About MittiLabs
MittiLabs is a company based in Bengaluru (India) founded in 2023 by Nate Torbick, Devdut Dalal, and Xavier Laguarta Soler.. MittiLabs has raised $3 million across 1 funding round from investors including Lightspeed India, Voyager and Overview. The company has 31 employees as of June 30, 2025. MittiLabs offers products and services including Rice Farming Technology. MittiLabs operates in a competitive market with competitors including Regrow, Daphne Technology, CH4 Global, Boomitra and Perennial, among others.
- Headquarter Bengaluru, India
- Employees 31 as on 30 Jun, 2025
- Founders Nate Torbick, Devdut Dalal, Xavier Laguarta Soler
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Sectors
AgricultureEnvironment
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Phone
*********
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Website
*********
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Social
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- Legal Name Mitti Agricarbon India Private Limited
- Date of Incorporation 14 Sep, 2023
- Jurisdiction Borivali West, Maharashtra, India
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Annual Revenue
$15.36 K (USD)0as on Mar 31, 2024
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Net Profit
$-194.15 K (USD)0as on Mar 31, 2024
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EBITDA
$-193.03 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Seed
Jul 14, 2024
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Investors
Lightspeed India
& 3 more
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Employee Count
31
as on Jun 30, 2025
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Products & Services of MittiLabs
MittiLabs offers a comprehensive portfolio of products and services, including Rice Farming Technology. 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.
Provides tools for reducing methane in sustainable rice projects.
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Funding Insights of MittiLabs
MittiLabs has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in July 2024. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $3.0M
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First Round
First Round
(14 Jul 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - MittiLabs | Valuation | Voyager , Overview |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 MittiLabs
MittiLabs has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Lightspeed India, Voyager and Overview. 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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Early-stage climate technology companies are supported through investments.
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Early-stage investments in pollutant mitigation businesses are provided.
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Venture capital investing in innovative startups across technology sectors.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 MittiLabs
| 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 - MittiLabs
| 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 |
Mittilabs Comparisons
Competitors of MittiLabs
MittiLabs 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 Regrow, Daphne Technology, CH4 Global, Boomitra and Perennial, 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 |
Cloud-based solutions for crop management and analytics are offered.
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| domain | founded_year | HQ Location |
Provider of solution to reduce industrial methane emissions
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| domain | founded_year | HQ Location |
Technology platform provided to minimize greenhouse gas footprints in livestock.
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| domain | founded_year | HQ Location |
Carbon capture is estimated using satellites and AI for farmers.
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| domain | founded_year | HQ Location |
Soil carbon is estimated and removed through an online platform.
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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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Latest news on Mittilabs
Frequently Asked Questions about MittiLabs
When was MittiLabs founded?
MittiLabs was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is MittiLabs located?
MittiLabs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is MittiLabs a funded company?
MittiLabs is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on Jul 14, 2024.
How many employees does MittiLabs have?
As of Jun 30, 2025, the latest employee count at MittiLabs is 31.
What is the annual revenue of MittiLabs?
Annual revenue of MittiLabs is $15.36K as on Mar 31, 2024.
What does MittiLabs do?
MittiLabs was founded in 2023 in Bengaluru, India, as a provider of crop analytics in the agritech sector. AI technology is combined with satellite imagery and field data to support sustainable rice farming projects. Solutions are offered to farmers for monitoring fields, while specific farming practices are tracked across areas to enhance agricultural efficiency.
Who are the top competitors of MittiLabs?
MittiLabs's top competitors include Regrow, Daphne Technology and CH4 Global.
What products or services does MittiLabs offer?
MittiLabs offers Rice Farming Technology.
Who are MittiLabs's investors?
MittiLabs has 4 investors. Key investors include Lightspeed India, Voyager, Overview, and Harvard Innovation Labs.