About Candes
Candes is a company based in Delhi (India) founded in 2010 by Sandeep Aggarwal and Vipin Aggarwal was acquired by GlobalBees in April 2026. Candes has raised $29.39 million across 3 funding rounds from investors including GlobalBees, Ruchirans Jaipuria and Anuraag Jaipuria. The company has 84 employees as of March 22, 2024. Candes offers products and services including Smart LED TV, Ceiling Fan, Induction Cooktop, Washing Machine, and Kitchen Chimney. Candes operates in a competitive market with competitors including Atomberg, Lifelong Online, Nuuk and Amplesta, among others.
- Headquarter Delhi, India
- Employees 84 as on 22 Mar, 2024
- Founders Sandeep Aggarwal, Vipin Aggarwal
- Stage Minicorn
-
Sectors
RetailConsumer
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Candes Technology Private Limited
- Date of Incorporation 25 Jan, 2021
- Jurisdiction New Delhi, Delhi, India
-
Annual Revenue
$10.79 M (USD)4.45as on Mar 31, 2023
-
Net Profit
-$1.77 M (USD)-786.14as on Mar 31, 2023
-
EBITDA
-$1.39 M (USD)-2603.04as on Mar 31, 2023
-
Total Equity Funding
$29.39 M (USD)
in 3 rounds
-
Latest Funding Round
$26.39 M (USD), Series A
Mar 01, 2022
-
Investors
GlobalBees
& 5 more
-
Employee Count
84
as on Mar 22, 2024
-
Acquired by
GlobalBees
(Apr 01, 2026)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Candes
Candes offers a comprehensive portfolio of products and services, including Smart LED TV, Ceiling Fan, Induction Cooktop, Washing Machine, and Kitchen Chimney.
Television with smart features for home entertainment and streaming.
High-speed fan designed for efficient room cooling and decoration.
Energy-efficient cooktop for fast and safe meal preparation.
Machine for automated laundry cleaning and fabric care.
Ventilation device to remove smoke and odors during cooking.
Funding Insights of Candes
Candes has successfully raised a total of $29.39M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $26.39 million completed in March 2022. 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 Candes
Candes has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include GlobalBees, Ruchirans Jaipuria and Anuraag Jaipuria.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Direct-to-consumer brands are built and scaled through a technology platform.
|
Locked | Locked | Locked | |
|
Beverages are produced and distributed by Jai Beverages in India.
|
Locked | Locked | Locked | |
|
RJ
Ruchirans Jaipuria |
-
|
Locked | Locked | Locked |
Investor details for Candes
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Candes
Investment portfolio details for Candes
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Candes
Detailed financials for Candes
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Candes Comparisons
Peer comparison for Candes
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Candes
Candes 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 Atomberg, Lifelong Online, Nuuk and Amplesta, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Energy-efficient ceiling fans and smart home appliances are provided.
|
|
| Locked | Locked | Locked |
Home appliances and personal care products are manufactured and sold.
|
|
| Locked | Locked | Locked |
Manufacturer of design-focused home appliances
|
|
| Locked | Locked | Locked |
Online platform selling home appliances like irons, coolers, and kettles directly.
|
Detailed competitors of Candes
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Candes
Complete news archive for Candes
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Candes
Candes was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Candes is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Candes is a funded company, having raised a total of $29.39M across 3 funding rounds to date.
As of Mar 22, 2024, the latest employee count at Candes is 84.
Annual revenue of Candes is $10.79M as on Mar 31, 2023.
Candes was founded in 2010 in Delhi, India, and operates as an internet-first brand in the home appliances sector. A range of products is provided, including fans, water heaters, stabilizers, televisions, mixers, irons, gas stoves, exhaust fans, and additional items. Integration with a mobile application is featured across all products, along with compatibility for voice assistants such as Alexa and Google Assistant.
Candes's top competitors include Atomberg, Lifelong Online and Nuuk.
Candes offers Smart LED TV, Ceiling Fan, Induction Cooktop, Washing Machine, and Kitchen Chimney.
Candes has 6 investors. Key investors include GlobalBees, Ruchirans Jaipuria, Anuraag Jaipuria, Nitin Passi, and Dheeraj Jain.
The valuation of Candes is $20.21M as of Jun 2016.