About Avasarala
Avasarala is a company based in Bengaluru (India) founded in 1985 was acquired by Florintree in July 2022.. The company has 307 employees as of April 06, 2024.
- Headquarter Bengaluru, India
- Employees 307 as on 06 Apr, 2024
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Sectors
Industrial Goods & ManufacturingEnergy & Utilities
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Phone
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Website
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Social
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- Legal Name Avasarala Technologies Limited
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$11.05 M (USD)0.49as on Mar 31, 2021
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Net Profit
$242.52 K (USD)223.25as on Mar 31, 2021
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EBITDA
$1.04 M (USD)442.08as on Mar 31, 2021
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Latest Funding Round
- Investors
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Employee Count
307
as on Apr 06, 2024
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Acquired by
Florintree
(Jul 15, 2022)
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Funding Insights of Avasarala
| 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 Avasarala
Avasarala has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Florintree. 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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Privat equity firm
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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 Avasarala
| 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 - Avasarala
| 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 |
Avasarala Comparisons
Competitors of Avasarala
| 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 Avasarala
When was Avasarala founded?
Avasarala was founded in 1985.
Where is Avasarala located?
Avasarala is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Avasarala?
Priteesh Mahajan is the current CEO of Avasarala.
How many employees does Avasarala have?
As of Apr 06, 2024, the latest employee count at Avasarala is 307.
What is the annual revenue of Avasarala?
Annual revenue of Avasarala is $11.05M as on Mar 31, 2021.
What does Avasarala do?
Avasarala was established in 1985 in Bengaluru, India, as a manufacturer focused on nuclear power, aerospace, and medical equipment. Radiation shielding and heat pipes for spacecraft are designed and produced, alongside automation solutions for industrial applications. Factory automation systems and conveyor setups are provided to support operations across multiple sectors, with activities centered in India.
Who are Avasarala's investors?
Avasarala has 1 investor. Key investors include Florintree.
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