About FactoryPlus
FactoryPlus is an Industrial Goods & Manufacturing company based in Noida (India) founded in 2021 by Vatsal Rustagi, and was acquired by Bizongo in November 2023. Cloud-based factory management software is offered for manufacturers. FactoryPlus has raised $492.46 thousand across 1 funding round from investors including Angel List, Bizongo and Wellfound. The company has 3 employees. FactoryPlus was last valued at $4.08 million in September 2021. Its Indian entity Factory One Private Limited reported revenue of ₹1.68 Cr. FactoryPlus offers products and services including Live Inventory Tracking, Production Orders, Factory Reports, and One-click Stock Update. Its focus areas include Enterprise Applications, Manufacturing Tech, Manufacturing Execution System and Suite.
Company details
FactoryPlus was founded in 2021 and is headquartered in Noida, India. A cloud-based platform is provided for factory management within the manufacturing industry. Operations are supported through features such as bookkeeping and order processing, vendor and customer oversight, employee and hiring administration, as well as logistics and transportation handling. The software enables streamlined processes for manufacturers across various production needs.
- Headquarters Noida, India
- Employees 3
- Founders Vatsal Rustagi
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website factoryplus.in
- Social LinkedIn X Facebook
- Acquired by Bizongo (Nov 2023)
- Legal Name Factory One Private Limited
- Date of Incorporation 05 May, 2021
- Jurisdiction Ghaziabad, Uttar Pradesh, India
- Annual Revenue₹1.68 Cr
FY 2023 · +4142% YoY
- Net Loss-₹29.2 Lakh
FY 2023 · -17% margin
- EBITDA-₹38.2 Lakh
FY 2023 · -23% margin
- Total Equity Funding$492.46K (USD)
in 1 rounds
- Latest Funding Round$492.46K (USD), Seed
Sep 2021
- InvestorsAngel List
& 8 more
- Employee Count3
- Acquired byBizongo
(Nov 2023)
Associated legal entities of FactoryPlus
FactoryPlus operates through Factory One Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Factory One Private Limited CIN U72900UP2021PTC145917 | Under Liquidation | 05 May 2021 | Ghaziabad, Uttar Pradesh | ₹1.7 Cr | 3 | 3 | View details |
Products & Services of FactoryPlus
FactoryPlus offers a comprehensive portfolio of products and services, including Live Inventory Tracking, Production Orders, Factory Reports, and One-click Stock Update.
Real-time monitoring of stock levels in factories.
Creation of simple job-cards for supervisors.
Generation of production and consumption reports.
Quick recording of stock changes by staff.
Funding Insights of FactoryPlus
FactoryPlus has successfully raised a total of $492.46K through 1 strategic funding round. The most recent funding activity was a Seed round of $492.46 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.
- Total Funding $492,462
- Total Rounds 1
- Last Round Seed — $492,462
- First Round $492,462
(Sep 2021)
- Investors Count 8
All 1 funding rounds of FactoryPlus with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $4.08M | •••••••• |
Last known valuation $4.08M (Sep 2021). 9 investors in total: 6 institutional and 3 angel.
Investors in FactoryPlus
FactoryPlus has secured backing from 9 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Angel List, Bizongo and Wellfound.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage companies are invested in by Better Capital. | bettercapital.vc | Santa Clara, United States | ||
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
Startup jobs are connected to seekers via an online platform. | angel.co | San Francisco, United States | ||
Diversified investment management firm | 2009 | bettercapital.gg | Saint Peter Port, Guernsey | |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | 2015 | bizongo.com | Mumbai, India | |
KB Kunal Bahl | Co-founder of Snapdeal, Titan Capital, active angel investor in Indian startups | unknown_189706f78c2e428e9 | ||
RK Rohit Kumar Bansal | unknown_ad3c495be29740e78 | |||
RB Rohit Bansal | Co-founder of Snapdeal, active angel investor in Indian startups | unknown_6342eed4165e4da98 |
Investor details for FactoryPlus
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Factory One Private Limited (FactoryPlus)
Factory One Private Limited is the primary company behind FactoryPlus. The board of Factory One Private Limited currently have 3 directors; the longest-serving is Vatsal Rustagi, appointed in 2021. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vatsal Rustagi DIN 09166691 | Director | 05 May 2021 | 5 yrs 6 mo | Factory One Private Limited |
| Bikash Dash DIN 06758671 | Director | 05 May 2021 | 5 yrs 6 mo | Factory One Private Limited |
| Sparsh Koyarala DIN 09014026 | Director | 05 May 2021 | 5 yrs 6 mo | Factory One Private Limited |
People of FactoryPlus
1 people are tracked at FactoryPlus (1 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for FactoryPlus
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of FactoryPlus
Figures of Factory One Private Limited, the primary company behind FactoryPlus, for FY 2023. Revenue was ₹1.68 Cr (+4142% year on year). Net loss was -₹29.2 Lakh (-17% margin). EBITDA was -₹38.2 Lakh (-23% margin).
- ₹1.68 CrRevenue · FY 2023 · +4142% YoY
- -₹29.2 LakhNet loss · -17% margin
- -₹38.2 LakhEBITDA · -23% margin
- ₹1.7 LakhPaid-up capital
- 3Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Factory One Private Limited are on its company page.
Detailed financial statements for FactoryPlus
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of FactoryPlus
4 dated milestones of FactoryPlus across 2 years, from founding to its latest funding, stage changes and deals.
- Founded FactoryPlus is founded.
- Funding First funding round of $492K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Bizongo.
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Related news about Factoryplus
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Frequently Asked Questions about FactoryPlus
FactoryPlus was founded in 2021.
FactoryPlus is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
FactoryPlus is a funded company, having raised a total of $492.46K across 1 funding round to date. The company's 1st funding round was a Seed of $492.46K, raised on Sep 2021.
FactoryPlus has 3 employees.
The primary company behind FactoryPlus, Factory One Private Limited, reported revenue of ₹1.68 Cr for FY 2023, up 4142% year on year.
FactoryPlus was founded in 2021 and is headquartered in Noida, India. A cloud-based platform is provided for factory management within the manufacturing industry. Operations are supported through features such as bookkeeping and order processing, vendor and customer oversight, employee and hiring administration, as well as logistics and transportation handling. The software enables streamlined processes for manufacturers across various production needs.
FactoryPlus offers Live Inventory Tracking, Production Orders, Factory Reports, and One-click Stock Update.
FactoryPlus has 9 investors. Key investors include Angel List, Bizongo, Wellfound, Better Capital, and Kunal Bahl.
The valuation of FactoryPlus is $4.08M as of Sep 2021.
FactoryPlus operates through Factory One Private Limited.
Yes. FactoryPlus was acquired by Bizongo in November 2023.
The legal entities of FactoryPlus currently have 3 directors, including Vatsal Rustagi, Bikash Dash, Sparsh Koyarala.