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. 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.
Platform for autonomous execution and enterprise workflow improvements.
Tools for cost efficiency and scalable operational upgrades.
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $45.0M
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First Round
First Round
(17 Dec 2015)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - Avataar | Valuation | Tiger Global Management | |
| Sep, 2020 | Amount | Series A - Avataar | Valuation | Peak XV Partners , Sequoia Capital |
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| Nov, 2019 | Amount | Angel Round - Avataar | Valuation | Nikhil Kumar Srivastava , Vibhav Dhawan |
| 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 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. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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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 Avataar
| 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 - Avataar
| 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 |
Avataar Comparisons
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. 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 |
Provider of AI and AR-based virtual makeup application solutions
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| domain | founded_year | HQ Location |
Cloud-based virtual trial solutions are offered for home improvement visualization.
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| domain | founded_year | HQ Location |
Provider of in-content product insertion-based content marketing software solutions for brands
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| domain | founded_year | HQ Location |
SaaS platform for 3D content creation to enable AR/VR in commerce
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| domain | founded_year | HQ Location |
AR-based app for retail and eCommerce product visualization is provided.
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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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Latest news on Avataar
Frequently Asked Questions about Avataar
When was Avataar founded?
Avataar was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Avataar located?
Avataar is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Avataar?
Sravanth Aluru is the current CEO of Avataar. They have also founded this company.
Is Avataar a funded company?
Avataar is a funded company, having raised a total of $55.09M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $861.59K, raised on Dec 17, 2015.
How many employees does Avataar have?
As of Apr 05, 2024, the latest employee count at Avataar is 176.
What is the annual revenue of Avataar?
Annual revenue of Avataar is $2.16M as on Mar 31, 2023.
What does Avataar do?
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.
Who are the top competitors of Avataar?
Avataar's top competitors include Perfect Corp, Rembrand and Scapic.
What products or services does Avataar offer?
Avataar offers Agentic AI Platform and AI-Native Transformation Tools.
Who are Avataar's investors?
Avataar has 32 investors. Key investors include Peak XV Partners, Tiger Global, Sequoia Capital, Nikhil Kumar Srivastava, and Arpan Sheth.
What is Avataar's valuation?
The valuation of Avataar is $227.84M as of Dec 2021.
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