About Silvan
Silvan is a Technology company based in Bengaluru (India) founded in 2008, and was acquired by Polycab in June 2021. Home security and automation products are developed for smart solutions. Silvan has raised $4.48 million across 9 funding rounds from investors including Polycab, Italica and 1Crowd. Silvan was last valued at $25.05 million in June 2019. Its focus areas include High Tech, Smart Homes and Smart Home Suite. Its legal entity in India is Silvan Automation Private Limited (U30009KA2015PTC081398).
Company details
Developer of home security and automation products. Home automation solutions, hotel room automation solutions along with custom product development to meet safety, security, and task automation needs. Has developed a mobile jukebox system to download content (music and video) onto handheld players and a low-power camera for embeddeding in expensive equipment. Clients include Lodha, Total Environment, Tata Housing, Texas Instruments among others. Raised 520k from Chennai Angels in Jan 2016. Raised 900k from Infuse Ventures in Jun 2016.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website silvan.co.in
- Social LinkedIn X Facebook
- Acquired by Polycab (Jun 2021)
- Legal Name Silvan Automation Private Limited
- Date of Incorporation 03 Jul, 2015
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Silvan
Silvan is associated with 2 registered companies on The Company Check; the primary company is Silvan Automation Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Silvan Automation Private Limited CIN U30009KA2015PTC081398 | Strike Off | 03 Jul 2015 | Bangalore, Karnataka | 2 | View details | ||
| Silvan Innovation Labs Private Limited CIN U72900GJ2008PTC135164 | Amalgamated | 30 Jun 2008 | Panchamahal, Gujarat | ₹3.3 Cr | 3 | 3 | View details |
Funding Insights of Silvan
Silvan has successfully raised a total of $4.48M across 9 strategic funding rounds. The most recent funding activity was a Seed round of $990.96 thousand completed in June 2019. 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 $4.48M
- Total Rounds 9
- Last Round Seed — $990,963
- First Round $389,804
(Jun 2010)
- Investors Count 94
All 9 funding rounds of Silvan 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 |
|---|---|---|---|---|---|
| Jun 2019 | $990,963 | Seed | $25.05M | Samsung Venture Investment, Samsung Venture Investment | – |
| Jun 2018 | $684,747 | Seed | $13.58M | Infuse Ventures | |
| Jan 2018 | Seed | – | – | – | |
| Mar 2017 | $403,842 | Seed | $••••• | Infuse Ventures | |
| Jun 2016 | $891,402 | Seed | $••••• | Infuse Ventures | – |
| Jan 2016 | $514,483 | Seed | – | Rajasekar Ramaraj | |
| Mar 2012 | $578,439 | Angel Round | $••••• | M V Ranganath, Srini V Srinivasan | |
| Mar 2012 | $22,102 | Angel Round | $••••• | Joseph Roque Fernandes, Joseph Fernandes | |
| Jun 2010 | $389,804 | Angel Round | $••••• | V Srinivasan, Srini V Srinivasan |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2019 | $25.05M | •••••••• |
| Jun 2018 | $13.58M | •••••••• |
| Mar 2017 | $••••• | •••••••• |
| Jun 2016 | $••••• | •••••••• |
| Mar 2012 | $••••• | •••••••• |
Full valuation and stage history of Silvan
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $25.05M (Jun 2019). 95 investors in total: 14 institutional and 81 angel.
Investors in Silvan
Silvan has secured backing from 95 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Polycab, Italica and 1Crowd.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in promising startups. | 1999 | samsungventure.co.kr | Seocho, South Korea | |
Investments are directed toward semiconductors, telecommunications, software, and medical sectors. | samsungventures.com | Seoul, South Korea | ||
Venture capital fund focused on the sustainability and clean energy sector | infuseventures.in | Ahmedabad, India | ||
Investments are managed by T R Santhanakrishnan's office in Mauritius. | ktaru.com | Ebene City, Mauritius | ||
Investment-focused NBFC managing equity, debt, and private equity portfolios. | acsysindia.com | Chennai, India | ||
Investment services focused on innovation-driven industries and markets influenced by globalization. | kalpathiinvestments.com | Chennai, India | ||
Angel network focused on multiple sectors | 2007 | thechennaiangels.com | Chennai, India | |
Early-stage venture capital investment firm | 2015 | 1crowd.co | Mumbai, India | |
Italica is engaged in manufacturing and selling plastic furniture. | 1992 | italica.com | Mumbai, India | |
Investment management services are provided to clients in India. | anandam.in | Secunderabad, India |
Investor details for Silvan
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 Silvan Automation Private Limited (Silvan)
Silvan Automation Private Limited is the primary company behind Silvan. The boards of the 2 registered companies of Silvan currently have 5 directors; the longest-serving is Avinash Kumar Gautam, appointed in 2015. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Avinash Kumar Gautam DIN 01507928 | Managing Director | 03 Jul 2015 | 11 yrs 4 mo | Silvan Automation Private Limited |
| Gopalakrishna Mohan DIN 07212124 | Additional Director | 08 Jul 2015 | 11 yrs 4 mo | Silvan Automation Private Limited |
| Praveen Bindingnavile Seshadri DIN 03017823 | Director | 18 Jun 2021 | 5 yrs 4 mo | Silvan Innovation Labs Private Limited |
| Ajay Gupta DIN 09447933 | Director | 27 Dec 2021 | 4 yrs 10 mo | Silvan Innovation Labs Private Limited |
| Manita Carmen Albert Gonsalves DIN 10056440 | Director | 27 Mar 2023 | 3 yrs 7 mo | Silvan Innovation Labs Private Limited |
Timeline of Silvan
5 dated milestones of Silvan across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Silvan is founded.
- Funding First funding round of $390K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $991K.
- Exit Acquired by Polycab.
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Related news about Silvan
Complete news archive for Silvan
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Frequently Asked Questions about Silvan
Silvan was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Silvan is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Silvan is a funded company, having raised a total of $4.48M across 9 funding rounds to date. The company's 1st funding round was a Angel Round of $389.8K, raised on Jun 2010.
Developer of home security and automation products. Home automation solutions, hotel room automation solutions along with custom product development to meet safety, security, and task automation needs. Has developed a mobile jukebox system to download content (music and video) onto handheld players and a low-power camera for embeddeding in expensive equipment. Clients include Lodha, Total Environment, Tata Housing, Texas Instruments among others. Raised 520k from Chennai Angels in Jan 2016. Raised 900k from Infuse Ventures in Jun 2016.
Silvan has 95 investors. Key investors include Polycab, Italica, 1Crowd, Samsung Venture Investment, and The Chennai Angels.
The valuation of Silvan is $25.05M as of Jun 2019.
Silvan is associated with 2 legal entities: Silvan Automation Private Limited, Silvan Innovation Labs Private Limited.
Yes. Silvan was acquired by Polycab in June 2021.
The legal entities of Silvan currently have 5 directors, including Gopalakrishna Mohan, Avinash Kumar Gautam, Manita Carmen Albert Gonsalves and others.