About Carnot
Carnot is a company based in Mumbai (India) founded in 2015 by Prathamesh Joshi and Pushkar Limaye was acquired by Mahindra in March 2022.. Carnot has raised $1.45 million across 4 funding rounds from investors including Qualcomm, Mahindra and Whiteboard Capital. The company has 18,219 employees as of January 31, 2025. Carnot offers products and services including Simha Telematics, KrishiDiary, and Simha Data Labs. Carnot operates in a competitive market with competitors including The Climate, SatSure, Fyllo, Fieldin and Fasal, among others.
- Headquarter Mumbai, India
- Employees 18219 as on 31 Jan, 2025
- Founders Prathamesh Joshi, Pushkar Limaye
- Stage Minicorn
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Sectors
TechnologyAgriculture Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carnot Technologies Ltd
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Annual Revenue
$2.97 M (USD)126as on Mar 31, 2023
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Net Profit
$403.18 K (USD)298as on Mar 31, 2023
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EBITDA
$472.25 K (USD)441as on Mar 31, 2023
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Total Equity Funding
$1.45 M (USD)
in 4 rounds
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Latest Funding Round
$1 M (USD), Seed
Feb 22, 2018
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Investors
Qualcomm
& 4 more
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Employee Count
18219
as on Jan 31, 2025
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Acquired by
Mahindra
(Mar 22, 2022)
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Products & Services of Carnot
Carnot offers a comprehensive portfolio of products and services, including Simha Telematics, KrishiDiary, and Simha Data Labs. 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.
Monitors tractor operations for efficient billing and fuel management.
Tracks farm expenses and provides agronomy advice for farmers.
Analyzes agricultural data for insights and business solutions.
Unlock access to complete
Funding Insights of Carnot
Carnot has successfully raised a total of $1.45M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in February 2018. 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 4
- Last Round Seed — $1.0M
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First Round
First Round
(27 Nov 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Seed - Carnot | Valuation | Mahindra | |
| Jan, 2017 | Amount | Grant - Carnot | Valuation |
investors |
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| Apr, 2016 | Amount | Grant - Carnot | Valuation |
investors |
| 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 Carnot
Carnot has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Qualcomm, Mahindra and Whiteboard 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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Investment support is provided to startups by Whiteboard Capital.
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Founded Year | Domain | Location | |
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Diversified operations span automotive, agriculture, and financial services.
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Founded Year | Domain | Location | |
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Provider of cloud and AI-based cellular communication ICs
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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 Carnot
| 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 - Carnot
| 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 |
Carnot Comparisons
Competitors of Carnot
Carnot 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 The Climate, SatSure, Fyllo, Fieldin and Fasal, 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 |
Integrated platform providing hardware and software for farm and weather data analytics
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| domain | founded_year | HQ Location |
Geospatial data analytics are powered by AI for business insights.
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| domain | founded_year | HQ Location |
Fyllo is engaged in providing agritech solutions for farmers.
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| domain | founded_year | HQ Location |
Solution provider to increase efficiency & reduce losses in the harvesting of farm production
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| domain | founded_year | HQ Location |
Crop data analytics solutions are provided for precision farming practices.
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| domain | founded_year | HQ Location |
AI and data-based farming insights are provided to farmers.
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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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Latest news on Carnot
Frequently Asked Questions about Carnot
When was Carnot founded?
Carnot was founded in 2015.
Where is Carnot located?
Carnot is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Carnot a funded company?
Carnot is a funded company, having raised a total of $1.45M across 4 funding rounds to date. The company's 1st funding round was a Grant of $10K, raised on Nov 27, 2015.
How many employees does Carnot have?
As of Jan 31, 2025, the latest employee count at Carnot is 18,219.
What is the annual revenue of Carnot?
Annual revenue of Carnot is $2.97M as on Mar 31, 2023.
What does Carnot do?
Carnot was founded in 2015 in Mumbai, India, within the agricultural technology sector. An AI-enabled guidance system for tractors is offered through a device connected to the OBD port. A mobile app is provided to enable tractor tracking, fuel level management, and accounting and billing functions for users in farming operations.
Who are the top competitors of Carnot?
Carnot's top competitors include Fyllo, Fasal and The Climate.
What products or services does Carnot offer?
Carnot offers Simha Telematics, KrishiDiary, and Simha Data Labs.
Who are Carnot's investors?
Carnot has 5 investors. Key investors include Qualcomm, Mahindra, Whiteboard Capital, Kunal Shah, and Sandeep Tandon.
What is Carnot's valuation?
The valuation of Carnot is $2.55M as of Nov 2015.
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