About iLenze
iLenze was a Technology company based in Bengaluru (India) founded in 2014 by Ashish Kumar and Koustubh Sinhal. It provides visual-based product search tools for efficient online shopping. It operates on a B2B model. iLenze has raised $516.73 thousand across 2 funding rounds from investors including Eight Mercatus and TLabs. iLenze was last valued at $149.58 thousand in June 2014. Its Indian entity Three Mid Technology Private Limited reported revenue of ₹10.8 Lakh. The company is recorded as dissolved. Its focus areas include Software, E-commerce Tools and Product Search.
Company details
iLenze, led by Ashish Kumar as Co-Founder, Koustubh Sinhal as Co-Founder, specializes in leveraging cutting-edge technology, software, e-commerce tools, and product search. Provides visual-based product search tools for efficient online shopping. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
- Headquarters Bengaluru, India
- Founders Ashish Kumar, Koustubh Sinhal
- SectorsTechnology
- Website ilenze.com
- Legal Name Three Mid Technology Private Limited
- Date of Incorporation 13 Sep, 2013
- Jurisdiction Raipur, Chhattisgarh, India
- Annual Revenue₹10.8 Lakh
FY 2017 · +114% YoY
- Net Loss-₹12,713
FY 2017 · -1% margin
- EBITDA-₹12,713
FY 2017 · -1% margin
- Total Equity Funding$516.73K (USD)
in 2 rounds
- Latest Funding Round$500K (USD), Seed
Sep 2015
- InvestorsEight Mercatus
& 1 more
Associated legal entities of iLenze
iLenze operates through Three Mid Technology Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Three Mid Technology Private Limited CIN U72501CT2013PTC001072 | Strike Off | 13 Sep 2013 | Raipur, Chhattisgarh | ₹0.1 Cr | 3 | View details |
Funding Insights of iLenze
iLenze has successfully raised a total of $516.73K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in September 2015. 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 $516,733
- Total Rounds 2
- Last Round Seed — $500,000
- First Round $16,733
(Jun 2014)
- Investors Count 2
All 2 funding rounds of iLenze 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 |
|---|---|---|---|---|---|
| Sep 2015 | $500,000 | Seed | – | – | |
| Jun 2014 | $16,733 | Seed | $149,576 | TLabs | – |
Last known valuation $149,576 (Jun 2014). 2 investors in total: 2 institutional.
Investors in iLenze
iLenze has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Eight Mercatus and TLabs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Innovation advisory and incubation services are provided to startup businesses. | eightmercatus.com | Singapore, Singapore | ||
Consumer internet startups are accelerated and funded by TLabs. | tlabs.in | Delhi, India |
Investor details for iLenze
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 Three Mid Technology Private Limited (iLenze)
Three Mid Technology Private Limited is the primary company behind iLenze. The board of Three Mid Technology Private Limited currently have 3 directors; the longest-serving is Ashish Kumar, appointed in 2013.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Kumar DIN 06659798 | Director | 13 Sep 2013 | 13 yrs 1 mo | Three Mid Technology Private Limited |
| Ankit Sachan DIN 06659843 | Director | 13 Sep 2013 | 13 yrs 1 mo | Three Mid Technology Private Limited |
| Koustubh Sinhal DIN 06659859 | Director | 13 Sep 2013 | 13 yrs 1 mo | Three Mid Technology Private Limited |
People of iLenze
2 people are tracked at iLenze (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for iLenze
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 iLenze
Figures of Three Mid Technology Private Limited, the primary company behind iLenze, for FY 2017. Revenue was ₹10.8 Lakh (+114% year on year). Net loss was -₹12,713 (-1% margin). EBITDA was -₹12,713 (-1% margin).
- ₹10.8 LakhRevenue · FY 2017 · +114% YoY
- -₹12,713Net loss · -1% margin
- -₹12,713EBITDA · -1% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Three Mid Technology Private Limited are on its company page.
Detailed financial statements for iLenze
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 iLenze
3 dated milestones of iLenze across 1 years, from founding to its latest funding, stage changes and deals.
- Founded iLenze is founded.
- Funding First funding round of $17K.
- Funding Latest funding round, Seed, of $500K.
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Frequently Asked Questions about iLenze
iLenze was founded in 2014.
iLenze is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
iLenze is a funded company, having raised a total of $516.73K across 2 funding rounds to date. The company's 1st funding round was a Seed of $16.73K, raised on Jun 2014.
The primary company behind iLenze, Three Mid Technology Private Limited, reported revenue of ₹10.8 Lakh for FY 2017, up 114% year on year.
iLenze, led by Ashish Kumar as Co-Founder, Koustubh Sinhal as Co-Founder, specializes in leveraging cutting-edge technology, software, e-commerce tools, and product search. Provides visual-based product search tools for efficient online shopping. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
iLenze has 2 investors. Key investors include Eight Mercatus, and TLabs.
The valuation of iLenze is $149.58K as of Jun 2014.
iLenze operates through Three Mid Technology Private Limited.
The legal entities of iLenze currently have 3 directors, including Ashish Kumar, Ankit Sachan, Koustubh Sinhal.