About Evigway
Evigway is an Aerospace, Defense & Maritime company based in Gurugram (India) founded in 2020. It operates as a cybersecurity, AI, deep learning, and defense solutions are provided. Evigway has raised $1.01 million across 2 funding rounds from investors including IIT Ropar, Indian Institute of Technology Roorkee and TIDES Business Incubator. The company has 1 employees. Evigway was last valued at $3.35 million in July 2023. Its Indian entity Evigway Technologies Private Limited reported revenue of ₹3.84 Cr. Evigway offers products and services including Potatoes and Grain Marketing. Its focus areas include Aerospace, Maritime and Defense, Defense Contractors and Diversified.
Company details
Evigway Technologies was founded in 2020 and is based in Gurugram, India. Operations center on delivering solutions in cybersecurity, artificial intelligence, deep learning, military intelligence, and defense sectors. Services are tailored for technology domains with an emphasis on military and defense applications. The company addresses futuristic technology needs through structured, domain-specific offerings.
- Headquarters Gurugram, India
- Employees 1
- Stage Minicorn
- SectorsAerospace, Defense & Maritime
- Website evigway.com
- Social X Facebook
- Legal Name Evigway Technologies Private Limited
- Date of Incorporation 18 Jun, 2020
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹3.84 Cr
FY 2025 · +164% YoY
- Net Profit₹2.3 Lakh
FY 2025 · 1% margin
- EBITDA₹32.2 Lakh
FY 2025 · 8% margin
- Total Equity Funding$1.01M (USD)
in 2 rounds
- Latest Funding Round$730.85K (USD), Seed
Jul 2023
- InvestorsIIT Ropar
& 6 more
- Employee Count1
Associated legal entities of Evigway
Evigway operates through Evigway Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Evigway Technologies Private Limited CIN U51909HR2020PTC086863 | Active | 18 Jun 2020 | Gurgaon, Haryana | ₹3.8 Cr | 12 | 3 | View details |
Products & Services of Evigway
Evigway offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing.
Potatoes are farmed and sold for food and industrial uses
Grains are promoted and distributed from farms
Funding Insights of Evigway
Evigway has successfully raised a total of $1.01M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $730.85 thousand completed in July 2023. 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 Seed — $730,848
- First Round $275,814
(Sep 2022)
- Investors Count 7
All 2 funding rounds of Evigway 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 |
|---|---|---|---|---|---|
| Jul 2023 | $730,848 | Seed | $3.35M | – | |
| Sep 2022 | $275,814 | Seed | $1.92M | TIDES Business Incubator, Indian Institute of Technology Roorkee |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2023 | $3.35M | •••••••• |
| Sep 2022 | $1.92M | •••••••• |
Last known valuation $3.35M (Jul 2023). 7 investors in total: 6 institutional and 1 angel.
Investors in Evigway
Evigway has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IIT Ropar, Indian Institute of Technology Roorkee and TIDES Business Incubator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Acceleration of ideas, scaling of businesses, and transformation of industries through innovation and ecosystem development. | 2022 | antennae.in | Mumbai, India | |
Startup incubator | 2011 | tides.iitr.ac.in | Roorkee, India | |
It serves as a college offering multiple courses and degrees across diversified streams. | 2008 | iitrpr.ac.in | Rupnagar, India | |
Management consulting services are provided to businesses. | – | cerametconsultants.tcc.mode | Mumbai, India | |
Provides financial planning and advisory services to clients. | 2000 | shaguncapital.com | Udaipur, India | |
College offering multiple courses and degrees | 1847 | iitr.ac.in | Roorkee, India | |
SS Shashank Shekhar Jaiswal | - | – | unknown_3a968274f95440d4b | - |
Investor details for Evigway
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Evigway Technologies Private Limited (Evigway)
Evigway Technologies Private Limited is the primary company behind Evigway. The board of Evigway Technologies Private Limited currently have 3 directors; the longest-serving is Akshay Singh, appointed in 2020. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Akshay Singh DIN 08765917 | Director | 18 Jun 2020 | 6 yrs 4 mo | Evigway Technologies Private Limited |
| Praveen Malav DIN 10919140 | Director | 23 Jan 2025 | 1 yr 8 mo | Evigway Technologies Private Limited |
| Arpit Sharma DIN 08555600 | Director | 11 Jul 2025 | 1 yr 3 mo | Evigway Technologies Private Limited |
Financials of Evigway
Figures of Evigway Technologies Private Limited, the primary company behind Evigway, for FY 2025. Revenue was ₹3.84 Cr (+164% year on year). Net profit was ₹2.3 Lakh (1% margin). EBITDA was ₹32.2 Lakh (8% margin).
- ₹3.84 CrRevenue · FY 2025 · +164% YoY
- ₹2.3 LakhNet profit · 1% margin
- ₹32.2 LakhEBITDA · 8% margin
- ₹85,430Paid-up capital
- 12Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Evigway Technologies Private Limited are on its company page.
Detailed financial statements for Evigway
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Evigway
4 dated milestones of Evigway across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Evigway is founded.
- Funding First funding round of $276K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $731K.
Web traffic of Evigway
The website of Evigway (evigway.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 4.3% vs previous month
Websites whose visitors overlap most with Evigway. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
militaryequipment.in | militaryequipment.in | 100% | – | #1,889,895 | – |
Top companies in Defense & Military Services
10 companies that operate in the same segment as Evigway (Defense & Military Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 9,670 | |
Developer of unmanned aerial vehicles | 2007 | Navi Mumbai, Maharashtra, India | USD 53.82 M | USD 24.09 M | 595 | |
Professional drones and software solutions are manufactured for specialized applications. | 1994 | Paris, France | – | USD 93.74 M | 395 | |
Manufacturer of drones and provider of drone-based solutions across various sectors | 2015 | Chennai, Tamil Nadu, India | USD 59.3 M | USD 12.94 M | 130 | |
Defense and aerospace systems are manufactured and developed by RTX. | 1922 | United States | – | USD 88.6 B | 186,000 | |
Autonomous drones, software, and accessories are manufactured for various sectors. | 2014 | San Mateo, California, United States | USD 825 M | – | 1,067 | |
Autonomous drones and AI pilots for fighter jets are developed. | 2015 | San Diego, California, United States | USD 3.52 B | – | 1,965 | |
Developer of small unmanned aerial systems | 2015 | Gilching, Bayern, Germany | USD 1.82 B | USD 39.45 M | 741 |
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Frequently Asked Questions about Evigway
Evigway was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Evigway is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Evigway 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 $275.81K, raised on Sep 2022.
Evigway has 1 employees.
The primary company behind Evigway, Evigway Technologies Private Limited, reported revenue of ₹3.84 Cr for FY 2025, up 164% year on year.
Evigway Technologies was founded in 2020 and is based in Gurugram, India. Operations center on delivering solutions in cybersecurity, artificial intelligence, deep learning, military intelligence, and defense sectors. Services are tailored for technology domains with an emphasis on military and defense applications. The company addresses futuristic technology needs through structured, domain-specific offerings.
Evigway offers Potatoes and Grain Marketing.
Evigway has 7 investors. Key investors include IIT Ropar, Indian Institute of Technology Roorkee, TIDES Business Incubator, Antennae Ventures, and Ceramet Consultants.
The valuation of Evigway is $3.35M as of Jul 2023.
Evigway operates through Evigway Technologies Private Limited.
The legal entities of Evigway currently have 3 directors, including Arpit Sharma, Akshay Singh, Praveen Malav.