About Candes
Candes is a Retail company based in Delhi (India) founded in 2010 by Sandeep Aggarwal and Vipin Aggarwal, and was acquired by GlobalBees in April 2026. Home appliances are offered by Candes as an internet-first brand. It operates in the Retail and Consumer sectors. Candes has raised $29.39 million across 3 funding rounds from investors including GlobalBees, Ruchirans Jaipuria and Anuraag Jaipuria. The company has 84 employees. Candes was last valued at $20.21 million in June 2016. Its Indian entity Candes Technology Private Limited reported revenue of ₹38.83 Cr. Candes offers products and services including Smart LED TV, Ceiling Fan, Induction Cooktop, Washing Machine, and Kitchen Chimney. Its focus areas include Home Improvements, B2C Commerce, Home Appliances and Multi Category. Its competitors include Atomberg, Lifelong Online and Nuuk; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Employees 84
- Founders Sandeep Aggarwal, Vipin Aggarwal
- Stage Acquired
- SectorsRetailConsumer
- Email••••••••
- Phone•••• ••••
- Website candesworld.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by GlobalBees (Apr 2026)
- Legal Name Candes Technology Private Limited
- Date of Incorporation 25 Jan, 2021
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹38.83 Cr
FY 2025 · -44% YoY
- Net Loss-₹18.65 Cr
FY 2025 · -48% margin
- EBITDA-₹8.43 Cr
FY 2025 · -22% margin
- Total Equity Funding$29.39M (USD)
in 3 rounds
- Latest Funding Round$26.39M (USD), Series A
Mar 2022
- InvestorsGlobalBees
& 5 more
- Employee Count84
- Acquired byGlobalBees
(Apr 2026)
Associated legal entities of Candes
Candes is associated with 2 registered companies on The Company Check; the primary company is Candes Technology Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Candes Technology Private Limited CIN U31909DL2021PTC376160 | Active | 25 Jan 2021 | New Delhi, Delhi | ₹38.8 Cr | 84 | 3 | View details |
| Globalbees Brands Private Limited CIN U24299DL2021PTC380760 | Active | 03 May 2021 | New Delhi, Delhi | ₹50.5 Cr | 178 | 9 | View details |
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.
Apps and channels of Candes
its YouTube channel Candes World has 1.82K subscribers and 16 videos.
Videos from Candes
The most watched videos on Candes's YouTube channel, Candes World (1.82K subscribers). Click a video to play it here.
More on Candes World.
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.
- Total Funding $29.39M
- Total Rounds 3
- Last Round Series A — $26.39M
- Investors Count 6
All 3 funding rounds of Candes 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 |
|---|---|---|---|---|---|
| Mar 2022 | $26.39M | Series A | – | GlobalBees | – |
| Jun 2021 | $3M | Seed | – | Ruchirans Jaipuria, Anuraag Jaipuria | |
| Jun 2016 | Seed | $20.21M | Dheeraj Jain | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2016 | $20.21M | •••••••• |
Last known valuation $20.21M (Jun 2016). 6 investors in total: 2 institutional and 4 angel.
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. | 2021 | globalbees.com | Delhi, India | |
Beverages are produced and distributed by Jai Beverages in India. | jaibeverages.tcc.mode | Delhi, India | ||
RJ Ruchirans Jaipuria | unknown_211aa5b45eca4ff49 | |||
AJ Anuraag Jaipuria | unknown_e47541628fc7438ba | |||
NP Nitin Passi | Angel investor and entrepreneur, known for early-stage investments in Indian startups. | unknown_c31a47af647749039 | ||
DJ Dheeraj Jain | Angel investor, ex-Redbus, active in Indian startup ecosystem | unknown_840ac3d642934db2b |
Investor details for Candes
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Candes Technology Private Limited (Candes)
Candes Technology Private Limited is the primary company behind Candes. The boards of the 2 registered companies of Candes currently have 8 directors; the longest-serving is Supam Satyanarayan Maheshwari, appointed in 2021. 25 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Supam Satyanarayan Maheshwari DIN 01730685 | Director | 03 May 2021 | 5 yrs 5 mo | Globalbees Brands Private Limited |
| Kshitij Pankaj Sheth DIN 00125058 | Director | 20 Jul 2021 | 5 yrs 3 mo | Globalbees Brands Private Limited |
| Neeraj Sagar DIN 09475452 | Director | 12 Dec 2023 | 2 yrs 10 mo | Globalbees Brands Private Limited |
| Anuj Jain DIN 11077148 | CEO | 24 Apr 2025 | 1 yr 6 mo | Globalbees Brands Private Limited |
| Gautam Sharma DIN 08776136 | Director | 01 May 2025 | 1 yr 5 mo | Globalbees Brands Private Limited |
| Robin Vijan DIN 11086018 | Director | 11 May 2025 | 1 yr 5 mo | Candes Technology Private Limited, Globalbees Brands Private Limited |
| Bharat Mundhra DIN 11178472 | Director | 01 Jul 2025 | 1 yr 3 mo | Candes Technology Private Limited |
| Sukhjeet Singh Chahal DIN 09129636 | Additional Director | 30 Sep 2025 | 1 yr | Candes Technology Private Limited |
People of Candes
2 people are tracked at Candes (2 in leadership); the tracked headcount is 84.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Candes
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Candes
Figures of Candes Technology Private Limited, the primary company behind Candes, for FY 2025. Revenue was ₹38.83 Cr (-44% year on year). Net loss was -₹18.65 Cr (-48% margin). EBITDA was -₹8.43 Cr (-22% margin). Revenue has grown at a compounded annual rate of -23% over three years.
- ₹38.83 CrRevenue · FY 2025 · -44% YoY
- -₹18.65 CrNet loss · -48% margin
- -₹8.43 CrEBITDA · -22% margin
- ₹1.2 LakhPaid-up capital
- 84Employees (provident fund records)
- -23%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Candes Technology Private Limited are on its company page.
Detailed financial statements for Candes
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Candes
5 dated milestones of Candes across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Candes is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $26.4M.
- Exit Acquired by GlobalBees.
Competitors of Candes
Candes has 3 listed competitors in our database, 3 of them funded. They include Atomberg, Lifelong Online and Nuuk.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| atomberg.com | 2012 | Mumbai, India | $95.2M | 957 | Energy-efficient ceiling fans and smart home appliances are provided. | |
| lifelongindiaonline.com | 2015 | Gurugram, India | $28.86M | 248 | Home appliances and personal care products are manufactured and sold. | |
| nuuk.in | 2023 | Gurugram, India | $9.77M | Manufacturer of design-focused home appliances |
Detailed competitors of Candes
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Candes
The website of Candes (candesworld.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 36.1% vs previous month
Websites whose visitors overlap most with Candes. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
wyzrindia.com | wyzrindia.com | 100% | #5,380,401 | – | |
| youlite.in | 93% | #1,267,583 | View details | ||
| kuhl.in | 88% | 32.4K | #905,028 | View details | |
shop.singerindia.com | shop.singerindia.com | 80% | #597,765 | – | |
| superfan.in | 78% | 24.5K | #1,010,052 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Candes
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Consumer Electronics E-Commerce
3 companies that operate in the same segment as Candes (Consumer Electronics E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Refurbished and new gadgets are offered through an online marketplace. | 2009 | Gurugram, Haryana, India | USD 130.05 M | USD 99.25 M | 1,264 | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Personal audio products, wearables, and mobile accessories are retailed. | 2016 | Gurugram, Haryana, India | USD 206 M | USD 366.28 M | 495 |
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Related news about Candes
Complete news archive for Candes
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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.
Candes has 84 employees.
The primary company behind Candes, Candes Technology Private Limited, reported revenue of ₹38.83 Cr for FY 2025, down 44% year on year.
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.
Candes is associated with 2 legal entities: Candes Technology Private Limited, Globalbees Brands Private Limited.
Yes. Candes was acquired by GlobalBees in April 2026.