About Parallel
Parallel is a Business Services company based in Bengaluru (India) founded in 2014 by Robin Dhanwani. Parallel is engaged in AI-native product design and user experience solutions. It operates on a Professional Services and AI-as-a-Service model in Business Services and Technology sectors. Parallel has raised $2.99 million across 1 funding round from investors including Lifeline Ventures and Notion Capital. The company has 33 employees. Its website parallelhq.com draws about 38 thousand monthly visits. Its Indian entity Parallel Digital Private Limited reported revenue of ₹10.45 Cr. Parallel offers products and services including AI Experiences, Product Design, User Research, and Discovery Workshops. Its focus areas include Design Services, UI/UX Design, Artificial Intelligence and AI Product Integration.
Company details
Parallel is focused on delivering AI-first product design and user experience solutions. Services are provided across sectors like Health Tech, FinTech, and Climate Tech. AI experiences are integrated to create smarter, user-centric products. Product design, user research, and discovery workshops are offered to transform ideas into impactful digital solutions. Collaboration with early-stage startups, scale-ups, and enterprises is emphasized to drive innovation and scalability in digital products.
- Headquarters Bengaluru, India
- Employees 33
- Founders Robin Dhanwani
- SectorsBusiness ServicesTechnology
- Website parallelhq.com/en-us
- Social LinkedIn X Facebook
- Legal Name Parallel Digital Private Limited
- Date of Incorporation 26 Nov, 2013
- Jurisdiction Satna, Madhya Pradesh, India
- Annual Revenue₹10.45 Cr
FY 2024 · +3% YoY
- Net Profit₹65 Lakh
FY 2024 · 6% margin
- EBITDA₹1.25 Cr
FY 2024 · 12% margin
- Total Equity Funding$2.99M (USD)
in 1 rounds
- Latest Funding Round$2.99M (USD), Seed
Nov 2024
- InvestorsLifeline Ventures
& 1 more
- Employee Count33
Associated legal entities of Parallel
Parallel operates through Parallel Digital 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 |
|---|---|---|---|---|---|---|---|
| Parallel Digital Private Limited CIN U72300MP2013PTC031837 | Active | 26 Nov 2013 | Satna, Madhya Pradesh | ₹10.4 Cr | 33 | 2 | View details |
Products & Services of Parallel
Parallel offers a comprehensive portfolio of products and services, including AI Experiences, Product Design, User Research, and Discovery Workshops.
AI integration for smarter, user-focused product solutions is provided.
Products are designed to drive meaningful user choices effectively.
Actionable insights are delivered for faster, informed business decisions.
Ideas are transformed into impactful products through immersive workshops.
Funding Insights of Parallel
Parallel has successfully raised a total of $2.99M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.99 million completed in November 2024. 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 $2.99M
- Total Rounds 1
- Last Round Seed — $2.99M
- First Round $2.99M
(Nov 2024)
- Investors Count 2
All 1 funding rounds of Parallel 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 |
|---|---|---|---|---|---|
| Nov 2024 | $2.99M | Seed | – | Lifeline Ventures |
2 investors in total: 2 institutional.
Investors in Parallel
Parallel has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Lifeline Ventures and Notion Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital is invested in European startups across sectors. | lifelineventures.com | Helsinki, Finland | ||
Venture capital investment in European business software companies, focusing on early-stage opportunities in London. | notion.vc |
Investor details for Parallel
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Parallel Digital Private Limited (Parallel)
Parallel Digital Private Limited is the primary company behind Parallel. The board of Parallel Digital Private Limited currently have 2 directors; the longest-serving is Robin Dhanwani, appointed in 2013. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Robin Dhanwani DIN 06732876 | Director | 26 Nov 2013 | 12 yrs 10 mo | Parallel Digital Private Limited |
| Neha Chaitanya DIN 10338021 | Director | 08 Dec 2023 | 2 yrs 10 mo | Parallel Digital Private Limited |
People of Parallel
1 people are tracked at Parallel (1 in leadership); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Parallel
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Parallel
Figures of Parallel Digital Private Limited, the primary company behind Parallel, for FY 2024. Revenue was ₹10.45 Cr (+3% year on year). Net profit was ₹65 Lakh (6% margin). EBITDA was ₹1.25 Cr (12% margin). Revenue has grown at a compounded annual rate of +77% over three years and +47% over five years.
- ₹10.45 CrRevenue · FY 2024 · +3% YoY
- ₹65 LakhNet profit · 6% margin
- ₹1.25 CrEBITDA · 12% margin
- ₹1 LakhPaid-up capital
- 33Employees (provident fund records)
- +77%Revenue CAGR, 3 years
- +47%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Parallel Digital Private Limited are on its company page.
Detailed financial statements for Parallel
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 Parallel
2 dated milestones of Parallel across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Parallel is founded.
- Funding First funding round of $3.0M.
Web traffic of Parallel
The website of Parallel (parallelhq.com) receives about 37.6K visits a month.
- Monthly visits37.6K
▲ 36.9% vs previous month
Websites whose visitors overlap most with Parallel. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
mellowdesigns.co | mellowdesigns.co | 100% | #3,848,497 | – | |
| ltts.com | 99% | 125.1K | #294,974 | View details | |
| monsoonfish.com | 90% | 3.8K | #4,627,560 | View details | |
onething.design | onething.design | 88% | #725,163 | – | |
| craftmycv.com | 74% | 6.7K | #3,177,441 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Parallel
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Marketing & Outreach Platforms
2 companies that operate in the same segment as Parallel (Marketing & Outreach Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital marketing, data analytics, and IT services are provided globally. | 1981 | Bengaluru, Karnataka, India | USD 19.08 B | 323,580 | ||
Provider of influencer marketing services | 2009 | Mumbai, Maharashtra, India | USD 16.48 M | USD 31.68 M | 434 |
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Related news about Parallel
Complete news archive for Parallel
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Frequently Asked Questions about Parallel
Parallel was founded in 2014 and raised its 1st funding round 10 years after it was founded.
Parallel is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Parallel is a funded company, having raised a total of $2.99M across 1 funding round to date. The company's 1st funding round was a Seed of $2.99M, raised on Nov 2024.
Parallel has 33 employees.
The primary company behind Parallel, Parallel Digital Private Limited, reported revenue of ₹10.45 Cr for FY 2024, up 3% year on year.
Parallel is focused on delivering AI-first product design and user experience solutions. Services are provided across sectors like Health Tech, FinTech, and Climate Tech. AI experiences are integrated to create smarter, user-centric products. Product design, user research, and discovery workshops are offered to transform ideas into impactful digital solutions. Collaboration with early-stage startups, scale-ups, and enterprises is emphasized to drive innovation and scalability in digital products.
Parallel offers AI Experiences, Product Design, User Research, and Discovery Workshops.
Parallel has 2 investors. Key investors include Lifeline Ventures, and Notion Capital.
Parallel operates through Parallel Digital Private Limited.
The legal entities of Parallel currently have 2 directors, including Neha Chaitanya, Robin Dhanwani.