About Smitch
Smitch is a Technology company based in Coimbatore (India) founded in 2016 by Pragadheesh Raj. Smart home automation products including bulbs and plugs are provided. Smitch has raised $1.6 million across 6 funding rounds from investors including LetsVenture, Suneeta Peela and Anthill Ventures. The company has 38 employees. Smitch was last valued at $8.72 million in August 2020. Its chief executive, as recorded, is Sanath Kumar. Its focus areas include High Tech, Smart Homes and Smart Home Suite.
Company details
Provider of smart home automation products. Its products include smart bulbs, smart plugs, smart switches, and smart remote. It can be operated through My Smitch mobile app and it uses wifi technology and enables users to change the colors as per their requirement and also sync lights to favorite music where the lights react to the rhythm. It is compatible with Amazon Alexa and Google Assistant.
- Headquarters Coimbatore, India
- Employees 38
- Founders Pragadheesh Raj
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website mysmitch.com
- Social LinkedIn
- Annual Revenue$17.34 K (USD)69as on Mar 31, 2024
- Net Profit-$1.06 M (USD)-44as on Mar 31, 2024
- EBITDA-$1.03 M (USD)-56as on Mar 31, 2024
- Total Equity Funding$1.6M (USD)
in 6 rounds
- Latest Funding Round$54.89K (USD), Angel Round
Mar 2021
- InvestorsLetsVenture
& 15 more
- Employee Count38
Associated legal entities of Smitch
Smitch 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 |
|---|---|---|---|---|---|---|---|
| Iot Monks Private Limited CIN U74999KA2018PTC117517 | Active | 12 Oct 2018 | Bangalore, Karnataka | ₹0.1 Cr | 40 | 3 | View details |
| Karsan Technologies Private Limited CIN U31200TZ2015PTC021657 | Active | 13 Aug 2015 | Coimbatore, Tamil Nadu | ₹0.4 Cr | 5 | View details |
Funding Insights of Smitch
Smitch has successfully raised a total of $1.6M across 6 strategic funding rounds. The most recent funding activity was a Angel Round of $54.89 thousand completed in March 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 $1.6M
- Total Rounds 6
- Last Round Angel Round — $54,894
- First Round $98,157
(Nov 2018)
- Investors Count 16
All 6 funding rounds of Smitch 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 |
|---|---|---|---|---|---|
| Mar 2021 | $54,894 | Angel Round | – | – | |
| Dec 2020 | $20,037 | Angel Round | – | – | |
| Aug 2020 | $207,133 | Seed | $8.72M | Anthill Ventures | |
| Oct 2019 | $791,454 | Seed | $8.36M | LetsVenture | |
| Apr 2019 | $424,462 | Seed | $••••• | LetsVenture | |
| Nov 2018 | $98,157 | Angel Round | $••••• | Arathi Laxman | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2020 | $8.72M | •••••••• |
| Oct 2019 | $8.36M | •••••••• |
| Apr 2019 | $••••• | •••••••• |
Full valuation and stage history of Smitch
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 $8.72M (Aug 2020). 16 investors in total: 4 institutional and 12 angel.
Investors in Smitch
Smitch has secured backing from 16 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include LetsVenture, Suneeta Peela and Anthill Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early and growth stage tech startups. | anthillventures.com | Hyderabad, India | ||
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
SP Suneeta Peela | unknown_6334bc21ba684d448 | |||
SG Satyapreethi Gadde | unknown_2c5cf14d417349269 | |||
MB Mahesh Balani | Angel investor and tech leader, ex-Google, focused on early-stage startups | unknown_d32656fb2abb4668a | ||
MS Mohan Swarup Bhatnagar | unknown_7a55f1c8090a42ac9 | |||
BK Baldev Kumar Varma | unknown_d294096ece864a7e9 | |||
AL Arathi Laxman | unknown_b8d5421aa9f2471a8 |
Investor details for Smitch
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Smitch
The boards of the 2 registered companies of Smitch currently have 8 directors; the longest-serving is Premalatha Govindaraj, appointed in 2015. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Premalatha Govindaraj DIN 02092314 | Director | 13 Aug 2015 | 11 yrs 3 mo | Karsan Technologies Private Limited |
| Bommanahally Satyanarayana Rao Radha DIN 07206899 | Director | 13 Aug 2015 | 11 yrs 3 mo | Karsan Technologies Private Limited |
| Trishala Kumari DIN 02507304 | Director | 21 Feb 2017 | 9 yrs 8 mo | Karsan Technologies Private Limited |
| Nirmal Kumar DIN 00081771 | Director | 21 Feb 2017 | 9 yrs 8 mo | Karsan Technologies Private Limited |
| Arun Karki DIN 07938479 | Director | 28 Mar 2018 | 8 yrs 7 mo | Karsan Technologies Private Limited |
| Hebbale Ramaprasad Sanath Kumar DIN 07684455 | Director | 12 Oct 2018 | 8 yrs 1 mo | Iot Monks Private Limited |
| Pragadheesh Raj DIN 07684468 | Director | 12 Oct 2018 | 8 yrs 1 mo | Iot Monks Private Limited |
| Jaideep Krishna DIN 01185630 | Director | 31 Oct 2019 | 7 yrs | Iot Monks Private Limited |
People of Smitch
10 people are tracked at Smitch (3 in leadership, 7 in team); the tracked headcount is 38.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| CEO | Leadership | |
Dr. Wasim Mohideen (Doc Waz) | Chief Wellness Orchestrator | Leadership |
Thirumurthy Palanisamy | Back End Developer | Team |
Venkataraman Ethirajan | Back End Developer | Team |
Seenivasan V | iOS Engineer | Team |
SURAJ KUMAR | Back End Developer | Team |
Sasikumar V | iOS App Developer | Team |
Sumanth Shetty | Sales Manager | Team |
Vinish E | Associate Front End Developer | Team |
Complete people profiles for Smitch
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Smitch
Figures of Iot Monks Private Limited, the primary company behind Smitch, for FY 2024. Revenue was ₹14.4 Lakh (+69% year on year). Net loss was -₹8.80 Cr (-6127% margin). EBITDA was -₹8.54 Cr (-5951% margin). Revenue has grown at a compounded annual rate of -77% over three years and +20% over five years.
- ₹14.4 LakhRevenue · FY 2024 · +69% YoY
- -₹8.80 CrNet loss · -6127% margin
- -₹8.54 CrEBITDA · -5951% margin
- ₹4.2 LakhPaid-up capital
- 40Employees (provident fund records)
- -77%Revenue CAGR, 3 years
- +20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Iot Monks Private Limited are on its company page.
Detailed financial statements for Smitch
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Smitch
4 dated milestones of Smitch across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Smitch is founded.
- Funding First funding round of $98K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $55K.
Web traffic of Smitch
The website of Smitch (mysmitch.com) receives about 1.7K visits a month.
- Monthly visits1.7K
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Complete news archive for Smitch
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Frequently Asked Questions about Smitch
Smitch was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Smitch is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
Sanath Kumar is the CEO of Smitch, as recorded in our data.
Smitch is a funded company, having raised a total of $1.6M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $98.16K, raised on Nov 2018.
Smitch has 38 employees.
Annual revenue of Smitch is $17.34K as on Mar 31, 2024.
Provider of smart home automation products. Its products include smart bulbs, smart plugs, smart switches, and smart remote. It can be operated through My Smitch mobile app and it uses wifi technology and enables users to change the colors as per their requirement and also sync lights to favorite music where the lights react to the rhythm. It is compatible with Amazon Alexa and Google Assistant.
Smitch has 16 investors. Key investors include LetsVenture, Suneeta Peela, Anthill Ventures, Satyapreethi Gadde, and Mahesh Balani.
The valuation of Smitch is $8.72M as of Aug 2020.
Smitch is associated with 2 legal entities: Iot Monks Private Limited, Karsan Technologies Private Limited.
The legal entities of Smitch currently have 8 directors, including Hebbale Ramaprasad Sanath Kumar, Pragadheesh Raj, Jaideep Krishna and others.