About Innolat
Innolat is a company based in Raipur (India) founded in 2015 by Prakriti Khare. Innolat has raised $28.78 thousand across 1 funding round from investors including KIIT. Innolat operates in a competitive market with competitors including NovoEd, eDynamic Learning, Boclips, Aktiv and The Student Hub, among others.
- Headquarter Raipur, India
- Founders Prakriti Khare
- SectorsEducation
- Email••••••••
- Website innolat.com
- Social LinkedIn X Facebook
- Legal Name Innolat Technologies Private Limited
- Date of Incorporation 31 May, 2016
- Jurisdiction Raipur, Chhattisgarh, India
- Annual Revenue₹3.8 Lakh
FY 2021 · -83% YoY
- Net Loss-₹16 Lakh
FY 2021 · -422% margin
- EBITDA-₹12.3 Lakh
FY 2021 · -324% margin
- Total Equity Funding$28.78K (USD)
in 1 rounds
- Latest Funding Round$28.78K (USD), Seed
Jan 2019
- Investors
Associated legal entities of Innolat
Innolat operates through Innolat Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innolat Technologies Private Limited CIN U72900CT2016PTC007320 | Active | 31 May 2016 | Raipur, Chhattisgarh | ₹0.0 Cr | – | 2 | View details |
Funding Insights of Innolat
Innolat has successfully raised a total of $28.78K through 1 strategic funding round. The most recent funding activity was a Seed round of $28.78 thousand completed in January 2019. 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 $28,781
- Total Rounds 1
- Last Round Seed — $28,781
- First Round $28,781
(Jan 2019)
- Investors Count 1
All 1 funding rounds of Innolat 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 |
|---|---|---|---|---|---|
| Jan 2019 | $28,781 | Seed | $647,009 | KIIT | – |
Last known valuation $647,009 (Jan 2019). 1 investors in total: 1 institutional.
Investors in Innolat
Innolat has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include KIIT.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple undergraduate and postgraduate programs are offered in diverse fields. | 1992 | kiit.ac.in | Bhubaneswar, India |
Investor details for Innolat
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Innolat Technologies Private Limited (Innolat)
Innolat Technologies Private Limited is the primary company behind Innolat. The board of Innolat Technologies Private Limited currently have 2 directors; the longest-serving is Prakriti Khare, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prakriti Khare DIN 07513064 | Director | 31 May 2016 | 10 yrs 4 mo | Innolat Technologies Private Limited |
| Sonal Khemani Khemani DIN 08353661 | Additional Director | 30 Nov 2021 | 4 yrs 10 mo | Innolat Technologies Private Limited |
People of Innolat
1 people are tracked at Innolat (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & Director | Leadership |
Complete people profiles for Innolat
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Innolat
Figures of Innolat Technologies Private Limited, the primary company behind Innolat, for FY 2021. Revenue was ₹3.8 Lakh (-83% year on year). Net loss was -₹16 Lakh (-422% margin). EBITDA was -₹12.3 Lakh (-324% margin). Revenue has grown at a compounded annual rate of -29% over three years.
- ₹3.8 LakhRevenue · FY 2021 · -83% YoY
- -₹16 LakhNet loss · -422% margin
- -₹12.3 LakhEBITDA · -324% margin
- ₹25.2 LakhPaid-up capital
- -29%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Innolat Technologies Private Limited are on its company page.
Detailed financial statements for Innolat
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Innolat
2 dated milestones of Innolat across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Innolat is founded.
- Funding First funding round of $29K.
Competitors of Innolat
Innolat 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 NovoEd, eDynamic Learning, Boclips, Aktiv and The Student Hub, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| novoed.com | 2012 | San Francisco, United States | $4.8M | – | Online learning and training programs platform | |
| edynamiclearning.com | 2008 | Southlake, United States | – | – | Curriculum-based online courses are offered in diverse subjects. | |
| boclips.com | 2014 | London, United Kingdom | $12.19M | 27 | Online learning management providers for schools and universities | |
| aktiv.com | 2016 | New York, United States | $12.59M | – | Provider of online learning solutions for school students | |
| thestudenthub.co.za | 2015 | Cape Town, South Africa | $2.93M | – | Learning solutions are offered via an online platform for students. | |
| goseeko.com | 2015 | Delhi, India | $730,030 | 8 | Mobile-based platform providing learning solutions for college students | |
| boundlesslearning.com | 1993 | Plantation, United States | $1.71M | 14 | Provider of tools, technical assistance, and resources for institutes | |
| viax.org | 2015 | Beijing, China | $10M | – | Online education platform for students | |
| couragion.com | 2014 | Denver, United States | $100,000 | 20 | STEM careers are explored by students via an iPad app. |
Detailed competitors of Innolat
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Innolat
10 companies that operate in the same segment as Innolat (Education Technology Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a platform providing gamified language learning through interactive exercises | 2011 | Pittsburgh, Pennsylvania, United States | USD 183.3 M | USD 748.02 M | 830 | |
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 311.77 M | USD 415.66 M | 10,293 | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 47.59 M | 1,308 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 106.21 M | – | – | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M | – | – | |
Real-time classroom behavior feedback is delivered to students by teachers. | 2011 | San Francisco, California, United States | USD 221.22 M | – | – | |
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.32 M | USD 43.22 M | 1,149 | |
Cloud-based learning management systems are provided for educational courses. | 1999 | Salt Lake City, Utah, United States | USD 88.85 M | – | – | |
High-quality K-12 curriculum and assessments are provided by Amplify. | 2000 | Brooklyn, New York, United States | USD 215 M | – | – | |
One-to-one online English tutoring is provided by 51Talk. | 2011 | Beijing, China | USD 89 M | USD 95.85 M | 539 |
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Frequently Asked Questions about Innolat
Innolat was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Innolat is headquartered in Raipur, India. It is registered at Raipur, Chhattisgarh, India.
Innolat is a funded company, having raised a total of $28.78K across 1 funding round to date. The company's 1st funding round was a Seed of $28.78K, raised on Jan 2019.
The primary company behind Innolat, Innolat Technologies Private Limited, reported revenue of ₹3.8 Lakh for FY 2021, down 83% year on year.
Personalized virtual learning platform for undergraduates. iLrnn - their flagship product, is a cloud-based platform offering a suite of features to create an interactive learning environment for educational institutions ranging from colleges, schools, and training organizations. Allows students to learn self-paced blended courses, complete assignments, virtually interact with industry-based mentors and peers for immediate query resolution. Offered courses include AngularJS, Bootstrap, Android software development, IoT, AR VR, SQL, and more. Also offers live internship projects to learn industry-relevant skills.
Innolat's top competitors include NovoEd, Boclips and eDynamic Learning.
Innolat has 1 investor. Key investors include KIIT.
The valuation of Innolat is $647.01K as of Jan 2019.
Innolat operates through Innolat Technologies Private Limited.
The legal entities of Innolat currently have 2 directors, including Prakriti Khare, Sonal Khemani Khemani.