About Areete
Areete is a company based in Pune (India) founded in 2021 by V S Shridhar and Sirinivas Subramanian.. Areete has raised $1.11 million across 2 funding rounds from investors including Angel List, Indigram Labs and Scitech Park. The company has 27 employees as of April 04, 2024. Areete offers products and services including Ayushman Cowfit and Cowfit Studio. Areete operates in a competitive market with competitors including Cattle Eye, LiveCare, Agricam, ProTag and Dropnostix, among others.
- Headquarter Pune, India
- Employees 27 as on 04 Apr, 2024
- Founders V S Shridhar, Sirinivas Subramanian
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Sectors
Agriculture
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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 Areete Business Solutions Private Limited
- Date of Incorporation 22 Jul, 2021
- Jurisdiction Haveli, Maharashtra, India
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Annual Revenue
$29.17 K (USD)3276.45as on Mar 31, 2023
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Net Profit
$-120.39 K (USD)-83.34as on Mar 31, 2023
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EBITDA
$-95.56 K (USD)-51.09as on Mar 31, 2023
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Total Equity Funding
$1.11 M (USD)
in 2 rounds
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Latest Funding Round
$1.04 M (USD), Seed
Mar 31, 2023
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Investors
Angel List
& 17 more
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Employee Count
27
as on Apr 04, 2024
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Products & Services of Areete
Areete offers a comprehensive portfolio of products and services, including Ayushman Cowfit and Cowfit Studio. 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.
AI device for tracking cattle health and optimizing fertility.
Online hub for dairy products and cattle safety items.
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Funding Insights of Areete
Areete has successfully raised a total of $1.11M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.04 million completed in March 2023. 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 2
- Last Round Seed — $1.0M
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First Round
First Round
(17 Jun 2022)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - Areete | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - Areete | Valuation | Scitech Park |
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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 Areete
Areete has secured backing from 18 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Angel List, Indigram Labs and Scitech Park. 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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Incubation and support for startups in agritech, foodtech, clean tech, and rural healthcare sectors.
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Founded Year | Domain | Location | |
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Promotion of science, technology, entrepreneurship, and skill development in Pune.
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Founded Year | Domain | Location | |
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Alternative investment platform for startups and investors is operated.
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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 Areete
| 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 - Areete
| 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 |
Areete Comparisons
Competitors of Areete
Areete 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 Cattle Eye, LiveCare, Agricam, ProTag and Dropnostix, 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 |
Livestock monitoring solutions are provided via autonomous video analytics.
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| domain | founded_year | HQ Location |
Integrated platform for real-time monitoring of livestock animals and data analytics
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| domain | founded_year | HQ Location |
Real time livestock health monitoring hardware and software solutions
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| domain | founded_year | HQ Location |
Developer of smart ear tags for pasture management, and cow health monitoring
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| domain | founded_year | HQ Location |
Cloud and sensor-based health monitoring is provided for dairy farmers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Areete
When was Areete founded?
Areete was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Areete located?
Areete is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is Areete a funded company?
Areete is a funded company, having raised a total of $1.11M across 2 funding rounds to date. The company's 1st funding round was a Seed of $64.13K, raised on Jun 17, 2022.
How many employees does Areete have?
As of Apr 04, 2024, the latest employee count at Areete is 27.
What is the annual revenue of Areete?
Annual revenue of Areete is $29.17K as on Mar 31, 2023.
What does Areete do?
Areete was founded in 2021 in Pune, India, within the agritech sector focused on dairy farming. An AI and IoT platform is operated to monitor cattle health and enhance livestock management. Predictive and prescriptive analytics are delivered for herd health, milk yield, and farm productivity. Early detection of health issues is facilitated, alongside optimizations for feeding, breeding, and data-driven decisions to support farm operations.
Who are the top competitors of Areete?
Areete's top competitors include Cattle Eye, Agricam and LiveCare.
What products or services does Areete offer?
Areete offers Ayushman Cowfit and Cowfit Studio.
Who are Areete's investors?
Areete has 18 investors. Key investors include Angel List, Indigram Labs, Scitech Park, Varadaraj Subramaniam, and Vadhavkar Avoirs.