About Settlrs
Settlrs is a Business Services company based in Bengaluru (India) founded in 2017 by Gaurav Ranebennur and Nishanth Janadri. Online rentals for home improvement products are provided. It operates in the Business Services and Retail sectors. Settlrs has raised $1.29 million across 5 funding rounds from investors including MaGESpire, Jeffrey Kimboon Nah and Meet Kanodia. Settlrs was last valued at $5.19 million in January 2023. Its Indian entity Settlrs Venture Private Limited reported revenue of ₹7.72 Cr. Its focus areas include Real Estate and Construction Tech, Facility Management Tech, Office Management and Procurement Management. Its competitors include KobZo, OfficePulse and Aasaandesk; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Founders Gaurav Ranebennur, Nishanth Janadri
- Stage Minicorn
- SectorsBusiness ServicesRetail
- Email••••••••
- Phone•••• ••••
- Website settlrs.com
- Social LinkedIn Facebook
- Legal Name Settlrs Venture Private Limited
- Date of Incorporation 19 Jun, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹7.72 Cr
FY 2024 · -17% YoY
- Net Loss-₹95.2 Lakh
FY 2024 · -12% margin
- EBITDA₹1.50 Cr
FY 2024 · 19% margin
- Total Equity Funding$1.29M (USD)
in 5 rounds
- Latest Funding Round$29.91K (USD), Seed
Jan 2023
- InvestorsMaGESpire
& 11 more
Associated legal entities of Settlrs
Settlrs operates through Settlrs Venture Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Settlrs Venture Private Limited CIN U74999KA2017PTC103960 | Active | 19 Jun 2017 | Bangalore, Karnataka | ₹7.7 Cr | 3 | View details |
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.
- Total Funding $1.29M
- Total Rounds 5
- Last Round Seed — $29,914
- First Round $162,949
(Nov 2018)
- Investors Count 12
All 5 funding rounds of Settlrs 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 |
|---|---|---|---|---|---|
| Jan 2023 | $29,914 | Seed | $5.19M | MaGESpire | |
| Apr 2022 | $28,310 | Seed | $5.54M | MaGESpire | – |
| Apr 2021 | $1M | Seed | $••••• | JN Capital & Growth Advisory, Canbank Venture Capital Fund | |
| Jan 2021 | $69,404 | Seed | $••••• | MaGEHold | – |
| Nov 2018 | $162,949 | Seed | $••••• | Blue Khaki Investment | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2023 | $5.19M | •••••••• |
| Apr 2022 | $5.54M | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Jan 2021 | $••••• | •••••••• |
| Nov 2018 | $••••• | •••••••• |
Full valuation and stage history of Settlrs
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $5.19M (Jan 2023). 12 investors in total: 6 institutional and 6 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech startups are accelerated through sector-agnostic growth advisory services. | jn-capital.com | Singapore, Singapore | ||
Venture capital investments are managed for promising startups. | canbank.vc | Bengaluru, India | ||
Early-stage startups are invested in by MaGEHold venture capital firm. | magehold.io | Hong Kong, China | ||
Multiple sectors are invested in by the single family office. | ||||
Venture capital fund making equity investment in multiple sector and investment stages | Mysuru, India | |||
Venture development group promoting Fintech through investments, advisory, and community engagement. | 2018 | magespire.io | Hong Kong, China | |
JK Jeffrey Kimboon Nah | unknown_68a26092f6794f2d8 | |||
MK Meet Kanodia | Angel investor and entrepreneur, co-founder of JetSetGo, focused on aviation and tech startups. | unknown_d26159fbfd714f57b | ||
YC Yin Cheng Lau | unknown_ab06c1c3e7a7456e9 | |||
JJ Jayesh Jain | Angel investor and entrepreneur, focusing on early-stage Indian startups. | unknown_523f2252cb5943788 |
Investor details for Settlrs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Settlrs Venture Private Limited (Settlrs)
Settlrs Venture Private Limited is the primary company behind Settlrs. The board of Settlrs Venture Private Limited currently have 3 directors; the longest-serving is Gaurav Shreepadraj Ranebennur, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Shreepadraj Ranebennur DIN 06721634 | Director | 19 Jun 2017 | 9 yrs 4 mo | Settlrs Venture Private Limited |
| Nishanth Janadri DIN 08155608 | Director | 12 Jun 2018 | 8 yrs 4 mo | Settlrs Venture Private Limited |
| Arun Kumar DIN 07028408 | Director | 02 Feb 2019 | 7 yrs 9 mo | Settlrs Venture Private Limited |
People of Settlrs
2 people are tracked at Settlrs (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & COO | Leadership |
Complete people profiles for Settlrs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Settlrs
Figures of Settlrs Venture Private Limited, the primary company behind Settlrs, for FY 2024. Revenue was ₹7.72 Cr (-17% year on year). Net loss was -₹95.2 Lakh (-12% margin). EBITDA was ₹1.50 Cr (19% margin). Revenue has grown at a compounded annual rate of +95% over three years and +97% over five years.
- ₹7.72 CrRevenue · FY 2024 · -17% YoY
- -₹95.2 LakhNet loss · -12% margin
- ₹1.50 CrEBITDA · 19% margin
- ₹1.4 LakhPaid-up capital
- +95%Revenue CAGR, 3 years
- +97%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Settlrs Venture Private Limited are on its company page.
Detailed financial statements for Settlrs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Settlrs
4 dated milestones of Settlrs across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Settlrs is founded.
- Funding First funding round of $163K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $30K.
Competitors of Settlrs
Settlrs has 3 listed competitors in our database, 2 of them funded. They include KobZo, OfficePulse and Aasaandesk.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kobzo.com | 2012 | Chennai, India | $2.08M | 49 | Provider of work space transformation services | |
| officepulse.in | 2017 | Bengaluru, India | $500,000 | 5 | Procurement management software for offices is provided electronically. | |
| aasaandesk.com | 2016 | Mumbai, India | Provides a SaaS platform for efficient office supplies ordering. |
Detailed competitors of Settlrs
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Verified entity values are shown only after access is granted.
Top companies in Facility Management Platforms
2 companies that operate in the same segment as Settlrs (Facility Management Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 |
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Related news about Settlrs
Complete news archive for Settlrs
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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. The company's 1st funding round was a Seed of $162.95K, raised on Nov 2018.
The primary company behind Settlrs, Settlrs Venture Private Limited, reported revenue of ₹7.72 Cr for FY 2024, down 17% year on year.
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.
Settlrs operates through Settlrs Venture Private Limited.
The legal entities of Settlrs currently have 3 directors, including Arun Kumar, Nishanth Janadri, Gaurav Shreepadraj Ranebennur.