About PicoStone
PicoStone is a Technology company based in Mumbai (India) founded in 2016 by Virang Ashish Jhaveri and Niket Nikhil Sarvaiya. It operates as a smart home devices for appliance control are developed by PicoStone. PicoStone has raised $293.39 thousand across 2 funding rounds from investors including Manoharraj Mehta, Rachna Mehta and DD Jalan. PicoStone was last valued at $2.01 million in May 2018. Its chief executive is Virang Ashish Jhaveri. Its Indian entity Picostone Technology Private Limited reported revenue of ₹2.39 Cr. PicoStone offers products and services including Picostone Basic, Picostone Lite, Picostone Dali, Picostone RGB, and Picostone Curtain Controller. Its focus areas include High Tech, Smart Homes, Home Automation Controllers and Smart Switches and Plugs. Its competitors include Cubical, Smartnode, Wozart, Bluesinq and e5 Global Innovations and 2 more; 2 of its 7 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Founders Virang Ashish Jhaveri, Niket Nikhil Sarvaiya
- Stage Minicorn
- SectorsTechnology
- Website picostone.com
- Social LinkedIn Facebook Instagram
- Legal Name Picostone Technology Private Limited
- Date of Incorporation 02 Sep, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.39 Cr
FY 2024 · +62% YoY
- Net Loss-₹2.9 Lakh
FY 2024 · -1% margin
- EBITDA₹1.4 Lakh
FY 2024 · 1% margin
- Total Equity Funding$293.39K (USD)
in 2 rounds
- Latest Funding Round$512.66K (USD), Debt – Conventional
Jun 2018
- InvestorsNsm Properties
& 7 more
Associated legal entities of PicoStone
PicoStone operates through Picostone Technology 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 |
|---|---|---|---|---|---|---|---|
| Picostone Technology Private Limited CIN U72900MH2016PTC285493 | Active | 02 Sep 2016 | Mumbai, Maharashtra | ₹2.4 Cr | – | 3 | View details |
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.
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.
- Total Funding $293,393
- Total Rounds 2
- Last Round Debt – Conventional — $512,655
- First Round $293,393
(May 2018)
- Investors Count 8
All 2 funding rounds of PicoStone 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 |
|---|---|---|---|---|---|
| Jun 2018 | $512,655 | Debt – Conventional | – | – | – |
| May 2018 | $293,393 | Seed | $2.01M | Nsm Properties |
| Date | Valuation | Stage |
|---|---|---|
| May 2018 | $2.01M | •••••••• |
Last known valuation $2.01M (May 2018). 8 investors in total: 2 institutional and 6 angel.
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 |
|---|---|---|---|---|
Startups are developed across diverse sectors by Arise Venture Studio. | – | arise.ventures | Nashville, United States | |
Provider of brokerage services for own or leased real estate properties | – | nsmproperties.tcc.mode | Mumbai, India | |
MM Manoharraj Mehta | - | – | unknown_7614facd7a424a4d9 | - |
RM Rachna Mehta | Angel investor focusing on early-stage Indian startups in tech and consumer sectors. | – | unknown_f0e5ca7ee074489ba | - |
DJ DD Jalan | - | – | unknown_f7c004ad52b446f08 | - |
RK Rahul Karnavat | - | – | unknown_53d75d81feca4eb6a | - |
PK Pushpa Karnavat | - | – | unknown_9f25f978d1f447a3b | - |
SK Shilpa Karnavat | - | – | unknown_b9083dffa8654df38 | - |
Investor details for PicoStone
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Picostone Technology Private Limited (PicoStone)
Picostone Technology Private Limited is the primary company behind PicoStone. The board of Picostone Technology Private Limited currently have 3 directors; the longest-serving is Niket Nikhil Sarvaiya, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niket Nikhil Sarvaiya DIN 07583437 | Director | 02 Sep 2016 | 10 yrs 1 mo | Picostone Technology Private Limited |
| Virang Ashish Jhaveri DIN 06623597 | Director | 02 Sep 2016 | 10 yrs 1 mo | Picostone Technology Private Limited |
| Shailesh Javerchand Jain DIN 07680232 | Director | 03 Dec 2022 | 3 yrs 10 mo | Picostone Technology Private Limited |
People of PicoStone
6 people are tracked at PicoStone (6 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
Aditya Patil | Head Of Engineering | Leadership |
| Co Founder & COO | Leadership | |
Snehal Zaveri | Head Of Sales | Leadership |
Complete people profiles for PicoStone
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Financials of PicoStone
Figures of Picostone Technology Private Limited, the primary company behind PicoStone, for FY 2024. Revenue was ₹2.39 Cr (+62% year on year). Net loss was -₹2.9 Lakh (-1% margin). EBITDA was ₹1.4 Lakh (1% margin). Revenue has grown at a compounded annual rate of +20% over five years.
- ₹2.39 CrRevenue · FY 2024 · +62% YoY
- -₹2.9 LakhNet loss · -1% margin
- ₹1.4 LakhEBITDA · 1% margin
- ₹1 LakhPaid-up capital
- +20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Picostone Technology Private Limited are on its company page.
Detailed financial statements for PicoStone
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of PicoStone
4 dated milestones of PicoStone across 2 years, from founding to its latest funding, stage changes and deals.
- Founded PicoStone is founded.
- Funding First funding round of $293K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $513K.
Competitors of PicoStone
PicoStone has 7 listed competitors in our database, 2 of them funded. They include Cubical, Smartnode, Wozart, Bluesinq and e5 Global Innovations, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cubical.in | 2013 | Delhi, India | $1.03M | 10 | IoT-based home automation solutions are developed for residential buildings. | |
| smartnode.in | 2016 | Vadodara, India | $329,030 | 60 | End-to-end home automation solutions are developed for residential buildings. | |
| wozart.com | 2016 | Hyderabad, India | – | – | Offers smart home devices and apps for wireless control and monitoring. | |
| bluesinq.com | 2015 | Chennai, India | – | – | Connected home automation devices including switches and lighting are developed. | |
| e5gi.com | 2012 | Bethesda, United States | – | – | Developer of retrofit switch for residential purpose | |
| iswitchbox.com | 2015 | Pune, India | – | – | Provides smart switch boxes and dimmers to enhance home automation systems. | |
| powahome.com | 2016 | Rome, Italy | – | – | Remote control is enabled for normal switches using WiFi-based devices. |
Detailed competitors of PicoStone
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PicoStone
The website of PicoStone (picostone.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 156.8% vs previous month
Top companies in Sensors & Smart Devices
10 companies that operate in the same segment as PicoStone (Sensors & Smart Devices), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,894 | |
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | – | – | |
Connected devices for health, sleep, and activity monitoring are developed. | 2008 | Moulineaux, Seine-maritime, France | USD 93.83 M | – | – | |
Cloud-based business telephony and home security services are provided. | 2004 | Palo Alto, California, United States | USD 87.97 M | USD 273.6 M | 1,190 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Video streaming devices and platforms are provided by Roku. | 2008 | San Jose, California, United States | USD 213.56 M | USD 4.74 B | 4,473 | |
Provider of hardware and software for monitoring home energy consumption | 2010 | Palo Alto, California, United States | USD 80 M | – | – | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
Internet first brand offering wearable breast pumps | 2013 | London, England, United Kingdom | USD 157.63 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 |
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Related news about 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. The company's 1st funding round was a Seed of $293.39K, raised on May 2018.
The primary company behind PicoStone, Picostone Technology Private Limited, reported revenue of ₹2.39 Cr for FY 2024, up 62% year on year.
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.
PicoStone operates through Picostone Technology Private Limited.
The legal entities of PicoStone currently have 3 directors, including Niket Nikhil Sarvaiya, Virang Ashish Jhaveri, Shailesh Javerchand Jain.