About Solara
Solara is a company based in Hyderabad (India) founded in 2021 by Gopal Kolli and Swetha Parvathaneni. It operates as a Direct-to-Consumer (D2C). Solara has raised $642.54 thousand across 1 funding round from investors including Sky Moonshot Holdings and Rama Krishna Donepudi. Solara offers products and services including Elixir Tumbler - 1.2L, Insulated Water Bottle, BlendKwik Portable Blender, SOLARA 12L XXL Air Fryer Oven, and Belmont Ceramic Tawa. Solara operates in a competitive market with competitors including Wonderchef, P-TAL, Vaya, Healux International and Rabitat, among others.
- Headquarter Hyderabad, India
- Founders Gopal Kolli, Swetha Parvathaneni
- Stage Minicorn
-
Sectors
Consumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Win The Buy Box Private Limited
- Date of Incorporation 28 Sep, 2021
- Jurisdiction Hyderabad, Telangana, India
-
Annual Revenue
$3.05 M (USD)770.62as on Mar 31, 2023
-
Net Profit
$-185.07 K (USD)-13781.28as on Mar 31, 2023
-
EBITDA
$-186.11 K (USD)-15384.64as on Mar 31, 2023
-
Total Equity Funding
$642.54 K (USD)
in 1 rounds
-
Latest Funding Round
$642.54 K (USD), Seed
Jan 09, 2023
-
Investors
Sky Moonshot Holdings
& 1 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Solara
Solara offers a comprehensive portfolio of products and services, including Elixir Tumbler - 1.2L, Insulated Water Bottle, BlendKwik Portable Blender, SOLARA 12L XXL Air Fryer Oven, and Belmont Ceramic Tawa. 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.
Insulated tumbler is offered for maintaining drink temperature.
Water bottle is designed for thermal insulation usage.
Portable blender is provided for convenient blending tasks.
Air fryer oven is built for large cooking needs.
Ceramic tawa is crafted for non-stick cooking purposes.
Funding Insights of Solara
Solara has successfully raised a total of $642.54K through 1 strategic funding round. The most recent funding activity was a Seed round of $642.54 thousand completed in January 2023. 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 1
- Last Round Seed — $642,540
-
First Round
First Round
(09 Jan 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Seed - Solara | Valuation | Sky Moonshot Holdings |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solara
Solara has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include Sky Moonshot Holdings and Rama Krishna Donepudi. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
RK
Rama Krishna Donepudi |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Solara
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Solara
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solara Comparisons
Competitors of Solara
Solara 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 Wonderchef, P-TAL, Vaya, Healux International and Rabitat, 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 |
Multi-category kitchen products are offered via an internet-first brand.
|
|
| domain | founded_year | HQ Location |
Handcrafted copper, brass, and kansa kitchenware is manufactured.
|
|
| domain | founded_year | HQ Location |
Private label kitchen supplies are offered via internet-first model.
|
|
| domain | founded_year | HQ Location |
Cookware, kitchenware, healthcare, and homecare products are retailed online.
|
|
| domain | founded_year | HQ Location |
Internet first brand offering baby care products
|
|
| domain | founded_year | HQ Location |
Provides leakproof lunch boxes, tumblers, and kitchen accessories for consumers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Solara
When was Solara founded?
Solara was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Solara located?
Solara is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Solara a funded company?
Solara is a funded company, having raised a total of $642.54K across 1 funding round to date. The company's 1st funding round was a Seed of $642.54K, raised on Jan 09, 2023.
What is the annual revenue of Solara?
Annual revenue of Solara is $3.05M as on Mar 31, 2023.
What does Solara do?
Solara is involved in the online retail of a wide range of kitchen, home, and fitness products. Categories such as drinkware, kitchen appliances, and cookware are offered to consumers. Products like insulated tumblers, water bottles, blenders, air fryers, and ceramic tawas are provided with a focus on quality and functionality. The company operates primarily in the direct-to-consumer space, targeting households across India with durable and innovative solutions for everyday needs.
Who are the top competitors of Solara?
Solara's top competitors include Wonderchef, P-TAL and Vaya.
What products or services does Solara offer?
Solara offers Elixir Tumbler - 1.2L, Insulated Water Bottle, BlendKwik Portable Blender, SOLARA 12L XXL Air Fryer Oven, and Belmont Ceramic Tawa.
Who are Solara's investors?
Solara has 2 investors. Key investors include Sky Moonshot Holdings, and Rama Krishna Donepudi.
What is Solara's valuation?
The valuation of Solara is $8.81M as of Jan 2023.