About iGRiD
iGRiD is a company based in Hyderabad (India) founded in 2010 by Madhav Kota. iGRiD has raised $896.74 thousand across 2 funding rounds from investors including Srinivasan Namala and Puttam Lakshmi Neelima. iGRiD offers products and services including Car Vacuum Cleaner, Weight Machine, Water Flask, Electric Hot Water Bag, and Hair Straightener. iGRiD operates in a competitive market with competitors including Quince, Frido, Jaypore, Karghewale and Lemonade, among others.
- Headquarter Hyderabad, India
- Founders Madhav Kota
- Stage Minicorn
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Sectors
Retail
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Brightlight Renewable Technologies Private Limited
- Date of Incorporation 30 Apr, 2010
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$669.86 K (USD)79.75as on Mar 31, 2023
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Net Profit
$5.78 K (USD)-13.78as on Mar 31, 2023
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EBITDA
$20.32 K (USD)-8.73as on Mar 31, 2023
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Total Equity Funding
$896.74 K (USD)
in 2 rounds
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Latest Funding Round
$685.52 K (USD), Angel Round
Feb 11, 2021
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Investors
& 1 more
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Employee Count
Not available
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Products & Services of iGRiD
iGRiD offers a comprehensive portfolio of products and services, including Car Vacuum Cleaner, Weight Machine, Water Flask, Electric Hot Water Bag, and Hair Straightener.
Portable device for efficient car interior cleaning.
Tool to measure body parameters for health monitoring.
Durable bottle for everyday hydration needs.
Heating device for pain relief and warmth.
Styling tool for straightening hair smoothly.
Multi-purpose trimmer for facial hair removal.
Funding Insights of iGRiD
iGRiD has successfully raised a total of $896.74K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $685.52 thousand completed in February 2021. 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 iGRiD
iGRiD has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Srinivasan Namala and Puttam Lakshmi Neelima.
| Investor | Description | Founded Year | Domain | Location |
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Srinivasan Namala |
Angel investor, tech entrepreneur, ex-Amazon, focused on early-stage startups
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Puttam Lakshmi Neelima |
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Investor details for iGRiD
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Investments & Acquisitions by iGRiD
Investment portfolio details for iGRiD
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Financial Statements - iGRiD
Detailed financials for iGRiD
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- Profit trends
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Igrid Comparisons
Peer comparison for iGRiD
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Competitors of iGRiD
iGRiD 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 Quince, Frido, Jaypore, Karghewale and Lemonade, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category fashion products are offered online for men and women.
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Ergonomic products for pain relief and posture support are provided.
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Handcrafted and artisanal products are sold via an e-commerce platform.
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Handlooms and crafts apparel are retailed for the fashion industry.
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Eco-friendly multi-category products are sold online by Lemonade.
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Online seller of organic camphor products for aromatherapy, cleaning, and religious use.
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Detailed competitors of iGRiD
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Latest news on Igrid
Complete news archive for iGRiD
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Frequently Asked Questions about iGRiD
iGRiD was founded in 2010 and raised its 1st funding round 9 years after it was founded.
iGRiD is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
iGRiD is a funded company, having raised a total of $896.74K across 2 funding rounds to date.
Annual revenue of iGRiD is $669.86K as on Mar 31, 2023.
iGRiD was founded in 2010 in Hyderabad, India, as an internet-first brand focused on the electronics sector. Multi-category electronic products are offered through its online platform at igridstore.com. Operations are centered in India, with distribution handled via e-commerce channels. The company is led by founder Madhav Kota, emphasizing direct-to-consumer sales in the consumer electronics market.
iGRiD offers Car Vacuum Cleaner, Weight Machine, Water Flask, Electric Hot Water Bag, and 2 more products and services.
iGRiD has 2 investors. Key investors include Srinivasan Namala, and Puttam Lakshmi Neelima.
The valuation of iGRiD is $1.66M as of Feb 2021.