About ideaForge
ideaForge is a company based in Navi Mumbai (India) founded in 2007 by Ashish Bhat, Rahul Singh, and Ankit Mehta.. ideaForge has raised $53.82 million across 16 funding rounds from investors including Qualcomm, Infosys and BlackSoil. The company has 595 employees as of March 31, 2024. ideaForge offers products and services including Drones. ideaForge operates in a competitive market with competitors including DJI, Shield AI, Skydio, Vantage Robotics and H3 Dynamics, among others.
- Headquarter Navi Mumbai, India
- Employees 595 as on 31 Mar, 2024
- Founders Ashish Bhat, Rahul Singh, Ankit Mehta
- Stage Public
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Sectors
Aerospace, Defense & Maritime
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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 Ideaforge Technology Limited
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Annual Revenue
$18.81 M (USD)-46.54as on Mar 31, 2024
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Net Profit
$-7.28 M (USD)-237.58as on Mar 31, 2024
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EBITDA
$-5.94 M (USD)-214.38as on Mar 31, 2024
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Total Equity Funding
$53.82 M (USD)
in 16 rounds
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Latest Funding Round
$7.27 M (USD), Series C
Jun 07, 2023
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Investors
Qualcomm
& 36 more
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Employee Count
595
as on Mar 31, 2024
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IPO & Listings of ideaForge
ideaForge is a publicly listed company on the NSE with ticker symbol IDEAFORGE in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of ideaForge
ideaForge offers a comprehensive portfolio of products and services, including Drones. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advanced drones for surveillance, delivery, and industrial use
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Funding Insights of ideaForge
ideaForge has successfully raised a total of $53.82M across 16 strategic funding rounds. The most recent funding activity was a Series C round of $7.27 million completed in June 2023. 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 16
- Last Round Series C — $7.3M
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First Round
First Round
(31 Mar 2009)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series C - ideaForge | Valuation |
investors |
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| Jul, 2022 | Amount | Series C - ideaForge | Valuation | BlackSoil , Blue Ashva Capital |
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| Apr, 2022 | Amount | Series B - ideaForge | Valuation | Florintree |
| 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 ideaForge
ideaForge has secured backing from 37 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Qualcomm, Infosys and BlackSoil. 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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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location | |
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Investment and incubation services in innovative and sustainable sectors.
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Founded Year | Domain | Location | |
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Privat equity firm
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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 ideaForge
| 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 - ideaForge
| 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 |
Ideaforge Comparisons
Competitors of ideaForge
ideaForge 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 DJI, Shield AI, Skydio, Vantage Robotics and H3 Dynamics, 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 |
Multi-utility drones are developed for agriculture and filmmaking sectors.
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| domain | founded_year | HQ Location |
Autonomous drones and AI pilots for fighter jets are developed.
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| domain | founded_year | HQ Location |
Autonomous drones, software, and accessories are manufactured for various sectors.
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| domain | founded_year | HQ Location |
Unmanned aircraft systems are developed for government and business clients.
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| domain | founded_year | HQ Location |
Aerial inspection services are delivered using automated drones.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ideaforge
Frequently Asked Questions about ideaForge
When was ideaForge founded?
ideaForge was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is ideaForge located?
ideaForge is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Who is the current CEO of ideaForge?
Ankit Mehta is the current CEO of ideaForge. They have also founded this company.
Is ideaForge a funded company?
ideaForge is a funded company, having raised a total of $53.82M across 16 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Mar 31, 2009.
How many employees does ideaForge have?
As of Mar 31, 2024, the latest employee count at ideaForge is 595.
What is the annual revenue of ideaForge?
Annual revenue of ideaForge is $18.81M as on Mar 31, 2024.
What does ideaForge do?
ideaForge was founded in 2007 and is headquartered in Navi Mumbai, India. Unmanned aerial vehicles, along with associated systems such as drones and mapping platforms, are developed and produced by the company. These technologies are applied in sectors including surveillance, mapping, industrial inspection, and public safety. Operations focus on engineering and research to support defense and civilian uses.
Who are the top competitors of ideaForge?
What products or services does ideaForge offer?
ideaForge offers Drones.
Is ideaForge publicly traded?
Yes, ideaForge is publicly traded on NSE under the ticker symbol IDEAFORGE.
Who are ideaForge's investors?
ideaForge has 37 investors. Key investors include Qualcomm, Infosys, BlackSoil, 360 One, and Qualcomm Ventures.
What is ideaForge's ticker symbol?
The ticker symbol of ideaForge is IDEAFORGE on NSE.
What is ideaForge's valuation?
The valuation of ideaForge is $335.26M as of Jun 2023.
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