About Praan
Praan is a company based in Mumbai (India) founded in 2017.. Praan has raised $1.56 million across 3 funding rounds from investors including Paradigm Shift Capital, Maulik Majmudar and Surya Panditi. The company has 1 employees as of April 04, 2024. Praan offers products and services including MK II Air Purification System and HIVE.
- Headquarter Mumbai, India
- Employees 1 as on 04 Apr, 2024
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Sectors
EnvironmentEnergy & Utilities
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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 Praan Technologies Private Limited
- Date of Incorporation 22 Sep, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$0 (USD)-100as on Mar 31, 2023
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Net Profit
$-709.26 (USD)-144.53as on Mar 31, 2023
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EBITDA
$-673.92 (USD)-135.71as on Mar 31, 2023
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Total Equity Funding
$1.56 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Paradigm Shift Capital
& 23 more
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Employee Count
1
as on Apr 04, 2024
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Products & Services of Praan
Praan offers a comprehensive portfolio of products and services, including MK II Air Purification System and HIVE. 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.
The MK II is utilized for purifying air in industrial spaces, with features that enhance compliance and safety through filterless mechanisms.
HIVE is employed to provide a new experience for clean air indoors, addressing pollution exposure in everyday environments.
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Funding Insights of Praan
Praan has successfully raised a total of $1.56M across 3 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 3
- Last Round Last Round
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First Round
First Round
(12 Jan 2022)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Praan | Valuation | Paradigm Shift Capital , Thyssenkruppindiafamily | |
| Mar, 2022 | Amount | Seed - Praan | Valuation | Climate Angels , Aera VC | |
| Jan, 2022 | Amount | Seed - Praan | Valuation | Social Impact Capital |
| 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 Praan
Praan has secured backing from 24 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Paradigm Shift Capital, Maulik Majmudar and Surya Panditi. 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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Potato farming, grain marketing, and equipment services in Maine.
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Founded Year | Domain | Location | |
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Climate tech companies are funded via specialized angel networks.
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Founded Year | Domain | Location | |
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Aera VC is focused on investing in deep technology and sustainability.
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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.
|
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 Praan
| 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 - Praan
| 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 |
Praan Comparisons
Competitors of Praan
| 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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Frequently Asked Questions about Praan
When was Praan founded?
Praan was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Praan located?
Praan is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Praan a funded company?
Praan is a funded company, having raised a total of $1.56M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.56M, raised on Jan 12, 2022.
How many employees does Praan have?
As of Apr 04, 2024, the latest employee count at Praan is 1.
What does Praan do?
Praan was founded in 2017 in Mumbai, India, within the manufacturing sector focused on air purification. Filterless systems are produced for industrial settings and indoor environments, targeting improved air quality in factories and enclosed areas. Low maintenance needs, high purification volumes, and reusable components are incorporated into the designs. A distinct product range is provided for residential spaces to mitigate indoor pollution and associated health risks.
What products or services does Praan offer?
Praan offers MK II Air Purification System and HIVE.
Who are Praan's investors?
Praan has 24 investors. Key investors include Paradigm Shift Capital, Maulik Majmudar, Surya Panditi, Thyssenkruppindiafamily, and Kirloskar Family.
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