About Elemential
Elemential is a company based in Mumbai (India) founded in 2016 by Raunaq Vaisoha and Sahil Kathpal. Elemential has raised $1.01 million across 2 funding rounds from investors including Lightspeed Venture Partners, Digital Currency Group and Hinduja Group. Elemential operates in a competitive market with competitors including Consensys, Figment, Galxe, Digital Asset and Ocean Protocol, among others.
- Headquarter Mumbai, India
- Founders Raunaq Vaisoha, Sahil Kathpal
- Stage Minicorn
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Elemential Labs Private Limited
- Date of Incorporation 23 Nov, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$42.99 K (USD)-70.62as on Mar 31, 2020
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Net Profit
-$145.04 K (USD)-76.49as on Mar 31, 2020
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EBITDA
-$158.63 K (USD)-86.14as on Mar 31, 2020
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Total Equity Funding
$1.01 M (USD)
in 2 rounds
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Latest Funding Round
$13.25 K (USD), Angel Round
Feb 12, 2020
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Investors
Lightspeed Venture Partners
& 24 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $13,252
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First Round
First Round
(10 Apr 2018)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Angel Round - Elemential | Valuation | Rohan Angrish |
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| Apr, 2018 | Amount | Seed - Elemential | Valuation | Z47 |
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 |
|---|---|---|---|---|
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage consumer and fintech startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elemential
Financial Statements - Elemential
Elemential Comparisons
Competitors of Elemential
Elemential 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 Consensys, Figment, Galxe, Digital Asset and Ocean Protocol, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Staking solutions are delivered via an online platform.
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| domain | founded_year | HQ Location |
Infrastructure for Web3 credential curation from multiple sources is offered.
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| domain | founded_year | HQ Location |
Blockchain platforms for business applications are developed and provided.
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| domain | founded_year | HQ Location |
Data exchange platform is provided for sharing and monetizing data.
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| domain | founded_year | HQ Location |
Blockchain-based platform for NFT and Defi application development
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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 10, 2018.
Annual revenue of Elemential is $42.99K as on Mar 31, 2020.
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.