About Faclon Labs
Faclon Labs is a company based in Mumbai (India) founded in 2016 by Rishi Sharma, Archit Naraniwal, and Utkarsh Srivastava.. Faclon Labs has raised $2.79 million across 6 funding rounds from investors including LetsVenture, Empower India and thinQbate. The company has 112 employees as of April 07, 2024. Faclon Labs operates in a competitive market with competitors including Particle, PTC, Software AG, Relayr and Ayla Networks, among others.
- Headquarter Mumbai, India
- Employees 112 as on 07 Apr, 2024
- Founders Rishi Sharma, Archit Naraniwal, Utkarsh Srivastava
- Stage Minicorn
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Sectors
EnvironmentTechnology
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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 Faclon Labs Private Limited
- Date of Incorporation 13 Jun, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$939.37 K (USD)60.64as on Mar 31, 2023
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Net Profit
$-294.38 K (USD)-1204.8as on Mar 31, 2023
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EBITDA
$-324.37 K (USD)-2547.2as on Mar 31, 2023
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Total Equity Funding
$2.79 M (USD)
in 6 rounds
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Latest Funding Round
$12.2 K (USD), Series A
Sep 19, 2023
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Investors
LetsVenture
& 68 more
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Employee Count
112
as on Apr 07, 2024
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Funding Insights of Faclon Labs
Faclon Labs has successfully raised a total of $2.79M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $12.2 thousand completed in September 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 Total Funding
- Total Rounds 6
- Last Round Series A — $12,200
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First Round
First Round
(07 Oct 2016)
- Investors Count 69
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series A - Faclon Labs | Valuation | Harikrishna Ramesh Valiyath |
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| Jul, 2022 | Amount | Series A - Faclon Labs | Valuation | Empower India , ANIM | |
| Mar, 2021 | Amount | Seed - Faclon Labs | Valuation | LetsVenture |
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| 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 Faclon Labs
Faclon Labs has secured backing from 69 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include LetsVenture, Empower India and thinQbate. 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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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity investments are managed across diverse sectors.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by Anim's private equity approach.
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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 Faclon Labs
| 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 - Faclon Labs
| 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 |
Faclon Labs Comparisons
Competitors of Faclon Labs
Faclon Labs 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 Particle, PTC, Software AG, Relayr and Ayla Networks, 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 |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
PTC is recognized as a global leader in product lifecycle management software.
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| domain | founded_year | HQ Location |
Provider of data integration, application modernization, and digital transformation solutions
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| domain | founded_year | HQ Location |
Middleware and IoT solutions are provided for enterprise digital transformation.
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| domain | founded_year | HQ Location |
Provider of a platform for IoT and edge computing applications
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Faclon Labs
Frequently Asked Questions about Faclon Labs
When was Faclon Labs founded?
Faclon Labs was founded in 2016.
Where is Faclon Labs located?
Faclon Labs is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Faclon Labs?
Rishi Sharma is the current CEO of Faclon Labs. They have also founded this company.
Is Faclon Labs a funded company?
Faclon Labs is a funded company, having raised a total of $2.79M across 6 funding rounds to date.
How many employees does Faclon Labs have?
As of Apr 07, 2024, the latest employee count at Faclon Labs is 112.
What is the annual revenue of Faclon Labs?
Annual revenue of Faclon Labs is $939.37K as on Mar 31, 2023.
What does Faclon Labs do?
Faclon Labs was founded in 2016 in Mumbai, India, and operates in the industrial sector. An AI-driven platform is provided to connect and monitor assets, analyze data, and deliver insights for managing energy, water, processes, and sustainability compliance. Integration is supported through industrial protocols, IoT gateways, and APIs. Operating costs for utilities are reduced, downtime for critical assets is minimized, and machine productivity is enhanced.
Who are the top competitors of Faclon Labs?
Faclon Labs's top competitors include Particle, Software AG and PTC.
Who are Faclon Labs's investors?
Faclon Labs has 69 investors. Key investors include LetsVenture, Empower India, thinQbate, Supreme Overseas, and Empower India Foundation.
What is Faclon Labs's valuation?
The valuation of Faclon Labs is $12.05M as of Sep 2023.
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