About Lateral Praxis
Lateral Praxis is a company based in Mumbai (India) founded in 1999 was acquired by Pioneering Ventures in May 2020.. Lateral Praxis operates in a competitive market with competitors including FBN, DeHaat, Ayekart, StarAgri and Farmers Edge, among others.
- Headquarter Mumbai, India
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Sectors
Agriculture
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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 Innoterra Tech India Private Limited
- Date of Incorporation 02 Jul, 2010
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$145.35 K (USD)-40.88as on Mar 31, 2023
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Net Profit
$-236.13 K (USD)69.43as on Mar 31, 2023
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EBITDA
$-228.37 K (USD)69.83as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Pioneering Ventures
(May 25, 2020)
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Funding Insights of Lateral Praxis
| 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 Lateral Praxis
Lateral Praxis has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Pioneering Ventures. 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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Investments are focused on Indian farm and food 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 Lateral Praxis
| 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 - Lateral Praxis
| 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 |
Lateral Praxis Comparisons
Competitors of Lateral Praxis
Lateral Praxis 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 FBN, DeHaat, Ayekart, StarAgri and Farmers Edge, 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 |
Provider of farmers networking platform
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| domain | founded_year | HQ Location |
DeHaat is recognized as an online marketplace for farmers.
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| domain | founded_year | HQ Location |
Agricultural producers and distributors are connected through a service network.
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| domain | founded_year | HQ Location |
Integrated services are provided across the agricultural value chain.
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| domain | founded_year | HQ Location |
Precision agriculture solutions and farm data management platforms are provided.
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| domain | founded_year | HQ Location |
Provider of weather information and content marketing services
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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 Lateral Praxis
When was Lateral Praxis founded?
Lateral Praxis was founded in 1999.
Where is Lateral Praxis located?
Lateral Praxis is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
What is the annual revenue of Lateral Praxis?
Annual revenue of Lateral Praxis is $145.35K as on Mar 31, 2023.
What does Lateral Praxis do?
Lateral Praxis was founded in 1999 and is headquartered in Mumbai, India. Operations center on delivering services to the agricultural sector, with LP-Connect handling farm-related activities and LP-GRC covering e-governance and IT needs. Key offerings encompass farm monitoring, analytics, data collection, internal audit systems, and Geo-tagging for agricultural assets. Focus remains on supporting farmers through technology and governance tools.
Who are the top competitors of Lateral Praxis?
Who are Lateral Praxis's investors?
Lateral Praxis has 1 investor. Key investors include Pioneering Ventures.