About Altor
Altor is a company based in Kolkata (India) founded in 2018 by Shamik Guha, Sayan Tapadar, and Muhammad Bilal Shakil.. Altor has raised $286.36 thousand across 5 funding rounds from investors including Venture Catalysts, Apex Group and IIIT Hyderabad. Altor offers products and services including Smart Helmets. Altor operates in a competitive market with competitors including MIPS, Sena, Lumos Helmet, Livall and Jarsh Safety, among others.
- Headquarter Kolkata, India
- Founders Shamik Guha, Sayan Tapadar, Muhammad Bilal Shakil
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Sectors
TechnologyTransportation, Automotive & Logistics
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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 Praesus Technologies Private Limited
- Date of Incorporation 20 Sep, 2018
- Jurisdiction 24 Parganas, West Bengal, India
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Annual Revenue
$119.08 K (USD)5414.06as on Mar 31, 2023
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Net Profit
$-53.89 K (USD)-58.13as on Mar 31, 2023
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EBITDA
$-153.32 K (USD)-370.52as on Mar 31, 2023
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Total Equity Funding
$286.36 K (USD)
in 5 rounds
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Latest Funding Round
$66.89 K (USD), Seed
Feb 07, 2022
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Investors
Venture Catalysts
& 36 more
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Employee Count
Employee Count
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Products & Services of Altor
Altor offers a comprehensive portfolio of products and services, including Smart Helmets. 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.
Helmets provide communication, navigation, and safety features for riders.
Funding Insights of Altor
Altor has successfully raised a total of $286.36K across 5 strategic funding rounds. The most recent funding activity was a Seed round of $66.89 thousand completed in February 2022. 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 Seed — $66,892
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First Round
First Round
(01 Jan 2019)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Altor | Valuation | Thapar Vision | |
| Aug, 2021 | Amount | Seed - Altor | Valuation | Venture Catalysts |
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| Apr, 2021 | Amount | Seed - Altor | Valuation | Church World Service , Amol Vishwanath Pawar |
| 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 Altor
Altor has secured backing from 37 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Venture Catalysts, Apex Group and IIIT Hyderabad. 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 investment fund providing seed funding and mentorship to Indian startups.
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Founded Year | Domain | Location | |
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Early-stage tech startups are supported via investments and advisory services.
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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 Altor
| 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 - Altor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Altor Comparisons
Competitors of Altor
Altor 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 MIPS, Sena, Lumos Helmet, Livall and Jarsh Safety, 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 |
Brain protection systems for helmets are developed and manufactured.
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| domain | founded_year | HQ Location |
Sena is recognized for developing communication devices for various activities.
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| domain | founded_year | HQ Location |
Bicycle helmets with integrated controls are manufactured by Lumos Helmet.
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| domain | founded_year | HQ Location |
Smart and safe cycling helmet
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| domain | founded_year | HQ Location |
Smart safety wearables are designed and manufactured for worker protection.
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| domain | founded_year | HQ Location |
Helmet accessory for improving visibility with a fall detection feature
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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 Altor
When was Altor founded?
Altor was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Altor located?
Altor is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Who is the current CEO of Altor?
Shamik Guha is the current CEO of Altor. They have also founded this company.
Is Altor a funded company?
Altor is a funded company, having raised a total of $286.36K across 5 funding rounds to date. The company's 1st funding round was a Seed of $71.76K, raised on Jan 01, 2019.
What is the annual revenue of Altor?
Annual revenue of Altor is $119.08K as on Mar 31, 2023.
What does Altor do?
Altor was founded in 2018 in Kolkata, India, within the smart mobility sector. Bluetooth-integrated smart helmets are produced by the company, equipped with SOS emergency alert capabilities and accident detection features. Operations focus on enhancing rider safety through integrated technology, with development centered in India to serve regional markets. Core activities involve hardware innovation for personal protective equipment.
Who are the top competitors of Altor?
Altor's top competitors include Sena, Jarsh Safety and Lumos Helmet.
What products or services does Altor offer?
Altor offers Smart Helmets.
Who are Altor's investors?
Altor has 37 investors. Key investors include Venture Catalysts, Apex Group, IIIT Hyderabad, Church World Service, and Thapar Vision.