About Novorbis
Novorbis is a company based in Indore (India) founded in 2019 by Harsh Neekhra and Gagan Tripathi.. Novorbis has raised $113.98 thousand across 2 funding rounds from investors including Manish Biyani. The company has 1 employees as of March 31, 2024. Novorbis offers products and services including Retrofit Emission Control Device. Novorbis operates in a competitive market with competitors including Airth, Biomoneta, Inair, Magneto Cleantech and Aqoza, among others.
- Headquarter Indore, India
- Employees 1 as on 31 Mar, 2024
- Founders Harsh Neekhra, Gagan Tripathi
- Stage Minicorn
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Sectors
RetailEnvironment 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 Novorbis Itus Private Limited
- Date of Incorporation 25 Apr, 2019
- Jurisdiction Indore, Madhya Pradesh, India
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Annual Revenue
$97.58 K (USD)538.25as on Mar 31, 2023
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Net Profit
$-3.98 K (USD)-6855.04as on Mar 31, 2023
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EBITDA
$-8.65 K (USD)-448.8as on Mar 31, 2023
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Total Equity Funding
$113.98 K (USD)
in 2 rounds
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Latest Funding Round
$17.9 K (USD), Seed
Nov 09, 2023
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Investors
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Employee Count
1
as on Mar 31, 2024
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Products & Services of Novorbis
Novorbis offers a comprehensive portfolio of products and services, including Retrofit Emission Control Device. 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.
Device that reduces diesel emissions by 90 percent with low back pressure.
Funding Insights of Novorbis
Novorbis has successfully raised a total of $113.98K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $17.9 thousand completed in November 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 Total Funding
- Total Rounds 2
- Last Round Seed — $17,897
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First Round
First Round
(15 Jun 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Seed - Novorbis | Valuation |
investors |
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| Jun, 2023 | Amount | Seed - Novorbis | 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 Novorbis
Novorbis has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Manish Biyani. 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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MB
Manish Biyani |
Angel investor and entrepreneur, focused on tech startups in India.
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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 Novorbis
| 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 - Novorbis
| 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 |
Novorbis Comparisons
Competitors of Novorbis
Novorbis 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 Airth, Biomoneta, Inair, Magneto Cleantech and Aqoza, 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 |
Antimicrobial air purifiers are supplied to businesses by Airth.
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| domain | founded_year | HQ Location |
Pathogenic microbes are extracted and killed by developed devices.
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| domain | founded_year | HQ Location |
Air purification and ventilation systems are provided for residential use.
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| domain | founded_year | HQ Location |
Develops and sells central air cleaning systems for residential and commercial use.
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| domain | founded_year | HQ Location |
Provider of air purification and odor control 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 Novorbis
When was Novorbis founded?
Novorbis was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Novorbis located?
Novorbis is headquartered in Indore, India. It is registered at Indore, Madhya Pradesh, India.
Who is the current CEO of Novorbis?
Harsh Neekhra is the current CEO of Novorbis. They have also founded this company.
Is Novorbis a funded company?
Novorbis is a funded company, having raised a total of $113.98K across 2 funding rounds to date. The company's 1st funding round was a Seed of $96.08K, raised on Jun 15, 2023.
How many employees does Novorbis have?
As of Mar 31, 2024, the latest employee count at Novorbis is 1.
What is the annual revenue of Novorbis?
Annual revenue of Novorbis is $97.58K as on Mar 31, 2023.
What does Novorbis do?
Novorbis was established in 2019 in Indore, India, within the manufacturing sector focused on environmental technology. Air purifiers designed for both indoor and outdoor applications are produced, employing electricity and photonic energy to trap particulate matter and neutralize harmful airborne substances. A filter-less approach is adopted to reduce airflow resistance. Operations center on developing solutions for air quality improvement in various settings.
Who are the top competitors of Novorbis?
Novorbis's top competitors include Airth, Biomoneta and Magneto Cleantech.
What products or services does Novorbis offer?
Novorbis offers Retrofit Emission Control Device.
Who are Novorbis's investors?
Novorbis has 1 investor. Key investors include Manish Biyani.
What is Novorbis's valuation?
The valuation of Novorbis is $1.13M as of Nov 2023.
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