About Ottomate
Ottomate is a company based in Gurugram (India) founded in 2017 by Amit Khosla, Radhakrishna Adyanthaya, Rakesh Malhotra, Vishal Sehgal, and Sunil Bhalla. Ottomate has raised $6.08 million across 3 funding rounds from investors including R M Funds, Navodyam and NK Investment Group. The company has 71 employees as of April 09, 2024. Ottomate operates in a competitive market with competitors including Atomberg, Resideo, Operto, Bidgely and epilot, among others.
- Headquarter Gurugram, India
- Employees 71 as on 09 Apr, 2024
- Founders Amit Khosla, Radhakrishna Adyanthaya, Rakesh Malhotra, Vishal Sehgal, Sunil Bhalla
- Stage Minicorn
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Sectors
Business ServicesRetail Energy & Utilities Technology
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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 Ottomate International Private Limited
- Date of Incorporation 02 Aug, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.41 M (USD)-51.18as on Mar 31, 2022
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Net Profit
-$2.79 M (USD)-34.23as on Mar 31, 2022
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EBITDA
-$2.28 M (USD)-242.08as on Mar 31, 2022
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Total Equity Funding
$6.08 M (USD)
in 3 rounds
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Latest Funding Round
$1.49 M (USD), Series A
Sep 14, 2021
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Investors
R M Funds
& 7 more
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Employee Count
71
as on Apr 09, 2024
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Funding Insights of Ottomate
Ottomate has successfully raised a total of $6.08M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.49 million completed in September 2021. 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 Ottomate
Ottomate has secured backing from 8 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include R M Funds, Navodyam and NK Investment Group.
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Private debt is invested in SMEs and middle market companies.
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Functions as a firm specializing in real estate investment management.
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Lakshya Holdings is engaged in providing investment opportunities.
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Investor details for Ottomate
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Investments & Acquisitions by Ottomate
Investment portfolio details for Ottomate
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Financial Statements - Ottomate
Detailed financials for Ottomate
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Ottomate Comparisons
Peer comparison for Ottomate
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Competitors of Ottomate
Ottomate 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 Atomberg, Resideo, Operto, Bidgely and epilot, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Energy-efficient ceiling fans and smart home appliances are provided.
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Smart home products for security and energy efficiency are provided.
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Provider of cloud-enabled property automation and access control solutions
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Household energy use is monitored and managed via disaggregated analysis.
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Customer management solutions including CRM and automation are provided.
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SaaS driven building operating system
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Detailed competitors of Ottomate
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Latest news on Ottomate
Complete news archive for Ottomate
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Frequently Asked Questions about Ottomate
Ottomate was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Ottomate is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Vishal Sehgal is the current CEO of Ottomate. They have also founded this company.
Ottomate is a funded company, having raised a total of $6.08M across 3 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Ottomate is 71.
Annual revenue of Ottomate is $2.41M as on Mar 31, 2022.
Ottomate was founded in 2017 in Gurugram, India, as an online platform in the smart home appliances sector. Standard, portable, and exhaust fans for residential use are provided, along with other home appliances. Operations focus on e-commerce distribution, supported by a mobile application for remote control and management of devices. The company serves the Indian market primarily through its digital channels.
Ottomate has 8 investors. Key investors include R M Funds, Navodyam, NK Investment Group, Lakshya Holdings, and Raagini Bhalla.
The valuation of Ottomate is $8.65M as of Sep 2021.