About Portl
Portl is a company based in Hyderabad (India) founded in 2021 by Armaan Kandhari, Vishal Chandapeta, and Indraneel Gupta. It operates as a Direct-to-Consumer (D2C). Portl has raised $4.2 million across 3 funding rounds from investors including T-Hub, Bharat Fund and Kalaari Capital. The company has 10 employees as of April 08, 2024. Portl offers products and services including Ultragym and Portl Studio. Portl operates in a competitive market with competitors including Peloton, Tempo, Tonal, Vitruvian and Lululemon Studio, among others.
- Headquarter Hyderabad, India
- Employees 10 as on 08 Apr, 2024
- Founders Armaan Kandhari, Vishal Chandapeta, Indraneel Gupta
- Stage Minicorn
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Sectors
Healthcare
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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 Rainvi Technologies Private Limited
- Date of Incorporation 22 Mar, 2021
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$64.03 K (USD)643.15as on Mar 31, 2023
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Net Profit
-$377.32 K (USD)-17.88as on Mar 31, 2023
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EBITDA
-$215.41 K (USD)52.79as on Mar 31, 2023
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Total Equity Funding
$4.2 M (USD)
in 3 rounds
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Latest Funding Round
$3 M (USD), Series A
Oct 13, 2023
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Investors
T-Hub
& 6 more
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Employee Count
10
as on Apr 08, 2024
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Products & Services of Portl
Portl offers a comprehensive portfolio of products and services, including Ultragym and Portl Studio.
Portable strength training system for all fitness levels.
Home gym with integrated personal training features.
People of Portl
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Funding Insights of Portl
Portl has successfully raised a total of $4.2M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in October 2023. 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 3
- Last Round Series A — $3.0M
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First Round
First Round
(18 Jun 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Portl | Valuation | Bharat Innovation Fund | |
| Jan, 2023 | Amount | Angel Round - Portl | Valuation | Aman Gupta , Peyush Bansal |
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| Jun, 2021 | Amount | Seed - Portl | Valuation | Kalaari Capital |
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Investors in Portl
Portl has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include T-Hub, Bharat Fund and Kalaari Capital.
| Investor | Description | Founded Year | Domain | Location |
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Funding for IP-driven deep-tech and digitization-led inclusive solutions.
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Founded Year | Domain | Location | |
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Innovation hub connecting startups, corporates, and partners in technology and ecosystem development.
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Founded Year | Domain | Location | |
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Investments in early-stage technology companies are made by Kalaari Capital.
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Founded Year | Domain | Location |
Investments & Acquisitions by Portl
Financial Statements - Portl
Portl Comparisons
Competitors of Portl
Portl 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 Peloton, Tempo, Tonal, Vitruvian and Lululemon Studio, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smart fitness equipment and streaming platforms are provided.
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| domain | founded_year | HQ Location |
Jira-integrated software for resource management and time tracking is developed.
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| domain | founded_year | HQ Location |
AI-based full-body motion analysis and strength training system is offered.
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| domain | founded_year | HQ Location |
Smart resistance training equipment and app are provided by Vitruvian.
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| domain | founded_year | HQ Location |
Online fitness classes are offered via membership access.
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| domain | founded_year | HQ Location |
Smart exercising equipment is provided for personalized home fitness training.
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Frequently Asked Questions about Portl
Portl was founded in 2021.
Portl is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Indraneel Gupta is the current CEO of Portl. They have also founded this company.
Portl is a funded company, having raised a total of $4.2M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.01M, raised on Jun 18, 2021.
As of Apr 08, 2024, the latest employee count at Portl is 10.
Annual revenue of Portl is $64.03K as on Mar 31, 2023.
Fitness and wellness solutions are developed by Portl for various spaces. Innovative products like Ultragym and Portl Studio are offered, focusing on portable and technology-driven home gym systems. The consumer fitness sector is targeted, with an emphasis on accessible strength training and personal coaching features. Experience centers in Hyderabad and Delhi are maintained for customer engagement.
Portl offers Ultragym and Portl Studio.
Portl has 7 investors. Key investors include T-Hub, Bharat Fund, Kalaari Capital, Sukhdev Goud, and Aman Gupta.
The valuation of Portl is $9.7M as of Oct 2023.