About Cancrie
Cancrie is a company based in Jaipur (India) founded in 2020 by Mahi Singh and Akshay Jain. Cancrie has raised $1.32 million across 2 funding rounds from investors including Techstars, Roots Ventures and Fondation Botnar. The company has 1 employees. Cancrie offers products and services including Nanocarbon Material and Advanced Composites. Cancrie operates in a competitive market with competitors including Jacobi Carbons, CarbonX, Birla Carbon, UP Catalyst and Orion Engineered Carbons, among others.
- Headquarter Jaipur, India
- Employees 1
- Founders Mahi Singh, Akshay Jain
- SectorsEnergy & UtilitiesTechnology Chemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website cancrie.co
- Social LinkedIn X
- Legal Name Cancrie Private Limited
- Date of Incorporation 02 Aug, 2020
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹1.13 Cr
FY 2025 · +42% YoY
- Net Loss-₹81.7 Lakh
FY 2025 · -72% margin
- EBITDA-₹71.2 Lakh
FY 2025 · -63% margin
- Total Equity Funding$1.32M (USD)
in 2 rounds
- Latest Funding Round$1.2M (USD), Seed
Jan 2025
- InvestorsTechstars
& 4 more
- Employee Count1
Associated legal entities of Cancrie
Cancrie operates through Cancrie Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cancrie Private Limited CIN U37200RJ2020PTC070052 | Active | 02 Aug 2020 | Jaipur, Rajasthan | ₹1.1 Cr | – | 2 | View details |
Products & Services of Cancrie
Cancrie offers a comprehensive portfolio of products and services, including Nanocarbon Material and Advanced Composites.
Converts waste into high-performance material for batteries.
Enhances device efficiency with eco-friendly production methods.
Funding Insights of Cancrie
Cancrie has successfully raised a total of $1.32M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.2 million completed in January 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 $1.32M
- Total Rounds 2
- Last Round Seed — $1.2M
- First Round $120,000
(Sep 2021)
- Investors Count 5
All 2 funding rounds of Cancrie 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 |
|---|---|---|---|---|---|
| Jan 2025 | $1.2M | Seed | – | Roots Ventures | |
| Sep 2021 | $120,000 | Seed | – | – |
5 investors in total: 5 institutional.
Investors in Cancrie
Cancrie has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Techstars, Roots Ventures and Fondation Botnar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments conducted in a sector-agnostic manner. | 2018 | roots-ventures.com | Gurugram, India | |
Early-stage tech startups are supported via venture capital and acceleration. | – | iimaventures.com | Ahmedabad, India | |
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Foundation focused on healthcare, wellbeing, innovative programs, AI, and research sectors | 2003 | fondationbotnar.org | Basel, Switzerland | |
Investing in sustainable companies, providing advisory on decarbonization, and talent services globally. | 2017 | sagana.com | Wollerau, Switzerland |
Investor details for Cancrie
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Cancrie Private Limited (Cancrie)
Cancrie Private Limited is the primary company behind Cancrie. The board of Cancrie Private Limited currently have 2 directors; the longest-serving is Mahi Singh, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahi Singh DIN 08720399 | Director | 02 Aug 2020 | 6 yrs 2 mo | Cancrie Private Limited |
| Akshay Jain DIN 09137141 | Director | 06 Apr 2021 | 5 yrs 6 mo | Cancrie Private Limited |
People of Cancrie
2 people are tracked at Cancrie (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Cancrie
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Cancrie
Figures of Cancrie Private Limited, the primary company behind Cancrie, for FY 2025. Revenue was ₹1.13 Cr (+42% year on year). Net loss was -₹81.7 Lakh (-72% margin). EBITDA was -₹71.2 Lakh (-63% margin). Revenue has grown at a compounded annual rate of +58% over three years.
- ₹1.13 CrRevenue · FY 2025 · +42% YoY
- -₹81.7 LakhNet loss · -72% margin
- -₹71.2 LakhEBITDA · -63% margin
- ₹1.2 LakhPaid-up capital
- +58%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Cancrie Private Limited are on its company page.
Detailed financial statements for Cancrie
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Cancrie
3 dated milestones of Cancrie across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Cancrie is founded.
- Funding First funding round of $120K.
- Funding Latest funding round, Seed, of $1.2M.
Competitors of Cancrie
Cancrie 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 Jacobi Carbons, CarbonX, Birla Carbon, UP Catalyst and Orion Engineered Carbons, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jacobi.net | 1916 | Kalmar, Sweden | – | 377 | High-quality activated carbons are manufactured from coconut shells. | |
| carbonx.nl | 2014 | Amsterdam, Netherlands | $20.19M | – | Nanosized carbon structures are manufactured from filament-based networks. | |
| birlacarbon.com | 1988 | Mumbai, India | – | 504 | Manufacturer of carbon black additives | |
| upcatalyst.com | 2019 | Tallinn, Estonia | $7.5M | 37 | Carbon nanomaterials are sourced from waste biomass for production. | |
| orioncarbons.com | 2011 | Niederanven, Luxembourg | – | 308 | Producer and suppliers of carbon black | |
| epsiloncarbon.com | 2010 | Mumbai, India | – | 623 | Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives | |
| 5eadvancedmaterials.com | 2016 | Hesperia, United States | – | 43 | Provider of advanced decarbonization materials | |
| bygen.com.au | 2017 | Adelaide, Australia | $2.6M | – | Producers of activated carbon | |
| conovateinc.com | 2016 | Milwaukee, United States | $3.53M | 6 | Carbon-based nanostructure products and equipment are developed for battery applications. |
Detailed competitors of Cancrie
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Latest news on Cancrie
Complete news archive for Cancrie
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Similar companies to Cancrie
10 companies that operate in the same segment as Cancrie (Energy Storage), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of lithium battery modules | 1997 | Shenzhen, Guangdong, China | – | USD 9.01 B | 54,290 | |
Batteries and automotive components are manufactured by Amara Raja Group. | 1985 | Hyderabad, Telangana, India | – | – | – | |
Composite pressure cylinders are supplied for mobility and storage uses. | 2008 | Alesund, Møre And Romsdal, Norway | – | USD 292.68 M | 1,020 | |
Platinum, rhodium, and palladium-based materials are manufactured by Umicore. | 1805 | Brussels, Brussels-capital Region, Belgium | – | USD 292.16 K | 1 | |
Lithium-ion battery packs for EVs and energy storage are manufactured. | 2018 | Noida, Uttar Pradesh, India | USD 1.5 M | USD 31.66 M | 8 | |
Developer of bespoke power storage systems for industrial and grid applications | 2009 | Durham, North Carolina, United States | USD 276.49 M | – | – | |
Automotive batteries and solar products are manufactured by Livguard. | 2014 | Gurugram, Haryana, India | USD 65.14 M | USD 411.14 M | 1,737 | |
Batteries and energy storage systems are manufactured in various chemistries. | 1924 | New York, New York, United States | – | – | 32 | |
Exide is recognized as India's largest battery manufacturer. | 1947 | Kolkata, West Bengal, India | USD 220 M | USD 1.91 B | 20,690 | |
Free mobile charging kiosks are installed in retail stores. | 2012 | Philadelphia, Pennsylvania, United States | USD 35.85 M | – | 41 |
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Frequently Asked Questions about Cancrie
Cancrie was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Cancrie is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Cancrie is a funded company, having raised a total of $1.32M across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Sep 2021.
Cancrie has 1 employees.
The primary company behind Cancrie, Cancrie Private Limited, reported revenue of ₹1.13 Cr for FY 2025, up 42% year on year.
Cancrie was founded in 2020 in Jaipur, India. Nanocarbon materials for energy storage devices are produced by the company, with a focus on the nanomaterials sector. Patented technology is sourced from waste materials and employs reduced chemical usage. Sustainable options for energy storage applications are offered across operations in India.
Cancrie's top competitors include UP Catalyst, Jacobi Carbons and CarbonX.
Cancrie offers Nanocarbon Material and Advanced Composites.
Cancrie has 5 investors. Key investors include Techstars, Roots Ventures, Fondation Botnar, IIMA Ventures, and SAGANA.
Cancrie operates through Cancrie Private Limited.
The legal entities of Cancrie currently have 2 directors, including Akshay Jain, Mahi Singh.