About Azoi
Azoi was a Healthcare company based in Ahmedabad (India) founded in 2011 by Hamish Patel and Juned Munshi. It offers a health tracking electronic device that connects to smartphones for monitoring. It operates on a B2C model. Azoi has raised $3 million across 3 funding rounds from investors including CIIE and Seeders. Its chief executive, as recorded, is Hamish Patel. Its Indian entity Azoi Mobile Technologies Private Limited reported revenue of ₹9.68 Cr. The company is recorded as dissolved. Its focus areas include Health and Wellness, Wearable Technology, Health Tracking and Smartphone Accessories.
Company details
Azoi, led by Hamish Patel as Co-Founder, CEO, Juned Munshi as Co-Founder, specializes in promoting health and well-being, developing wearable devices, health tracking, and smartphone accessories. Offers a health tracking electronic device that connects to smartphones for monitoring. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
- Headquarters Ahmedabad, India
- Founders Hamish Patel, Juned Munshi
- SectorsHealthcare
- Website azoi.com
- Social X Facebook
- Legal Name Azoi Mobile Technologies Private Limited
- Date of Incorporation 07 Mar, 2012
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹9.68 Cr
FY 2016 · +12% YoY
- Net Profit₹79.6 Lakh
FY 2016 · 8% margin
- EBITDA₹1.48 Cr
FY 2016 · 15% margin
- Total Equity Funding$3M (USD)
in 3 rounds
- Latest Funding Round$3M (USD), Series A
Aug 2014
- InvestorsCIIE
& 1 more
Associated legal entities of Azoi
Azoi operates through Azoi Mobile Technologies Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Azoi Mobile Technologies Private Limited CIN U32109GJ2012PTC069298 | Under Liquidation | 07 Mar 2012 | Ahmedabad, Gujarat | ₹9.7 Cr | 1 | 2 | View details |
Funding Insights of Azoi
Azoi has successfully raised a total of $3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in August 2014. 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 $3M
- Total Rounds 3
- Last Round Series A — $3M
- Investors Count 2
All 3 funding rounds of Azoi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Azoi
Azoi has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include CIIE and Seeders.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
India focused VC firm | seeders.in | Kolkata, India | ||
Startup incubator | ciie.co | Ahmedabad, India |
Investor details for Azoi
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Board of directors of Azoi Mobile Technologies Private Limited (Azoi)
Azoi Mobile Technologies Private Limited is the primary company behind Azoi. The board of Azoi Mobile Technologies Private Limited currently have 2 directors; the longest-serving is Smita Yogeshbhai Patel, appointed in 2012.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Smita Yogeshbhai Patel DIN 00599415 | Director | 07 Mar 2012 | 14 yrs 7 mo | Azoi Mobile Technologies Private Limited |
| Hamish Patel DIN 03608254 | Director | 07 Mar 2012 | 14 yrs 7 mo | Azoi Mobile Technologies Private Limited |
People of Azoi
2 people are tracked at Azoi (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
Juned Munshi | Co-Founder | Leadership |
Complete people profiles for Azoi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Azoi
Figures of Azoi Mobile Technologies Private Limited, the primary company behind Azoi, for FY 2016. Revenue was ₹9.68 Cr (+12% year on year). Net profit was ₹79.6 Lakh (8% margin). EBITDA was ₹1.48 Cr (15% margin).
- ₹9.68 CrRevenue · FY 2016 · +12% YoY
- ₹79.6 LakhNet profit · 8% margin
- ₹1.48 CrEBITDA · 15% margin
- ₹1 LakhPaid-up capital
- 1Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Azoi Mobile Technologies Private Limited are on its company page.
Detailed financial statements for Azoi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Azoi
3 dated milestones of Azoi across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Azoi is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $3.0M.
Web traffic of Azoi
Websites that share an audience with Azoi (azoi.com).
Websites whose visitors overlap most with Azoi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mashable.com | 100% | 14.9M | #5,924 | View details | |
macrumors.com | macrumors.com | 96% | #11,952 | – |
Top companies in Health Monitoring & Wearables
3 companies that operate in the same segment as Azoi (Health Monitoring & Wearables) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Smartphone-enabled glucometers and diabetes management apps are provided. | 2015 | Delhi, Delhi, India | USD 50.83 M | USD 2.74 M | 142 | |
AI-powered EMR, EHR, and patient engagement solutions are provided. | 2020 | Bengaluru, Karnataka, India | USD 19.5 M | USD 3.36 M | 117 |
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Related news about Azoi
Complete news archive for Azoi
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Frequently Asked Questions about Azoi
Azoi was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Azoi is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Hamish Patel is the CEO of Azoi, as recorded in our data. They have also founded this company.
Azoi is a funded company, having raised a total of $3M across 3 funding rounds to date.
The primary company behind Azoi, Azoi Mobile Technologies Private Limited, reported revenue of ₹9.68 Cr for FY 2016, up 12% year on year.
Azoi, led by Hamish Patel as Co-Founder, CEO, Juned Munshi as Co-Founder, specializes in promoting health and well-being, developing wearable devices, health tracking, and smartphone accessories. Offers a health tracking electronic device that connects to smartphones for monitoring. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Azoi operates through Azoi Mobile Technologies Private Limited.
The legal entities of Azoi currently have 2 directors, including Smita Yogeshbhai Patel, Hamish Patel.