About IoTfy
IoTfy is a company based in Delhi (India) founded in 2014 by Sushant Taneja, Saurabh Shandilya, Shivam Dikshit, Arpit Chhabra, and Shashank Saxena.. IoTfy offers products and services including iACE IoT Platform, iota Device Operating System, Mobile Applications, and Voice Assistant Integrations. IoTfy operates in a competitive market with competitors including PTC, Software AG, DrinkPrime, Faclon Labs and Flutura, among others.
- Headquarter Delhi, India
- Founders Sushant Taneja, Saurabh Shandilya, Shivam Dikshit, Arpit Chhabra, Shashank Saxena
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Sectors
EnvironmentTechnology Consumer
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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 Iotfy Solutions Private Limited
- Date of Incorporation 25 May, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.29 M (USD)28.8as on Mar 31, 2023
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Net Profit
$70.68 K (USD)167.21as on Mar 31, 2023
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EBITDA
$180.97 K (USD)257.88as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Products & Services of IoTfy
IoTfy offers a comprehensive portfolio of products and services, including iACE IoT Platform, iota Device Operating System, Mobile Applications, and Voice Assistant Integrations. 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.
Cloud-based platform for IoT and AI in appliances.
RTOS supporting WiFi modules for devices.
White-labelled apps for Android and iOS users.
Compatibility with Alexa and Google Home.
Funding Insights of IoTfy
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2016 | Amount | Seed - IoTfy | Valuation |
investors |
| 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 IoTfy
IoTfy has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include 9Mile Labs. 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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Investment in early-stage enterprise B2B startups.
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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 IoTfy
| 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 - IoTfy
| 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 |
Iotfy Comparisons
Competitors of IoTfy
IoTfy 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 PTC, Software AG, DrinkPrime, Faclon Labs and Flutura, 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 |
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| domain | founded_year | HQ Location |
PTC is recognized as a global leader in product lifecycle management software.
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| domain | founded_year | HQ Location |
Provider of data integration, application modernization, and digital transformation solutions
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| domain | founded_year | HQ Location |
Provider of smart water purifier rental and maintenance services
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| domain | founded_year | HQ Location |
Industrial data and AI platform for decision intelligence is offered.
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| domain | founded_year | HQ Location |
End to end IoT platform for asset monitoring
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| domain | founded_year | HQ Location |
Provider of intelligent city management software solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 IoTfy
When was IoTfy founded?
IoTfy was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is IoTfy located?
IoTfy is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of IoTfy?
Arpit Chhabra is the current CEO of IoTfy. They have also founded this company.
What is the annual revenue of IoTfy?
Annual revenue of IoTfy is $1.29M as on Mar 31, 2023.
What does IoTfy do?
IoTfy was founded in 2014 in Delhi, India, focusing on the IoT sector for supply chain management. Hardware solutions, such as smart stickers, are utilized to track physical inventory, prevent warranty fraud, and monitor product usage and sales across the lifecycle. Cloud and mobile platforms are also offered to support manufacturers and brands in consumer durables and appliances.
Who are the top competitors of IoTfy?
IoTfy's top competitors include DrinkPrime, Software AG and PTC.
What products or services does IoTfy offer?
IoTfy offers iACE IoT Platform, iota Device Operating System, Mobile Applications, and Voice Assistant Integrations.
Who are IoTfy's investors?
IoTfy has 1 investor. Key investors include 9Mile Labs.
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