About Planys Technologies
Planys Technologies is a company based in Chennai (India) founded in 2015 by Krishnan Balasubramaniam, Vineet Upadhyay, Rakesh Sirikonda, Tanuj Jhunjhunwala, and Prabhu Rajagopal.. Planys Technologies has raised $10.27 million across 10 funding rounds from investors including IndiaMART, Shell and Manipal Group. The company has 97 employees as of April 06, 2024. Planys Technologies offers products and services including ROV Fleet, Digital Reporting, and Underwater NDT. Planys Technologies operates in a competitive market with competitors including Rovco, Vaarst, Terradepth, EyeROV and Fifish, among others.
- Headquarter Chennai, India
- Employees 97 as on 06 Apr, 2024
- Founders Krishnan Balasubramaniam, Vineet Upadhyay, Rakesh Sirikonda, Tanuj Jhunjhunwala, Prabhu Rajagopal
- Stage Minicorn
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Sectors
EnvironmentIndustrial Goods & Manufacturing Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Planys Technologies Private Limited
- Date of Incorporation 11 Jun, 2015
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$1.06 M (USD)0as on Mar 31, 2020
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Net Profit
$-149.14 K (USD)0as on Mar 31, 2020
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EBITDA
$-229.71 K (USD)0as on Mar 31, 2020
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Total Equity Funding
$10.27 M (USD)
in 10 rounds
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Latest Funding Round
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Investors
IndiaMART
& 95 more
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Employee Count
97
as on Apr 06, 2024
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Products & Services of Planys Technologies
Planys Technologies offers a comprehensive portfolio of products and services, including ROV Fleet, Digital Reporting, and Underwater NDT. 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.
Unmanned vehicles for underwater inspections and data collection
AI-enabled tools for intelligent inspection data analysis
Services for detecting defects in underwater structures
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Sales and Marketing
3 people
Human Resources and Administration
2 people
Co Team
1 people
Deputy Team
1 people
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Funding Insights of Planys Technologies
Planys Technologies has successfully raised a total of $10.27M across 10 strategic funding rounds. 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 10
- Last Round Last Round
- First Round First Round
- Investors Count 96
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series B - Planys Technologies | Valuation | Ashish Kacholia , Lashit Sanghvi | |
| Jun, 2024 | Amount | Series A - Planys Technologies | Valuation |
investors |
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| Mar, 2024 | Amount | Series A - Planys Technologies | Valuation | Ashish Kacholia |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Planys Technologies
Planys Technologies has secured backing from 96 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IndiaMART, Shell and Manipal Group. 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 |
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Private equity and boutique advisory firm
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Investment in tech startups focusing on innovation and emerging trends in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Planys Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Planys Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Planys Technologies Comparisons
Competitors of Planys Technologies
Planys Technologies 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 Rovco, Vaarst, Terradepth, EyeROV and Fifish, 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 |
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| domain | founded_year | HQ Location |
Provider of AI-driven ROVs and services for inspection of ships
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AI-based robotic analysis solutions for marine applications are provided.
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Provides data collection technology for marine tracking systems
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| domain | founded_year | HQ Location |
Provider of remotely operated vehicles and unnamed systems for underwater inspections
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| domain | founded_year | HQ Location |
Provider of an unmanned underwater robot
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Planys Technologies
Frequently Asked Questions about Planys Technologies
When was Planys Technologies founded?
Planys Technologies was founded in 2015.
Where is Planys Technologies located?
Planys Technologies is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Planys Technologies?
Tanuj Jhunjhunwala is the current CEO of Planys Technologies. They have also founded this company.
Is Planys Technologies a funded company?
Planys Technologies is a funded company, having raised a total of $10.27M across 10 funding rounds to date. The company's 1st funding round was a Series A of $5.16M, raised on Jun 01, 2015.
How many employees does Planys Technologies have?
As of Apr 06, 2024, the latest employee count at Planys Technologies is 97.
What is the annual revenue of Planys Technologies?
Annual revenue of Planys Technologies is $1.06M as on Mar 31, 2020.
What does Planys Technologies do?
Provider of marine underwater robotics inspection platform. Its offerings include remotely operated underwater vehicles (ROVs) and autonomous systems for visual inspection, ultrasonic testing, sonar surveys, and real-time data collection for maritime and infrastructure assets. It also provides nondestructive testing (NDT) services, corrosion monitoring, structural health assessment, digital reporting dashboards, and Internet of Underwater Things (IoUT) capabilities for remote monitoring. The platform uses AI-enabled analytics, laser and sonar defect quantification, high-definition video, ultrasonic thickness gauging, and modular ROV and AUV technology for inspection in hostile or submerged environments.
Who are the top competitors of Planys Technologies?
What products or services does Planys Technologies offer?
Planys Technologies offers ROV Fleet, Digital Reporting, and Underwater NDT.
Who are Planys Technologies's investors?
Planys Technologies has 96 investors. Key investors include IndiaMART, Shell, Manipal Group, LetsVenture, and ONGC.
What is Planys Technologies's valuation?
The valuation of Planys Technologies is $11.96M as of Jun 2021.
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