About HPS Lab Designs
HPS Lab Designs is a company based in Mumbai (India) founded in 2016 by Chandrashekhar Sakharam Sakpal, Gaurav Verma, and Shailendra Singh. HPS Lab Designs has raised $1.38 million across 5 funding rounds from investors including Vistra ITCL, HPCL and Refex Capital. The company has 51 employees as of March 29, 2024. HPS Lab Designs offers products and services including Ajjas Pro, Ajjas Lite, and Ajjas Go. HPS Lab Designs operates in a competitive market with competitors including Samsara, Spireon, Inseego, Quartix and Swift Navigation, among others.
- Headquarter Mumbai, India
- Employees 51 as on 29 Mar, 2024
- Founders Chandrashekhar Sakharam Sakpal, Gaurav Verma, Shailendra Singh
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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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 Hps Lab Designs Private Limited
- Date of Incorporation 06 Jul, 2016
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$504.69 K (USD)143.95as on Mar 31, 2023
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Net Profit
-$169.84 K (USD)-18.17as on Mar 31, 2023
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EBITDA
-$138.67 K (USD)-10.71as on Mar 31, 2023
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Total Equity Funding
$1.38 M (USD)
in 5 rounds
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Latest Funding Round
$597.35 K (USD), Seed
May 04, 2022
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Investors
Vistra ITCL
& 19 more
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Employee Count
51
as on Mar 29, 2024
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Products & Services of HPS Lab Designs
HPS Lab Designs offers a comprehensive portfolio of products and services, including Ajjas Pro, Ajjas Lite, and Ajjas Go.
Advanced GPS tracking for fleet and asset management.
Basic real-time tracking for rental and delivery operations.
Simplified GPS solutions for OEM integration and monitoring.
Funding Insights of HPS Lab Designs
HPS Lab Designs has successfully raised a total of $1.38M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $597.35 thousand completed in May 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.
Investors in HPS Lab Designs
HPS Lab Designs has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Vistra ITCL, HPCL and Refex Capital.
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Multiple sectors are invested in by this private equity firm.
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Early-stage venture capital fund investing in innovative startups.
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Private equity investments are managed by Solidarity across multiple sectors.
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Investor details for HPS Lab Designs
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Investments & Acquisitions by HPS Lab Designs
Investment portfolio details for HPS Lab Designs
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Financial Statements - HPS Lab Designs
Detailed financials for HPS Lab Designs
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Hps Lab Designs Comparisons
Peer comparison for HPS Lab Designs
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Competitors of HPS Lab Designs
HPS Lab Designs 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 Samsara, Spireon, Inseego, Quartix and Swift Navigation, among others.
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AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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SaaS-enabled solutions for fleet and field service management are offered.
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IoT networking hardware and device management platforms are provided.
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GPS vehicle tracking and fleet management solutions are provided.
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Provider of positioning and navigation solutions for farm tractors
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Fleet safety management products are developed for transportation.
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Detailed competitors of HPS Lab Designs
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Latest news on Hps Lab Designs
Complete news archive for HPS Lab Designs
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Frequently Asked Questions about HPS Lab Designs
HPS Lab Designs was founded in 2016 and raised its 1st funding round 3 years after it was founded.
HPS Lab Designs is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Gaurav Verma is the current CEO of HPS Lab Designs. They have also founded this company.
HPS Lab Designs is a funded company, having raised a total of $1.38M across 5 funding rounds to date.
As of Mar 29, 2024, the latest employee count at HPS Lab Designs is 51.
Annual revenue of HPS Lab Designs is $504.69K as on Mar 31, 2023.
HPS Lab Designs was founded in 2016 in Mumbai, India, focusing on IoT GPS solutions for logistics, fleet management, rental services, finance, OEMs, and last-mile delivery. Real-time tracking, analytics, geo-fencing, and remote immobilization are offered to support security and efficiency. Patented in-house devices enable these features, with targeted applications for EV finance to aid loan recovery and for vehicle rentals to track usage and allocation.
HPS Lab Designs's top competitors include Samsara, Inseego and Swift Navigation.
HPS Lab Designs offers Ajjas Pro, Ajjas Lite, and Ajjas Go.
HPS Lab Designs has 20 investors. Key investors include Vistra ITCL, HPCL, Refex Capital, Merlin Capital Technologies, and Timothy J Laing.
The valuation of HPS Lab Designs is $6.33M as of May 2022.