About Azgo
Azgo is a company based in Bengaluru (India) founded in 2014 by Satvik Sarwade and Kartik Sarwade.. Azgo has raised $1.74 million across 7 funding rounds from investors including Indian Institute Of Technology Kharagpur, ITC and Tracxn Labs. Azgo offers products and services including Azgo Vending Machines and Mobile Application. Azgo operates in a competitive market with competitors including Daalchini, Vendekin, NutriTap, Vendiman and Cherise Tapri, among others.
- Headquarter Bengaluru, India
- Founders Satvik Sarwade, Kartik Sarwade
- Stage Minicorn
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Sectors
ConsumerTechnology Retail
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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 Delectable Technologies Private Limited
- Date of Incorporation 16 Sep, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$379.83 K (USD)176.56as on Mar 31, 2023
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Net Profit
$-225.29 K (USD)-44.49as on Mar 31, 2023
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EBITDA
$-155.53 K (USD)-62.42as on Mar 31, 2023
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Total Equity Funding
$1.74 M (USD)
in 7 rounds
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Latest Funding Round
$420.33 K (USD), Seed
Oct 31, 2023
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Investors
Indian Institute Of Technology Kharagpur
& 20 more
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Employee Count
Employee Count
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Products & Services of Azgo
Azgo offers a comprehensive portfolio of products and services, including Azgo Vending Machines and Mobile Application. 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.
Automated systems for dispensing snacks and products with app integration.
Platform for checking product availability and making digital payments.
Funding Insights of Azgo
Azgo has successfully raised a total of $1.74M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $420.33 thousand completed in October 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 7
- Last Round Seed — $420,326
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First Round
First Round
(08 Sep 2016)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - Azgo | Valuation | ITC |
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| Dec, 2022 | Amount | Seed - Azgo | Valuation | ITC |
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| Dec, 2021 | Amount | Seed - Azgo | Valuation | ITC |
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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 Azgo
Azgo has secured backing from 21 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Indian Institute Of Technology Kharagpur, ITC and Tracxn Labs. 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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Early-stage investment and support for technology companies.
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Founded Year | Domain | Location | |
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Diverse products in FMCG, hotels, packaging, and agri-business are offered.
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Founded Year | Domain | Location | |
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Academic programs in engineering, technology, and research are provided.
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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 Azgo
| 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 - Azgo
| 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 |
Azgo Comparisons
Competitors of Azgo
Azgo 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 Daalchini, Vendekin, NutriTap, Vendiman and Cherise Tapri, 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 |
Online platform offering smart vending machine retail solutions
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| domain | founded_year | HQ Location |
Cashless vending solutions are integrated for smart product dispensing.
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| domain | founded_year | HQ Location |
Smart vending machines for corporates are supplied by NutriTap.
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| domain | founded_year | HQ Location |
Vendiman is recognized as a leading vending machine supplier in India.
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| domain | founded_year | HQ Location |
Tea and coffee-making machines are provided via an online platform.
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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 Azgo
Frequently Asked Questions about Azgo
When was Azgo founded?
Azgo was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Azgo located?
Azgo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Azgo?
Satvik Sarwade is the current CEO of Azgo. They have also founded this company.
Is Azgo a funded company?
Azgo is a funded company, having raised a total of $1.74M across 7 funding rounds to date. The company's 1st funding round was a Seed of $245.65K, raised on Sep 08, 2016.
What is the annual revenue of Azgo?
Annual revenue of Azgo is $379.83K as on Mar 31, 2023.
What does Azgo do?
Azgo was founded in 2014 in Bengaluru, India, focusing on the IoT and vending sector. Snack vending kiosks are deployed in office settings, where orders are selected, paid for, and collected using a companion mobile application available on Android and iOS. Users enter order codes at the kiosk to retrieve items. Operations emphasize seamless digital integration for workplace convenience.
Who are the top competitors of Azgo?
What products or services does Azgo offer?
Azgo offers Azgo Vending Machines and Mobile Application.
Who are Azgo's investors?
Azgo has 21 investors. Key investors include Indian Institute Of Technology Kharagpur, ITC, Tracxn Labs, Aayush Jain, and Vivek Ambale.
What is Azgo's valuation?
The valuation of Azgo is $4.74M as of Oct 2023.