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
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- 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.
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.
People of Carnot
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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.
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.
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Investment support is provided to startups by Whiteboard Capital.
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Diversified operations span automotive, agriculture, and financial services.
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Provider of cloud and AI-based cellular communication ICs
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Investor details for Carnot
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Investments & Acquisitions by Carnot
Investment portfolio details for Carnot
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Financial Statements - Carnot
Detailed financials for Carnot
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Carnot Comparisons
Peer comparison for Carnot
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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.
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Integrated platform providing hardware and software for farm and weather data analytics
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Geospatial data analytics are powered by AI for business insights.
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Fyllo is engaged in providing agritech solutions for farmers.
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Solution provider to increase efficiency & reduce losses in the harvesting of farm production
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Crop data analytics solutions are provided for precision farming practices.
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AI and data-based farming insights are provided to farmers.
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Detailed competitors of Carnot
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Latest news on Carnot
Complete news archive for Carnot
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Frequently Asked Questions about Carnot
Carnot was founded in 2015.
Carnot is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Carnot is a funded company, having raised a total of $1.45M across 4 funding rounds to date.
As of Jan 31, 2025, the latest employee count at Carnot is 18,219.
Annual revenue of Carnot is $2.97M as on Mar 31, 2023.
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.
Carnot's top competitors include Fyllo, Fasal and The Climate.
Carnot offers Simha Telematics, KrishiDiary, and Simha Data Labs.
Carnot has 5 investors. Key investors include Qualcomm, Mahindra, Whiteboard Capital, Kunal Shah, and Sandeep Tandon.
The valuation of Carnot is $2.55M as of Nov 2015.