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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $1.5M
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First Round
First Round
(15 Jul 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series A - Ottomate | Valuation | Lakshya Holdings | |
| Sep, 2020 | Amount | Series A - Ottomate | Valuation | R M Funds | |
| Jul, 2019 | Amount | Series A - Ottomate | Valuation | Lakshya Holdings |
| 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 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. 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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Private debt is invested in SMEs and middle market companies.
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Founded Year | Domain | Location | |
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Functions as a firm specializing in real estate investment management.
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Founded Year | Domain | Location | |
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Lakshya Holdings is engaged in providing investment opportunities.
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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 Ottomate
| 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 - Ottomate
| 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 |
Ottomate Comparisons
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. 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 |
Energy-efficient ceiling fans and smart home appliances are provided.
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| domain | founded_year | HQ Location |
Smart home products for security and energy efficiency are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-enabled property automation and access control solutions
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| domain | founded_year | HQ Location |
Household energy use is monitored and managed via disaggregated analysis.
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| domain | founded_year | HQ Location |
Customer management solutions including CRM and automation are provided.
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| domain | founded_year | HQ Location |
SaaS driven building operating system
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ottomate
Frequently Asked Questions about Ottomate
When was Ottomate founded?
Ottomate was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Ottomate located?
Ottomate is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Ottomate?
Vishal Sehgal is the current CEO of Ottomate. They have also founded this company.
Is Ottomate a funded company?
Ottomate is a funded company, having raised a total of $6.08M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4.07M, raised on Jul 15, 2019.
How many employees does Ottomate have?
As of Apr 09, 2024, the latest employee count at Ottomate is 71.
What is the annual revenue of Ottomate?
Annual revenue of Ottomate is $2.41M as on Mar 31, 2022.
What does Ottomate do?
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.
Who are the top competitors of Ottomate?
Who are Ottomate's investors?
Ottomate has 8 investors. Key investors include R M Funds, Navodyam, NK Investment Group, Lakshya Holdings, and Raagini Bhalla.
What is Ottomate's valuation?
The valuation of Ottomate is $8.65M as of Sep 2021.
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