About Sneed
Sneed was a Real Estate & Construction company based in Bengaluru (India) founded in 2015 by Amit Prabhu, Ankit Sonthalia, and Adarsh Jalan. Aggregates online temporary workspaces to meet user needs conveniently. It operates on a B2C model. Sneed has raised $265.42 thousand across 1 funding round. Its Indian entity Sneed Technologies Private Limited reported revenue of ₹34.8 Lakh. The company is recorded as dissolved. Its focus areas include Real Estate and Technology, Sharing Economy, Workspace Solutions and Temporary Aggregators.
Company details
Sneed, founded in 2015 in Bengaluru, India, focuses on real estate and technology, sharing economy, workspace solutions, and temporary aggregators. Aggregates online temporary workspaces to meet user needs conveniently. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Bengaluru, India
- Founders Amit Prabhu, Ankit Sonthalia, Adarsh Jalan
- SectorsReal Estate & Construction
- Website sneed.in
- Social X Facebook
- Legal Name Sneed Technologies Private Limited
- Date of Incorporation 30 Jun, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹34.8 Lakh
FY 2021 · -57% YoY
- Net Loss-₹46.3 Lakh
FY 2021 · -133% margin
- EBITDA-₹45.5 Lakh
FY 2021 · -131% margin
- Total Equity Funding$265.42K (USD)
in 1 rounds
- Latest Funding Round$265.42K (USD), Seed
Oct 2019
Associated legal entities of Sneed
Sneed operates through Sneed Technologies Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sneed Technologies Private Limited CIN U72200KA2015PTC081263 | Under Liquidation | 30 Jun 2015 | Bangalore, Karnataka | ₹0.3 Cr | 2 | View details |
Funding Insights of Sneed
Sneed has successfully raised a total of $265.42K through 1 strategic funding round. The most recent funding activity was a Seed round of $265.42 thousand completed in October 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 $265,418
- Total Rounds 1
- Last Round Seed — $265,418
- First Round $265,418
(Oct 2019)
All 1 funding rounds of Sneed 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 |
|---|---|---|---|---|---|
| Oct 2019 | $265,418 | Seed | – | – | – |
Board of directors of Sneed Technologies Private Limited (Sneed)
Sneed Technologies Private Limited is the primary company behind Sneed. The board of Sneed Technologies Private Limited currently have 2 directors; the longest-serving is Kumble Amit Prabhu, appointed in 2015. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kumble Amit Prabhu DIN 02609551 | Director | 30 Jun 2015 | 11 yrs 4 mo | Sneed Technologies Private Limited |
| Gaurav Bajoria DIN 09045752 | Additional Director | 07 Feb 2021 | 5 yrs 8 mo | Sneed Technologies Private Limited |
People of Sneed
3 people are tracked at Sneed (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Sneed
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 Sneed
Figures of Sneed Technologies Private Limited, the primary company behind Sneed, for FY 2021. Revenue was ₹34.8 Lakh (-57% year on year). Net loss was -₹46.3 Lakh (-133% margin). EBITDA was -₹45.5 Lakh (-131% margin). Revenue has grown at a compounded annual rate of +3% over three years and +135% over five years.
- ₹34.8 LakhRevenue · FY 2021 · -57% YoY
- -₹46.3 LakhNet loss · -133% margin
- -₹45.5 LakhEBITDA · -131% margin
- ₹1.1 LakhPaid-up capital
- +3%Revenue CAGR, 3 years
- +135%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sneed Technologies Private Limited are on its company page.
Detailed financial statements for Sneed
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 Sneed
2 dated milestones of Sneed across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Sneed is founded.
- Funding First funding round of $265K.
Top companies in Serviced & Flexible Workspaces
3 companies that operate in the same segment as Sneed (Serviced & Flexible Workspaces) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Global design and build services for corporate workplaces focusing on sustainability and employee wellbeing. | 2001 | Bengaluru, Karnataka, India | ||||
Provides managed office spaces for businesses. | 1988 | Gurugram, Haryana, India | USD 30.2 M | 1,029 | ||
Develops IT parks, business spaces, and managed workspaces in Bengaluru and other cities. | 1996 | Bengaluru, Karnataka, India | USD 281.58 M | 221 |
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Frequently Asked Questions about Sneed
Sneed was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Sneed is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sneed is a funded company, having raised a total of $265.42K across 1 funding round to date. The company's 1st funding round was a Seed of $265.42K, raised on Oct 2019.
The primary company behind Sneed, Sneed Technologies Private Limited, reported revenue of ₹34.8 Lakh for FY 2021, down 57% year on year.
Sneed, founded in 2015 in Bengaluru, India, focuses on real estate and technology, sharing economy, workspace solutions, and temporary aggregators. Aggregates online temporary workspaces to meet user needs conveniently. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Sneed operates through Sneed Technologies Private Limited.
The legal entities of Sneed currently have 2 directors, including Gaurav Bajoria, Kumble Amit Prabhu.