About Oakter
Oakter is a company based in Noida (India) founded in 2014 by Varun Gupta, Shishir Gupta, and Nithin K David.. Oakter has raised $567.15 thousand across 2 funding rounds from investors including India Quotient, DiGiSPICE and Patni Financial Advisors. The company has 120 employees as of April 04, 2024. Oakter offers products and services including Paytm POS devices, Saregama Audio devices, EV Charge points, Smart Meter, and UPS for WiFi router. Oakter operates in a competitive market with competitors including SFO Technologies, Flex, Kaynes Technology, Dixon Technologies and VVDN, among others.
- Headquarter Noida, India
- Employees 120 as on 04 Apr, 2024
- Founders Varun Gupta, Shishir Gupta, Nithin K David
- Stage Minicorn
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Sectors
TechnologyIndustrial Goods & Manufacturing
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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 Riot Labz Private Limited
- Date of Incorporation 22 Nov, 2014
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$14.34 M (USD)522.75as on Mar 31, 2022
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Net Profit
$393.5 K (USD)250.43as on Mar 31, 2022
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EBITDA
$501.83 K (USD)302.66as on Mar 31, 2022
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Total Equity Funding
$567.15 K (USD)
in 2 rounds
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Latest Funding Round
$446.7 K (USD), Seed
Jul 29, 2016
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Investors
India Quotient
& 16 more
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Employee Count
120
as on Apr 04, 2024
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Products & Services of Oakter
Oakter offers a comprehensive portfolio of products and services, including Paytm POS devices, Saregama Audio devices, EV Charge points, Smart Meter, and UPS for WiFi router. 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 for secure digital payments with audio alerts
Portable music players and soundbars for enhanced audio
Charging stations for electric vehicles
Meter for monitoring and managing energy consumption
Backup power solution for network devices
Funding Insights of Oakter
Oakter has successfully raised a total of $567.15K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $446.7 thousand completed in July 2016. 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 — $446,700
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First Round
First Round
(25 Feb 2015)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Seed - Oakter | Valuation | India Quotient , Binny Bansal | |
| Feb, 2015 | Amount | Seed - Oakter | Valuation | Anand Lunia |
| 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 Oakter
Oakter has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include India Quotient, DiGiSPICE and Patni Financial Advisors. 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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Investment in Indian startups across technology and fintech sectors.
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Founded Year | Domain | Location | |
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Diversified investment management firm
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Founded Year | Domain | Location | |
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Potato farming, grain marketing, and equipment services are offered in Maine.
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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 Oakter
| 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 - Oakter
| 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 |
Oakter Comparisons
Competitors of Oakter
Oakter 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 SFO Technologies, Flex, Kaynes Technology, Dixon Technologies and VVDN, 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 ODM plus solutions for diverse industries
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| domain | founded_year | HQ Location |
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services
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| domain | founded_year | HQ Location |
Integrated electronics manufacturing and IoT solutions are delivered across industries.
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| domain | founded_year | HQ Location |
Electronics manufacturing services are provided for consumer and home products.
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| domain | founded_year | HQ Location |
Software, product engineering, and electronic manufacturing services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Oakter
Frequently Asked Questions about Oakter
When was Oakter founded?
Oakter was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Oakter located?
Oakter is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of Oakter?
Shishir Gupta is the current CEO of Oakter. They have also founded this company.
Is Oakter a funded company?
Oakter is a funded company, having raised a total of $567.15K across 2 funding rounds to date. The company's 1st funding round was a Seed of $120.45K, raised on Feb 25, 2015.
How many employees does Oakter have?
As of Apr 04, 2024, the latest employee count at Oakter is 120.
What is the annual revenue of Oakter?
Annual revenue of Oakter is $14.34M as on Mar 31, 2022.
What does Oakter do?
Oakter was founded in 2014 in Noida, India, as a provider of electronic contract manufacturing and design services. Operations focus on sectors such as IoT, consumer electronics, EV charge points, PoS soundboxes, and audio products. Smart home devices, network infrastructure items, and white-label IoT solutions are produced for various brands. Services encompass end-to-end manufacturing and customization tailored to client specifications.
Who are the top competitors of Oakter?
Oakter's top competitors include Flex, SFO Technologies and Kaynes Technology.
What products or services does Oakter offer?
Oakter offers Paytm POS devices, Saregama Audio devices, EV Charge points, Smart Meter, and UPS for WiFi router.
Who are Oakter's investors?
Oakter has 17 investors. Key investors include India Quotient, DiGiSPICE, Patni Financial Advisors, iExponential, and Binny Bansal.
What is Oakter's valuation?
The valuation of Oakter is $2.24M as of Jul 2016.
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