About GraspIO
GraspIO is a Technology company based in Bengaluru (India) founded in 2011 by Kishore Varma Konduru and Shanmugha Tumkur Srinivas. IoT and robotics prototyping platform is provided for quick development. GraspIO has raised $519.08 thousand across 3 funding rounds from investors including Arun Vemuri, Kedar Anil Wagle and Satish Kumar. The company has 4 employees. GraspIO was last valued at $3 million in October 2016. Its Indian entity Grasp Io Innovations Private Limited reported revenue of ₹5.3 Lakh. Its focus areas include Semiconductors, Embedded Systems, Embedded Hardware and Development Boards.
Company details
Grasp IO offers a prototyping platform enabling users to quickly build IoT and Robotics. It offers Cloudio, a DIY Raspberry Pi add-on board with drag-n-drop programming interface on iOS and Android devices. The board is equipped with a 0.96-inch OLED display, IR sensor, light sensor, temperature sensor, tactile switch, three ADC ports, a mini servomotor port for external sensors, three digital output ports, an RGB LED, and a buzzer. Applications include voice control, speech output, IFTTT integration, sensor monitoring, custom and camera notifications etc. As of March 2018, it is priced at 39.99. The product is manufactured and distributed by Premier Farnell UK Limited and member companies of Premier Farnell Group.
- Headquarters Bengaluru, India
- Employees 4
- Founders Kishore Varma Konduru, Shanmugha Tumkur Srinivas
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website grasp.io
- Social X Facebook
- Legal Name Grasp Io Innovations Private Limited
- Date of Incorporation 18 Aug, 2011
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.3 Lakh
FY 2023 · -16% YoY
- Net Loss-₹70.7 Lakh
FY 2023 · -1331% margin
- EBITDA-₹50.8 Lakh
FY 2023 · -957% margin
- Total Equity Funding$519.08K (USD)
in 3 rounds
- Latest Funding Round$235.31K (USD), Angel Round
May 2017
- InvestorsCIIE
& 25 more
- Employee Count4
Associated legal entities of GraspIO
GraspIO operates through Grasp Io Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Grasp Io Innovations Private Limited CIN U72200KA2011PTC060040 | Active | 18 Aug 2011 | Bangalore, Karnataka | ₹0.1 Cr | 4 | 3 | View details |
Funding Insights of GraspIO
GraspIO has successfully raised a total of $519.08K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $235.31 thousand completed in May 2017. 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 $519,079
- Total Rounds 3
- Last Round Angel Round — $235,307
- First Round $253,794
(Jun 2015)
- Investors Count 26
All 3 funding rounds of GraspIO 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 |
|---|---|---|---|---|---|
| May 2017 | $235,307 | Angel Round | – | Arun Vemuri | |
| Oct 2016 | $29,978 | Seed | $3M | – | |
| Jun 2015 | $253,794 | Seed | $3.09M | Salim Pyarali Govani, Salim Pyarali Govani |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2016 | $3M | •••••••• |
| Jun 2015 | $3.09M | •••••••• |
Last known valuation $3M (Oct 2016). 26 investors in total: 2 institutional and 24 angel.
Investors in GraspIO
GraspIO has secured backing from 26 investors, including angel and institutional investors. Prominent investors backing the company include Arun Vemuri, Kedar Anil Wagle and Satish Kumar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup incubator | ciie.co | Ahmedabad, India | ||
Investments are managed by Dalal & Broacha as a firm. | dalal-broacha.com | Mumbai, India | ||
AV Arun Vemuri | unknown_5a2ba99b9ced40938 | |||
KA Kedar Anil Wagle | unknown_580e3353365e47429 | |||
SK Satish Kumar | Angel investor and entrepreneur, focused on tech startups in India. | unknown_361c1e8fe9b84c86a | ||
DK Dinesh Kumar | Angel investor and entrepreneur, known for early-stage tech investments in India. | unknown_0cfcf1b8f2cf41579 | ||
AK Ajith Kumar | Indian angel investor focusing on early-stage tech startups and innovation. | unknown_6fc60ebdb19940119 | ||
AV Amith Vijayakumar | unknown_49badeb821524ef4a | |||
MJ Meenakshi Jain | unknown_f10de3c583cb4d3ab | |||
SR Sabu R K | unknown_8b2e4c595b674affa |
Investor details for GraspIO
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 Grasp Io Innovations Private Limited (GraspIO)
Grasp Io Innovations Private Limited is the primary company behind GraspIO. The board of Grasp Io Innovations Private Limited currently have 3 directors; the longest-serving is Tumkur Srinivas Shanmugha, appointed in 2011. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tumkur Srinivas Shanmugha DIN 03059672 | Managing Director | 18 Aug 2011 | 15 yrs 2 mo | Grasp Io Innovations Private Limited |
| Kishore Varma Konduru DIN 07189833 | Director appointed in casual vacancy | 22 May 2015 | 11 yrs 5 mo | Grasp Io Innovations Private Limited |
| Abhijit Adiga DIN 08585087 | Director | 30 Sep 2019 | 7 yrs | Grasp Io Innovations Private Limited |
People of GraspIO
3 people are tracked at GraspIO (3 in leadership); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| COO | Leadership |
Complete people profiles for GraspIO
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 GraspIO
Figures of Grasp Io Innovations Private Limited, the primary company behind GraspIO, for FY 2023. Revenue was ₹5.3 Lakh (-16% year on year). Net loss was -₹70.7 Lakh (-1331% margin). EBITDA was -₹50.8 Lakh (-957% margin). Revenue has grown at a compounded annual rate of -62% over three years and -16% over five years.
- ₹5.3 LakhRevenue · FY 2023 · -16% YoY
- -₹70.7 LakhNet loss · -1331% margin
- -₹50.8 LakhEBITDA · -957% margin
- ₹1.54 CrPaid-up capital
- 4Employees (provident fund records)
- -62%Revenue CAGR, 3 years
- -16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Grasp Io Innovations Private Limited are on its company page.
Detailed financial statements for GraspIO
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 GraspIO
4 dated milestones of GraspIO across 6 years, from founding to its latest funding, stage changes and deals.
- Founded GraspIO is founded.
- Funding First funding round of $254K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $235K.
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Frequently Asked Questions about GraspIO
GraspIO was founded in 2011 and raised its 1st funding round 4 years after it was founded.
GraspIO is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
GraspIO is a funded company, having raised a total of $519.08K across 3 funding rounds to date. The company's 1st funding round was a Seed of $253.79K, raised on Jun 2015.
GraspIO has 4 employees.
The primary company behind GraspIO, Grasp Io Innovations Private Limited, reported revenue of ₹5.3 Lakh for FY 2023, down 16% year on year.
Grasp IO offers a prototyping platform enabling users to quickly build IoT and Robotics. It offers Cloudio, a DIY Raspberry Pi add-on board with drag-n-drop programming interface on iOS and Android devices. The board is equipped with a 0.96-inch OLED display, IR sensor, light sensor, temperature sensor, tactile switch, three ADC ports, a mini servomotor port for external sensors, three digital output ports, an RGB LED, and a buzzer. Applications include voice control, speech output, IFTTT integration, sensor monitoring, custom and camera notifications etc. As of March 2018, it is priced at 39.99. The product is manufactured and distributed by Premier Farnell UK Limited and member companies of Premier Farnell Group.
GraspIO has 26 investors. Key investors include Arun Vemuri, Kedar Anil Wagle, Satish Kumar, Dinesh Kumar, and Ajith Kumar.
The valuation of GraspIO is $3M as of Oct 2016.
GraspIO operates through Grasp Io Innovations Private Limited.
The legal entities of GraspIO currently have 3 directors, including Kishore Varma Konduru, Tumkur Srinivas Shanmugha, Abhijit Adiga.