About Corvi
Corvi is an Energy & Utilities company based in Mumbai (India) founded in 2012 by Bhakti Vimal Soni, Tara Jayant Soni, Rahul Auddy, Jayant Purshottam Soni, and Vimal Soni. Corvi has raised $18.75 million across 3 funding rounds from investors including Enam Holdings, Vallabh Roopchand Bhanshali and Arun Nahar. The company has 48 employees. Corvi was last valued at $27.85 million in July 2017. Its chief executive, as recorded, is Vimal Soni. Its Indian entity Corvi Led Limited reported revenue of ₹11.52 Cr. Its focus areas include Energy Tech, Energy Efficiency Tech, Lighting Products and LED.
Company details
Provider of LED light manufacturer. They provide products like tube lights,down lights,flat lights,surface lights,spot lights. They uses 3d printing technology and digital simulations to develop new products.
- Headquarters Mumbai, India
- Employees 48
- Founders Bhakti Vimal Soni, Tara Jayant Soni, Rahul Auddy, Jayant Purshottam Soni, Vimal Soni
- Stage Minicorn
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website corvi.com
- Social X Facebook
- Legal Name Corvi Led Limited
- Date of Incorporation 25 Jul, 2014
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹11.52 Cr
FY 2024 · -26% YoY
- Net Loss-₹7.77 Cr
FY 2024 · -68% margin
- EBITDA-₹3.49 Cr
FY 2024 · -30% margin
- Total Equity Funding$18.75M (USD)
in 3 rounds
- Latest Funding Round$8M (USD), Series B
Jun 2024
- InvestorsEnam Holdings
& 5 more
- Employee Count48
Associated legal entities of Corvi
Corvi operates through Corvi Led Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Corvi Led Limited CIN U74900MH2014PLC256575 | Active | 25 Jul 2014 | Mumbai, Maharashtra | ₹11.5 Cr | 48 | 4 | View details |
Funding Insights of Corvi
Corvi has successfully raised a total of $18.75M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in June 2024. 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 $18.75M
- Total Rounds 3
- Last Round Series B — $8M
- First Round $747,540
(Oct 2016)
- Investors Count 6
All 3 funding rounds of Corvi 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 |
|---|---|---|---|---|---|
| Jun 2024 | $8M | Series B | – | Enam Holdings | |
| Jul 2017 | $10M | Series A | $27.85M | Hero Enterprise | – |
| Oct 2016 | $747,540 | Angel Round | $13.76M | Jayantilal Rathod | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2017 | $27.85M | •••••••• |
| Oct 2016 | $13.76M | •••••••• |
Last known valuation $27.85M (Jul 2017). 6 investors in total: 3 institutional and 3 angel.
Investors in Corvi
Corvi has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Enam Holdings, Vallabh Roopchand Bhanshali and Arun Nahar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in Indian capital markets and initiatives in asset management and renewable energy. | 1984 | enam.com | Mumbai, India | |
Electric instruments and electrical equipment are manufactured in India. | dhoot.tcc.mode | Mumbai, India | ||
Offers consulting and training for businesses to recruit and mentor young talents. | 2014 | hero-enterprise.com | Leipzig, Germany | |
VR Vallabh Roopchand Bhanshali | unknown_f8f9db430b4f4887a | |||
AN Arun Nahar | unknown_25dfb9013ba74d2d8 | |||
JR Jayantilal Rathod | unknown_e299c4b0c85c44bfb |
Investor details for Corvi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Corvi Led Limited (Corvi)
Corvi Led Limited is the primary company behind Corvi. The board of Corvi Led Limited currently have 4 directors; the longest-serving is Vimal Jayant Soni, appointed in 2014. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vimal Jayant Soni DIN 00249151 | Director | 25 Jul 2014 | 12 yrs 3 mo | Corvi Led Limited |
| Shlok Vimal Soni DIN 09073440 | Director | 01 Sep 2023 | 3 yrs 1 mo | Corvi Led Limited |
| Kunal Avinash Kumthekar DIN 00487540 | Nominee Director | 21 Aug 2024 | 2 yrs 2 mo | Corvi Led Limited |
| Hitesh Prakash Mutha DIN 10744619 | Nominee Director | 21 Aug 2024 | 2 yrs 2 mo | Corvi Led Limited |
People of Corvi
5 people are tracked at Corvi (5 in leadership); the tracked headcount is 48.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Tara Jayant Soni | Co-Founder | Leadership |
Rahul Auddy | Co-Founder & COO | Leadership |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Corvi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Corvi
Figures of Corvi Led Limited, the primary company behind Corvi, for FY 2024. Revenue was ₹11.52 Cr (-26% year on year). Net loss was -₹7.77 Cr (-68% margin). EBITDA was -₹3.49 Cr (-30% margin). Revenue has grown at a compounded annual rate of -25% over three years and -33% over five years.
- ₹11.52 CrRevenue · FY 2024 · -26% YoY
- -₹7.77 CrNet loss · -68% margin
- -₹3.49 CrEBITDA · -30% margin
- ₹2.23 CrPaid-up capital
- 48Employees (provident fund records)
- -25%Revenue CAGR, 3 years
- -33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Corvi Led Limited are on its company page.
Detailed financial statements for Corvi
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 Corvi
4 dated milestones of Corvi across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Corvi is founded.
- Funding First funding round of $748K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $8.0M.
Web traffic of Corvi
The website of Corvi (corvi.com) receives about 2.7K visits a month.
- Monthly visits2.7K
▼ 62.5% vs previous month
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Frequently Asked Questions about Corvi
Corvi was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Corvi is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vimal Soni is the CEO of Corvi, as recorded in our data. They have also founded this company.
Corvi is a funded company, having raised a total of $18.75M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $747.54K, raised on Oct 2016.
Corvi has 48 employees.
The primary company behind Corvi, Corvi Led Limited, reported revenue of ₹11.52 Cr for FY 2024, down 26% year on year.
Provider of LED light manufacturer. They provide products like tube lights,down lights,flat lights,surface lights,spot lights. They uses 3d printing technology and digital simulations to develop new products.
Corvi has 6 investors. Key investors include Enam Holdings, Vallabh Roopchand Bhanshali, Arun Nahar, Dhoot Instruments, and Hero Enterprise.
The valuation of Corvi is $27.85M as of Jul 2017.
Corvi operates through Corvi Led Limited.
The legal entities of Corvi currently have 4 directors, including Shlok Vimal Soni, Kunal Avinash Kumthekar, Vimal Jayant Soni and others.