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
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Sectors
Business ServicesRetail
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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 Settlrs Venture Private Limited
- Date of Incorporation 19 Jun, 2017
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$1.12 M (USD)247.26as on Mar 31, 2023
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Net Profit
$42.33 K (USD)144.13as on Mar 31, 2023
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EBITDA
$287.95 K (USD)5239.96as on Mar 31, 2023
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Total Equity Funding
$1.29 M (USD)
in 5 rounds
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Latest Funding Round
$29.91 K (USD), Seed
Jan 31, 2023
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Investors
MaGESpire
& 11 more
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Employee Count
Not available
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People of Settlrs
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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.
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Tech startups are accelerated through sector-agnostic growth advisory services.
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Venture capital investments are managed for promising startups.
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Early-stage startups are invested in by MaGEHold venture capital firm.
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Investor details for Settlrs
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Investments & Acquisitions by Settlrs
Investment portfolio details for Settlrs
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Financial Statements - Settlrs
Detailed financials for Settlrs
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Settlrs Comparisons
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 |
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Provider of work space transformation services
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Procurement management software for offices is provided electronically.
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Provides a SaaS platform for efficient office supplies ordering.
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Provides a cloud-based solution for office supply procurement.
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Detailed competitors of Settlrs
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Latest news on 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.
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.