About PicoStone
PicoStone is a company based in Mumbai (India) founded in 2016 by Virang Ashish Jhaveri and Niket Nikhil Sarvaiya. PicoStone has raised $293.39 thousand across 2 funding rounds from investors including Manoharraj Mehta, Rachna Mehta and DD Jalan. PicoStone offers products and services including Picostone Basic, Picostone Lite, Picostone Dali, Picostone RGB, and Picostone Curtain Controller. PicoStone operates in a competitive market with competitors including Cubical, Smartnode, Wozart, Bluesinq and e5 Global Innovations, among others.
- Headquarter Mumbai, India
- Founders Virang Ashish Jhaveri, Niket Nikhil Sarvaiya
- Stage Minicorn
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Picostone Technology Private Limited
- Date of Incorporation 02 Sep, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$133.82 K (USD)88.65as on Mar 31, 2019
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Net Profit
-$127.02 K (USD)-119.5as on Mar 31, 2019
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EBITDA
-$131.24 K (USD)-196.92as on Mar 31, 2019
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Total Equity Funding
$293.39 K (USD)
in 2 rounds
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Latest Funding Round
$512.66 K (USD), Debt – Conventional
Jun 27, 2018
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Investors
Nsm Properties
& 7 more
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Employee Count
Not available
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Products & Services of PicoStone
PicoStone offers a comprehensive portfolio of products and services, including Picostone Basic, Picostone Lite, Picostone Dali, Picostone RGB, and Picostone Curtain Controller.
Basic system for controlling home lights via app.
Simplified lighting automation for residential use.
Advanced lighting system with dimming features.
RGB lighting and IR control for home entertainment.
Motorized solution for controlling curtains remotely.
People of PicoStone
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Leadership Team
1 people
Software Development Team
1 people
Co Team
1 people
Sales and Marketing
1 people
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Funding Insights of PicoStone
PicoStone has successfully raised a total of $293.39K across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $512.66 thousand completed in June 2018. 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 PicoStone
PicoStone has secured backing from 8 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Manoharraj Mehta, Rachna Mehta and DD Jalan.
| Investor | Description | Founded Year | Domain | Location |
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Startups are developed across diverse sectors by Arise Venture Studio.
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Provider of brokerage services for own or leased real estate properties
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Manoharraj Mehta |
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Investor details for PicoStone
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Investments & Acquisitions by PicoStone
Investment portfolio details for PicoStone
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Financial Statements - PicoStone
Detailed financials for PicoStone
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Picostone Comparisons
Peer comparison for PicoStone
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Competitors of PicoStone
PicoStone 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 Cubical, Smartnode, Wozart, Bluesinq and e5 Global Innovations, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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IoT-based home automation solutions are developed for residential buildings.
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End-to-end home automation solutions are developed for residential buildings.
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Offers smart home devices and apps for wireless control and monitoring.
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Connected home automation devices including switches and lighting are developed.
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Developer of retrofit switch for residential purpose
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Detailed competitors of PicoStone
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Latest news on Picostone
Complete news archive for PicoStone
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Frequently Asked Questions about PicoStone
PicoStone was founded in 2016 and raised its 1st funding round 2 years after it was founded.
PicoStone is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Virang Ashish Jhaveri is the current CEO of PicoStone. They have also founded this company.
PicoStone is a funded company, having raised a total of $293.39K across 2 funding rounds to date.
Annual revenue of PicoStone is $133.82K as on Mar 31, 2019.
PicoStone was founded in 2016 in Mumbai, India, focusing on the smart home sector. WiFi-enabled products such as Polar, a tabletop device for air conditioner management, and Basic, a switchboard module for lights and fans, are offered. Installation is reported to require 20 minutes per device. Operations target both B2C and B2B markets within the region.
PicoStone offers Picostone Basic, Picostone Lite, Picostone Dali, Picostone RGB, and Picostone Curtain Controller.
PicoStone has 8 investors. Key investors include Manoharraj Mehta, Rachna Mehta, DD Jalan, Rahul Karnavat, and Pushpa Karnavat.
The valuation of PicoStone is $2.01M as of May 2018.