About Flatheads
Flatheads is a Retail company based in Bengaluru (India) founded in 2018 by Utkarsh Biradar and Ganesh Balakrishnan, and was acquired by Styched in July 2023. Casual shoes and accessories are offered by an internet-first brand. Flatheads has raised $1.89 million across 9 funding rounds from investors including GetVantage, Wellfound and Styched. Flatheads was last valued at $3.51 million in June 2022. Its website flatheads.in draws about 22 thousand monthly visits. Its Indian entity Flathead Designs Private Limited reported revenue of ₹4.7 Lakh. Flatheads offers products and services including Ellipsis Sneakers, Luft Sneakers, Linen Sneakers, and Tshirts. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Footwear.
Company details
Flatheads was founded in 2018 in Bengaluru, India, as an internet-first brand in the footwear sector. Casual shoes such as sandals, bamboo shoes, and slip-ons are provided, along with accessories including shoe cleaners, socks, and masks. Features like breathability, toe and heel protection, and washability are incorporated in the products. Operations focus on direct-to-consumer sales through the online domain flatheads.in.
- Headquarters Bengaluru, India
- Founders Utkarsh Biradar, Ganesh Balakrishnan
- Stage Acquired
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website flatheads.in
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Styched (Jul 2023)
- Legal Name Flathead Designs Private Limited
- Date of Incorporation 19 Nov, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.7 Lakh
FY 2024 · -97% YoY
- Net Loss-₹2.8 Lakh
FY 2024 · -59% margin
- EBITDA-₹2.6 Lakh
FY 2024 · -56% margin
- Total Equity Funding$1.89M (USD)
in 9 rounds
- Latest Funding Round$43.05K (USD), Seed
Jun 2022
- InvestorsGetVantage
& 82 more
- Acquired byStyched
(Jul 2023)
Associated legal entities of Flatheads
Flatheads is associated with 2 registered companies on The Company Check; the primary company is Flathead Designs Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Flathead Designs Private Limited CIN U52609KA2018PTC118626 | Active | 19 Nov 2018 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details | |
| Suavedreams Needlework Attire India Private Limited CIN U14109KA2023FTC181058 | Active | 18 Nov 2023 | Bangalore, Karnataka | 2 | View details |
Products & Services of Flatheads
Flatheads offers a comprehensive portfolio of products and services, including Ellipsis Sneakers, Luft Sneakers, Linen Sneakers, and Tshirts.
Breathable sneakers designed for everyday comfort and style
Ultralight sneakers offering superior comfort for daily use
Eco-friendly sneakers made with linen for reduced water usage
Casual t-shirts part of the brand's lifestyle collection
Apps and channels of Flatheads
its YouTube channel Flatheads has 687 subscribers and 5 videos.
Videos from Flatheads
The most watched videos on Flatheads's YouTube channel, Flatheads (687 subscribers). Click a video to play it here.
More on Flatheads.
Funding Insights of Flatheads
Flatheads has successfully raised a total of $1.89M across 9 strategic funding rounds. The most recent funding activity was a Seed round of $43.05 thousand completed in June 2022. 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 $1.89M
- Total Rounds 9
- Last Round Seed — $43,048
- First Round $602,094
(Apr 2019)
- Investors Count 82
All 9 funding rounds of Flatheads 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 |
|---|---|---|---|---|---|
| Jun 2022 | $43,048 | Seed | $3.51M | Erias Ventures | |
| May 2022 | $22,741 | Angel Round | $3.48M | Srinath Chigullapalli | – |
| Apr 2022 | Angel Round | $••••• | – | ||
| Mar 2022 | $19,665 | Angel Round | $••••• | Ritesh Chaturbedi | – |
| Jan 2022 | $141,881 | Seed | – | – | |
| Aug 2021 | $1M | Seed | $••••• | LetsVenture, We Founder Circle | |
| Jun 2021 | Seed | – | – | ||
| Apr 2020 | $62,879 | Angel Round | $••••• | Srinath Chigullapalli | |
| Apr 2019 | $602,094 | Seed | $••••• | Wellfound |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $3.51M | •••••••• |
| May 2022 | $3.48M | •••••••• |
| Apr 2022 | $••••• | •••••••• |
| Mar 2022 | $••••• | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Apr 2020 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
Full valuation and stage history of Flatheads
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $3.51M (Jun 2022). 83 investors in total: 13 institutional and 70 angel.
Investors in Flatheads
Flatheads has secured backing from 83 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include GetVantage, Wellfound and Styched.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in multiple sectors | fvgcapital.com | Singapore, Singapore | ||
Early-stage startups are funded by this venture capital entity. | Mumbai, India | |||
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Pre-seed and seed-stage investments are made across multiple sectors. | dexter.ventures | Mumbai, India | ||
Delivers services in mobile app development, data analytics, and cloud computing. | 2018 | eriasventures.com | Eldersburg, United States | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Develops high-frequency trading systems and algorithms for global markets. | 2011 | nksecurities.com | Gandhinagar, India | |
LED lighting systems are provided by CMG in India. | cmgllp.in | Surat, India | ||
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Communication, nodes and platform | 1996 | ambientcorp.com | Newton, United States |
Investor details for Flatheads
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Flathead Designs Private Limited (Flatheads)
Flathead Designs Private Limited is the primary company behind Flatheads. The boards of the 2 registered companies of Flatheads currently have 3 directors; the longest-serving is Ganesh Balakrishnan, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ganesh Balakrishnan DIN 02740958 | Director | 19 Nov 2018 | 7 yrs 11 mo | Flathead Designs Private Limited |
| Durga Madhab Dash DIN 08790174 | Non- Individual Subscriber | 18 Nov 2023 | 2 yrs 11 mo | Suavedreams Needlework Attire India Private Limited, Flathead Designs Private Limited |
| Soumajit Bhowmik DIN 08253766 | Director | 18 Nov 2023 | 2 yrs 11 mo | Suavedreams Needlework Attire India Private Limited |
People of Flatheads
3 people are tracked at Flatheads (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Shweta Agrawal | Angel Investor | Team |
Complete people profiles for Flatheads
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Flatheads
Figures of Flathead Designs Private Limited, the primary company behind Flatheads, for FY 2024. Revenue was ₹4.7 Lakh (-97% year on year). Net loss was -₹2.8 Lakh (-59% margin). EBITDA was -₹2.6 Lakh (-56% margin). Revenue has grown at a compounded annual rate of -69% over three years.
- ₹4.7 LakhRevenue · FY 2024 · -97% YoY
- -₹2.8 LakhNet loss · -59% margin
- -₹2.6 LakhEBITDA · -56% margin
- ₹1.5 LakhPaid-up capital
- -69%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Flathead Designs Private Limited are on its company page.
Detailed financial statements for Flatheads
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Flatheads
5 dated milestones of Flatheads across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Flatheads is founded.
- Funding First funding round of $602K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $43K.
- Exit Acquired by Styched.
Web traffic of Flatheads
The website of Flatheads (flatheads.in) receives about 22.1K visits a month.
- Monthly visits22.1K
▲ 22.7% vs previous month
Websites whose visitors overlap most with Flatheads. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| neemans.com | 100% | 2.4M | #21,707 | View details | |
| 1finance.co.in | 100% | 229.5K | #241,401 | View details |
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Flatheads (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Related news about Flatheads
Complete news archive for Flatheads
Full article history, source details, and older brand coverage require an active premium plan.
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Frequently Asked Questions about Flatheads
Flatheads was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Flatheads is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Flatheads is a funded company, having raised a total of $1.89M across 9 funding rounds to date. The company's 1st funding round was a Seed of $602.09K, raised on Apr 2019.
The primary company behind Flatheads, Flathead Designs Private Limited, reported revenue of ₹4.7 Lakh for FY 2024, down 97% year on year.
Flatheads was founded in 2018 in Bengaluru, India, as an internet-first brand in the footwear sector. Casual shoes such as sandals, bamboo shoes, and slip-ons are provided, along with accessories including shoe cleaners, socks, and masks. Features like breathability, toe and heel protection, and washability are incorporated in the products. Operations focus on direct-to-consumer sales through the online domain flatheads.in.
Flatheads offers Ellipsis Sneakers, Luft Sneakers, Linen Sneakers, and Tshirts.
Flatheads has 83 investors. Key investors include GetVantage, Wellfound, Styched, LetsVenture, and We Founder Circle.
The valuation of Flatheads is $3.51M as of Jun 2022.
Flatheads is associated with 2 legal entities: Flathead Designs Private Limited, Suavedreams Needlework Attire India Private Limited.
Yes. Flatheads was acquired by Styched in July 2023.
The legal entities of Flatheads currently have 3 directors, including Durga Madhab Dash, Soumajit Bhowmik, Ganesh Balakrishnan.