About Ayasta
Ayasta is an Energy & Utilities company based in Hyderabad (India) founded in 2017 by Ravi Teja Avasarala and RaghuKumar M. It offers a SaaS and IoT-enabled platform for predictive maintenance of electrical grids. It operates on a B2B model. Ayasta has raised $30 thousand across 1 funding round from investors including The CoWrks Foundry. Its chief executive is Ravi Teja Avasarala. Its Indian entity Ayasta Technologies Private Limited reported revenue of ₹1.4 Lakh. Its focus areas include Technology, IoT and SaaS, Maintenance Solutions and Electrical Grids. Its competitors include Particle, Signify, Landis+Gyr, PowerSecure and Span.IO and 3 more; 4 of its 8 listed competitors have raised funding.
Company details
Ayasta, led by Ravi Teja Avasarala as Co-Founder, CEO, RaghuKumar M as Co-Founder, specializes in leveraging cutting-edge technology, iot and saas, maintenance solutions, and electrical grids. Offers a SaaS and IoT-enabled platform for predictive maintenance of electrical grids. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
- Headquarters Hyderabad, India
- Founders Ravi Teja Avasarala, RaghuKumar M
- SectorsEnergy & Utilities
- Website ayasta.com
- Social X Facebook
- Legal Name Ayasta Technologies Private Limited
- Date of Incorporation 06 Mar, 2017
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1.4 Lakh
FY 2024 · -84% YoY
- Net Loss-₹2.3 Lakh
FY 2024 · -161% margin
- EBITDA₹2,802
FY 2024 · 2% margin
- Total Equity Funding$30K (USD)
in 1 rounds
- Latest Funding Round$30K (USD), Seed
Nov 2018
- Investors
Associated legal entities of Ayasta
Ayasta operates through Ayasta Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ayasta Technologies Private Limited CIN U72900TG2017PTC115656 | Active | 06 Mar 2017 | Hyderabad, Telangana | ₹0.0 Cr | – | 3 | View details |
Funding Insights of Ayasta
Ayasta has successfully raised a total of $30K through 1 strategic funding round. The most recent funding activity was a Seed round of $30 thousand completed in November 2018. 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 $30,000
- Total Rounds 1
- Last Round Seed — $30,000
- First Round $30,000
(Nov 2018)
- Investors Count 1
All 1 funding rounds of Ayasta with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2018 | $30,000 | Seed | – | The CoWrks Foundry | – |
1 investors in total: 1 institutional.
Investors in Ayasta
Ayasta has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include The CoWrks Foundry.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups across sectors are accelerated through dedicated programs. | – | cowrksfoundry.com | Bengaluru, India |
Investor details for Ayasta
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Board of directors of Ayasta Technologies Private Limited (Ayasta)
Ayasta Technologies Private Limited is the primary company behind Ayasta. The board of Ayasta Technologies Private Limited currently have 3 directors; the longest-serving is Saideep Kandakatla Reddy, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saideep Kandakatla Reddy DIN 03591237 | Director | 06 Mar 2017 | 9 yrs 7 mo | Ayasta Technologies Private Limited |
| Madan Kishore Venigandla DIN 03530781 | Director | 01 Sep 2022 | 4 yrs 1 mo | Ayasta Technologies Private Limited |
| Madan Mohan Chalasani DIN 07782290 | Director | 01 Sep 2022 | 4 yrs 1 mo | Ayasta Technologies Private Limited |
People of Ayasta
2 people are tracked at Ayasta (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
RaghuKumar M | Co-Founder | Leadership |
Complete people profiles for Ayasta
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Financials of Ayasta
Figures of Ayasta Technologies Private Limited, the primary company behind Ayasta, for FY 2024. Revenue was ₹1.4 Lakh (-84% year on year). Net loss was -₹2.3 Lakh (-161% margin). EBITDA was ₹2,802 (2% margin). Revenue has grown at a compounded annual rate of -44% over three years and -41% over five years.
- ₹1.4 LakhRevenue · FY 2024 · -84% YoY
- -₹2.3 LakhNet loss · -161% margin
- ₹2,802EBITDA · 2% margin
- ₹34.5 LakhPaid-up capital
- -44%Revenue CAGR, 3 years
- -41%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ayasta Technologies Private Limited are on its company page.
Detailed financial statements for Ayasta
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Timeline of Ayasta
2 dated milestones of Ayasta across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Ayasta is founded.
- Funding First funding round of $30K.
Competitors of Ayasta
Ayasta has 8 listed competitors in our database, 4 of them funded. They include Particle, Signify, Landis+Gyr, PowerSecure and Span.IO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| signify.com | 1891 | Eindhoven, Netherlands | – | – | Signify is recognized as a global leader in lighting solutions. | |
| landisgyr.com | 1896 | Zug, Switzerland | $1.03B | 996 | End-to-end energy management solutions are provided for utilities worldwide. | |
| powersecure.com | 1991 | Wake Forest, United States | – | 1,030 | Energy efficiency and smart grid management solutions | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| osram.com | 1919 | Munich, Germany | – | 13 | Automotive lighting equipment is manufactured by Osram in Germany. | |
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. |
Detailed competitors of Ayasta
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Top companies in Smart Grid & Transmission Systems
10 companies that operate in the same segment as Ayasta (Smart Grid & Transmission Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 257.69 M | USD 1.25 B | 3,191 | |
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
Distributed energy grids are provided for clean electricity and utilities. | 2010 | London, England, United Kingdom | USD 130.7 M | – | – | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Solar-powered electricity is delivered via an app-based platform. | 2020 | Berlin, Berlin, Germany | USD 45.99 M | – | – | |
Provider of smart street lighting solutions | 1992 | Jaipur, Rajasthan, India | – | USD 504.88 M | 1,430 |
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Related news about Ayasta
Complete news archive for Ayasta
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Frequently Asked Questions about Ayasta
Ayasta was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Ayasta is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Ravi Teja Avasarala is the current CEO of Ayasta. They have also founded this company.
Ayasta is a funded company, having raised a total of $30K across 1 funding round to date. The company's 1st funding round was a Seed of $30K, raised on Nov 2018.
The primary company behind Ayasta, Ayasta Technologies Private Limited, reported revenue of ₹1.4 Lakh for FY 2024, down 84% year on year.
Ayasta, led by Ravi Teja Avasarala as Co-Founder, CEO, RaghuKumar M as Co-Founder, specializes in leveraging cutting-edge technology, iot and saas, maintenance solutions, and electrical grids. Offers a SaaS and IoT-enabled platform for predictive maintenance of electrical grids. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Ayasta's top competitors include Particle, Landis+Gyr and Signify.
Ayasta has 1 investor. Key investors include The CoWrks Foundry.
Ayasta operates through Ayasta Technologies Private Limited.
The legal entities of Ayasta currently have 3 directors, including Saideep Kandakatla Reddy, Madan Kishore Venigandla, Madan Mohan Chalasani.