About Blend
Blend is a company based in Bengaluru (India) founded in 2021 by Vaibhav Prakash, Jamsheed Kamardeen, and Vishwanath Kollapudi. It operates as a API-as-a-Product, and Freemium. Blend has raised $3.21 million across 3 funding rounds from investors including Angel List, 3one4 Capital and PointOne Capital. The company has 1 employees as of October 07, 2024. Blend offers products and services including AI Background Eraser, Photo Editor API, and Logo Maker. Blend operates in a competitive market with competitors including PhotoRoom, DoMyShoot, Unfaze, Fotographer AI and Ayna, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 07 Oct, 2024
- Founders Vaibhav Prakash, Jamsheed Kamardeen, Vishwanath Kollapudi
- Stage Minicorn
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Blendit Studios Pvt Ltd
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$133.94 K (USD)640.2as on Mar 31, 2023
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Net Profit
$-509.59 K (USD)-354.9as on Mar 31, 2023
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EBITDA
$-324.6 K (USD)-152.62as on Mar 31, 2023
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Total Equity Funding
$3.21 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Angel List
& 28 more
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Employee Count
1
as on Oct 07, 2024
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Products & Services of Blend
Blend offers a comprehensive portfolio of products and services, including AI Background Eraser, Photo Editor API, and Logo Maker. 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.
Backgrounds are removed using AI for professional results.
API is provided for integrating photo editing features.
Logos are created easily with customizable design options.
Funding Insights of Blend
Blend has successfully raised a total of $3.21M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(23 Apr 2021)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Blend | Valuation | Surge |
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| Nov, 2021 | Amount | Seed - Blend | Valuation | Surge Ventures , Sequoia Capital | |
| Apr, 2021 | Amount | Seed - Blend | Valuation | PointOne Capital |
| 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 Blend
Blend has secured backing from 29 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, 3one4 Capital and PointOne Capital. 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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Acceleration is provided to startups across multiple sectors by Surge.
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Founded Year | Domain | Location | |
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Venture capital services are extended to early-stage startups.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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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 Blend
| 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 - Blend
| 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 |
Blend Comparisons
Competitors of Blend
Blend 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 PhotoRoom, DoMyShoot, Unfaze, Fotographer AI and Ayna, 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 |
Product and portrait photo editing is enabled through mobile application.
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| domain | founded_year | HQ Location |
SaaS app for product photography is provided to online sellers.
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| domain | founded_year | HQ Location |
Short-form videos and product images are generated via AI software.
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| domain | founded_year | HQ Location |
Product images are generated by AI for e-commerce and marketing.
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| domain | founded_year | HQ Location |
AI solutions for generating fashion models and photoshoots are provided.
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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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Frequently Asked Questions about Blend
When was Blend founded?
Blend was founded in 2021.
Where is Blend located?
Blend is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Blend?
Vishwanath Kollapudi is the current CEO of Blend. They have also founded this company.
Is Blend a funded company?
Blend is a funded company, having raised a total of $3.21M across 3 funding rounds to date. The company's 1st funding round was a Seed of $332.39K, raised on Apr 23, 2021.
How many employees does Blend have?
As of Oct 07, 2024, the latest employee count at Blend is 1.
What is the annual revenue of Blend?
Annual revenue of Blend is $133.94K as on Mar 31, 2023.
What does Blend do?
Blend is engaged in providing AI-based solutions for photo editing and design creation. Tools such as background removal, logo making, and social media posters are offered to various industries including eCommerce, graphic design, and marketing. Advanced features like HD downloads and multiple image editing are supported for professional use. The company serves developers through a dedicated API, enabling seamless integration of editing capabilities into other platforms.
Who are the top competitors of Blend?
Blend's top competitors include PhotoRoom, DoMyShoot and Fotographer AI.
What products or services does Blend offer?
Blend offers AI Background Eraser, Photo Editor API, and Logo Maker.
Who are Blend's investors?
Blend has 29 investors. Key investors include Angel List, 3one4 Capital, PointOne Capital, Surge, and Surge Ventures.
What is Blend's valuation?
The valuation of Blend is $14.93M as of Jan 2022.