About Canpac
Canpac is a company based in Ahmedabad (India) founded in 2004 by Nilesh Todi.. Canpac has raised $61.47 million across 12 funding rounds from investors including State Bank of India, JM Financial Private Equity and Edutest Solutions. The company has 397 employees as of October 28, 2024. Canpac has completed 2 acquisitions, including Saptagiripackaging and Veritech. Canpac offers products and services including Folding Cartons and Corrugated Cartons.
- Headquarter Ahmedabad, India
- Employees 397 as on 28 Oct, 2024
- Founders Nilesh Todi
- Stage Minicorn
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Email
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Phone
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Website
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Social
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- Legal Name Canpac Trends Private Limited
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$39.02 M (USD)111.13as on Mar 31, 2024
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Net Profit
$1.1 M (USD)5.09as on Mar 31, 2024
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EBITDA
$5.94 M (USD)91.71as on Mar 31, 2024
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Total Equity Funding
$61.47 M (USD)
in 12 rounds
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Latest Funding Round
$46.79 M (USD), Series B
Dec 14, 2023
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Investors
State Bank of India
& 40 more
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Employee Count
397
as on Oct 28, 2024
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Investments & Acquisitions
Saptagiripackaging
& 1 more
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Products & Services of Canpac
Canpac offers a comprehensive portfolio of products and services, including Folding Cartons and Corrugated Cartons. 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.
Folding cartons are supplied for various packaging needs across industries.
Corrugated cartons are provided for protective and durable packaging solutions.
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Funding Insights of Canpac
Canpac has successfully raised a total of $61.47M across 12 strategic funding rounds. The most recent funding activity was a Series B round of $46.79 million completed in December 2023. 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 12
- Last Round Series B — $46.8M
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First Round
First Round
(31 Mar 2007)
- Investors Count 41
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series B - Canpac | Valuation | Investcorp | |
| Sep, 2021 | Amount | Series A - Canpac | Valuation | Edutest Solutions | |
| Mar, 2021 | Amount | Series A - Canpac | Valuation | JM Financial Private Equity |
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| 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 Canpac
Canpac has secured backing from 41 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Bank of India, JM Financial Private Equity and Edutest Solutions. 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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Private equity, real estate, and credit investments are managed globally.
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Founded Year | Domain | Location | |
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Growth-equity focused private firm investing in SMEs
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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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
|
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 Canpac
Canpac has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Saptagiripackaging and Veritech. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multiple industries are operated across by Veritech conglomerate.
|
1992 | ||||
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High-quality printed packaging solutions are manufactured for diverse sectors.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Canpac
| 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 |
Canpac Comparisons
Competitors of Canpac
| 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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Latest news on Canpac
Frequently Asked Questions about Canpac
When was Canpac founded?
Canpac was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Canpac located?
Canpac is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is Canpac a funded company?
Canpac is a funded company, having raised a total of $61.47M across 12 funding rounds to date. The company's 1st funding round was a Series A of $8.23M, raised on Mar 31, 2007.
How many employees does Canpac have?
As of Oct 28, 2024, the latest employee count at Canpac is 397.
What is the annual revenue of Canpac?
Annual revenue of Canpac is $39.02M as on Mar 31, 2024.
What does Canpac do?
Canpac was established in 2004 in Ahmedabad, India, as a provider of printing and packaging solutions within the manufacturing sector. A range of products is offered, including corrugated cartons in single, double, and triple wall variants, duplex printed cartons, flexible laminate pouches, paper bags, and rigid boxes. Operations serve clients across multiple industries, such as food, retail, and consumer goods, with examples including ITC, Amul, HM, and Tesco.
What products or services does Canpac offer?
Canpac offers Folding Cartons and Corrugated Cartons.
How many acquisitions has Canpac made?
Canpac has made 2 acquisitions, including Saptagiripackaging, and Veritech.
Who are Canpac's investors?
Canpac has 41 investors. Key investors include State Bank of India, JM Financial Private Equity, Edutest Solutions, Investcorp, and Arihant Patni.
What is Canpac's valuation?
The valuation of Canpac is $51M as of Sep 2021.