About Source.one
Source.one is a company based in Pune (India) founded in 2018 by Arun Singhal. Source.one has raised $2.56 million across 3 funding rounds from investors including Vivriti Capital, LyondellBasell and India SME Investments. The company has 135 employees as of April 06, 2024. Source.one offers products and services including ABS MOULD, BOPP FILM, EVA, and HD FILM. Source.one operates in a competitive market with competitors including Proqurr, Plastic4trade, Plastideal, Plastco Hub and Modern Plastics Directory, among others.
- Headquarter Pune, India
- Employees 135 as on 06 Apr, 2024
- Founders Arun Singhal
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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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 Spcx Private Limited
- Date of Incorporation 28 Aug, 2018
- Jurisdiction Pune City, Maharashtra, India
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Annual Revenue
$207.28 M (USD)25.98as on Mar 31, 2023
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Net Profit
$26.64 K (USD)543.2as on Mar 31, 2023
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EBITDA
$288.73 K (USD)87.61as on Mar 31, 2023
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Total Equity Funding
$2.56 M (USD)
in 3 rounds
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Latest Funding Round
$4.8 M (USD), Debt – Conventional
Apr 08, 2024
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Investors
Vivriti Capital
& 3 more
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Employee Count
135
as on Apr 06, 2024
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Products & Services of Source.one
Source.one offers a comprehensive portfolio of products and services, including ABS MOULD, BOPP FILM, EVA, and HD FILM.
High-performance plastic for molding in industrial applications
Film material used for packaging and flexible applications
Ethylene vinyl acetate for various manufacturing uses
High-density film for durable packaging solutions
People of Source.one
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Funding Insights of Source.one
Source.one has successfully raised a total of $2.56M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $4.8 million completed in April 2024. 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 3
- Last Round Debt – Conventional — $4.8M
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First Round
First Round
(08 Jun 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Debt – Conventional - Source.one | Valuation |
investors |
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| Feb, 2022 | Amount | Seed - Source.one | Valuation | India SME Investments | |
| Jun, 2021 | Amount | Seed - Source.one | Valuation | India SME Investments |
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Investors in Source.one
Source.one has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Vivriti Capital, LyondellBasell and India SME Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Debt financing solutions are provided to mid-market enterprises.
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Founded Year | Domain | Location | |
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Distributes polymer raw materials, procures globally, and delivers to customers in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by Source.one
Financial Statements - Source.one
Source.One Comparisons
Competitors of Source.one
Source.one 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 Proqurr, Plastic4trade, Plastideal, Plastco Hub and Modern Plastics Directory, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
B2B platform facilitating polymer buying, selling, and delivery via WhatsApp.
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| domain | founded_year | HQ Location |
Delivers an app-based B2B platform for comprehensive plastic trading solutions.
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| domain | founded_year | HQ Location |
Manufactures HDPE plastic items for industries including agriculture and transportation.
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| domain | founded_year | HQ Location |
Functions as an online trading platform for polymer products and accessories.
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| domain | founded_year | HQ Location |
Offers a cloud-based trading platform tailored to the plastic industry.
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Frequently Asked Questions about Source.one
Source.one was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Source.one is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Arun Singhal is the current CEO of Source.one. They have also founded this company.
Source.one is a funded company, having raised a total of $2.56M across 3 funding rounds to date. The company's 1st funding round was a Seed of $137.29K, raised on Jun 08, 2021.
As of Apr 06, 2024, the latest employee count at Source.one is 135.
Annual revenue of Source.one is $207.28M as on Mar 31, 2023.
Source.one was founded in 2018 in Pune, India, as a provider of an online marketplace focused on the petrochemical sector. Polymer distribution is facilitated through a tech-driven platform that connects users. Real-time pricing and order tracking solutions are offered to support transactions. Operations are centered on streamlining the distribution industry for polymers across relevant geographies.
Source.one's top competitors include Modern Plastics Directory, Plastic4trade and Proqurr.
Source.one offers ABS MOULD, BOPP FILM, EVA, and HD FILM.
Source.one has 4 investors. Key investors include Vivriti Capital, LyondellBasell, India SME Investments, and Parmar International.
The valuation of Source.one is $22.14M as of Feb 2022.