About Source.one
Source.one is a company based in Pune (India) founded in 2018 by Arun Singhal. Source.one has raised $7.72 million across 4 funding rounds from investors including Vivriti Capital, LyondellBasell and India SME Investments. The company has 135 employees. 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
- Founders Arun Singhal
- Stage Minicorn
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website source.one
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Spcx Private Limited
- Date of Incorporation 28 Aug, 2018
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹2,312 Cr
FY 2025 · +7% YoY
- Net Loss-₹3.01 Cr
FY 2025 · 0% margin
- EBITDA₹6.28 Cr
FY 2025 · 0% margin
- Total Equity Funding$7.72 M (USD)
in 4 rounds
- Latest Funding Round$5.16 M (USD), Series A
Jan 20, 2025
- InvestorsVivriti Capital
& 3 more
- Employee Count135
Associated legal entities of Source.one
Source.one operates through Spcx Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spcx Private Limited CIN U51909PN2018PTC178336 | Active | 28 Aug 2018 | Pune, Maharashtra | ₹2,312 Cr | 135 | 6 | View details |
Board of directors of Spcx Private Limited (Source.one)
Spcx Private Limited is the primary company behind Source.one. The board of Spcx Private Limited currently have 5 directors; the longest-serving is Rohit Popatlal Parmar, appointed in 2025. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rohit Popatlal Parmar DIN 02000811 | Director | 11 Jan 2025 | 1 yr 8 mo | Spcx Private Limited |
| Arun Singhal DIN 08584718 | Officer in default | 15 Jan 2025 | 1 yr 8 mo | Spcx Private Limited |
| Shrinath DIN 08768296 | Officer in default | 15 Jan 2025 | 1 yr 8 mo | Spcx Private Limited |
| Mayank Nayak DIN 06752785 | Nominee Director | 20 Feb 2025 | 1 yr 7 mo | Spcx Private Limited |
| Hardik Pradeep Agrawal DIN 10580697 | Nominee Director | 20 Feb 2025 | 1 yr 7 mo | Spcx Private Limited |
People of Source.one
25 people are tracked at Source.one (3 in leadership, 22 in team); the tracked headcount is 135.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Sparsh Bansal | Business Head | Leadership |
Shrinath Balakrishnan | Chief Technology Officer | Leadership |
Siddharth Chakraborty | AVP - Business Development | Team |
Shakti Tripathi | SDE 1 | Team |
Darshan Khope | SDET | Team |
Lovish Tater | Software Development Engineer | Team |
Varun Shetty | Manager | Team |
Tejas Tanksale | Product Manager | Team |
Saurabh C. | SDE - 1 | Team |
Faizan Shaikh | Logistics Manager | Team |
Deepansh Pahwa | Sde-1 | Team |
Nasir Ahemad | Lead Software QA Engineer | Team |
Pratik Bade | Business Analyst | Team |
Rajendra More | Operations Manager | Team |
Shikha Sarin | Buyer Operation | Team |
Kunal Tijare | SDE | Team |
Moksh Chadha | Sde-ii | Team |
Sumit Mittal | User Experience Designer | Team |
Sanyam Chhoriya | Associate Product Manager | Team |
5 more people are available in the full profile.
Complete people profiles for Source.one
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
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
Financials of Source.one
Figures of Spcx Private Limited, the primary company behind Source.one, for FY 2025. Revenue was ₹2,312 Cr (+7% year on year). Net loss was -₹3.01 Cr (0% margin). EBITDA was ₹6.28 Cr (0% margin). Revenue has grown at a compounded annual rate of +19% over three years and +74% over five years.
- ₹2,312 CrRevenue · FY 2025 · +7% YoY
- -₹3.01 CrNet loss · 0% margin
- ₹6.28 CrEBITDA · 0% margin
- ₹8.85 CrPaid-up capital
- 135Employees (provident fund records)
- +19%Revenue CAGR, 3 years
- +74%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Spcx Private Limited are on its company page.
Detailed financial statements for Source.one
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Funding Insights of Source.one
Source.one has successfully raised a total of $7.72M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.16 million completed in January 2025. 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 $7.7M
- Total Rounds 4
- Last Round Series A — $5.2M
- First Round $137,288
(08 Jun 2021)
- Investors Count 4
All 4 funding rounds of Source.one 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 |
|---|---|---|---|---|---|
| 20 Jan 2025 | $5.2M | Series A | – | – | – |
| 08 Apr 2024 | $4.8M | Debt – Conventional | – | – | |
| 15 Feb 2022 | $2.4M | Seed | $22.1M | India SME Investments | |
| 08 Jun 2021 | $137,288 | Seed | $3.7M | India SME Investments | – |
| Date | Valuation | Stage |
|---|---|---|
| 15 Feb 2022 | $22.1M | •••••••• |
| 08 Jun 2021 | $3.7M | •••••••• |
Last known valuation $22.1M (Feb 2022). 4 investors in total: 4 institutional.
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 |
|---|---|---|---|---|
Private equity fund focused on multiple sectors | 2019 | indiasmeinvestments.com | Mumbai, India | |
Debt financing solutions are provided to mid-market enterprises. | 2017 | vivriticapital.com | Chennai, India | |
Distributes polymer raw materials, procures globally, and delivers to customers in India. | – | parmarglobal.com | Pune, India | |
Ethylene, polypropylene, and specialty chemicals are manufactured globally. | 2005 | lyondellbasell.com | Rotterdam, Netherlands |
Investor details for Source.one
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Source.one
4 dated milestones of Source.one across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Source.one is founded.
- Funding First funding round of $137K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $5.2M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| proqurr.com | 2022 | Delhi, India | – | – | B2B platform facilitating polymer buying, selling, and delivery via WhatsApp. | |
| plastic4trade.com | 2021 | Ahmedabad, India | – | – | Delivers an app-based B2B platform for comprehensive plastic trading solutions. | |
| plastideal.com | 2022 | Ahmedabad, India | – | – | Manufactures HDPE plastic items for industries including agriculture and transportation. | |
| plastcohub.in | 2021 | Mumbai, India | – | – | Functions as an online trading platform for polymer products and accessories. | |
| modernplasticsdirectory.com | 2017 | Mumbai, India | – | – | Offers a cloud-based trading platform tailored to the plastic industry. | |
| credcosourcing.com | 2023 | Delhi, India | – | – | Online platform for buying and selling polymers with real-time pricing. | |
| chemstreet.in | 2014 | Mumbai, India | – | – | An online B2B auction platform for buying and selling chemicals. |
Detailed competitors of Source.one
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Latest news on Source.One
Complete news archive for Source.one
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Similar companies to Source.one
10 companies that operate in the same segment as Source.one (Materials Equipment & Tech), ranked by their profile score on The Company Check.
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Technology tools and systems for molecular scale are developed. | 1959 | Abingdon, Oxfordshire, United Kingdom | – | USD 648.1 M | – | |
Schrödinger is recognized for developing physics-based software platforms for molecular discovery. | 1990 | New York, New York, United States | USD 162 M | USD 255.87 M | 891 | |
Tech-interfaced procurement marketplace is operated for metal manufacturers. | 2017 | Kolkata, West Bengal, India | USD 17.19 M | USD 22.11 M | 48 | |
Retailer of various steel products including mild, stainless, and structural | 2020 | Mumbai, Maharashtra, India | USD 91.54 M | – | – | |
Provider of B2B platform for raw material procurement and credit access | 2015 | Ahmedabad, Gujarat, India | USD 776.04 M | USD 1.88 B | 940 | |
Critical minerals are recovered from e-waste via electro-extraction technology. | 2017 | Knoxville, Tennessee, United States | USD 65.23 M | – | – | |
Provider of AI-based solutions for materials informatics | 2013 | Redwood City, California, United States | USD 81.26 M | – | 53 | |
Zhaogang is recognized as a leading steel e-commerce platform. | 2012 | Shanghai, China | USD 393.8 M | – | – | |
Digital microscopes for pathology and telepathology are developed. | 2014 | Thane, Maharashtra, India | USD 1.71 M | USD 229.8 K | 21 | |
Novi is focused on enhancing AI-driven shopping experiences. | 2019 | Larkspur, Colorado, United States | USD 51.65 M | – | 16 |
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 $7.72M across 4 funding rounds to date. The company's 1st funding round was a Seed of $137.29K, raised on Jun 08, 2021.
Source.one has 135 employees.
The primary company behind Source.one, Spcx Private Limited, reported revenue of ₹2,312 Cr for FY 2025, up 7% year on year.
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.
Source.one operates through Spcx Private Limited.