About Packmile
Packmile is a company based in Bengaluru (India) founded in 2015 by Pawan Maheshwari.. Packmile has raised $344.25 thousand across 1 funding round from investors including Mishal Amur Mohamed AI Riami. Packmile offers products and services including CORM™, BHIVE PAPER BUBBLE WRAP, PAPER TAPES, PALLET STRAPS, and PALLET COVERS. Packmile operates in a competitive market with competitors including WestRock, Sulapac, Go Do Good, Avani Eco and Source Green, among others.
- Headquarter Bengaluru, India
- Founders Pawan Maheshwari
- Stage Minicorn
-
Sectors
Industrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Packmile Private Limited
- Date of Incorporation 19 Jun, 2015
- Jurisdiction Bangalore, Karnataka, India
-
Annual Revenue
$706.58 K (USD)113.55as on Mar 31, 2022
-
Net Profit
$15.61 K (USD)31.67as on Mar 31, 2022
-
EBITDA
$23.86 K (USD)-37.1as on Mar 31, 2022
-
Total Equity Funding
$344.25 K (USD)
in 1 rounds
-
Latest Funding Round
$344.25 K (USD), Angel Round
Nov 18, 2017
-
Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Packmile
Packmile offers a comprehensive portfolio of products and services, including CORM™, BHIVE PAPER BUBBLE WRAP, PAPER TAPES, PALLET STRAPS, and PALLET COVERS. 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.
Converts waste boxes into packaging fillers for efficient reuse.
Eco-friendly shock-absorbing wrap for protecting delicate products during shipping.
Water-activated tapes that provide strong, weather-resistant bonding for packaging.
Reusable straps for securing goods on pallets, reducing plastic usage.
Durable, reusable covers that shield pallets from damage and minimize waste.
Funding Insights of Packmile
Packmile has successfully raised a total of $344.25K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $344.25 thousand completed in November 2017. 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 1
- Last Round Angel Round — $344,245
-
First Round
First Round
(18 Nov 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Angel Round - Packmile | Valuation | Mishal Amur Mohamed AI Riami |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Packmile
Packmile has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Mishal Amur Mohamed AI Riami. 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 |
|---|---|---|---|---|
|
MA
Mishal Amur Mohamed AI Riami |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Packmile
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Packmile
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Packmile Comparisons
Competitors of Packmile
Packmile 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 WestRock, Sulapac, Go Do Good, Avani Eco and Source Green, 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 |
Sustainable packaging solutions are delivered online for diverse industries.
|
|
| domain | founded_year | HQ Location |
Bio-based, biodegradable plastic alternatives are manufactured for diverse applications.
|
|
| domain | founded_year | HQ Location |
Eco-friendly packaging and new materials are developed by the company.
|
|
| domain | founded_year | HQ Location |
Offers biodegradable and compostable packaging solutions using natural materials for global clients.
|
|
| domain | founded_year | HQ Location |
Online marketplace platform for packaging manufacturers
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Packmile
When was Packmile founded?
Packmile was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Packmile located?
Packmile is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Packmile?
Pawan Maheshwari is the current CEO of Packmile. They have also founded this company.
Is Packmile a funded company?
Packmile is a funded company, having raised a total of $344.25K across 1 funding round to date. The company's 1st funding round was a Angel Round of $344.25K, raised on Nov 18, 2017.
What is the annual revenue of Packmile?
Annual revenue of Packmile is $706.58K as on Mar 31, 2022.
What does Packmile do?
Packmile was founded in 2015 and is based in Bengaluru, India. Operations focus on the sustainable packaging sector, where plastic, polypropylene, thermocol, and styrofoam are replaced by reusable products including paper bubble wrap, water-activated tapes, pallet covers, and straps. These solutions are supplied to industries such as automobiles, electronics, spare parts, and e-commerce.
Who are the top competitors of Packmile?
Packmile's top competitors include WestRock, Sulapac and Go Do Good.
What products or services does Packmile offer?
Packmile offers CORM™, BHIVE PAPER BUBBLE WRAP, PAPER TAPES, PALLET STRAPS, and PALLET COVERS.
Who are Packmile's investors?
Packmile has 1 investor. Key investors include Mishal Amur Mohamed AI Riami.
What is Packmile's valuation?
The valuation of Packmile is $1.72M as of Nov 2017.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.