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
*********
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Website
*********
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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
Employee Count
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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. 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.
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 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $685,520
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First Round
First Round
(01 Mar 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Angel Round - iGRiD | Valuation | Srinivasan Namala |
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| Mar, 2019 | Amount | Angel Round - iGRiD | Valuation | Puttam Lakshmi Neelima |
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| 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 iGRiD
iGRiD has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Srinivasan Namala and Puttam Lakshmi Neelima. 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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SN
Srinivasan Namala |
Angel investor, tech entrepreneur, ex-Amazon, focused on early-stage startups
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Founded Year | Domain | Location |
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PL
Puttam Lakshmi Neelima |
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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 iGRiD
| 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 - iGRiD
| 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 |
Igrid Comparisons
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. 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-category fashion products are offered online for men and women.
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| domain | founded_year | HQ Location |
Ergonomic products for pain relief and posture support are provided.
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| domain | founded_year | HQ Location |
Handcrafted and artisanal products are sold via an e-commerce platform.
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| domain | founded_year | HQ Location |
Handlooms and crafts apparel are retailed for the fashion industry.
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| domain | founded_year | HQ Location |
Eco-friendly multi-category products are sold online by Lemonade.
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| domain | founded_year | HQ Location |
Online seller of organic camphor products for aromatherapy, cleaning, and religious use.
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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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Frequently Asked Questions about iGRiD
When was iGRiD founded?
iGRiD was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is iGRiD located?
iGRiD is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is iGRiD a funded company?
iGRiD is a funded company, having raised a total of $896.74K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $211.22K, raised on Mar 01, 2019.
What is the annual revenue of iGRiD?
Annual revenue of iGRiD is $669.86K as on Mar 31, 2023.
What does iGRiD do?
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.
What products or services does iGRiD offer?
iGRiD offers Car Vacuum Cleaner, Weight Machine, Water Flask, Electric Hot Water Bag, and 2 more products and services.
Who are iGRiD's investors?
iGRiD has 2 investors. Key investors include Srinivasan Namala, and Puttam Lakshmi Neelima.
What is iGRiD's valuation?
The valuation of iGRiD is $1.66M as of Feb 2021.