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. Ottomate operates in a competitive market with competitors including Atomberg, Resideo, Operto, Bidgely and epilot, among others.
- Headquarter Gurugram, India
- Employees 71
- Founders Amit Khosla, Radhakrishna Adyanthaya, Rakesh Malhotra, Vishal Sehgal, Sunil Bhalla
- Stage Minicorn
- SectorsBusiness ServicesRetail Energy & Utilities Technology
- Email••••••••
- Phone•••• ••••
- Website ottomate.com
- Social LinkedIn X Facebook
- Legal Name Ottomate International Private Limited
- Date of Incorporation 02 Aug, 2017
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹11.83 Cr
FY 2024 · -53% YoY
- Net Loss-₹16.49 Cr
FY 2024 · -139% margin
- EBITDA-₹13.23 Cr
FY 2024 · -112% margin
- Total Equity Funding$6.08M (USD)
in 3 rounds
- Latest Funding Round$1.49M (USD), Series A
Sep 2021
- InvestorsR M Funds
& 7 more
- Employee Count71
Associated legal entities of Ottomate
Ottomate operates through Ottomate International Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ottomate International Private Limited CIN U31909DL2017PTC321590 | Active | 02 Aug 2017 | New Delhi, Delhi | ₹11.8 Cr | 71 | 3 | View details |
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 $6.08M
- Total Rounds 3
- Last Round Series A — $1.49M
- First Round $4.07M
(Jul 2019)
- Investors Count 8
All 3 funding rounds of Ottomate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $1.49M | Series A | $8.65M | Lakshya Holdings | |
| Sep 2020 | $514,733 | Series A | $7.81M | R M Funds | |
| Jul 2019 | $4.07M | Series A | $••••• | Lakshya Holdings |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $8.65M | •••••••• |
| Sep 2020 | $7.81M | •••••••• |
| Jul 2019 | $••••• | •••••••• |
Full valuation and stage history of Ottomate
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $8.65M (Sep 2021). 8 investors in total: 5 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt is invested in SMEs and middle market companies. | 2010 | rm-funds.co.uk | London, United Kingdom | |
Functions as a firm specializing in real estate investment management. | 2016 | nkinvestmentgroup.com | West Bloomfield Township, United States | |
Lakshya Holdings is engaged in providing investment opportunities. | – | lakshyaholdings.com | Lalitpur, Nepal | |
- | – | navodyam.org | - | |
A foundation focused on primary healthcare services | 2015 | navodyam.in | Gurugram, India | |
RB Raagini Bhalla | - | – | unknown_ea7bcb93d96a4cbc8 | - |
AS Atharva Sehgal | - | – | unknown_284482f464584962b | - |
SB Sunil Bhalla | Angel investor, mentor, and startup advisor with focus on early-stage Indian ventures. | – | unknown_052d2df555c74f6e8 | - |
Investor details for Ottomate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Ottomate International Private Limited (Ottomate)
Ottomate International Private Limited is the primary company behind Ottomate. The board of Ottomate International Private Limited currently have 2 directors; the longest-serving is Kishore Das, appointed in 2024. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kishore Das DIN 01549892 | Director | 01 May 2024 | 2 yrs 5 mo | Ottomate International Private Limited |
| Amit Khosla DIN 10327931 | Director | 01 May 2024 | 2 yrs 5 mo | Ottomate International Private Limited |
People of Ottomate
6 people are tracked at Ottomate (6 in leadership); the tracked headcount is 71.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Radhakrishna Adyanthaya | Co-Founder | Leadership |
Rakesh Malhotra | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Rajiv Sharma | Deputy General Manager -quality | Leadership |
Complete people profiles for Ottomate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Ottomate
Figures of Ottomate International Private Limited, the primary company behind Ottomate, for FY 2024. Revenue was ₹11.83 Cr (-53% year on year). Net loss was -₹16.49 Cr (-139% margin). EBITDA was -₹13.23 Cr (-112% margin). Revenue has grown at a compounded annual rate of -34% over three years and +33% over five years.
- ₹11.83 CrRevenue · FY 2024 · -53% YoY
- -₹16.49 CrNet loss · -139% margin
- -₹13.23 CrEBITDA · -112% margin
- ₹56.14 CrPaid-up capital
- 71Employees (provident fund records)
- -34%Revenue CAGR, 3 years
- +33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ottomate International Private Limited are on its company page.
Detailed financial statements for Ottomate
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ottomate
4 dated milestones of Ottomate across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Ottomate is founded.
- Funding First funding round of $4.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.5M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| atomberg.com | 2012 | Mumbai, India | $95.2M | 957 | Energy-efficient ceiling fans and smart home appliances are provided. | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. | |
| operto.com | 2005 | Vancouver, Canada | $37.05M | – | Provider of cloud-enabled property automation and access control solutions | |
| bidgely.com | 2011 | Mountain View, United States | $87.66M | 39 | Household energy use is monitored and managed via disaggregated analysis. | |
| epilot.cloud | 2017 | Cologne, Germany | $10.82M | 41 | Customer management solutions including CRM and automation are provided. | |
| kodelabs.com | 2017 | Detroit, United States | $38.02M | – | SaaS driven building operating system | |
| grcooling.com | 2009 | Austin, United States | $35.46M | 21 | Oil immersion cooling solutions for data centers are provided. | |
| zenatix.com | 2013 | Gurugram, India | $1.74M | 155 | Energy consumption patterns are monitored and optimized through analytics. |
Detailed competitors of Ottomate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Ottomate
Complete news archive for Ottomate
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Ottomate
10 companies that operate in the same segment as Ottomate (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 56 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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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. The company's 1st funding round was a Series A of $4.07M, raised on Jul 2019.
Ottomate has 71 employees.
The primary company behind Ottomate, Ottomate International Private Limited, reported revenue of ₹11.83 Cr for FY 2024, down 53% year on year.
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.
Ottomate operates through Ottomate International Private Limited.
The legal entities of Ottomate currently have 3 directors, including Kishore Das, Amit Khosla, Varsha Bhandari Goel.