About edgegrid
edgegrid is a company based in Hyderabad (India) founded in 2020 by Vamsi TP, Lakshmi Prasad Yerneni, Neeraj Sansanwal, Venkata Sunil Kumar Talla, Mushtaq Ahmed, and Prasad Yerneni.. edgegrid has raised $6 million across 1 funding round from investors including Lightrock, Theia Ventures and Valiant Investment and Traders. The company has 44 employees as of April 03, 2024. edgegrid operates in a competitive market with competitors including Enmacc, Fendahl, Exnaton, Open Energy Market and Skystream Markets, among others.
- Headquarter Hyderabad, India
- Employees 44 as on 03 Apr, 2024
- Founders Vamsi TP, Lakshmi Prasad Yerneni, Neeraj Sansanwal, Venkata Sunil Kumar Talla, Mushtaq Ahmed, Prasad Yerneni
- 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
*********
- Legal Name Grid Edgewrks Private Limited
- Date of Incorporation 14 Nov, 2019
- Jurisdiction Gandipeta, Telangana, India
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Annual Revenue
$4.24 K (USD)0as on Mar 31, 2022
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Net Profit
$-48.72 K (USD)-1836.25as on Mar 31, 2022
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EBITDA
$-43.81 K (USD)-1768as on Mar 31, 2022
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Seed
Mar 19, 2022
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Investors
Lightrock
& 2 more
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Employee Count
44
as on Apr 03, 2024
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Funding Insights of edgegrid
edgegrid has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Seed round of $6 million completed in March 2022. 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 1
- Last Round Seed — $6.0M
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First Round
First Round
(19 Mar 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - edgegrid | Valuation | Lightrock |
| 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 edgegrid
edgegrid has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Lightrock, Theia Ventures and Valiant Investment and Traders. 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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Theia Ventures is focused on investing in decarbonization technology companies.
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Founded Year | Domain | Location | |
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Investments are directed toward growth-stage companies generating scalable impact.
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Founded Year | Domain | Location | |
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Investment and trading operations are managed in Mumbai, India.
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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 edgegrid
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - edgegrid
| 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 |
Edgegrid Comparisons
Competitors of edgegrid
edgegrid 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 Enmacc, Fendahl, Exnaton, Open Energy Market and Skystream Markets, 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 |
OTC energy trading platform for investors
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| domain | founded_year | HQ Location |
Offers CTRM software solutions for global commodity trading organizations.
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| domain | founded_year | HQ Location |
AI SaaS platform for energy providers managing dynamic tariffs and EV charging.
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| domain | founded_year | HQ Location |
Energy buying platform
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| domain | founded_year | HQ Location |
Online energy commodity exchange solutions are provided to market participants.
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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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Frequently Asked Questions about edgegrid
When was edgegrid founded?
edgegrid was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is edgegrid located?
edgegrid is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of edgegrid?
Venkata Sunil Kumar Talla is the current CEO of edgegrid. They have also founded this company.
Is edgegrid a funded company?
edgegrid is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Seed of $6M, raised on Mar 19, 2022.
How many employees does edgegrid have?
As of Apr 03, 2024, the latest employee count at edgegrid is 44.
What is the annual revenue of edgegrid?
Annual revenue of edgegrid is $4.24K as on Mar 31, 2022.
What does edgegrid do?
Edgegrid was founded in 2020 in Hyderabad, India, within the energy sector. An app-based platform is operated to link power sellers with individuals, businesses, and distribution companies. Solar power transactions are enabled among community members, while budgets can be established for price alerts. Hidden charges and bill irregularities are detected through the system. The application is accessible on Android devices.
Who are the top competitors of edgegrid?
edgegrid's top competitors include Enmacc, Open Energy Market and Jasmine.
Who are edgegrid's investors?
edgegrid has 3 investors. Key investors include Lightrock, Theia Ventures, and Valiant Investment and Traders.
What is edgegrid's valuation?
The valuation of edgegrid is $16.71M as of Mar 2022.
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