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
Not available
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Products & Services of Azgo
Azgo offers a comprehensive portfolio of products and services, including Azgo Vending Machines and Mobile Application.
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.
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.
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Early-stage investment and support for technology companies.
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Diverse products in FMCG, hotels, packaging, and agri-business are offered.
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Academic programs in engineering, technology, and research are provided.
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Investor details for Azgo
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Investments & Acquisitions by Azgo
Investment portfolio details for Azgo
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Financial Statements - Azgo
Detailed financials for Azgo
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Azgo Comparisons
Peer comparison for Azgo
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform offering smart vending machine retail solutions
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Cashless vending solutions are integrated for smart product dispensing.
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Smart vending machines for corporates are supplied by NutriTap.
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Vendiman is recognized as a leading vending machine supplier in India.
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Tea and coffee-making machines are provided via an online platform.
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Detailed competitors of Azgo
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Latest news on Azgo
Complete news archive for Azgo
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Frequently Asked Questions about Azgo
Azgo was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Azgo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Satvik Sarwade is the current CEO of Azgo. They have also founded this company.
Azgo is a funded company, having raised a total of $1.74M across 7 funding rounds to date.
Annual revenue of Azgo is $379.83K as on Mar 31, 2023.
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.
Azgo offers Azgo Vending Machines and Mobile Application.
Azgo has 21 investors. Key investors include Indian Institute Of Technology Kharagpur, ITC, Tracxn Labs, Aayush Jain, and Vivek Ambale.
The valuation of Azgo is $4.74M as of Oct 2023.