Settlrs

Bengaluru, India Founded: 2017 • Age: 9 yrs
Online rentals for home improvement products are provided.
Annual revenue $1.1M Latest available
Total funding $1.3M 5 rounds
Employees - Tracked headcount
Investors 12 Known backers
Products - Services tracked
Competitors 5 Brand Intelligence

About Settlrs

Settlrs is a company based in Bengaluru (India) founded in 2017 by Gaurav Ranebennur and Nishanth Janadri. Settlrs has raised $1.29 million across 5 funding rounds from investors including MaGESpire, Jeffrey Kimboon Nah and Meet Kanodia. Settlrs operates in a competitive market with competitors including KobZo, OfficePulse, Aasaandesk and eOrdernow, among others.

  • Headquarter Bengaluru, India
  • Founders Gaurav Ranebennur, Nishanth Janadri
  • Stage Minicorn
  • Sectors
    Business Services
    Retail
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Settlrs Venture Private Limited
  • Date of Incorporation 19 Jun, 2017
  • Jurisdiction Bangalore South, Karnataka, India
Operational Areas
Business Services → Facility, Security & Field Operations Unlock Sub-Sector Unlock Segment
Retail → E-Commerce Platforms & Marketplaces Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $1.12 M (USD)
    247.26
    as on Mar 31, 2023
  • Net Profit
    $42.33 K (USD)
    144.13
    as on Mar 31, 2023
  • EBITDA
    $287.95 K (USD)
    5239.96
    as on Mar 31, 2023
  • Total Equity Funding
    $1.29 M (USD)

    in 5 rounds

  • Latest Funding Round
    $29.91 K (USD), Seed

    Jan 31, 2023

  • Investors
    MaGESpire

    & 11 more

  • Employee Count
    Not available
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People of Settlrs

Headcount 1-10
Employee Profiles 1
Employee Profiles
People
Gaurav Ranebennur
Co-Founder

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Teams

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Funding Insights of Settlrs

Settlrs has successfully raised a total of $1.29M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $29.91 thousand completed in January 2023. 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.

Investors in Settlrs

Settlrs has secured backing from 12 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include MaGESpire, Jeffrey Kimboon Nah and Meet Kanodia.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Tech startups are accelerated through sector-agnostic growth advisory services.
Locked Locked Locked
Venture capital investments are managed for promising startups.
Locked Locked Locked
Early-stage startups are invested in by MaGEHold venture capital firm.
Locked Locked Locked
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Investor details for Settlrs

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  • Participation history

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Investments & Acquisitions by Settlrs

Investments
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Investment portfolio details for Settlrs

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Financial Statements - Settlrs

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Detailed financials for Settlrs

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Settlrs Comparisons

Settlrs Primary company
Description
Online rentals for home improvement products are provided.
Location
Bengaluru, India
Founded Year
2017
Annual Revenue
$1.12 M (USD)
Net Profit
$42.33 K (USD)
EBITDA
$287.95 K (USD)
Employees
Not available
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Peer comparison for Settlrs

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Competitors of Settlrs

Settlrs 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 KobZo, OfficePulse, Aasaandesk and eOrdernow, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Provider of work space transformation services
Locked Locked Locked
Procurement management software for offices is provided electronically.
Locked Locked Locked
Provides a SaaS platform for efficient office supplies ordering.
Locked Locked Locked
Provides a cloud-based solution for office supply procurement.
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Detailed competitors of Settlrs

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  • Domains and locations
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Latest news on Settlrs

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Complete news archive for Settlrs

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  • Brand-specific news history

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Frequently Asked Questions about Settlrs

Settlrs was founded in 2017 and raised its 1st funding round 1 year after it was founded.

Settlrs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Settlrs is a funded company, having raised a total of $1.29M across 5 funding rounds to date.

Annual revenue of Settlrs is $1.12M as on Mar 31, 2023.

Settlrs was established in 2017 in Bengaluru, India, as an online platform focused on rentals within the home improvement sector. Furniture items such as study tables, chairs, cots, and wardrobes are offered, alongside appliances including refrigerators, washing machines, and microwaves. Electronic devices, IT infrastructure, and accessories like mattresses, curtains, and bathroom fittings are also available for rent to support residential setups.

Settlrs's top competitors include KobZo, OfficePulse and Aasaandesk.

Settlrs has 12 investors. Key investors include MaGESpire, Jeffrey Kimboon Nah, Meet Kanodia, JN Capital & Growth Advisory, and Canbank VC.

The valuation of Settlrs is $5.19M as of Jan 2023.

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