About Delectrik
Delectrik is a company based in Gurugram (India) founded in 2016 by Vishal Mittal.. Delectrik has raised $377.89 thousand across 3 funding rounds from investors including Dhiraj Taneja, Atul Arora and Naveen Khajuria. Delectrik offers products and services including Flow Batteries. Delectrik operates in a competitive market with competitors including VFlow Tech, CMBlu Energy, Invinity, Standard Energy and Quino Energy, among others.
- Headquarter Gurugram, India
- Founders Vishal Mittal
- Stage Minicorn
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Sectors
Energy & Utilities
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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 Delectrik Systems Pvt Ltd
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$708.09 K (USD)262.5as on Mar 31, 2023
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Net Profit
$87.45 K (USD)609.72as on Mar 31, 2023
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EBITDA
$84.87 K (USD)531.63as on Mar 31, 2023
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Total Equity Funding
$377.89 K (USD)
in 3 rounds
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Latest Funding Round
$377.89 K (USD), Angel Round
Dec 07, 2024
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Investors
IIMA Ventures
& 5 more
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Employee Count
Employee Count
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Products & Services of Delectrik
Delectrik offers a comprehensive portfolio of products and services, including Flow Batteries. 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.
Devices that store renewable energy for reliable 24/7 power supply.
Funding Insights of Delectrik
Delectrik has successfully raised a total of $377.89K across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $377.89 thousand completed in December 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 Total Funding
- Total Rounds 3
- Last Round Angel Round — $377,894
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First Round
First Round
(02 Aug 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Angel Round - Delectrik | Valuation | Dhiraj Taneja | |
| Jun, 2019 | Amount | Seed - Delectrik | Valuation | IIMA Ventures |
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| Aug, 2018 | Amount | Grant - Delectrik | 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 Delectrik
Delectrik has secured backing from 6 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Dhiraj Taneja, Atul Arora and Naveen Khajuria. 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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Early-stage tech startups are supported via venture capital and acceleration.
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Science and technology promotion is managed by this department.
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DT
Dhiraj Taneja |
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Delectrik
| 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 - Delectrik
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Delectrik Comparisons
Competitors of Delectrik
Delectrik 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 VFlow Tech, CMBlu Energy, Invinity, Standard Energy and Quino Energy, 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 |
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| domain | founded_year | HQ Location |
Manufacturer of low-cost, efficient vanadium redox flow batteries
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| domain | founded_year | HQ Location |
Manufacturer of organic solid state energy storage systems
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| domain | founded_year | HQ Location |
Manufacturer of vanadium flow batteries for grid-scale and industrial applications
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| domain | founded_year | HQ Location |
Redox flow batteries are developed with electrolyte circulation technology.
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| domain | founded_year | HQ Location |
Provider of solutions for energy storage systems
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Delectrik
Frequently Asked Questions about Delectrik
When was Delectrik founded?
Delectrik was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Delectrik located?
Delectrik is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Delectrik?
Vishal Mittal is the current CEO of Delectrik. They have also founded this company.
Is Delectrik a funded company?
Delectrik is a funded company, having raised a total of $377.89K across 3 funding rounds to date. The company's 1st funding round was a Grant of $36.56K, raised on Aug 02, 2018.
What is the annual revenue of Delectrik?
Annual revenue of Delectrik is $708.09K as on Mar 31, 2023.
What does Delectrik do?
Delectrik was founded in 2016 in Gurugram, India, and operates as a manufacturer in the energy storage sector. Redox flow batteries are produced, featuring an electrolyte for chemical energy storage in various ionic forms of vanadium within a dilute acid solution, alongside a cell stack for energy conversion. Focus is placed on providing scalable solutions for renewable energy integration across industrial applications.
Who are the top competitors of Delectrik?
Delectrik's top competitors include VFlow Tech, CMBlu Energy and Invinity.
What products or services does Delectrik offer?
Delectrik offers Flow Batteries.
Who are Delectrik's investors?
Delectrik has 6 investors. Key investors include Dhiraj Taneja, Atul Arora, Naveen Khajuria, Purti Sharma, and IIMA Ventures.
What is Delectrik's valuation?
The valuation of Delectrik is $71.49M as of Dec 2024.