About Living Things
Living Things is a Business Services company based in Mumbai (India) founded in 2019 by Mayank Gupta, Shivani Umredkar, Sakib Shaikh, Madhusudhan Naik, and Shraddha Pandram. It operates in the Business Services, Energy & Utilities, and Real Estate & Construction sectors. Living Things has raised $1.12 million across 8 funding rounds from investors including IIT Bombay, Government of Maharashtra and Sumedha Fiscal Services. The company has 21 employees. Living Things was last valued at $3.97 million in March 2023. Its chief executive, as recorded, is Madhusudhan Naik. Its Indian entity Icapo Tech Private Limited reported revenue of ₹1.05 Cr. Living Things offers products and services including Utility Bill Analytics, Cooling Management Platform, Carbon Quantification, Carbon Mitigation, and Carbon Reporting. Its focus areas include Energy Tech, Energy Efficiency Tech, Energy Management System and HVAC Management.
Company details
Provider of solution for accelerating the net zero journey. It provides an IoT platform for accelerating the net zero journey towards a sustainable future. It integrates with existing air conditioners, empowering businesses and organisations to optimise and reduce energy usage, enhance operational efficiency, reduce carbon footprints, and drive sustainable practices. It uses real-time data analytics and intelligent insights for saving energy.
- Headquarters Mumbai, India
- Employees 21
- Founders Mayank Gupta, Shivani Umredkar, Sakib Shaikh, Madhusudhan Naik, Shraddha Pandram
- Stage Minicorn
- SectorsBusiness ServicesEnergy & Utilities Real Estate & Construction Technology
- Email••••••••
- Phone•••• ••••
- Website livingthings.ai
- Social LinkedIn X
- Legal Name Icapo Tech Private Limited
- Date of Incorporation 26 Mar, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.05 Cr
FY 2025 · +403% YoY
- Net Loss-₹5.75 Cr
FY 2025 · -547% margin
- EBITDA-₹5.71 Cr
FY 2025 · -543% margin
- Total Equity Funding$1.12M (USD)
in 8 rounds
- Latest Funding Round$855.1K (USD), Seed
Mar 2023
- InvestorsIIT Bombay
& 8 more
- Employee Count21
Associated legal entities of Living Things
Living Things operates through Icapo Tech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Icapo Tech Private Limited CIN U36999MH2019PTC323059 | Active | 26 Mar 2019 | Mumbai, Maharashtra | ₹1.1 Cr | 21 | 3 | View details |
Products & Services of Living Things
Living Things offers a comprehensive portfolio of products and services, including Utility Bill Analytics, Cooling Management Platform, Carbon Quantification, Carbon Mitigation, and Carbon Reporting.
Tool for analyzing bills to optimize energy consumption and reduce costs.
Platform using IoT for efficient cooling systems and energy savings.
Service to measure and analyze carbon emissions for sustainability.
Solutions to reduce carbon footprint through strategic interventions.
Platform for transparent carbon data reporting and compliance.
Funding Insights of Living Things
Living Things has successfully raised a total of $1.12M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $855.1 thousand completed in March 2023. 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 $1.12M
- Total Rounds 8
- Last Round Seed — $855,101
- First Round $17,752
(May 2019)
- Investors Count 9
All 8 funding rounds of Living Things 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 |
|---|---|---|---|---|---|
| Mar 2023 | $855,101 | Seed | $3.97M | Sumedha Fiscal Services | |
| Nov 2022 | $103,779 | Angel Round | $2.53M | Mangalath Unnikrishnan | |
| May 2022 | $16,401 | Angel Round | $••••• | – | – |
| Sep 2021 | Grant | – | – | ||
| Aug 2021 | $84,629 | Angel Round | $••••• | – | – |
| Dec 2020 | $11,132 | Angel Round | $••••• | – | – |
| May 2020 | $30,023 | Angel Round | $••••• | – | – |
| May 2019 | $17,752 | Angel Round | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $3.97M | •••••••• |
| Nov 2022 | $2.53M | •••••••• |
| May 2022 | $••••• | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Dec 2020 | $••••• | •••••••• |
| May 2020 | $••••• | •••••••• |
| May 2019 | $••••• | •••••••• |
Full valuation and stage history of Living Things
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $3.97M (Mar 2023). 9 investors in total: 4 institutional and 5 angel.
Investors in Living Things
Living Things has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IIT Bombay, Government of Maharashtra and Sumedha Fiscal Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic startups are accelerated by SINE, backed by IIT Bombay. | sineiitb.org | Mumbai, India | ||
Public research university offering undergraduate and graduate programs across various disciplines | 1958 | iitb.ac.in | Mumbai, India | |
Investment banking and wealth management services are provided in India. | 1989 | sumedhafiscal.com | Kolkata, India | |
Provider of secondary & higher secondary education | 1994 | maharashtra.gov.in | Mumbai, India | |
DK Dinesh Keskar | unknown_95ce569ab1c84ebb9 | |||
AC Amit Chatterjee | unknown_b20efe6c1dbb48708 | |||
MU Mangalath Unnikrishnan | unknown_4741fbaa69ed45b28 | |||
AC Amit Chatterjee | Angel investor, ex-Microsoft, focusing on tech startups in India | unknown_e72ab38607fe453cb | ||
AG Abhinav Gupta | Angel investor and entrepreneur, co-founder of Zomato, active in Indian startup ecosystem | unknown_adc5f3969b4241529 |
Investor details for Living Things
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Icapo Tech Private Limited (Living Things)
Icapo Tech Private Limited is the primary company behind Living Things. The board of Icapo Tech Private Limited currently have 3 directors; the longest-serving is Madhusudhan Heera Naik, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Madhusudhan Heera Naik DIN 07893915 | Director | 26 Mar 2019 | 7 yrs 6 mo | Icapo Tech Private Limited |
| Amit Kumar Sisir Chatterjee DIN 02720388 | Director | 24 Aug 2023 | 3 yrs 2 mo | Icapo Tech Private Limited |
| Mayank Gupta DIN 08596502 | Director | 04 Apr 2024 | 2 yrs 6 mo | Icapo Tech Private Limited |
People of Living Things
10 people are tracked at Living Things (6 in leadership, 4 in team); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CSO | Leadership | |
Shivani Umredkar | Co-Founder & Technical Head | Leadership |
Sakib Shaikh | Co-Founder & Production Head | Leadership |
| Co-Founder & CEO | Leadership | |
Shraddha Pandram | Co-Founder & Head of Finance & Compliance | Leadership |
Tushar Jagadale | Head Of Data Science & Analytics | Leadership |
Suffiyan Shaikh | Embedded Firmware Developer Lead | Team |
Ruchika Gaimar | Project Manager Scrum Master | Team |
Priya Diwakar | Sr. Machine Learning Engineer | Team |
Akshay Popale | Data Scientist | Team |
Complete people profiles for Living Things
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Living Things
Figures of Icapo Tech Private Limited, the primary company behind Living Things, for FY 2025. Revenue was ₹1.05 Cr (+403% year on year). Net loss was -₹5.75 Cr (-547% margin). EBITDA was -₹5.71 Cr (-543% margin). Revenue has grown at a compounded annual rate of +70% over three years and +288% over five years.
- ₹1.05 CrRevenue · FY 2025 · +403% YoY
- -₹5.75 CrNet loss · -547% margin
- -₹5.71 CrEBITDA · -543% margin
- ₹1.7 LakhPaid-up capital
- 21Employees (provident fund records)
- +70%Revenue CAGR, 3 years
- +288%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Icapo Tech Private Limited are on its company page.
Detailed financial statements for Living Things
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Living Things
4 dated milestones of Living Things across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Living Things is founded.
- Funding First funding round of $18K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $855K.
Top companies in Facility Management Platforms
2 companies that operate in the same segment as Living Things (Facility Management Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 |
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Related news about Living Things
Complete news archive for Living Things
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Frequently Asked Questions about Living Things
Living Things was founded in 2019.
Living Things is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Madhusudhan Naik is the CEO of Living Things, as recorded in our data. They have also founded this company.
Living Things is a funded company, having raised a total of $1.12M across 8 funding rounds to date. The company's 1st funding round was a Angel Round of $17.75K, raised on May 2019.
Living Things has 21 employees.
The primary company behind Living Things, Icapo Tech Private Limited, reported revenue of ₹1.05 Cr for FY 2025, up 403% year on year.
Provider of solution for accelerating the net zero journey. It provides an IoT platform for accelerating the net zero journey towards a sustainable future. It integrates with existing air conditioners, empowering businesses and organisations to optimise and reduce energy usage, enhance operational efficiency, reduce carbon footprints, and drive sustainable practices. It uses real-time data analytics and intelligent insights for saving energy.
Living Things offers Utility Bill Analytics, Cooling Management Platform, Carbon Quantification, Carbon Mitigation, and Carbon Reporting.
Living Things has 9 investors. Key investors include IIT Bombay, Government of Maharashtra, Sumedha Fiscal Services, SINE, and Dinesh Keskar.
The valuation of Living Things is $3.97M as of Mar 2023.
Living Things operates through Icapo Tech Private Limited.
The legal entities of Living Things currently have 3 directors, including Mayank Gupta, Amit Kumar Sisir Chatterjee, Madhusudhan Heera Naik.