The primary company behind Altifarm, Enverde Altifarm Private Limited, reported revenue of ₹6.01 Cr for FY 2021, up 849% year on year.
Altifarm was founded in 2017 in Mumbai, India, and operates as an internet-first brand in the home improvement sector. A device is provided that enables self-watering for plants, where water is filled by users and dispensed according to plant requirements. LED lighting is included, mounted on a telescopic arm that extends with plant growth. A proximity sensor controls automatic dimming to avoid leaf burn or overexposure.
Altifarm has 3 investors. Key investors include Kapil Kapoor, Jayant Narahari Murty, and Alexandar Jacob.
The valuation of Altifarm is $1.48M as of Dec 2020.
Altifarm operates through Enverde Altifarm Private Limited.
The legal entities of Altifarm currently have 3 directors, including Alexander Jacob, Arun Raj, Praditha Muralidharan.