About Elchemy
Elchemy is a company based in Mumbai (India) founded in 2021 by Hardik Seth and Shobhit Jain.. Elchemy has raised $7.56 million across 2 funding rounds from investors including Info Edge, Vinati Organics and Prime Venture Partners. The company has 14 employees as of July 25, 2024. Elchemy offers products and services including Custom Manufacturing, Customized Formulations, DOMS, and Quality Assurance.
- Headquarter Mumbai, India
- Employees 14 as on 25 Jul, 2024
- Founders Hardik Seth, Shobhit Jain
- Stage Minicorn
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Sectors
Chemicals & Materials
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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 Bizinbiz Technologies Private Limited
- Date of Incorporation 28 Jun, 2021
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$781.39 K (USD)8582.16as on Mar 31, 2023
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Net Profit
$-139.35 K (USD)-6520.49as on Mar 31, 2023
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EBITDA
$-288.16 K (USD)-9129.83as on Mar 31, 2023
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Total Equity Funding
$7.56 M (USD)
in 2 rounds
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Latest Funding Round
$5.6 M (USD), Series A
Nov 18, 2024
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Investors
Info Edge
& 26 more
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Employee Count
14
as on Jul 25, 2024
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Products & Services of Elchemy
Elchemy offers a comprehensive portfolio of products and services, including Custom Manufacturing, Customized Formulations, DOMS, and Quality Assurance. 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.
Personalized chemical formulations tailored to specific industry needs
Crafting formulations for optimal performance and quality
Platform for optimizing chemical industry operations
Ensuring products meet regulatory and industry standards
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Funding Insights of Elchemy
Elchemy has successfully raised a total of $7.56M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.6 million completed in November 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 2
- Last Round Series A — $5.6M
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First Round
First Round
(24 Mar 2022)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series A - Elchemy | Valuation | Prime Venture Partners | |
| Mar, 2022 | Amount | Seed - Elchemy | Valuation | Vinati Organics , Arun Venkatachalam |
| 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 Elchemy
Elchemy has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Info Edge, Vinati Organics and Prime Venture Partners. 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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Venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Venture capital firm backed by Info Edge and Temasek
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Founded Year | Domain | Location | |
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Specialty chemicals and organic intermediates are manufactured by the company.
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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 Elchemy
| 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 - Elchemy
| 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 |
Elchemy Comparisons
Competitors of Elchemy
| 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 Elchemy
When was Elchemy founded?
Elchemy was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Elchemy located?
Elchemy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Elchemy a funded company?
Elchemy is a funded company, having raised a total of $7.56M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.96M, raised on Mar 24, 2022.
How many employees does Elchemy have?
As of Jul 25, 2024, the latest employee count at Elchemy is 14.
What is the annual revenue of Elchemy?
Annual revenue of Elchemy is $781.39K as on Mar 31, 2023.
What does Elchemy do?
Elchemy was founded in 2021 and is headquartered in Mumbai, India. Operations focus on the chemical sector, where building blocks and intermediates are distributed to various industries. Custom manufacturing services encompass tailored formulations, quality assurance, and process development. Regulatory compliance is managed through ethical sourcing of ingredients, with supporting documentation aligned to industry standards.
What products or services does Elchemy offer?
Elchemy offers Custom Manufacturing, Customized Formulations, DOMS, and Quality Assurance.
Who are Elchemy's investors?
Elchemy has 27 investors. Key investors include Info Edge, Vinati Organics, Prime Venture Partners, Info Edge Ventures, and Arun Venkatachalam.
What is Elchemy's valuation?
The valuation of Elchemy is $27.73M as of Nov 2024.