About Elixia
Elixia is a company based in Mumbai (India) founded in 2011 by Sanket Sheth. It operates as a SaaS (Software-as-a-Service). 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 68 employees as of April 02, 2024. Elixia offers products and services including Planning, Control Tower, Freight Billing, Marketplace, and Gen AI. Elixia operates in a competitive market with competitors including Freight Tiger, Logospot, Descartes, Shipwell and MercuryGate, among others.
- Headquarter Mumbai, India
- Employees 68 as on 02 Apr, 2024
- Founders Sanket Sheth
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Elixia Inc
- 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
$2.57 M (USD)
in 6 rounds
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Latest Funding Round
$1 M (USD), Seed
Oct 14, 2024
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Investors
Motilal Oswal
& 29 more
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Employee Count
68
as on Apr 02, 2024
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Products & Services of Elixia
Elixia offers a comprehensive portfolio of products and services, including Planning, Control Tower, Freight Billing, Marketplace, and Gen AI. 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.
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.
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 Total Funding
- Total Rounds 6
- Last Round Seed — $1.0M
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First Round
First Round
(31 Mar 2014)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Elixia | Valuation | JITO Incubation & Innovation Foundation | |
| Sep, 2022 | Amount | Grant - Elixia | Valuation |
investors |
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| Sep, 2021 | Amount | Seed - Elixia | Valuation | Rajasthan Venture Capital Fund |
| 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 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. 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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Multiple sectors are incubated by the foundation in Mumbai, India.
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Founded Year | Domain | Location | |
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E-commerce startup acceleration and innovation programs focused on technology and partnerships in India.
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Founded Year | Domain | Location | |
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Venture capital fund investing in multiple sectors
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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 Elixia
| 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 - Elixia
| 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 |
Elixia Comparisons
Competitors of Elixia
Elixia 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 Freight Tiger, Logospot, Descartes, Shipwell and MercuryGate, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Freight and logistics are managed via web-based platform.
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| domain | founded_year | HQ Location |
SaaS-based transport management solutions are provided by LogiSpot.
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| domain | founded_year | HQ Location |
Cloud-based solutions for transportation and supply chain management are offered.
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| domain | founded_year | HQ Location |
Online booking platform for freight transportation
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| domain | founded_year | HQ Location |
Cloud-based transportation management systems are provided for multimodal logistics.
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| domain | founded_year | HQ Location |
AI & SaaS-driven transportation management software solution provider
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| 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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Latest news on Elixia
Frequently Asked Questions about Elixia
When was Elixia founded?
Elixia was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Elixia located?
Elixia is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Elixia?
Mihir Ravani is the current CEO of Elixia.
Is Elixia a funded company?
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 $1M, raised on Mar 31, 2014.
How many employees does Elixia have?
As of Apr 02, 2024, the latest employee count at Elixia is 68.
What is the annual revenue of Elixia?
Annual revenue of Elixia is $1.36M as on Mar 31, 2023.
What does Elixia do?
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.
Who are the top competitors of Elixia?
Elixia's top competitors include Freight Tiger, Descartes and AVG Logistics.
What products or services does Elixia offer?
Elixia offers Planning, Control Tower, Freight Billing, Marketplace, and 2 more products and services.
Who are Elixia's investors?
Elixia has 30 investors. Key investors include Motilal Oswal, Rajasthan Venture Capital Fund, Flipkart Leap, JITO Incubation & Innovation Foundation, and Vimal Shah.
What is Elixia's valuation?
The valuation of Elixia is $4.32M as of Sep 2021.