About Avataar
Avataar is a company based in Bengaluru (India) founded in 2014 by Sravanth Aluru and Gaurav Baid. Avataar has raised $55.09 million across 6 funding rounds from investors including Peak XV Partners, Tiger Global and Sequoia Capital. The company has 176 employees as of April 05, 2024. Avataar offers products and services including Agentic AI Platform and AI-Native Transformation Tools. Avataar operates in a competitive market with competitors including Perfect Corp, Marxent, Rembrand, Hexa3D and BuzzAR, among others.
- Headquarter Bengaluru, India
- Employees 176 as on 05 Apr, 2024
- Founders Sravanth Aluru, Gaurav Baid
- Stage Minicorn
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Sectors
TechnologyRetail
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Phone
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Website
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Social
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- Legal Name Soul Vision Creations Private Limited
- Date of Incorporation 17 Sep, 2014
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$2.16 M (USD)-2.4as on Mar 31, 2023
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Net Profit
-$7.63 M (USD)-58.13as on Mar 31, 2023
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EBITDA
-$7.48 M (USD)-52.04as on Mar 31, 2023
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Total Equity Funding
$55.09 M (USD)
in 6 rounds
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Latest Funding Round
$45 M (USD), Series B
Dec 17, 2021
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Investors
Peak XV Partners
& 31 more
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Employee Count
176
as on Apr 05, 2024
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Products & Services of Avataar
Avataar offers a comprehensive portfolio of products and services, including Agentic AI Platform and AI-Native Transformation Tools.
Platform for autonomous execution and enterprise workflow improvements.
Tools for cost efficiency and scalable operational upgrades.
People of Avataar
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Funding Insights of Avataar
Avataar has successfully raised a total of $55.09M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in December 2021. 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.
Investors in Avataar
Avataar has secured backing from 32 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Peak XV Partners, Tiger Global and Sequoia Capital.
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Venture and private equity investments are managed with global diversification.
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Venture capital firm investing in startups and providing support programs.
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Sequoia Capital is engaged in venture capital investments.
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Investor details for Avataar
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Investments & Acquisitions by Avataar
Investment portfolio details for Avataar
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Financial Statements - Avataar
Detailed financials for Avataar
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Avataar Comparisons
Peer comparison for Avataar
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Competitors of Avataar
Avataar 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 Perfect Corp, Marxent, Rembrand, Hexa3D and BuzzAR, among others.
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Provider of AI and AR-based virtual makeup application solutions
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Cloud-based virtual trial solutions are offered for home improvement visualization.
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Provider of in-content product insertion-based content marketing software solutions for brands
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SaaS platform for 3D content creation to enable AR/VR in commerce
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AR-based app for retail and eCommerce product visualization is provided.
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Detailed competitors of Avataar
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Latest news on Avataar
Complete news archive for Avataar
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Frequently Asked Questions about Avataar
Avataar was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Avataar is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sravanth Aluru is the current CEO of Avataar. They have also founded this company.
Avataar is a funded company, having raised a total of $55.09M across 6 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Avataar is 176.
Annual revenue of Avataar is $2.16M as on Mar 31, 2023.
Founded in 2014 in Bengaluru, India, Avataar operates in the AI sector, focusing on enterprise automation. A full-stack AI platform is developed to enable secure and scalable workflow transformations. Domain-specialized AI agents are utilized to enhance cost efficiency, operational speed, and valuation potential. Legacy systems are replaced with intelligent, adaptive systems that support autonomous execution and learning, customized to client-specific domains, data, and workflows.
Avataar's top competitors include Perfect Corp, Rembrand and Scapic.
Avataar offers Agentic AI Platform and AI-Native Transformation Tools.
Avataar has 32 investors. Key investors include Peak XV Partners, Tiger Global, Sequoia Capital, Nikhil Kumar Srivastava, and Arpan Sheth.
The valuation of Avataar is $227.84M as of Dec 2021.