About Figr
Figr is a company based in Bengaluru (India) founded in 2023 by Chirag Singla and Moksh Garg.. Figr has raised $2.5 million across 3 funding rounds from investors including Kalaari Capital, Golden Sparrow and Antler. Figr operates in a competitive market with competitors including Figma, Qt Group, ProtoPie, Locofy and Anima, among others.
- Headquarter Bengaluru, India
- Founders Chirag Singla, Moksh Garg
- Stage Minicorn
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Sectors
Technology
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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 Figrfast Systems Private Limited
- Date of Incorporation 27 Jul, 2023
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$16.26 K (USD)0as on Mar 31, 2024
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Net Profit
$-65.2 K (USD)0as on Mar 31, 2024
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EBITDA
$-63.75 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$2.5 M (USD)
in 3 rounds
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Latest Funding Round
$2.25 M (USD), Seed
Oct 09, 2024
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Investors
Kalaari Capital
& 9 more
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Employee Count
Employee Count
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Funding Insights of Figr
Figr has successfully raised a total of $2.5M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.25 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 3
- Last Round Seed — $2.2M
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First Round
First Round
(25 Sep 2023)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Figr | Valuation | Kalaari Capital | |
| Jul, 2024 | Amount | Grant - Figr | Valuation |
investors |
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| Sep, 2023 | Amount | Seed - Figr | Valuation | Antler |
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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 Figr
Figr has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Kalaari Capital, Golden Sparrow and Antler. 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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Investments in early-stage technology companies are made by Kalaari Capital.
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Founded Year | Domain | Location | |
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Venture capital fund focused on pre-seed and seed stage companies
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Founded Year | Domain | Location | |
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Early-stage investing and founder support services are offered globally by Antler.
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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 Figr
| 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 - Figr
| 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 |
Figr Comparisons
Competitors of Figr
Figr 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 Figma, Qt Group, ProtoPie, Locofy and Anima, 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 |
Collaborative platform for design prototyping and feedback is provided.
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| domain | founded_year | HQ Location |
Cross-platform user interface and application development for desktop and embedded platforms
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| domain | founded_year | HQ Location |
Interactive prototypes for digital products are built without coding.
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| domain | founded_year | HQ Location |
Platform offering low code web application development software
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| domain | founded_year | HQ Location |
Automated UI/UX prototyping is enabled through a cloud-based platform.
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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 Figr
Frequently Asked Questions about Figr
When was Figr founded?
Figr was founded in 2023.
Where is Figr located?
Figr is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Figr?
Moksh Garg is the current CEO of Figr. They have also founded this company.
Is Figr a funded company?
Figr is a funded company, having raised a total of $2.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Sep 25, 2023.
What is the annual revenue of Figr?
Annual revenue of Figr is $16.26K as on Mar 31, 2024.
What does Figr do?
Figr was established in 2023 in Bengaluru, India, as a provider of AI-driven tools for UI design and workflows. A platform is utilized to generate designs from business context inputs, with integration into existing design systems for brand consistency. Features such as design system creation, component generation, and real-time suggestions are incorporated. Operations focus on the design technology sector, aiming to streamline processes across digital product development.
Who are Figr's investors?
Figr has 10 investors. Key investors include Kalaari Capital, Golden Sparrow, Antler, Mudhit Khannawalia, and Anikapital.
What is Figr's valuation?
The valuation of Figr is $2.41M as of Sep 2023.
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