About Spherehot
Spherehot is a company based in Mumbai (India) founded in 2014 by Pranav Vipinchandra Parikh. Spherehot has raised $2.9 million across 6 funding rounds from investors including Edelweiss Finance, Niranjan Amratlal Shah and Vijay Kamani. The company has 24 employees as of March 28, 2024.
- Headquarter Mumbai, India
- Employees 24 as on 28 Mar, 2024
- Founders Pranav Vipinchandra Parikh
- Stage Minicorn
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Sectors
Consumer
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Gentrust Consumer Durables Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$636.19 K (USD)16.71as on Mar 31, 2023
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Net Profit
-$410.68 K (USD)11.26as on Mar 31, 2023
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EBITDA
-$90.9 K (USD)-67.38as on Mar 31, 2023
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Total Equity Funding
$2.9 M (USD)
in 6 rounds
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Latest Funding Round
$566.61 K (USD), Angel Round
Mar 02, 2018
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Investors
Edelweiss Finance
& 16 more
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Employee Count
24
as on Mar 28, 2024
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People of Spherehot
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Funding Insights of Spherehot
Spherehot has successfully raised a total of $2.9M across 6 strategic funding rounds. The most recent funding activity was a Angel Round of $566.61 thousand completed in March 2018. 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.
Investors in Spherehot
Spherehot has secured backing from 17 investors, including angel and institutional investors. Prominent investors backing the company include Edelweiss Finance, Niranjan Amratlal Shah and Vijay Kamani.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management, SME loans, and insurance services are provided.
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Locked | Locked | Locked | |
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Niranjan Amratlal Shah |
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Locked | Locked | Locked |
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VK
Vijay Kamani |
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Locked | Locked | Locked |
Investor details for Spherehot
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Investments & Acquisitions by Spherehot
Investment portfolio details for Spherehot
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Financial Statements - Spherehot
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Spherehot Comparisons
Peer comparison for Spherehot
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Competitors of Spherehot
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Latest news on Spherehot
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Frequently Asked Questions about Spherehot
Spherehot was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Spherehot is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Spherehot is a funded company, having raised a total of $2.9M across 6 funding rounds to date.
As of Mar 28, 2024, the latest employee count at Spherehot is 24.
Annual revenue of Spherehot is $636.19K as on Mar 31, 2023.
Spherehot was established in 2014 in Mumbai, India, within the household appliances sector. Electric water heaters and related products are produced and distributed by the company. Operations focus on manufacturing processes and sales channels for domestic markets. Key personnel include co-founder Pranav Vipinchandra Parikh and owner Keyor Doshi, overseeing core activities from the Indian base.
Spherehot has 17 investors. Key investors include Edelweiss Finance, Niranjan Amratlal Shah, Vijay Kamani, Jameel Ahmed Khatri, and Rakesh Bhatia.
The valuation of Spherehot is $22.33M as of Mar 2018.