About Elixia Speed
Elixia Speed is a company based in Mumbai (India) founded in 2011 by Sanket Sheth and Ankit Zatakia. It operates as a B2B. Elixia Speed has raised $665.06 thousand across 4 funding rounds from investors including Rajasthan Venture Capital Fund, Mukund Ratilal Sheth and Mickin Mukund Sheth. The company has 68 employees as of March 31, 2023. Elixia Speed operates in a competitive market with competitors including Spireon, EquipmentShare, Fleet Complete, SkyBitz and Mapon, among others.
- Headquarter Mumbai, India
- Employees 68 as on 31 Mar, 2023
- Founders Sanket Sheth, Ankit Zatakia
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Elixia Tech Solutions Limited
- Date of Incorporation 13 Jul, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.36 M (USD)49.3as on Mar 31, 2023
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Net Profit
-$991.09 K (USD)-135.73as on Mar 31, 2023
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EBITDA
-$747.41 K (USD)-121.11as on Mar 31, 2023
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Total Equity Funding
$665.06 K (USD)
in 4 rounds
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Latest Funding Round
$99.45 K (USD), Seed
Sep 07, 2021
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Investors
Rajasthan Venture Capital Fund
& 15 more
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Employee Count
68
as on Mar 31, 2023
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Funding Insights of Elixia Speed
Elixia Speed has successfully raised a total of $665.06K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $99.45 thousand completed in September 2021. 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.
Investors in Elixia Speed
Elixia Speed has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Rajasthan Venture Capital Fund, Mukund Ratilal Sheth and Mickin Mukund Sheth.
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Venture capital fund investing in multiple sectors
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Investor details for Elixia Speed
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Investments & Acquisitions by Elixia Speed
Investment portfolio details for Elixia Speed
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Financial Statements - Elixia Speed
Detailed financials for Elixia Speed
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Elixia Speed Comparisons
Peer comparison for Elixia Speed
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Competitors of Elixia Speed
Elixia Speed 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 Spireon, EquipmentShare, Fleet Complete, SkyBitz and Mapon, among others.
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SaaS-enabled solutions for fleet and field service management are offered.
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Equipment rental marketplace and digital tools for construction are offered.
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Fleet, asset, and mobile workforce management solutions are provided.
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Remote asset tracking and management solutions are provided globally.
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Vehicle tracking and fleet management solutions are provided.
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Machine-to-machine communication solutions are delivered for IoT and asset tracking.
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Detailed competitors of Elixia Speed
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Latest news on Elixia Speed
Complete news archive for Elixia Speed
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Frequently Asked Questions about Elixia Speed
Elixia Speed was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Elixia Speed is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sanket Sheth is the current CEO of Elixia Speed. They have also founded this company.
Elixia Speed is a funded company, having raised a total of $665.06K across 4 funding rounds to date.
As of Mar 31, 2023, the latest employee count at Elixia Speed is 68.
Annual revenue of Elixia Speed is $1.36M as on Mar 31, 2023.
Elixia Speed, based in Mumbai, focuses on technology and transportation, vehicle management, offering tracking solutions, and managing fleet operations. Offers an integrated solution for vehicle tracking and management to enhance efficiency. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Elixia Speed's top competitors include EquipmentShare, Mapon and Quartix.
Elixia Speed has 16 investors. Key investors include Rajasthan Venture Capital Fund, Mukund Ratilal Sheth, Mickin Mukund Sheth, Sanket Sheth, and Mickin Mukund Sheth.
The valuation of Elixia Speed is $3.54M as of Sep 2021.