About Elemential
Elemential is a Technology company based in Mumbai (India) founded in 2016 by Raunaq Vaisoha and Sahil Kathpal. It operates as a blockchain-enabled platforms for application development are provided. Elemential has raised $1.01 million across 2 funding rounds from investors including Lightspeed Venture Partners, Digital Currency Group and Hinduja Group. Elemential was last valued at $3.66 million in February 2020. Its chief executive is Raunaq Vaisoha. Its Indian entity Elemential Labs Private Limited reported revenue of ₹1.4 Lakh. Its focus areas include High Tech, Blockchain Infrastructure, Application Development Platforms and Blockchain Technology. Its competitors include Consensys, Figment, Galxe, Digital Asset and Ocean Protocol and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
Elemential was founded in 2016 in Mumbai, India, within the blockchain sector. Application development platforms utilizing Ethereum and smart contracts are offered to third-party organizations. Solutions for blockchain integration are provided, including IDStack, which enables user log-in and data control through encrypted packets stored on the blockchain. Operations focus on secure, decentralized product solutions for various applications.
- Headquarters Mumbai, India
- Founders Raunaq Vaisoha, Sahil Kathpal
- Stage Minicorn
- SectorsTechnology
- Website elemential.com
- Social LinkedIn X
- Legal Name Elemential Labs Private Limited
- Date of Incorporation 23 Nov, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.4 Lakh
FY 2021 · -96% YoY
- Net Loss-₹1.64 Cr
FY 2021 · -12009% margin
- EBITDA-₹1.55 Cr
FY 2021 · -11354% margin
- Total Equity Funding$1.01M (USD)
in 2 rounds
- Latest Funding Round$13.25K (USD), Angel Round
Feb 2020
- InvestorsLightspeed Venture Partners
& 24 more
Associated legal entities of Elemential
Elemential operates through Elemential Labs Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Elemential Labs Private Limited CIN U74999MH2016PTC287898 | Under Liquidation | 23 Nov 2016 | Mumbai, Maharashtra | ₹0.0 Cr | – | 2 | View details |
Funding Insights of Elemential
Elemential has successfully raised a total of $1.01M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $13.25 thousand completed in February 2020. 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 $1.01M
- Total Rounds 2
- Last Round Angel Round — $13,252
- First Round $1M
(Apr 2018)
- Investors Count 25
All 2 funding rounds of Elemential 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 |
|---|---|---|---|---|---|
| Feb 2020 | $13,252 | Angel Round | $3.66M | Rohan Angrish | – |
| Apr 2018 | $1M | Seed | $3.99M | Z47 |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2020 | $3.66M | •••••••• |
| Apr 2018 | $3.99M | •••••••• |
Last known valuation $3.66M (Feb 2020). 25 investors in total: 7 institutional and 18 angel.
Investors in Elemential
Elemential has secured backing from 25 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Digital Currency Group and Hinduja Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Venture capital investment firm | – | z47.com | Bengaluru, India | |
Investments are directed toward early-stage consumer and fintech startups. | – | 8ivc.com | Mumbai, India | |
Multiple sectors including logistics and green tech are invested in. | – | kochiho.in | Bengaluru, India | |
Sector-agnostic incubator focused on blockchain startups | 2015 | dcg.co | Stamford, United States | |
Operations are managed across diverse sectors by the conglomerate. | 1914 | hindujagroup.com | Mumbai, India | |
Investment management and trustee services for financial instruments are provided. | 1995 | vistraitcl.com | Mumbai, India | |
RA Rohan Angrish | Angel investor, ex-Google, focused on tech startups, based in India. | – | unknown_94c85d4fcf5a4602b | - |
AH Ajay Hattangdi | - | – | unknown_1eac0e6208f244749 | - |
VM Vinod Murali | - | – | unknown_71d36c84839d48a8a | - |
Investor details for Elemential
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Elemential Labs Private Limited (Elemential)
Elemential Labs Private Limited is the primary company behind Elemential. The board of Elemential Labs Private Limited currently have 2 directors; the longest-serving is Sahil Ashok Kathpal, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sahil Ashok Kathpal DIN 07473037 | Director | 23 Nov 2016 | 9 yrs 10 mo | Elemential Labs Private Limited |
| Raunaq Vijay Vaisoha DIN 07473022 | Director | 26 Feb 2018 | 8 yrs 7 mo | Elemential Labs Private Limited |
People of Elemential
2 people are tracked at Elemential (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CPO | Leadership |
Complete people profiles for Elemential
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Financials of Elemential
Figures of Elemential Labs Private Limited, the primary company behind Elemential, for FY 2021. Revenue was ₹1.4 Lakh (-96% year on year). Net loss was -₹1.64 Cr (-12009% margin). EBITDA was -₹1.55 Cr (-11354% margin). Revenue has grown at a compounded annual rate of -76% over three years.
- ₹1.4 LakhRevenue · FY 2021 · -96% YoY
- -₹1.64 CrNet loss · -12009% margin
- -₹1.55 CrEBITDA · -11354% margin
- ₹4.9 LakhPaid-up capital
- -76%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Elemential Labs Private Limited are on its company page.
Detailed financial statements for Elemential
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Elemential
4 dated milestones of Elemential across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Elemential is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $13K.
Competitors of Elemential
Elemential has 9 listed competitors in our database, 7 of them funded. They include Consensys, Figment, Galxe, Digital Asset and Ocean Protocol, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| consensys.io | 2014 | Fort Worth, United States | $725M | 900 | Developer of blockchain and web3 software platform | |
| figment.io | 2018 | Toronto, Canada | $165M | 164 | Staking solutions are delivered via an online platform. | |
| galxe.com | 2021 | San Mateo, United States | $10M | – | Infrastructure for Web3 credential curation from multiple sources is offered. | |
| digitalasset.com | 2014 | New York, United States | $817.16M | – | Blockchain platforms for business applications are developed and provided. | |
| oceanprotocol.com | 2017 | Singapore | – | – | Data exchange platform is provided for sharing and monetizing data. | |
| zilliqa.com | 2017 | Singapore | – | – | Blockchain-based platform for NFT and Defi application development | |
| pontem.network | 2020 | Singapore | $10.5M | – | Provider of blockchain based application development platform | |
| tatum.io | 2017 | Miami, United States | $41.7M | – | Blockchain applications are developed via an online platform. | |
| infstones.com | 2018 | Palo Alto, United States | $165.5M | – | Decentralized infrastructure network for finance |
Detailed competitors of Elemential
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Top companies in Blockchain & Decentralized Infrastructure
10 companies that operate in the same segment as Elemential (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | 708 | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 997.58 M | USD 101.34 M | 307 | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | 166 | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 563.9 M | – | 366 | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | 151 |
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Related news about Elemential
Complete news archive for Elemential
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Frequently Asked Questions about Elemential
Elemential was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Elemential is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Raunaq Vaisoha is the current CEO of Elemential. They have also founded this company.
Elemential is a funded company, having raised a total of $1.01M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Apr 2018.
The primary company behind Elemential, Elemential Labs Private Limited, reported revenue of ₹1.4 Lakh for FY 2021, down 96% year on year.
Elemential was founded in 2016 in Mumbai, India, within the blockchain sector. Application development platforms utilizing Ethereum and smart contracts are offered to third-party organizations. Solutions for blockchain integration are provided, including IDStack, which enables user log-in and data control through encrypted packets stored on the blockchain. Operations focus on secure, decentralized product solutions for various applications.
Elemential's top competitors include Consensys, Digital Asset and Figment.
Elemential has 25 investors. Key investors include Lightspeed Venture Partners, Digital Currency Group, Hinduja Group, Vistra ITCL, and Rohan Angrish.
The valuation of Elemential is $3.66M as of Feb 2020.
Elemential operates through Elemential Labs Private Limited.
The legal entities of Elemential currently have 2 directors, including Sahil Ashok Kathpal, Raunaq Vijay Vaisoha.