About GoFloat
GoFloat is a Consumer company based in Mumbai (India) founded in 2019 by Sarang Bora. Flotation and water safety devices are manufactured and exported. GoFloat has raised $492.78 thousand across 1 funding round from investors including Pradeep Rathod, Abhaya Srisrimal Jain and Anil Jain. Its Indian entity Gofloat Technologies Private Limited reported revenue of ₹10 Lakh. GoFloat offers products and services including Potatoes and Grain Marketing. Its focus areas include Consumer Goods, Sports Equipment and Multi-Sports.
Company details
GoFloat was founded in 2019 in Mumbai, India. Flotation devices along with other water safety equipment are produced and exported by the company. Operations center on the manufacturing of these products for marine and recreational use. The sector encompasses safety gear for water environments, with distribution handled internationally from the Indian base. Leadership includes co-founder Sarang Bora.
- Headquarters Mumbai, India
- Founders Sarang Bora
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website gofloat.tech
- Social LinkedIn X Facebook
- Legal Name Gofloat Technologies Private Limited
- Date of Incorporation 02 May, 2019
- Jurisdiction Jamkhed, Maharashtra, India
- Annual Revenue₹10 Lakh
FY 2024 · -84% YoY
- Net Loss-₹14.3 Lakh
FY 2024 · -144% margin
- EBITDA-₹8.4 Lakh
FY 2024 · -85% margin
- Total Equity Funding$492.78K (USD)
in 1 rounds
- Latest Funding Round$492.78K (USD), Angel Round
Jan 2020
Associated legal entities of GoFloat
GoFloat operates through Gofloat Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gofloat Technologies Private Limited CIN U31101PN2019PTC183883 | Active | 02 May 2019 | Jamkhed, Maharashtra | ₹0.1 Cr | 3 | View details |
Products & Services of GoFloat
GoFloat offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing.
Potatoes are farmed and sold for food and industrial uses by GOFLOAT.
Grains are promoted and distributed from farms by GOFLOAT.
Funding Insights of GoFloat
GoFloat has successfully raised a total of $492.78K through 1 strategic funding round. The most recent funding activity was a Angel Round of $492.78 thousand completed in January 2020. 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 $492,777
- Total Rounds 1
- Last Round Angel Round — $492,777
- First Round $492,777
(Jan 2020)
- Investors Count 3
All 1 funding rounds of GoFloat 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 |
|---|---|---|---|---|---|
| Jan 2020 | $492,777 | Angel Round | – | Pradeep Rathod, Abhaya Srisrimal Jain | – |
3 investors in total: 0 institutional and 3 angel.
Investors in GoFloat
GoFloat has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Pradeep Rathod, Abhaya Srisrimal Jain and Anil Jain.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PR Pradeep Rathod | unknown_fc13f8276a2d4a45a | |||
AS Abhaya Srisrimal Jain | unknown_4c1af13a6ef841308 | |||
AJ Anil Jain | Angel investor, ex-CEO of Nandi Infrastructure, focused on tech startups | unknown_e91af8ac5eeb4f23a |
Investor details for GoFloat
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 Gofloat Technologies Private Limited (GoFloat)
Gofloat Technologies Private Limited is the primary company behind GoFloat. The board of Gofloat Technologies Private Limited currently have 3 directors; the longest-serving is Pooja Jitendra Bora, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pooja Jitendra Bora DIN 08440686 | Director | 02 May 2019 | 7 yrs 5 mo | Gofloat Technologies Private Limited |
| Sarang Jitendra Bora DIN 08440685 | Director | 02 May 2019 | 7 yrs 5 mo | Gofloat Technologies Private Limited |
| Anish Hemant Mehta DIN 02950584 | Additional Director | 01 Feb 2024 | 2 yrs 8 mo | Gofloat Technologies Private Limited |
People of GoFloat
1 people are tracked at GoFloat (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for GoFloat
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 GoFloat
Figures of Gofloat Technologies Private Limited, the primary company behind GoFloat, for FY 2024. Revenue was ₹10 Lakh (-84% year on year). Net loss was -₹14.3 Lakh (-144% margin). EBITDA was -₹8.4 Lakh (-85% margin). Revenue has grown at a compounded annual rate of +87% over three years.
- ₹10 LakhRevenue · FY 2024 · -84% YoY
- -₹14.3 LakhNet loss · -144% margin
- -₹8.4 LakhEBITDA · -85% margin
- ₹50,400Paid-up capital
- +87%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Gofloat Technologies Private Limited are on its company page.
Detailed financial statements for GoFloat
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 GoFloat
2 dated milestones of GoFloat across 1 years, from founding to its latest funding, stage changes and deals.
- Founded GoFloat is founded.
- Funding First funding round of $493K.
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Frequently Asked Questions about GoFloat
GoFloat was founded in 2019 and raised its 1st funding round 1 year after it was founded.
GoFloat is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
GoFloat is a funded company, having raised a total of $492.78K across 1 funding round to date. The company's 1st funding round was a Angel Round of $492.78K, raised on Jan 2020.
The primary company behind GoFloat, Gofloat Technologies Private Limited, reported revenue of ₹10 Lakh for FY 2024, down 84% year on year.
GoFloat was founded in 2019 in Mumbai, India. Flotation devices along with other water safety equipment are produced and exported by the company. Operations center on the manufacturing of these products for marine and recreational use. The sector encompasses safety gear for water environments, with distribution handled internationally from the Indian base. Leadership includes co-founder Sarang Bora.
GoFloat offers Potatoes and Grain Marketing.
GoFloat has 3 investors. Key investors include Pradeep Rathod, Abhaya Srisrimal Jain, and Anil Jain.
GoFloat operates through Gofloat Technologies Private Limited.
The legal entities of GoFloat currently have 3 directors, including Anish Hemant Mehta, Pooja Jitendra Bora, Sarang Jitendra Bora.