About Shadez
Shadez is a Business Services company based in Mumbai (India) founded in 2018 by Adarsh Anand and Amit Tiwari. In-house painting solutions are provided for residential and commercial properties. It operates in the Business Services, Real Estate & Construction, and Consumer sectors. Shadez has raised $323.6 thousand across 2 funding rounds from investors including IP Ventures, Shakun Medicare and Ashish Tiwari. Shadez was last valued at $1.89 million in September 2021. Its focus areas include Real Estate and Construction Tech, Property Management Tech, Home Improvement Services and Painting. Its competitors include AapkaPainter, FreshHomez and PaintMyWalls; 2 of its 3 listed competitors have raised funding.
Company details
Shadez was established in 2018 in Mumbai, India, within the painting services sector. Residential painting projects are handled by an in-house team of professionals, with completion targeted within one day through the use of specialized technology. Commercial services encompass painting and finishing for structures including restaurants, office buildings, warehouses, supermarkets, and shops, ensuring efficient operations across various property types.
- Headquarters Mumbai, India
- Founders Adarsh Anand, Amit Tiwari
- Stage Minicorn
- SectorsBusiness ServicesReal Estate & Construction Consumer
- Email••••••••
- Phone•••• ••••
- Website paintwithshadez.com
- Social LinkedIn X Facebook
- Annual Revenue$202.45 K (USD)34as on Mar 31, 2023
- Net Profit-$69.34 K (USD)39as on Mar 31, 2023
- EBITDA-$69.19 K (USD)39as on Mar 31, 2023
- Total Equity Funding$323.6K (USD)
in 2 rounds
- Latest Funding Round$213.97K (USD), Seed
Sep 2021
- InvestorsIP Ventures
& 35 more
Associated legal entities of Shadez
Shadez is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shadez Home Interiors Private Limited CIN U74999MH2019PTC330612 | Active | 16 Sep 2019 | Mumbai, Maharashtra | ₹0.0 Cr | 2 | View details | |
| Invention Labs Engineering Products Private Limited CIN U29253TN2007PTC064346 | Active | 31 Jul 2007 | Chennai, Tamil Nadu | ₹3.1 Cr | 3 | View details |
Funding Insights of Shadez
Shadez has successfully raised a total of $323.6K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $213.97 thousand completed in September 2021. 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 $323,604
- Total Rounds 2
- Last Round Seed — $213,966
- First Round $109,638
(Mar 2020)
- Investors Count 36
All 2 funding rounds of Shadez 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 |
|---|---|---|---|---|---|
| Sep 2021 | $213,966 | Seed | $1.89M | Inflection Point Ventures | |
| Mar 2020 | $109,638 | Seed | $629,845 | Sachin Maheshwari, Sundararajan Parthasarathy |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $1.89M | •••••••• |
Last known valuation $1.89M (Sep 2021). 36 investors in total: 2 institutional and 34 angel.
Investors in Shadez
Shadez has secured backing from 36 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IP Ventures, Shakun Medicare and Ashish Tiwari.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Legal consulting services are provided to clients from Akola, India. | shakunmedicare.tcc.mode | Akola, India | ||
AT Ashish Tiwari | Angel investor and entrepreneur, focusing on tech startups in India. | unknown_3141fec547f745eb9 | ||
AM Ayaz Motiwala | Angel investor, founder of Nugenomics, focused on health tech and innovation. | unknown_54cdbfef7e04437ab | ||
AS Amreshwar Sati | unknown_6ce64d6f554240efb | |||
VJ Viral Jani | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_e19e521a55204d73b | ||
AA Anchit Agarwal | unknown_74654cfa4aa34b2b8 | |||
MS Manish Shah | unknown_9734495c53414b2ba | |||
AS Akshay Seth | unknown_8505fdac2e864c3da | |||
AG Arun Ganapathy | unknown_96088f5e601e4e1e8 |
Investor details for Shadez
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 Shadez
The boards of the 2 registered companies of Shadez currently have 5 directors; the longest-serving is Aswin Chandrasekaran, appointed in 2007. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aswin Chandrasekaran DIN 01531073 | Director | 31 Jul 2007 | 19 yrs 2 mo | Invention Labs Engineering Products Private Limited |
| Thangam Sankaranarayanan DIN 03128398 | Director | 29 Aug 2011 | 15 yrs 1 mo | Invention Labs Engineering Products Private Limited |
| Narayanan Ramakrishnan DIN 08213946 | Managing Director | 06 Sep 2018 | 8 yrs 1 mo | Invention Labs Engineering Products Private Limited |
| Adarsh Anand DIN 08563893 | Director | 16 Sep 2019 | 7 yrs 1 mo | Shadez Home Interiors Private Limited |
| Amit Kumar DIN 07737475 | Director | 16 Sep 2019 | 7 yrs 1 mo | Shadez Home Interiors Private Limited |
People of Shadez
2 people are tracked at Shadez (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Amit Tiwari | Co-Founder | Leadership |
Complete people profiles for Shadez
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 Shadez
Figures of Shadez Home Interiors Private Limited, the primary company behind Shadez, for FY 2024. Revenue was ₹1 Lakh (-99% year on year). Net loss was -₹25,769 (-25% margin). EBITDA was -₹25,769 (-25% margin). Revenue has grown at a compounded annual rate of -70% over three years.
- ₹1 LakhRevenue · FY 2024 · -99% YoY
- -₹25,769Net loss · -25% margin
- -₹25,769EBITDA · -25% margin
- ₹1.3 LakhPaid-up capital
- -70%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Shadez Home Interiors Private Limited are on its company page.
Detailed financial statements for Shadez
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 Shadez
4 dated milestones of Shadez across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Shadez is founded.
- Funding First funding round of $110K.
- Funding Latest funding round, Seed, of $214K.
- Milestone Reaches Minicorn status.
Competitors of Shadez
Shadez has 3 listed competitors in our database, 2 of them funded. They include AapkaPainter, FreshHomez and PaintMyWalls.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aapkapainter.com | 2012 | Bengaluru, India | $2.86M | 152 | Painting services are booked through an online closed marketplace. | |
| freshhomez.com | 2016 | Mumbai, India | $143,952 | Online platform for booking painting services | ||
| paintmywalls.in | 2015 | Bengaluru, India | Offers eco-friendly interior, exterior, and commercial painting services with waterproofing. |
Detailed competitors of Shadez
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Local & Community Services
3 companies that operate in the same segment as Shadez (Local & Community Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Customers are connected with vetted professionals for on-demand home services. | 2014 | Gurugram, Haryana, India | USD 376.49 M | USD 165.84 M | 2,111 | |
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 |
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Related news about Shadez
Complete news archive for Shadez
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Frequently Asked Questions about Shadez
Shadez was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Shadez is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Shadez is a funded company, having raised a total of $323.6K across 2 funding rounds to date. The company's 1st funding round was a Seed of $109.64K, raised on Mar 2020.
Annual revenue of Shadez is $202.45K as on Mar 31, 2023.
Shadez was established in 2018 in Mumbai, India, within the painting services sector. Residential painting projects are handled by an in-house team of professionals, with completion targeted within one day through the use of specialized technology. Commercial services encompass painting and finishing for structures including restaurants, office buildings, warehouses, supermarkets, and shops, ensuring efficient operations across various property types.
Shadez's top competitors include AapkaPainter, FreshHomez and PaintMyWalls.
Shadez has 36 investors. Key investors include IP Ventures, Shakun Medicare, Ashish Tiwari, Ayaz Motiwala, and Amreshwar Sati.
The valuation of Shadez is $1.89M as of Sep 2021.
Shadez is associated with 2 legal entities: Shadez Home Interiors Private Limited, Invention Labs Engineering Products Private Limited.
The legal entities of Shadez currently have 5 directors, including Adarsh Anand, Amit Kumar, Narayanan Ramakrishnan and others.