About Prayagh
Prayagh is a company based in Hyderabad (India) founded in 1999 by Vinod Lalwani and Preetam Bhawandas Lalwani.. Prayagh has raised $463.49 thousand across 1 funding round from investors including Franklin Leasing and Finance, Madhur Buildcon and Castle Realcon. The company has 863 employees as of February 29, 2024. Prayagh operates in a competitive market with competitors including Cadbury, Manam Chocolate, Lotte India, Morde Foods and Ruchoks, among others.
- Headquarter Hyderabad, India
- Employees 863 as on 29 Feb, 2024
- Founders Vinod Lalwani, Preetam Bhawandas Lalwani
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$69.41 K (USD)-100as on Mar 31, 2024
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Net Profit
$-7.27 M (USD)-625as on Mar 31, 2024
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EBITDA
$-7.18 M (USD)-272as on Mar 31, 2024
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Total Equity Funding
$463.49 K (USD)
in 1 rounds
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Latest Funding Round
$463.49 K (USD), Unspecified
Oct 08, 2011
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Investors
Franklin Leasing and Finance
& 6 more
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Employee Count
863
as on Feb 29, 2024
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Funding Insights of Prayagh
Prayagh has successfully raised a total of $463.49K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $463.49 thousand completed in October 2011. 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 1
- Last Round Unspecified — $463,489
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First Round
First Round
(08 Oct 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2011 | Amount | Unspecified - Prayagh | Valuation | Madhur Buildcon |
| 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 Prayagh
Prayagh has secured backing from 7 investors, including institutional investors. Prominent investors backing the company include Franklin Leasing and Finance, Madhur Buildcon and Castle Realcon. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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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 Prayagh
| 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 - Prayagh
| 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 |
Prayagh Comparisons
Competitors of Prayagh
Prayagh 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 Cadbury, Manam Chocolate, Lotte India, Morde Foods and Ruchoks, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Confectionery products are manufactured and distributed globally by Cadbury.
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| domain | founded_year | HQ Location |
Produces Indian craft chocolate through farming, making, and online sales.
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| domain | founded_year | HQ Location |
Manufactures and sells confectionery items like chocolates, gums, and toffees.
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| domain | founded_year | HQ Location |
Produces premium chocolate and cocoa for B2B clients worldwide.
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| domain | founded_year | HQ Location |
Specializes in comprehensive solutions for handmade chocolate products.
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| 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 Prayagh
When was Prayagh founded?
Prayagh was founded in 1999 and raised its 1st funding round 12 years after it was founded.
Where is Prayagh located?
Prayagh is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Prayagh a funded company?
Prayagh is a funded company, having raised a total of $463.49K across 1 funding round to date. The company's 1st funding round was a Unspecified of $463.49K, raised on Oct 08, 2011.
How many employees does Prayagh have?
As of Feb 29, 2024, the latest employee count at Prayagh is 863.
What is the annual revenue of Prayagh?
Annual revenue of Prayagh is $69.41K as on Mar 31, 2024.
What does Prayagh do?
Founded in 1999 in Hyderabad, India, Prayagh is focused on confectionery production. Hard-boiled sugar items including candies, toffees, eclairs, chocolates, wafers, and jellies are manufactured, along with center-filled sweets and milk-based lacto bonbons. Operations have expanded to include soft, center-filled cakes in various flavors. A contract manufacturing agreement with a major food company covers a substantial share of the confectionery output.
Who are the top competitors of Prayagh?
Prayagh's top competitors include Cadbury, Lotte India and Ruchoks.
Who are Prayagh's investors?
Prayagh has 7 investors. Key investors include Franklin Leasing and Finance, Madhur Buildcon, Castle Realcon, Daisy Distributors, and Maheshwari Financial.
What is Prayagh's valuation?
The valuation of Prayagh is $4.2M as of Oct 2011.
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