About Rymo Technologies
Rymo Technologies is a company based in Navi Mumbai (India) founded in 2020 by Abhishek Rai and Chirag Shah.. Rymo Technologies has raised $342.94 thousand across 3 funding rounds from investors including Keva, IKP Knowledge Park and Somaiya Group. Rymo Technologies operates in a competitive market with competitors including AlterG, GripAble, Game Ready, Genrobotics and SENS Motion, among others.
- Headquarter Navi Mumbai, India
- Founders Abhishek Rai, Chirag Shah
- 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 Rymo Technologies Private Limited
- Date of Incorporation 06 May, 2020
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$57.46 K (USD)13471.06as on Mar 31, 2022
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Net Profit
$168.35 (USD)9078.06as on Mar 31, 2022
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EBITDA
$5.4 K (USD)1911.84as on Mar 31, 2022
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Total Equity Funding
$342.94 K (USD)
in 3 rounds
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Latest Funding Round
$35.92 K (USD), Seed
Jul 05, 2024
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Investors
Keva
& 6 more
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Employee Count
Employee Count
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Funding Insights of Rymo Technologies
Rymo Technologies has successfully raised a total of $342.94K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $35.92 thousand 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 3
- Last Round Seed — $35,922
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First Round
First Round
(03 May 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Rymo Technologies | Valuation | IKP Knowledge Park |
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| Jun, 2023 | Amount | Seed - Rymo Technologies | Valuation | Keva |
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| May, 2022 | Amount | Seed - Rymo Technologies | Valuation | Social Alpha |
| 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 Rymo Technologies
Rymo Technologies has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Keva, IKP Knowledge Park and Somaiya Group. 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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Med-tech startups are incubated by IKP Knowledge Park.
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Founded Year | Domain | Location | |
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Sustainable startups are supported via innovation curation and venture funding.
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Founded Year | Domain | Location | |
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Biofuels and specialty chemicals are manufactured in India.
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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 Rymo Technologies
| 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 - Rymo Technologies
| 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 |
Rymo Technologies Comparisons
Competitors of Rymo Technologies
Rymo Technologies 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 AlterG, GripAble, Game Ready, Genrobotics and SENS Motion, 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 |
Hardware and software solutions for rehabilitation are provided by AlterG.
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| domain | founded_year | HQ Location |
Cloud-based rehabilitation devices and apps are provided for patient recovery.
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| domain | founded_year | HQ Location |
Compression and cold therapy products
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| domain | founded_year | HQ Location |
AI-based robotic devices for mobility management and rehabilitation are developed.
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| domain | founded_year | HQ Location |
Wearable patch for monitoring body movements is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Rymo Technologies
When was Rymo Technologies founded?
Rymo Technologies was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Rymo Technologies located?
Rymo Technologies is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Who is the current CEO of Rymo Technologies?
Chirag Shah is the current CEO of Rymo Technologies. They have also founded this company.
Is Rymo Technologies a funded company?
Rymo Technologies is a funded company, having raised a total of $342.94K across 3 funding rounds to date. The company's 1st funding round was a Seed of $137.41K, raised on May 03, 2022.
What is the annual revenue of Rymo Technologies?
Annual revenue of Rymo Technologies is $57.46K as on Mar 31, 2022.
What does Rymo Technologies do?
Rymo Technologies was founded in 2020 and is based in Navi Mumbai, India. Rehabilitation products for physical therapy are offered by the company within the healthcare sector. Solutions such as Mobi L, which incorporates robotics and virtual reality, are provided alongside mend, a portable robotic mobility trainer. Exercises for upper and lower limbs are enabled through various training modes to support patient recovery.
Who are the top competitors of Rymo Technologies?
Rymo Technologies's top competitors include AlterG, GripAble and Game Ready.
Who are Rymo Technologies's investors?
Rymo Technologies has 7 investors. Key investors include Keva, IKP Knowledge Park, Somaiya Group, Social Alpha, and Sachin Oswal.
What is Rymo Technologies's valuation?
The valuation of Rymo Technologies is $4.83M as of Jul 2024.
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