About BlackFrog Technologies
BlackFrog Technologies is a Healthcare company based in Manipal (India) founded in 2015 by Mayur Shetty and Donson Dsouza. Portable refrigeration systems for biologicals cold-chain transport are provided. BlackFrog Technologies has raised $1.97 million across 6 funding rounds from investors including Manipal Group, C-CAMP and Maharashtra State Innovation Society. The company has 29 employees. BlackFrog Technologies was last valued at $2.14 million in October 2022. Its chief executive, as recorded, is Mayur Shetty. Its Indian entity Blackfrog Technologies Private Limited reported revenue of ₹1.23 Cr. Its focus areas include Life Sciences, Life Sciences Platforms and Tools, Instruments and Preservation.
Company details
BlackFrog Technologies was founded in 2015 in Manipal, India, as a provider of portable medical-grade refrigeration for cold-chain delivery of biologicals. Vaccines, insulin, breast milk, blood serums, medications, and specimens are transported using thermoelectric cooling with PID control, maintaining 28 C for 1020 hours under varying conditions. IoT-based tracking for temperature and location is integrated into the systems.
- Headquarters Manipal, India
- Employees 29
- Founders Mayur Shetty, Donson Dsouza
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website blackfrog.in
- Social LinkedIn X Facebook Instagram
- Legal Name Blackfrog Technologies Private Limited
- Date of Incorporation 04 Nov, 2015
- Jurisdiction Udupi, Karnataka, India
- Annual Revenue₹1.23 Cr
FY 2024 · -75% YoY
- Net Loss-₹3.37 Cr
FY 2024 · -273% margin
- EBITDA-₹2.73 Cr
FY 2024 · -221% margin
- Total Equity Funding$1.97M (USD)
in 6 rounds
- Latest Funding Round$1.7M (USD), Seed
Jul 2025
- InvestorsManipal Group
& 8 more
- Employee Count29
Associated legal entities of BlackFrog Technologies
BlackFrog Technologies operates through Blackfrog 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 |
|---|---|---|---|---|---|---|---|
| Blackfrog Technologies Private Limited CIN U28133KA2015PTC083851 | Active | 04 Nov 2015 | Udupi, Karnataka | ₹1.2 Cr | 29 | 2 | View details |
Funding Insights of BlackFrog Technologies
BlackFrog Technologies has successfully raised a total of $1.97M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $1.7 million completed in July 2025. 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 $1.97M
- Total Rounds 6
- Last Round Seed — $1.7M
- Investors Count 9
All 6 funding rounds of BlackFrog Technologies 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 |
|---|---|---|---|---|---|
| Jul 2025 | $1.7M | Seed | – | – | |
| Oct 2022 | $163,943 | Seed | $2.14M | MEMG Family Office | – |
| Sep 2021 | Grant | – | – | ||
| Jan 2021 | $102,386 | Seed | $637,556 | Social Alpha | |
| Sep 2019 | Seed | $••••• | EDC | – | |
| Jun 2019 | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2022 | $2.14M | •••••••• |
Last known valuation $2.14M (Oct 2022). 9 investors in total: 9 institutional.
Investors in BlackFrog Technologies
BlackFrog Technologies has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Manipal Group, C-CAMP and Maharashtra State Innovation Society.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Family wealth of Ranjan Pai is managed through investments. | memgfamilyoffice.tcc.mode | Bengaluru, India | ||
Promotion of innovation and digital services in Maharashtra. | 2017 | msins.in | Mumbai, India | |
Sustainable startups are supported via innovation curation and venture funding. | socialalpha.org | Bengaluru, India | ||
Bioscience research, innovation, and entrepreneurship facilitation in life sciences are conducted in India. | 2010 | ccamp.res.in | Bengaluru, India | |
Social innovations are funded via grants, loans, and equity investments. | globalinnovation.fund | London, United Kingdom | ||
Business growth support is provided by EDC in Iowa. | edcinc.org | Cedar Rapids, United States | ||
Support for startups in Karnataka is delivered through policies, funding, and networking services. | 2004 | missionstartupkarnataka.org | Bengaluru, India | |
Education, healthcare, insurance, and research services are provided globally. | 1993 | manipalgroup.com | Bengaluru, India | |
Rainmatter Foundation is focused on supporting climate action and environmental projects in India. | rainmatter.org | Bengaluru, India |
Investor details for BlackFrog Technologies
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Board of directors of Blackfrog Technologies Private Limited (BlackFrog Technologies)
Blackfrog Technologies Private Limited is the primary company behind BlackFrog Technologies. The board of Blackfrog Technologies Private Limited currently have 2 directors; the longest-serving is Mayur U Shetty, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mayur U Shetty DIN 07300632 | Director | 04 Nov 2015 | 10 yrs 11 mo | Blackfrog Technologies Private Limited |
| Donson Dsouza DIN 07300635 | Director | 04 Nov 2015 | 10 yrs 11 mo | Blackfrog Technologies Private Limited |
People of BlackFrog Technologies
3 people are tracked at BlackFrog Technologies (3 in leadership); the tracked headcount is 29.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership | |
Jai Bhagwan Malik | CEO | Leadership |
Complete people profiles for BlackFrog Technologies
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 BlackFrog Technologies
Figures of Blackfrog Technologies Private Limited, the primary company behind BlackFrog Technologies, for FY 2024. Revenue was ₹1.23 Cr (-75% year on year). Net loss was -₹3.37 Cr (-273% margin). EBITDA was -₹2.73 Cr (-221% margin). Revenue has grown at a compounded annual rate of +11% over three years.
- ₹1.23 CrRevenue · FY 2024 · -75% YoY
- -₹3.37 CrNet loss · -273% margin
- -₹2.73 CrEBITDA · -221% margin
- ₹1.7 LakhPaid-up capital
- 29Employees (provident fund records)
- +11%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Blackfrog Technologies Private Limited are on its company page.
Detailed financial statements for BlackFrog Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of BlackFrog Technologies
4 dated milestones of BlackFrog Technologies across 10 years, from founding to its latest funding, stage changes and deals.
- Founded BlackFrog Technologies is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.7M.
Web traffic of BlackFrog Technologies
The website of BlackFrog Technologies (blackfrog.in) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 33.3% vs previous month
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Frequently Asked Questions about BlackFrog Technologies
BlackFrog Technologies was founded in 2015 and raised its 1st funding round 4 years after it was founded.
BlackFrog Technologies is headquartered in Manipal, India. It is registered at Manipal, Karnataka, India.
Mayur Shetty is the CEO of BlackFrog Technologies, as recorded in our data. They have also founded this company.
BlackFrog Technologies is a funded company, having raised a total of $1.97M across 6 funding rounds to date.
BlackFrog Technologies has 29 employees.
The primary company behind BlackFrog Technologies, Blackfrog Technologies Private Limited, reported revenue of ₹1.23 Cr for FY 2024, down 75% year on year.
BlackFrog Technologies was founded in 2015 in Manipal, India, as a provider of portable medical-grade refrigeration for cold-chain delivery of biologicals. Vaccines, insulin, breast milk, blood serums, medications, and specimens are transported using thermoelectric cooling with PID control, maintaining 28 C for 1020 hours under varying conditions. IoT-based tracking for temperature and location is integrated into the systems.
BlackFrog Technologies has 9 investors. Key investors include Manipal Group, C-CAMP, Maharashtra State Innovation Society, Startup Karnataka, and MEMG Family Office.
The valuation of BlackFrog Technologies is $2.14M as of Oct 2022.
BlackFrog Technologies operates through Blackfrog Technologies Private Limited.
The legal entities of BlackFrog Technologies currently have 2 directors, including Mayur U Shetty, Donson Dsouza.