About PLUSS
PLUSS is a company based in Gurugram (India) founded in 1994 was acquired by CUMI in August 2021. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). PLUSS has raised $8.51 million across 5 funding rounds from investors including Tata Capital, CUMI and Millennium Alliance. The company has 185 employees as of April 01, 2024. PLUSS offers products and services including Phase Change Materials (PCM), Specialty Polymers, and Celsure® Packaging Solutions.
- Headquarter Gurugram, India
- Employees 185 as on 01 Apr, 2024
- Stage Minicorn
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pluss Advanced Technologies Ltd.
- Date of Incorporation 30 Dec, 1993
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$7.28 M (USD)19.15as on Mar 31, 2023
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Net Profit
$-462.43 K (USD)44.79as on Mar 31, 2023
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EBITDA
$-418.42 K (USD)27.5as on Mar 31, 2023
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Total Equity Funding
$8.51 M (USD)
in 5 rounds
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Latest Funding Round
$4.13 M (USD), Series A
Sep 06, 2021
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Investors
Tata Capital
& 5 more
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Employee Count
185
as on Apr 01, 2024
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Acquired by
CUMI
(Aug 26, 2021)
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Products & Services of PLUSS
PLUSS offers a comprehensive portfolio of products and services, including Phase Change Materials (PCM), Specialty Polymers, and Celsure® Packaging Solutions. 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.
Innovative materials are used for sustainable temperature control.
Polymers are modified for enhanced functional packaging properties.
Temperature-controlled packaging is provided for pharmaceutical shipments.
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Funding Insights of PLUSS
PLUSS has successfully raised a total of $8.51M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $4.13 million completed in September 2021. 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 5
- Last Round Series A — $4.1M
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First Round
First Round
(29 Nov 2012)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series A - PLUSS | Valuation |
investors |
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| Dec, 2019 | Amount | Unspecified - PLUSS | Valuation | Tata Capital |
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| Jul, 2017 | Amount | Grant - PLUSS | Valuation |
investors |
| 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 PLUSS
PLUSS has secured backing from 6 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tata Capital, CUMI and Millennium Alliance. 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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Sector agnostic incubation program based out of India
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Founded Year | Domain | Location | |
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Abrasives and ceramic fibers are manufactured by CUMI in India.
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Founded Year | Domain | Location | |
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Diversified non-banking financial services are provided by Tata Capital.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 PLUSS
| 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 - PLUSS
| 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 |
Pluss Comparisons
Competitors of PLUSS
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Pluss
Frequently Asked Questions about PLUSS
When was PLUSS founded?
PLUSS was founded in 1994 and raised its 1st funding round 18 years after it was founded.
Where is PLUSS located?
PLUSS is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is PLUSS a funded company?
PLUSS is a funded company, having raised a total of $8.51M across 5 funding rounds to date. The company's 1st funding round was a Grant of $664.71K, raised on Nov 29, 2012.
How many employees does PLUSS have?
As of Apr 01, 2024, the latest employee count at PLUSS is 185.
What is the annual revenue of PLUSS?
Annual revenue of PLUSS is $7.28M as on Mar 31, 2023.
What does PLUSS do?
Advanced phase change materials (PCM) and specialty polymers are developed by PLUSS to address thermal energy storage and packaging needs. Solutions are provided across sectors like life sciences, healthcare, agri-food cold chain, and climate technologies. Sustainable heating, cooling, and temperature-controlled logistics are facilitated through products like Celsure packaging and PCM-based refrigerated trucks. Operations span over 40 countries, supported by DSIR-certified RD centers and ISO-certified manufacturing locations. A commitment to sustainability is maintained through initiatives like PLUSSTAINABLE, aligning development with environmental responsibility.
What products or services does PLUSS offer?
PLUSS offers Phase Change Materials (PCM), Specialty Polymers, and Celsure® Packaging Solutions.
Who are PLUSS's investors?
PLUSS has 6 investors. Key investors include Tata Capital, CUMI, Millennium Alliance, Ankit Jhanwar, and Devendra Jain.
What is PLUSS's valuation?
The valuation of PLUSS is $25.58M as of Sep 2021.
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