About Elixia
Elixia is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2011 by Sanket Sheth. AI and SaaS-based transportation management software is provided. It operates on a SaaS (Software-as-a-Service) model. Elixia has raised $2.57 million across 6 funding rounds from investors including Motilal Oswal, Rajasthan Venture Capital Fund and Flipkart Leap. The company has 37 employees. Elixia was last valued at $4.32 million in September 2021. Its chief executive, as recorded, is Mihir Ravani. Its website elixia.tech draws about 20 thousand monthly visits. Its Indian entity Elixia Tech Solutions Limited reported revenue of ₹62.9 Lakh. Elixia offers products and services including Planning, Control Tower, Freight Billing, Marketplace, and Gen AI. Its focus areas include Technology, Software and Logistics Software. Its competitors include Freight Tiger and AVG Logistics; 2 of its 2 listed competitors have raised funding.
Company details
End-to-end logistics automation solutions are delivered by Elixia to enterprises across India, GCC, and the USA. Operations in the logistics sector are simplified through AI-powered tools, real-time tracking, and automated billing systems. Cost reduction and on-time delivery are ensured through data-driven decision-making and integrated transport management systems. Seamless freight movement is facilitated, allowing businesses to focus on core activities while logistics processes are optimized for efficiency and reliability.
- Headquarters Mumbai, India
- Employees 37
- Founders Sanket Sheth
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website elixia.tech
- Social LinkedIn X Facebook YouTube
- Legal Name Elixia Inc
- Date of Incorporation 13 Jul, 2011
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹62.9 Lakh
FY 2026 · +105% YoY
- Net Profit₹37.8 Lakh
FY 2026 · 60% margin
- EBITDA₹53.8 Lakh
FY 2026 · 86% margin
- Total Equity Funding$2.57M (USD)
in 6 rounds
- Latest Funding Round$1M (USD), Seed
Oct 2024
- InvestorsMotilal Oswal
& 29 more
- Employee Count37
Associated legal entities of Elixia
Elixia operates through Elixia Tech Solutions Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Elixia Tech Solutions Limited CIN U72300MH2011PLC219715 | Active | 13 Jul 2011 | Mumbai, Maharashtra | ₹0.6 Cr | 68 | 3 | View details |
Products & Services of Elixia
Elixia offers a comprehensive portfolio of products and services, including Planning, Control Tower, Freight Billing, Marketplace, and Gen AI.
Route and load planning is optimized using AI technology.
Real-time tracking is provided for all in-transit shipments.
Automated billing and auditing are driven by AI technology.
Freight procurement is facilitated through a WhatsApp-driven marketplace.
Predictive analytics are offered for data-driven logistics decisions.
Transport management system is provided for logistics optimization.
Apps and channels of Elixia
its YouTube channel Elixia Inc has 69 subscribers and 30 videos.
Videos from Elixia
The most watched videos on Elixia's YouTube channel, Elixia Inc (69 subscribers). Click a video to play it here.
More on Elixia Inc.
Funding Insights of Elixia
Elixia has successfully raised a total of $2.57M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in October 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 $2.57M
- Total Rounds 6
- Last Round Seed — $1M
- First Round $157,025
(Mar 2014)
- Investors Count 30
All 6 funding rounds of Elixia 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 |
|---|---|---|---|---|---|
| Oct 2024 | $1M | Seed | – | JITO Incubation & Innovation Foundation | |
| Sep 2022 | $25,000 | Grant | – | – | |
| Sep 2021 | $1M | Seed | $4.32M | Rajasthan Venture Capital Fund | |
| Feb 2020 | $36,122 | Seed | $849,962 | Harsha Sheth, Honey Mickin Sheth | |
| Oct 2018 | $372,461 | Seed | – | Kuber Wealth Management | |
| Mar 2014 | $157,025 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $4.32M | •••••••• |
Last known valuation $4.32M (Sep 2021). 30 investors in total: 7 institutional and 23 angel.
Investors in Elixia
Elixia has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Motilal Oswal, Rajasthan Venture Capital Fund and Flipkart Leap.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are incubated by the foundation in Mumbai, India. | jitojiif.com | Mumbai, India | ||
E-commerce startup acceleration and innovation programs focused on technology and partnerships in India. | 2020 | flipkartleap.com | Bengaluru, India | |
Venture capital fund investing in multiple sectors | 2002 | rvcf.org | Jaipur, India | |
Online share trading and investment services are provided. | 1987 | motilaloswal.com | Mumbai, India | |
Provider of brokerage services for buying, selling and renting residential properties | Mumbai, India | |||
VS Vimal Shah | Angel investor and entrepreneur, co-founder of Bidco Africa, active in Indian startup ecosystem | unknown_c61485b2e9c944faa | ||
SJ Sparsh Jain | Co-founder of Droom, active angel investor in Indian startups | unknown_0c9d3a29dd9448f78 | ||
VD Vinod Dugar | Angel investor, founder of VConnect, focused on early-stage startups in India. | unknown_052b2a7308454d03b |
Investor details for Elixia
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Elixia Tech Solutions Limited (Elixia)
Elixia Tech Solutions Limited is the primary company behind Elixia. The board of Elixia Tech Solutions Limited currently have 3 directors; the longest-serving is Mickin Mukund Sheth, appointed in 2011. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mickin Mukund Sheth DIN 00524878 | Director | 13 Jul 2011 | 15 yrs 4 mo | Elixia Tech Solutions Limited |
| Sanket Mukund Sheth DIN 00525128 | Director | 13 Jul 2011 | 15 yrs 4 mo | Elixia Tech Solutions Limited |
| Mukund Ratilal Sheth DIN 00090938 | Director | 13 Jul 2011 | 15 yrs 4 mo | Elixia Tech Solutions Limited |
People of Elixia
2 people are tracked at Elixia (2 in leadership); the tracked headcount is 37.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Managing Director | Leadership | |
Mihir Ravani | CEO | Leadership |
Complete people profiles for Elixia
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Elixia
Figures of Elixia Tech Solutions Limited, the primary company behind Elixia, for FY 2026. Revenue was ₹62.9 Lakh (+105% year on year). Net profit was ₹37.8 Lakh (60% margin). EBITDA was ₹53.8 Lakh (86% margin). Revenue has grown at a compounded annual rate of -62% over three years and -32% over five years.
- ₹62.9 LakhRevenue · FY 2026 · +105% YoY
- ₹37.8 LakhNet profit · 60% margin
- ₹53.8 LakhEBITDA · 86% margin
- ₹6.13 CrPaid-up capital
- 68Employees (provident fund records)
- -62%Revenue CAGR, 3 years
- -32%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Elixia Tech Solutions Limited are on its company page.
Detailed financial statements for Elixia
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Elixia
4 dated milestones of Elixia across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Elixia is founded.
- Funding First funding round of $157K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.0M.
Competitors of Elixia
Elixia has 2 listed competitors in our database, 2 of them funded. They include Freight Tiger and AVG Logistics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freighttiger.com | 2014 | Mumbai, India | $60.2M | 414 | Freight and logistics are managed via web-based platform. | |
| avglogistics.com | 2010 | Delhi, India | $5.09M | 556 | Provider of integrated road and rail cargo transportation and warehousing solutions |
Detailed competitors of Elixia
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Web traffic of Elixia
The website of Elixia (elixia.tech) receives about 20.2K visits a month.
- Monthly visits20.2K
▼ 33.4% vs previous month
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Elixia (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Elixia
Complete news archive for Elixia
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Frequently Asked Questions about Elixia
Elixia was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Elixia is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mihir Ravani is the CEO of Elixia, as recorded in our data.
Elixia is a funded company, having raised a total of $2.57M across 6 funding rounds to date. The company's 1st funding round was a Seed of $157.03K, raised on Mar 2014.
Elixia has 37 employees.
The primary company behind Elixia, Elixia Tech Solutions Limited, reported revenue of ₹62.9 Lakh for FY 2026, up 105% year on year.
End-to-end logistics automation solutions are delivered by Elixia to enterprises across India, GCC, and the USA. Operations in the logistics sector are simplified through AI-powered tools, real-time tracking, and automated billing systems. Cost reduction and on-time delivery are ensured through data-driven decision-making and integrated transport management systems. Seamless freight movement is facilitated, allowing businesses to focus on core activities while logistics processes are optimized for efficiency and reliability.
Elixia's top competitors include Freight Tiger and AVG Logistics.
Elixia offers Planning, Control Tower, Freight Billing, Marketplace, and 2 more products and services.
Elixia has 30 investors. Key investors include Motilal Oswal, Rajasthan Venture Capital Fund, Flipkart Leap, JITO Incubation & Innovation Foundation, and Vimal Shah.
The valuation of Elixia is $4.32M as of Sep 2021.
Elixia operates through Elixia Tech Solutions Limited.