About Sheru
Sheru is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2019 by Shikhar Sharma, Ankit Mittal, and Nakul Mehan. Cloud-based marketplace for aggregating idle EV batteries is provided. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Sheru has raised $2.54 million across 15 funding rounds from investors including Venture Catalysts, Smile Group and Sat Industries. The company has 33 employees. Sheru was last valued at $3.43 million in June 2021. Its chief executive, as recorded, is Ankit Mittal. Its Indian entity Seygnux Solutions Private Limited reported revenue of ₹1.18 Cr. Its focus areas include Energy Tech, Energy Storage Tech, Energy Storage Network and Marketplace.
Company details
Sheru was founded in 2019 in Delhi, India, as a provider of a cloud-based energy storage marketplace. A SaaS platform is operated to aggregate idle batteries from electric vehicles, swapping stations, and solar backups, enabling distributed energy storage and arbitrage services. Features such as virtual energy storage, vehicle-to-grid integration, and energy trading optimization are included, along with battery management software, interoperability tools for fleet operators, and cloud-native analytics.
- Headquarters Delhi, India
- Employees 33
- Founders Shikhar Sharma, Ankit Mittal, Nakul Mehan
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website sheru.se
- Social LinkedIn X Facebook
- Legal Name Seygnux Solutions Private Limited
- Date of Incorporation 20 Jan, 2014
- Jurisdiction Delhi, India
- Annual Revenue₹1.18 Cr
FY 2025 · -62% YoY
- Net Loss-₹2.95 Cr
FY 2025 · -250% margin
- EBITDA-₹2.93 Cr
FY 2025 · -249% margin
- Total Equity Funding$2.54M (USD)
in 15 rounds
- Latest Funding Round$27.84K (USD), Seed
May 2025
- InvestorsVenture Catalysts
& 75 more
- Employee Count33
Associated legal entities of Sheru
Sheru operates through Seygnux Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Seygnux Solutions Private Limited CIN U74140DL2014PTC263786 | Active | 20 Jan 2014 | Delhi, Delhi | ₹1.2 Cr | 33 | 3 | View details |
Funding Insights of Sheru
Sheru has successfully raised a total of $2.54M across 15 strategic funding rounds. The most recent funding activity was a Seed round of $27.84 thousand completed in May 2025. 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 $2.54M
- Total Rounds 15
- Last Round Seed — $27,837
- First Round $141,203
(Feb 2019)
- Investors Count 76
Latest 10 of 15 funding rounds of Sheru 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 2025 | $27,837 | Seed | – | AHV Investments | – |
| Feb 2024 | $144,606 | Seed | – | AdvantEdge | – |
| Dec 2023 | $144,032 | Seed | – | Micelio | – |
| Apr 2023 | Angel Round | – | Alexander Hogeveen Rutter | – | |
| Mar 2023 | $292,111 | Seed | – | Z Nation Lab | |
| Jan 2023 | $174,789 | Seed | – | Rakesh Madanlal Bohra | |
| Nov 2022 | $30,717 | Seed | – | AHV Investments | – |
| Sep 2022 | $98,152 | Seed | – | TiE SoCal Angels | – |
| Apr 2022 | Seed | – | Soonicorn Ventures | – | |
| Feb 2022 | $520,949 | Seed | – | Z Nation Lab |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $3.43M | •••••••• |
| Oct 2019 | $2.15M | •••••••• |
Last known valuation $3.43M (Jun 2021). 76 investors in total: 25 institutional and 51 angel.
Investors in Sheru
Sheru has secured backing from 76 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Venture Catalysts, Smile Group and Sat Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment platform for building investor communities and facilitating startup deals. | 2022 | soonicornventures.com | Gurugram, India | |
Venture capital funding and support for mobility and electric vehicle startups in India. | 2015 | advantedge.vc | Delhi, India | |
Seed fund VC firm investing in EV ecosystem | micelio.com | Bengaluru, India | ||
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Climate tech companies are funded via specialized angel networks. | climateangels.in | Gurugram, India | ||
Venture capital financing and ecosystem support for early-stage startups globally. | 2019 | turbostart.co | ||
Climate innovation network building, startup support, and investment facilitation in environmental sectors. | 2017 | gomassive.in | Noida, India | |
Pre-seed tech startups are targeted for investments by Chokhani Ventures. | chokhaniventures.tcc.mode | Ahmedabad, India | ||
Business solutions for retailers are provided by Vista Business Ventures. | vistabusinessventures.tcc.mode | Mumbai, India | ||
| financialsystemanalyst.tcc.mode |
Investor details for Sheru
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Seygnux Solutions Private Limited (Sheru)
Seygnux Solutions Private Limited is the primary company behind Sheru. The board of Seygnux Solutions Private Limited currently have 3 directors; the longest-serving is Nakul Mehan, appointed in 2018. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nakul Mehan DIN 08254508 | Director | 20 Nov 2018 | 7 yrs 11 mo | Seygnux Solutions Private Limited |
| Shikhar Sharma DIN 08254509 | Director | 20 Nov 2018 | 7 yrs 11 mo | Seygnux Solutions Private Limited |
| Ankit Mittal DIN 08254541 | Director | 20 Nov 2018 | 7 yrs 11 mo | Seygnux Solutions Private Limited |
People of Sheru
3 people are tracked at Sheru (3 in leadership); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for Sheru
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 Sheru
Figures of Seygnux Solutions Private Limited, the primary company behind Sheru, for FY 2025. Revenue was ₹1.18 Cr (-62% year on year). Net loss was -₹2.95 Cr (-250% margin). EBITDA was -₹2.93 Cr (-249% margin). Revenue has grown at a compounded annual rate of -48% over three years and -3% over five years.
- ₹1.18 CrRevenue · FY 2025 · -62% YoY
- -₹2.95 CrNet loss · -250% margin
- -₹2.93 CrEBITDA · -249% margin
- ₹2.2 LakhPaid-up capital
- 33Employees (provident fund records)
- -48%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Seygnux Solutions Private Limited are on its company page.
Detailed financial statements for Sheru
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 Sheru
4 dated milestones of Sheru across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Sheru is founded.
- Funding First funding round of $141K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $28K.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Sheru (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Related news about Sheru
Complete news archive for Sheru
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Frequently Asked Questions about Sheru
Sheru was founded in 2019.
Sheru is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Ankit Mittal is the CEO of Sheru, as recorded in our data. They have also founded this company.
Sheru is a funded company, having raised a total of $2.54M across 15 funding rounds to date. The company's 1st funding round was a Seed of $520.95K, raised on Feb 2019.
Sheru has 33 employees.
The primary company behind Sheru, Seygnux Solutions Private Limited, reported revenue of ₹1.18 Cr for FY 2025, down 62% year on year.
Sheru was founded in 2019 in Delhi, India, as a provider of a cloud-based energy storage marketplace. A SaaS platform is operated to aggregate idle batteries from electric vehicles, swapping stations, and solar backups, enabling distributed energy storage and arbitrage services. Features such as virtual energy storage, vehicle-to-grid integration, and energy trading optimization are included, along with battery management software, interoperability tools for fleet operators, and cloud-native analytics.
Sheru has 76 investors. Key investors include Venture Catalysts, Smile Group, Sat Industries, AdvantEdge, and Soonicorn Ventures.
The valuation of Sheru is $3.43M as of Jun 2021.
Sheru operates through Seygnux Solutions Private Limited.
The legal entities of Sheru currently have 3 directors, including Nakul Mehan, Shikhar Sharma, Ankit Mittal.