About SmartE
SmartE is a company based in Delhi (India) founded in 2015 by Goldie Srivastava and Palash Roy Chowdhury.. SmartE has raised $21.73 million across 4 funding rounds from investors including Mitsui & Co., Ecotransit Investments International and Akhil Bansal. The company has 5 employees as of June 30, 2023. SmartE offers products and services including SmartE App and Electric Ride Service. SmartE operates in a competitive market with competitors including ZEVO India, MyPickup, MetroRide, Oye Rickshaw and eSavari, among others.
- Headquarter Delhi, India
- Employees 5 as on 30 Jun, 2023
- Founders Goldie Srivastava, Palash Roy Chowdhury
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Treasure Vase Venture Pvt. Ltd.
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Annual Revenue
$388.21 K (USD)-82as on Mar 31, 2024
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Net Profit
$-187.77 K (USD)76as on Mar 31, 2024
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EBITDA
$-157.41 K (USD)66as on Mar 31, 2024
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Total Equity Funding
$21.73 M (USD)
in 4 rounds
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Latest Funding Round
$14.63 M (USD), Series B
Jul 12, 2019
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Investors
Mitsui & Co.
& 2 more
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Employee Count
5
as on Jun 30, 2023
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Products & Services of SmartE
SmartE offers a comprehensive portfolio of products and services, including SmartE App and Electric Ride Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for booking electric rides for short urban distances.
Zero-emission transport for first and last mile connectivity.
Funding Insights of SmartE
SmartE has successfully raised a total of $21.73M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $14.63 million completed in July 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 Total Funding
- Total Rounds 4
- Last Round Series B — $14.6M
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First Round
First Round
(03 Feb 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Series B - SmartE | Valuation | Mitsui |
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| May, 2018 | Amount | Series A - SmartE | Valuation | Ecotransit Investments International |
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| Apr, 2017 | Amount | Series A - SmartE | Valuation | Ecotransit Investments International |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SmartE
SmartE has secured backing from 3 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mitsui & Co., Ecotransit Investments International and Akhil Bansal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by the venture capital firm.
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Founded Year | Domain | Location | |
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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Founded Year | Domain | Location | |
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AB
Akhil Bansal |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SmartE
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SmartE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smarte Comparisons
Competitors of SmartE
SmartE 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 ZEVO India, MyPickup, MetroRide, Oye Rickshaw and eSavari, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end EV supply chain solutions are delivered via a platform.
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| domain | founded_year | HQ Location |
On-demand electric rides are offered for daily commutes through subscriptions.
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| domain | founded_year | HQ Location |
Safe transport for children to school and activities is provided.
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| domain | founded_year | HQ Location |
Online platform offering slot games and fishing arcade with easy registration.
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| domain | founded_year | HQ Location |
Electric rickshaws are manufactured for passenger transport and leasing.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Smarte
Frequently Asked Questions about SmartE
When was SmartE founded?
SmartE was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is SmartE located?
SmartE is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of SmartE?
Goldie Srivastava is the current CEO of SmartE. They have also founded this company.
Is SmartE a funded company?
SmartE is a funded company, having raised a total of $21.73M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Feb 03, 2016.
How many employees does SmartE have?
As of Jun 30, 2023, the latest employee count at SmartE is 5.
What is the annual revenue of SmartE?
Annual revenue of SmartE is $388.21K as on Mar 31, 2024.
What does SmartE do?
SmartE was founded in 2015 in Delhi, India, within the urban mobility sector. An online platform is operated to deliver ride-hailing and shared rides using electric three-wheelers. On-demand services for short-distance travel are facilitated, emphasizing eco-friendly options. Operations focus on efficient ride matching and emission reduction in urban areas, serving the Indian market.
Who are the top competitors of SmartE?
SmartE's top competitors include Oye Rickshaw, ZEVO India and MetroRide.
What products or services does SmartE offer?
SmartE offers SmartE App and Electric Ride Service.
Who are SmartE's investors?
SmartE has 3 investors. Key investors include Mitsui & Co., Ecotransit Investments International, and Akhil Bansal.
What is SmartE's valuation?
The valuation of SmartE is $49.45M as of Jul 2019.
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