About Makers Hive Innovations
Makers Hive Innovations is a company based in Hyderabad (India) founded in 2018 by Pranav Vempati. Makers Hive Innovations has raised $9 million across 2 funding rounds from investors including Ravindranath Kancherla and Starfish GP. The company has 41 employees as of October 31, 2024. Makers Hive Innovations offers products and services including KalArm. Makers Hive Innovations operates in a competitive market with competitors including Proteor, BionicM, CIONIC, Epica International and REEV, among others.
- Headquarter Hyderabad, India
- Employees 41 as on 31 Oct, 2024
- Founders Pranav Vempati
- Stage Minicorn
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Sectors
HealthcareTechnology
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Email
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Phone
Locked
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Website
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Social
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Annual Revenue
$504.83 (USD)0as on Mar 31, 2019
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Net Profit
Not available
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EBITDA
-$137.06 (USD)0as on Mar 31, 2023
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Total Equity Funding
$9 M (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
Starfish GP
& 1 more
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Employee Count
41
as on Oct 31, 2024
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Products & Services of Makers Hive Innovations
Makers Hive Innovations offers a comprehensive portfolio of products and services, including KalArm.
Fully functional bionic hand with 18 grips for upper limb amputees.
People of Makers Hive Innovations
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Funding Insights of Makers Hive Innovations
Makers Hive Innovations has successfully raised a total of $9M across 2 strategic funding rounds. 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.
Investors in Makers Hive Innovations
Makers Hive Innovations has secured backing from 2 investors, including angel and venture fund investors. Prominent investors backing the company include Ravindranath Kancherla and Starfish GP.
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Early-stage ventures are supported by a sector-agnostic data-driven startup studio.
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RK
Ravindranath Kancherla |
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Investor details for Makers Hive Innovations
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Investments & Acquisitions by Makers Hive Innovations
Investment portfolio details for Makers Hive Innovations
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Financial Statements - Makers Hive Innovations
Detailed financials for Makers Hive Innovations
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Makers Hive Innovations Comparisons
Peer comparison for Makers Hive Innovations
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Competitors of Makers Hive Innovations
Makers Hive Innovations 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 Proteor, BionicM, CIONIC, Epica International and REEV, among others.
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Prostheses and orthoses devices are developed for orthopedic supports.
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Prosthetic legs assisting knee and ankle movements are developed.
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Bionic clothing is provided for mobility impairment support.
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Provider of robotic CT platforms for healthcare and industrial applications
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AI-powered exoskeletons and gait tools are developed for mobility recovery.
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AI-powered prosthetics restore physical abilities for users worldwide.
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Detailed competitors of Makers Hive Innovations
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Latest news on Makers Hive Innovations
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Frequently Asked Questions about Makers Hive Innovations
Makers Hive Innovations was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Makers Hive Innovations is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Pranav Vempati is the current CEO of Makers Hive Innovations. They have also founded this company.
Makers Hive Innovations is a funded company, having raised a total of $9M across 2 funding rounds to date.
As of Oct 31, 2024, the latest employee count at Makers Hive Innovations is 41.
Annual revenue of Makers Hive Innovations is $504.83 as on Mar 31, 2019.
Makers Hive Innovations was founded in 2018 in Hyderabad, India, focusing on the bionics sector. 3D-printed bionic hands equipped with EMG sensors are developed and produced for below-elbow amputees. Multiple pre-defined grips are offered, alongside options for user-defined customization of grip patterns and shell colors. A mobile application is provided for battery monitoring, firmware updates, and performance tracking. Operations emphasize affordability and accessibility in prosthetic solutions.
Makers Hive Innovations's top competitors include BionicM, Epica International and REEV.
Makers Hive Innovations offers KalArm.
Makers Hive Innovations has 2 investors. Key investors include Ravindranath Kancherla, and Starfish GP.
The valuation of Makers Hive Innovations is $10.97M as of Feb 2024.