About Qutone
Qutone is a company based in Ahmedabad (India) founded in 2008.. Qutone has raised $9.11 million across 7 funding rounds from investors including Arunkumar Satyanarayan Chirania, Beenai Rajeev Adlakha and Kamala Devi Chirania. The company has 95 employees as of September 30, 2024. Qutone offers products and services including iMarble Stoneware GVT, Digital Printed Glazed Vitrified Tiles, Pristine Series Tiles, and Rugged Collection Tiles. Qutone operates in a competitive market with competitors including Somany Ceramics, Fireclay Tile, Simpolo, RAK Ceramics and Arizona Tile, among others.
- Headquarter Ahmedabad, India
- Employees 95 as on 30 Sep, 2024
- Stage Minicorn
-
Sectors
Real Estate & Construction
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
$52.25 M (USD)-5as on Mar 31, 2024
-
Net Profit
$1.42 M (USD)8as on Mar 31, 2024
-
EBITDA
$8.62 M (USD)-3as on Mar 31, 2024
-
Total Equity Funding
$9.11 M (USD)
in 7 rounds
-
Latest Funding Round
$6.22 M (USD), Series A
Jul 18, 2024
-
Investors
Oswal Service
& 30 more
-
Employee Count
95
as on Sep 30, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Qutone
Qutone offers a comprehensive portfolio of products and services, including iMarble Stoneware GVT, Digital Printed Glazed Vitrified Tiles, Pristine Series Tiles, and Rugged Collection Tiles. 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.
Blends advanced technology with marble aesthetics for functional surfaces
Features various designs for wall and floor ambience enhancements
Smooth matt finish with carving technology for elegant spaces
Heavy range with grainy textures for strong and sophisticated areas
Unlock access to complete
Funding Insights of Qutone
Qutone has successfully raised a total of $9.11M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $6.22 million completed in July 2024. 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 7
- Last Round Series A — $6.2M
-
First Round
First Round
(29 Sep 2010)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - Qutone | Valuation | Carnelian | |
| Mar, 2019 | Amount | Angel Round - Qutone | Valuation | Ashish Chirania | |
| Mar, 2018 | Amount | Seed - Qutone | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Qutone
Qutone has secured backing from 31 investors, including angel and institutional investors. Prominent investors backing the company include Arunkumar Satyanarayan Chirania, Beenai Rajeev Adlakha and Kamala Devi Chirania. 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 |
|---|---|---|---|---|
|
Services are offered by Oswal Service via its domain platform.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location | |
|
Automotive vehicle repair and maintenance services are provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Qutone
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Qutone
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qutone Comparisons
Competitors of Qutone
Qutone 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 Somany Ceramics, Fireclay Tile, Simpolo, RAK Ceramics and Arizona Tile, 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 |
Ceramic tiles are manufactured by Somany Ceramics in India.
|
|
| domain | founded_year | HQ Location |
Made-to-order tiles are manufactured by Fireclay Tile.
|
|
| domain | founded_year | HQ Location |
Vitrified tiles and bathware products are manufactured for diverse applications.
|
|
| domain | founded_year | HQ Location |
Manufacturer of wall and floor ceramic and porcelain tiles for interiors and exteriors
|
|
| domain | founded_year | HQ Location |
Sells tiles and slabs for residential and commercial building projects.
|
|
| domain | founded_year | HQ Location |
Manufacturer of flooring products and building materials
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Qutone
Frequently Asked Questions about Qutone
When was Qutone founded?
Qutone was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is Qutone located?
Qutone is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is Qutone a funded company?
Qutone is a funded company, having raised a total of $9.11M across 7 funding rounds to date. The company's 1st funding round was a Seed of $10K, raised on Sep 29, 2010.
How many employees does Qutone have?
As of Sep 30, 2024, the latest employee count at Qutone is 95.
What is the annual revenue of Qutone?
Annual revenue of Qutone is $52.25M as on Mar 31, 2024.
What does Qutone do?
Qutone was established in 2008 in Ahmedabad, India, as a manufacturer in the ceramic tiles sector. Operations focus on producing large-format slabs, glazed vitrified tiles, and digitally printed wall tiles. These products are supplied for use in residential and commercial applications. The company is led by managing directors and a chairman, with activities centered in the Indian market.
Who are the top competitors of Qutone?
Qutone's top competitors include Somany Ceramics, Simpolo and Fireclay Tile.
What products or services does Qutone offer?
Qutone offers iMarble Stoneware GVT, Digital Printed Glazed Vitrified Tiles, Pristine Series Tiles, and Rugged Collection Tiles.
Who are Qutone's investors?
Qutone has 31 investors. Key investors include Arunkumar Satyanarayan Chirania, Beenai Rajeev Adlakha, Kamala Devi Chirania, Sunita Agarwal, and Suryaben Surendra Shah.
What is Qutone's valuation?
The valuation of Qutone is $113.79M as of Jul 2024.