About ScratchNest
ScratchNest is a Technology company based in Rupnagar (India) founded in 2019 by Akshit Dangi, Jeevant Sah, and Amit Bhati. RFID readers and antennas for navigation are supplied. ScratchNest has raised $125.58 thousand across 1 funding round from investors including perfectid.com. ScratchNest was last valued at $644.43 thousand in May 2022. Its Indian entity Scratchnest Private Limited reported revenue of ₹3.8 Lakh. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Devices and Tags & Readers.
Company details
ScratchNest was established in 2019 in Rupnagar, India, focusing on RFID technology for navigation applications. A range of products is offered, including integrated, fixed, desktop, and handheld RFID readers, along with RFID antennas, LoRa gateways, and LoRa nodes. Operations extend to sectors such as automation, homes and buildings, education, and the oil and gas industry, supporting various industrial and infrastructural needs.
- Headquarters Rupnagar, India
- Founders Akshit Dangi, Jeevant Sah, Amit Bhati
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website scratchnest.com
- Social LinkedIn Facebook
- Legal Name Scratchnest Private Limited
- Date of Incorporation 25 Jun, 2019
- Jurisdiction Una, Himachal Pradesh, India
- Annual Revenue₹3.8 Lakh
FY 2023
- Net Loss-₹50.1 Lakh
FY 2023 · -1320% margin
- EBITDA-₹49.7 Lakh
FY 2023 · -1311% margin
- Total Equity Funding$125.58K (USD)
in 1 rounds
- Latest Funding Round$125.58K (USD), Seed
May 2022
- Investors
Associated legal entities of ScratchNest
ScratchNest operates through Scratchnest Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Scratchnest Private Limited CIN U31904HP2019PTC007509 | Active | 25 Jun 2019 | Una, Himachal Pradesh | ₹0.0 Cr | 3 | View details |
Funding Insights of ScratchNest
ScratchNest has successfully raised a total of $125.58K through 1 strategic funding round. The most recent funding activity was a Seed round of $125.58 thousand completed in May 2022. 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 $125,580
- Total Rounds 1
- Last Round Seed — $125,580
- First Round $125,580
(May 2022)
- Investors Count 1
All 1 funding rounds of ScratchNest with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $125,580 | Seed | $644,432 | perfectid.com | – |
Last known valuation $644,432 (May 2022). 1 investors in total: 1 institutional.
Investors in ScratchNest
ScratchNest has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include perfectid.com.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| perfectid.com |
Investor details for ScratchNest
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Scratchnest Private Limited (ScratchNest)
Scratchnest Private Limited is the primary company behind ScratchNest. The board of Scratchnest Private Limited currently have 3 directors; the longest-serving is Amit Bhati, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Bhati DIN 08492860 | Director | 25 Jun 2019 | 7 yrs 4 mo | Scratchnest Private Limited |
| Akshit Dangi DIN 08492861 | Director | 25 Jun 2019 | 7 yrs 4 mo | Scratchnest Private Limited |
| Jeevant Kumar Sah DIN 08492862 | Director | 25 Jun 2019 | 7 yrs 4 mo | Scratchnest Private Limited |
People of ScratchNest
3 people are tracked at ScratchNest (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
| Co-Founder & Director | Leadership | |
| Co-Founder & Director | Leadership |
Complete people profiles for ScratchNest
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ScratchNest
Figures of Scratchnest Private Limited, the primary company behind ScratchNest, for FY 2023. Revenue was ₹3.8 Lakh. Net loss was -₹50.1 Lakh (-1320% margin). EBITDA was -₹49.7 Lakh (-1311% margin). Revenue has grown at a compounded annual rate of +12% over three years.
- ₹3.8 LakhRevenue · FY 2023
- -₹50.1 LakhNet loss · -1320% margin
- -₹49.7 LakhEBITDA · -1311% margin
- ₹12,000Paid-up capital
- +12%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Scratchnest Private Limited are on its company page.
Detailed financial statements for ScratchNest
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ScratchNest
2 dated milestones of ScratchNest across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ScratchNest is founded.
- Funding First funding round of $126K.
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Frequently Asked Questions about ScratchNest
ScratchNest was founded in 2019 and raised its 1st funding round 3 years after it was founded.
ScratchNest is headquartered in Rupnagar, India. It is registered at Rupnagar, Punjab, India.
ScratchNest is a funded company, having raised a total of $125.58K across 1 funding round to date. The company's 1st funding round was a Seed of $125.58K, raised on May 2022.
The primary company behind ScratchNest, Scratchnest Private Limited, reported revenue of ₹3.8 Lakh for FY 2023.
ScratchNest was established in 2019 in Rupnagar, India, focusing on RFID technology for navigation applications. A range of products is offered, including integrated, fixed, desktop, and handheld RFID readers, along with RFID antennas, LoRa gateways, and LoRa nodes. Operations extend to sectors such as automation, homes and buildings, education, and the oil and gas industry, supporting various industrial and infrastructural needs.
ScratchNest has 1 investor. Key investors include perfectid.com.
The valuation of ScratchNest is $644.43K as of May 2022.
ScratchNest operates through Scratchnest Private Limited.
The legal entities of ScratchNest currently have 3 directors, including Amit Bhati, Akshit Dangi, Jeevant Kumar Sah.